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Enzymes Market: Trends and Developments

Author: Mitali Kekane
by Mitali Kekane
Posted: Nov 06, 2020

The enzymes market was valued at USD 10.0 billion in 2019 and is projected to reach USD 14.7 billion by 2025, recording a CAGR of 6.7% during the forecast period. The demand for enzymes is increasing significantly, as it is being used across various industries and as a substitute for chemicals.

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Key players in this market include BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Aumgene Biosciences (India), Chr Hansen (Denmark), Amano Enzymes (Japan), Roche Holding (Switzerland), Codexis (US), Sanofi (France), and Merck (Germany).

Scope of the report

By Product Type
  • Industrial enzymes
  • Specialty enzymes
By Source
  • Microorganism
  • Plant
  • Animal
By Type
  • Carbohydrases
    • Amylases
    • Cellulases
    • Other carbohydrases
  • Proteases
  • Lipases
  • Polymerases & nucleases
  • Other enzymes
By Industrial Enzyme- Applications
  • Food & Beverages
    • Meat processing
    • Dairy products
    • Beverages
    • Bakery & confectionary products
    • Nutraceuticals
    • Other food & beverages
  • Bioethanol
  • Textiles & leather
  • Detergents
    • Laundry detergents
    • Automatic dishwashing detergent
    • Other detergents
  • Paper & pulp
  • Wastewater management
  • Feed
    • Ruminant feed
    • Swine feed
    • Poultry feed
    • Aquafeed
    • Other feed
  • Other applications
By Specialty Enzyme- Applications
  • Pharmaceuticals
  • Research & biotechnology
  • Diagnostics
  • Biocatalysts
By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
    • Brazil
    • Argentina
    • South Africa
    • Rest of RoW

Market Dynamics:

Drivers

  • Growing Environmental Concerns And Increasing Demand For Biofuel
  • Advancements In R&D Activities For Technical Enzymes
  • Advancements In Enzyme Engineering & Green Chemistry And The Introduction Of Genetically Engineered Enzymes

Restraints

  • Stringent Regulatory Framework

Opportunities

  • Demand For An Alternative To Synthetic Chemicals

Challenges

  • Concerns Over Quality, Safety, And Consumer Perception Toward Enzymes

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The enzymes market in Asia Pacific is expected to witness the highest growth due to the increasing demand for enzymes in industrial and specialty applications. Technological innovations in machinery, synthetic fibers, logistics, and globalization of business have made the textile & leather industry one of the essential sectors in the Asia Pacific region. Furthermore, the shift of industrial operations from developed regions, such as North America and Europe to Asia Pacific, has further contributed to the growth of the enzymes market in this region. The use of enzymes in the biofuel industry will grow further due to the increase in bioethanol production and its usage in fueling automobiles and electricity. In addition, the majority of the population resides in the Asia Pacific region, which is contributing to the growth of the pharmaceutical industry. Enzyme usage in pharmaceutical products will further drive the enzymes market in the Asia Pacific region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Aumgene Biosciences (India), Chr Hansen (Denmark), Amano Enzymes (Japan), Roche Holding (Switzerland), Codexis (US), Sanofi (France), Merck (Germany), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), and Biocatalysts (UK).

About the Author

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 com

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Author: Mitali Kekane

Mitali Kekane

Member since: Feb 05, 2019
Published articles: 98

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