Global Enzymes Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Enzymes Market” is an upcoming report by MarketResearch.biz. The global enzymes market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the enzymes market. The global enzymes market report will be segmented on the basis of application, product, source, and region.
Enzymes are both proteins and biological catalysts. Catalysts accelerate chemical reactions. The molecules upon which may act are called substrates, and the enzyme converts to the substrates into different molecules known as products. They break down vitamins and nutrients of complex compounds into smaller compounds.
The engineering of proteins is a relatively new avenue for R&D applications. It involves the invention as well as the production of enzymes to catalyze reactions that do not occur naturally. This industry is slated to experience an increase in the consumption of enzymes in several applications like – germination in breweries, the manufacturing of cheese, food processing, meat tenderization, the conversion of starch into glucose, and the pre-digestion of protein in baby foods. There is also an increased demand for them in biofuels, rubber processing, contact lens cleaners, molecular biology, and paper processing. Key factors contributing to the growth of the market are an increase in global populations, significant consumption of dietary requirements, and a rising awareness of improved food quality among consumers.
In terms of application, the market is segmented into industrial enzymes, food & beverages, detergents, animal feed, biofuels, textiles, pulp & paper, and nutraceuticals among others. Enzymes play an important role in the development of beverages and nutritious food products. Apart from the aforementioned applications, customized enzyme solutions are required by other food processing industries like cereal extraction, baking, dairy, and brewing. An increase in the demand for medicinal drugs, extensive research activities, and strong funding schemes are expected to drive the biotechnology sector, which, in turn, is anticipated to fuel the demand for these products in the foreseeable future. Intensifying R&D has enabled specialty enzymes to be implemented in drug formulation and delivery.
With regard to product, the market is modularized into carbohydrase, proteases, lipases, and polymerases & nucleases among others. They are used extensively in the production of animal feed, food & beverages, and the pharmaceutical industry as well. They are also used in the production of artificial sweeteners and prebiotics (isomaltulose) meant for juices and wines. An increase in the use of carbohydrase and lipases is slated to augment the growth of this market over the forecast period.
With reference to the source, the market is segmented into microorganisms, plants, and animals. Plant-based enzymes are derived from plants, e.g – papain from papaya and bromelain from pineapple. Protease helps deconstruct proteins present in meat, poultry, fish, eggs, nuts, and cheese.
Microorganism-based enzymes are further divided into 3 types – fungal, bacterial and yeast. Fungi-based enzymes are a leading type due to their rising utilization in various end-use industries. Bacterial enzymes are usually sourced from bacillus. And, mushroom-based enzymes include hydrolases, esterases and phenol oxidases.
Owing to established end-use industries such as pharmaceuticals, personal care & cosmetics, laundry detergent, and food & beverages, North America has emerged as a prominent player in the global market. To improve meat tenderness, enzymes are extensively used in the processing of meat. And, Europe is a dominant consumer of meat products and is also a leading producer as well, after North America and China. This is slated to increase the demand for these products in the region. The European Commission's tendency towards promoting the production of biofuels and reducing greenhouse emissions is slated to have a positive impact on this regional market over the coming years.
Global Market Segmentation:
Global market segmentation, by Product:
- Polymerases & nucleases
Global market segmentation, by Application:
- Industrial Enzymes
- Food & Beverages
- Animal Feed
- Pulp & Paper
- Personal Care & Cosmetics
- Specialty Enzymes
- Research & Biotechnology
Global market segmentation, by Source:
Global market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF Corp.
- Associated British Foods PLC (AB Enzymes)
- Danisco/DuPont (Genencor Industrial Biosciences)
- Specialty Enzymes and Biotechnology Ltd.
- Maps Enzymes Ltd.
- Hansen Holding A/S
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