Global Enzymes Market Share Is Likely To Reach At A CAGR Value Of Around 6.10% By 2028

21-Jul-2022 | Facts and Factors

According to Facts and Factors, the global enzymes market size was valued at USD 8,529.50 million in 2021 and is predicted to increase at a CAGR of 6.10 % to USD 12,167.9 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Integration of enzymes in several food products helps continued nutritional content and longer shelf life. Due to advances in enzyme engineering and green chemistry, as well as the introduction of genetics, the demand for enzymes has skyrocketed. Enzyme demand is expected to rise in the next years due to innovation in enzyme engineering, green chemistry, and innovative genetically modified enzyme developments. Industrial enzymes' flexibility has led to their use in a variety of modern technologies and applications to reduce chemical usage, propelling the industrial enzyme market over the upcoming years.

Browse the full “Enzymes Market Size, Share, Growth Analysis Report By Product Type (Industrial Enzymes, Specialty Enzymes, Source, Microorganisms, Plant, Animal), By Type (Carbohydrase’s, Amylases, Cellulases, Other Carbohydrase's), By Application (Food and Beverages, Meat Processing Products, Dairy Products, Beverages, Bakery & Confectionary, Nutraceuticals, Other Food & Beverages), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/enzyme-market

The pharmaceutical industry's demand for enzymes to synthesize intermediates in active pharmaceutical ingredients (API) manufactured for effective pharmaceuticals is projected to drive the enzymes market forward.  Moreover, the major benefit that will drive the market growth forward is improved paper quality and reduced energy consumption during the forecast period. Besides, the Lack of standardized regulatory guidelines and harmonization will continue to limit the enzyme market growth during the forecast period.

Enzymes Market growth is projected to be boosted by the pharmaceutical industry's rising demand for enzymes to synthesize mediators in API development for effective medications. Additionally, rapid penetration of organized retail in the untapped rural & urban areas will provide strong business during the forecast period. The enzymes market landscape will be propelled by continued government support in the form of tariffs and subsidies on a variety of food goods, as well as improvements in trading procedures between various economies.

Segmental Overview

In terms of Products, the Industrial enzyme holds the major share in the market over the upcoming years. The advanced technologies in Research and Development activities, increasing demand for bioethanol and, and rising environmental concerns are the major factors responsible for the growth of Industrial enzymes over the upcoming years. Also, Due to the latest technologies biocatalysts based on isolated enzymes are currently considered more cost-effective than complete cells.

In terms of Applications, the growth of the household care segment registers the highest growth in the global enzyme market during the forecast period. This is majorly due to the increase in the adoption of products containing enzymes rather than petrochemical-derived components, as the latter tends to pollute the environment to a greater extent. Moreover, an increase in awareness among the population related to the positive environmental impact of enzymes has significantly contributed to the growth of the enzyme market for household care during the forecast period.

Regional Overview

The Asia-Pacific region, including China, India, Indonesia, and Australia, is expected to dominate the packaged enzyme market. The enzymes market in the Asia Pacific is expected to witness the highest growth. The major reason for the growth of the industrial enzyme market in this region is the increase in scope for research and development activities for enzymes.  Launch of new enzymes required for the treatment of various chronic diseases, the increasing demand for enzymes in industrial and specialty applications. and an increase in the number of developmental strategies is expected to show lucrative growth during the forecast period in this region. Moreover, Because of the employment in manufacturing processes, enzymes have gained popularity, resulting in significant cost savings, lower energy consumption, and enhanced substrate activity over the upcoming years.

Report Scope

Competitive Landscape

The report contains qualitative and quantitative research on the global enzymes market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the major companies operating in the global enzyme market are BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), ABF (UK), Kerry (Ireland), Advanced Enzyme Technologies (India), CHR. Hansen (Denmark), Amano Enzyme Inc. (Japan), Augment Biosciences (India), Mega zyme (Ireland), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), Biocatalysts (UK), SunOS Industry Group (China), and others.

The Global Enzymes Market is segmented as follows:

By Product Type

• Industrial Enzymes
• Specialty Enzymes
• Source
• Microorganisms
• Plant
• Animal

By Type

• Carbohydrase’s
• Amylases
• Cellulases
• Other Carbohydrase’s (include pectinases, lactases, ananases, and pullulans)

By Application

• Food and Beverages
• Meat Processing Products
• Dairy Products
• Beverages
• Bakery & Confectionary
• Nutraceuticals
• Other Food & Beverages (isomerases, transferases, beta-lactamase, arabino xylanases, amyl glucosidases, catalases, laccases, oxidases, xylanases,)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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