Enzymes Market for Market Insights, Current and Future Trends with Key Players – Novozymes, DuPont, DSM, Amano Enzyme Inc., Lonza Group

The global Enzymes market size is expected to be worth around US$ 9.8 billion by 2027, according to a new report by Vision Research Reports.

The global Enzymes market size was valued at US$ 17.1 billion in 2019 and is anticipated to grow at a CAGR of 7.0% during forecast period 2020 to 2027.

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Growth Factors

Increasing demand from end-use industries such as food and beverage, biofuel, animal feed, and home cleaning, is projected to drive the market growth over the forecast period. Increasing health awareness among consumers has resulted in the growing consumption of functional food products, which is expected to propel the product demand in the near future.

Increasing demand for enzymes from the food and beverage industry, especially for the production of brewing and bakery products is one of the key factors driving the market growth.

Food and beverage industry includes several applications such as baking, brewing, dairy, and starch and sugar, which find extensive use in daily human life. In the baking industry, these are used to provide specific properties to the flour or dough. In biscuits and crackers, the use of enzymes helps lower the protein content of flour while their use in bread improves or standardizes the quality and ensures uniform browning of the product. The product is extensively used in the food and beverage industry to improve the quality and productivity of products, which is anticipated to fuel the market growth.

Report Highlights

In terms of revenue, the carbohydrase product segment is projected to dominate the market while expanding at a CAGR of 7.3% over the forecast period The microorganisms source segment held the largest share of the market in terms of revenue and is anticipated to dominate the enzymes market in the forecast period Asia Pacific is projected to witness a remarkable growth rate of 8.0% in the near future, owing to increasing consumption of food and beverage products, detergents, and animal feed in the region The market is oligopolistic owing to the presence of three key players including Novozymes, DuPont Danisco, and BASF dominating the market Enzymes play a significant role in development and production of nutritious food and beverage products. Customized enzyme solutions and proprietary products are used in the processing of fruit and vegetable, cheese, protein, grains, and fats and oils, along with several other industries such as dairy, baking, brewing, and cereal extraction. Increasing investments in research and sector for the development of new medicines and diagnostic solutions is one of the key factors driving the global enzymes market. Cellulase, lactase, amylase, pectinase, and mannanases are the prominent carbohydrases used in several end-use industries such as food and beverages, animal feed, and pharmaceuticals. Carbohydrase is majorly used as a catalyst for converting carbohydrates into sugar syrup such as and, which are further used in food and beverage and pharmaceutical industries. It is also used for producing prebiotic products and artificial sweeteners known as isomaltulose for wines and juices. Lipases are mostly used for the catalytic hydrolysis of fats or lipids. They are used for digesting, transporting, and processing dietary lipids such as oils, fats, and triglycerides. Lipases find versatile applications in food industry (cheese and yogurt fermentation), baking, detergents, and production of biofuels. Lipase is majorly used for biodiesel production, which involves processing of glycerides and fatty acids through esterification and transesterification reactions. Plant-based enzymes are sourced from plants, for instance, bromelain is derived from pineapple and papain from papaya. Prominent enzymes found in plants include amylase, protease, cellulase, and lipase. Amylase assists the human body with the breakdown and consequent absorption of starch and carbohydrates. Protease helps break down proteins that are present in fish, meat, eggs, poultry, nuts, and cheese. Microorganisms-based enzymes are divided into three types, namely bacterial, fungal, and yeast. Mushroom-based enzymes include phenol oxidases, esterases, and hydrolases. Bacterial enzymes are generally sourced from Bacillus. North America is a prominent region due to strong presence of several end-use industries along with high scope for research and development activities in the major countries of the region. The U.S. government has adopted several initiatives to promote the production of biofuels including biodiesel, cellulosic biofuels, and advanced biofuels. The government had established Renewable Fuel Standards (RFS1 and RFS 2) program in 2005, which focuses on reducing greenhouse emissions and promoting the use of alternative fuel. These government initiatives coupled with growing production of biofuels in the U.S. are expected to propel the growth over the forecast period. The European Commission’s inclination toward reducing greenhouse emissions and promoting the production of biofuels is expected to have a positive impact on regional growth over the forecast period. According to the Food and Agriculture Organization (FAO), Europe emerged as the prominent meat producer in 2018 after North America and China. The Russian Federation is expected to witness significant increase in meat production owing to improving economic conditions in the country. Enzymes are extensively used in meat processing to improve tenderness of meat.

Key Players

Novozymes DuPont DSM Amano Enzyme Inc. Lonza Group

Market Segmentation

Application Outlook  Industrial Enzymes Food & Beverages Detergents Animal Feed Biofuels Textiles Pulp & Paper Nutraceutical Personal Care & Cosmetics Wastewater Others Specialty Enzymes Pharmaceutical Research & Biotechnology Diagnostics Biocatalysts Product Outlook Carbohydrase Proteases Lipases Polymerases & Nucleases Others Source Outlook Plants Animals Microorganisms Regional Outlook North America U.S. Canada Mexico Europe U.K. Germany France Spain Italy Asia Pacific China Japan India South Korea Indonesia Australia Central & South America Brazil Argentina Middle East & Africa Saudi Arabia Turkey

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