Enzymes Market Size, Share, Trends, Growth 2032

Enzymes Industry Prospective:

The global enzymes market size was worth around USD 13.14 billion in 2023 and is predicted to grow to around USD 23.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.75% between 2024 and 2032.

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The study includes drivers and restraints for the enzymes market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the enzymes market on a global as well as regional level.

Enzymes Market: Growth Factors

Enzymes are biocatalysts that speed up different biochemical reactions. Enzymes are useful biocatalysts in a variety of industrial and chemical processes in the present scenario. They play an important role in chemical engineering, food technology, and farming. The use of enzymes minimizes costs, reduces production time, and improves the quality of the reaction of the substrate. Enzymes are commonly used in the detergent sector for the removal of cloth stains. In addition, they are used in a variety of processes like baking or brewing in the food and beverage industry. Moreover, enzymes are also used for drug formulation in the pharmaceutical industry.

The rising need for effective cosmetics & pharmaceutical products and surging demand for functional food & beverages are the factors driving the global enzymes market. Moreover, increasing the application of enzyme-based techniques for the detection & treatment of various chronic diseases is likely to boost the growth of enzymes market. Additionally, the increasing usage of enzymes in the food & beverage and paper & pulp industry is further expected to accelerate the enzymes market growth in the upcoming years as well.

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However, the stringent government regulations in developed countries are likely to restrain the market growth in the near future. Conversely, the manufacturers of enzymes are largely focusing on research & development to enhance the functionalities of the enzyme. Thus, this is anticipated to offer lucrative opportunities to the global enzymes market during the forecast period.

Enzymes Market: Segmentation

The global enzymes market is classified on the basis of product type, source, reaction type, application, and end-user.

Based on the product type, segment includes polymerase & nucleases, protease, carbohydrase, lipase, and others. The carbohydrate segment dominated the global enzymes market and accounted for around 48% of the market share. The carbohydrase enzyme is widely used in the production of sugar syrup in the food processing industry.

Based on the source, the market is segmented into microorganisms, plants, and animals.

Based on the reaction type, segmentation includes hydrolase, oxidoreductase, transferase, lyase, and others. General cargo accounted for the largest market share in 2018 and is expected to register significant growth during the forecast period.

Based on the application, segmentation includes household care, pharmaceutical & biotechnology, food & beverages, bioenergy, feed, and others. The pharmaceutical segment is projected to dominate the global enzymes market owing to the growing application of enzymes in the manufacturing process of generic drugs.

Enzymes Market : Report Scope

Enzymes Market: Regional Analysis

In 2018, North America dominated the global enzymes market. In North America, the U.S. is projected to be the dominating nation owing to the rising use of enzymes in diagnostic and pharmaceutical applications. Additionally, the manufacturers in North America are focusing on enhancing the capacity of enzyme production due to growing demands in various end-user industries.

Enzymes Market: Competitive Analysis

The global enzymes market is dominated by players like:

• Amano Enzyme Inc
• AB Enzyme
• Agilent Technologies
• Novozyme A/S
• BioVision Inc
• ENMEX
• Bioline
• F. Hoffmann-La Roche AG
• Fapon Biotech Inc
• Lucigen
• DowDuPont Inc
• New England Biolabs
• DNA Polymerase Technology Inc
• Biorbyt Ltd

By Product Type

• Carbohydrase
• Protease
• Lipase
• Polymerase & Nucleases
• Others

By Source

• Microorganisms
• Plants
• Animals

By Reaction Type

• Hydrolase
• Oxidoreductase
• Transferase
• Lyase
• Others

By Application

• Food & Beverages
• Household Care
• Bioenergy
• Pharmaceutical and Biotechnology
• Feed
• Others

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa