Enzymes Market By Type (Protease, Carbohydrase, Lipase, Polymerase and Nuclease, and Other Types), By Source (Microorganisms, Plants, and Animals), By Reaction Type (Hydrolase, Oxidoreductase, Transferase, Lyase, and Other Reaction Types), By Application (Food and Beverages, Household Care, Bioenergy, Pharmaceutical and Biotechnology, Feed, and Other Applications), and By Region - Trends, Analysis and Forecast till 2026

Enzymes market accounted for USD 9.9 Billion in 2019 and is estimated to be  USD10.5 Billion by 2026 and is anticipated to register a CAGR of 7.1%.

Enzymes are biocatalysts. They are used to accelerate the reaction and yield the desired results in biological reactions. Enzymes have gained a special attention in recent years due to its wide applications. They are proteinaceous in nature. They are involved in food and animal feed, pharmaceuticals and biotechnology R&D, textiles and detergents, manufacturing industries, and others (leather processing, paper and pulp processing, and agriculture). Their application in the manufacturing processes, results in significant cost reductions. Further, due to limited energy consumption and better substrate activity, has led to the expansion of enzymes industry worldwide.

High demand for effective enzymes

Enzymes play a key role in production and development of nutritious food and beverage products. Customized enzyme solutions and branded products are used in the processing of cheese, fruit and vegetable, protein, fats and oils, and grains, coupled with various other industries such as dairy, brewing, baking, and cereal extraction. Specialized solutions help food manufacturers to enhance the quality, produce higher yield, of final products, optimize resources, decrease costs, lower environmental pollution, and reduce wastage.

Rising investments in research and biotechnology sector

Growing investments in research and biotechnology sector for introducing new medicines and diagnostic solutions is one of the key factors boosting the global enzymes market. Rising demand for medicinal drugs, strong extensive research activities and funding initiatives, are projected to propel this sector, which, in turn, is likely to drive the product demand over the forecast period. R&D centers of various companies focus on development, evaluation, upscaling, validation of technologies, and innovative enzyme formulation for human welfare as well as commercial processing. These research centers have industrialized proficiency in the expression and cloning of industrial enzymes in safe and suitable microbial hosts.

However, factors such as high sensitivity of enzymes to temperature & pH and handling & safety issues of enzymes may limit the growth of the target market.

Enzymes market is segmented based on type, source, reaction type, application, and region.

On the basis of type, the enzymes market is segmented into protease, carbohydrase, lipase, polymerase and nuclease, and other types. Based on source, the target market is segmented into microorganisms, plants, and animals. On the basis of reaction type, that target market is bifurcated into hydrolase, oxidoreductase, transferase, lyase, and other reaction types. Based on application, the target market is segmented into food and beverages, household care, bioenergy, pharmaceutical and biotechnology, feed, and other applications

Regional Insights:

On region the enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a dominate region owing to strong presence of several end-use industries coupled with high scope for research and development activities in the major countries of the region. Several initiatives has been adopted by the U.S. government to promote the production of biofuels including cellulosic biofuels, biodiesel, and advanced biofuels. The government had launched Renewable Fuel Standards (RFS1 and RFS 2) program in 2005, which aims on promoting the use of alternative fuel and decreasing greenhouse emissions. These government initiatives along with growing production of biofuels in U.S. are projected to drive the growth in the coming years.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2027. For the purpose of this study, has segmented the Enzymes market report based on type, source, reaction type, application, and region.

Enzymes Market, By Type:

• Protease
• Carbohydrase
• Lipase
• Polymerase and Nuclease
• Other Types

Enzymes Market, By Source:

• Microorganisms
• Plants
• Animals

Enzymes Market, By Reaction Type:

• Hydrolase
• Oxidoreductase
• Transferase
• Lyase
• Other Reaction Types

Enzymes Market, By Application:

• Food and Beverages
• Household Care
• Bioenergy
• Pharmaceutical and Biotechnology
• Feed
• Other Applications

Enzymes Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the enzymes market includes Novozymes A/S, Koninklijke DSM N.V., Advanced Enzyme Technologies Ltd., DowDuPont Inc., BASF SE, AB Enzymes GmbH, Codexis, Inc., Amano Enzyme, Inc., F. Hoffmann-La Roche Ltd., BBI Enzymes Ltd., and Thermo Fisher Scientific Inc. The raw material manufacturers and suppliers have significant opportunities to provide high-quality and uniform products through a reviewed supply chain. Manufacturing process plays a significant role in influencing the quantity and quality of the enzymes. Collaborators involved in fair trade production and practices are the key factors boosting the industry growth. For instance, in 2019, Novozymes has launched a new toolbox to guide producers to expand their businesses into oat drinks. It offers an insights into how to use and combine enzymes, raw material and production parameters to adjust sweetness, mouthfeel and nutritional profile in oat drinks.

• Novozymes A/S
• Koninklijke DSM N.V.
• Advanced Enzyme Technologies Ltd.
• DowDuPont Inc.
• BASF SE
• AB Enzymes GmbH
• Codexis, Inc.
• Amano Enzyme, Inc.
• F. Hoffmann-La Roche Ltd.
• BBI Enzymes Ltd.
• Thermo Fisher Scientific Inc.