Enzymes Market Size, Share, and Trends 2024 to 2034

Enzymes Market Size to Reach USD 15.03 Bn by 2032

The global enzymes market size was valued at USD 10.20 billion in 2022 and it is projected to surpass around USD 15.03 billion by 2032, growing at a compound annual growth rate (CAGR) of 4% during the forecast period 2023 to 2032.

Key Takeaway:

• By type, the industrial segment has held revenue share of around 57% in 2022.
• By product, the carbohydrase segment has accounted revenue share of around 47% in 2022.
• By source, the microorganisms source segment has captured 86% of the global revenue share in 2022.
• The North America region has contributed more than 38% of the total revenue share in 2022.

Enzymes are the biological catalysts that increase the speed of the chemical reactions. Enzymes convert the substrates into a product. Enzymes play an extremely important role in all the life processes of a cell. Enzyme is a functional food which has seen a great demand in recent years due to the growing health awareness among the consumers. The intense market is expected to grow in the coming years due to the use of different technological processes. The production of enzymes includes different materials derived from plant and animals. Manufacturers are coming up with different methods to improve the quality of the product. In times are used in many different industries. They are used in textile manufacturing pharmaceutical industries etc. Enzymes are helpful in breaking down new clients and vitamins. It breaks down the complex food into simpler molecules. Due to the lack of standard regulatory policies for the enzymes market the growth of this market will be restrained.

During the pandemic the enzymes market had seen a growth due to increased health awareness amongst the consumers. In order to boost the immunity there was an increase in the demand for the enzymes. Disrupted supply chain activities and restrictive conditions in the market had affected the production capacity of the enzymes market. Increasing awareness about the health and the awareness regarding the availability of various health care options is creating a greater demand for this market. During the pandemic many major market players in the manufacturing of enzymes were engaged in the manufacturing of hand sanitizers.

Growth Factors

The enzymes market is expected to see enormous growth opportunity due to the use of advanced technology in the manufacturing of the enzymes. Major market players are concentrating on research and development in order to provide innovative products to the market. As a result increase in the chronic elements amongst the consumers the market for enzyme is expected to grow well during the forecast period. Increase in the geriatric population and various diseases acquired by this population is anticipated to drive the demand for this product. Enzymes are extremely beneficial for cardiovascular diseases and cancer. As an increase in the number of cancer patients across the globe the market for enzymes is expected to grow in the coming years. Due to the improved lifestyle and wrapped up in isolation doesn't increase in the demand for dietary supplements which happens to be oh factor contributing to the growth of the market. 

The use of enzymes is growing in the industrial applications. End times are extremely important in controlling or accelerating any reaction. Enzymes are used in industries like detergent, leather processing and paper and pulp. Apart from these industries many other industries are seeking enzymes which is leading to a growth in the market. The demand for enzymes is expected to grow across the globe during the forecast period. Enzymes are used in the pharmaceutical industry for the production of various medications. Increasing number of digestive diseases and inflammation are driving the growth of the market. In times can be used in the protein engineering technology and the awareness regarding this application is expected to drive the market in the coming years across the developed as well as the developing economies. Emerging economies we will provide a great market for the growth of the enzymes. Awareness regarding the benefits of enzymes in respiration, muscle function and other activities we will drive the market growth. Due to the technological developments and increasing awareness about the environmental issues is expected to drive the market. 

Post pandemic people have become extremely conscious about their health. Consumers seek good quality food which is helpful in enhancing the immunity and provides nutrition. Doesn't increase use of enzymes in the food items and this is expected to grow in the coming years especially for the developed nations.

Report Scope of the Enzymes Market

Type Insights

Depending upon the type, the enzymes market is segmented into industrial enzymes and specialty enzymes. Enzymes are biological catalysts which help in cutting down the response time of the chemical reactions that take place within a cell. The industrial enzymes segment is expected to grow well during the forecast period. In 2022, the industrial enzymes segment accounted market share of around 57%. Not any increase in the demand for enzymes across many developing economies like India China and Brazil. The demand from these countries is expected to drive the market for the industrial enzymes. 

Industrial enzymes are used in the manufacturing of detergents, textile, food and beverages etc. And lines are used in research laboratories and it also finds application in biotechnology. Due to the increase in the research activities did an increase in the demand for medicines the market for enzymes is expected to grow well during the forecast period.

Product Insights

Depending upon the product, the carbohydrases segment accounted 47% revenue share in 2022 and expected to dominate the market in the coming years. After the large number of application of enzymes in many industries the market is expected to grow. In the manufacturing of fruit juice enzymes in the form of amylase is used. The same time is used for processing and clarification of the fruit juice. There is a great demand for fruit juice across the globe. As is an increasing demand for enzymes in the pharmaceuticals and chemicals industry the market is expected to grow well in the coming years.

The protease segment is also expected to do well in the market. Protease segment is expected to grow due to the application across the food and beverages industry. In the countries like India China and Brazil the demand for enzymes in the chemical industry will grow during the forecast period.

Source Insights

Depending upon the source, the microorganisms segment accounted market share of around 86% in 2022. The microorganisms segment is expected to grow as the demand for enzymes is increasing in many end user industries. The fungi based enzymes and the animal based enzymes are expected to grow well during the forecast period. The microorganism segment will dominate the market as the production cost is low and that is easy availability of this source. In order to produce in times in large quantities key market players are cultivating genetically engineered microorganisms. 

The plant based enzymes our expected to grow well during the forecast period as this happens to be a cost effective option. Due to the availability of advanced technology in the production of enzymes through plants with very less investment will lead to a rapid growth of the market.

Application Insights

On the basis of application, the household segment is expected to dominate the market during the forecast period. The household segment has had a larger market share in the recent years. Growing awareness regarding the health and increased need for boosting immunity the market for enzymes is expected to grow. Due to the awareness regarding the benefits of consuming enzymes the demand for enzymes is expected to grow in the coming years across the globe. Enzyme based products are used in laundering garments. They are also used in dishwashing detergents in the household segment. The use of enzymes for improving the health and its use in dishwashing and laundry detergents will drive the market growth in this segment. 

The pharmaceutical industry we will also grow well during the forecast period. Consumption of enzymes is extremely good for the patients suffering with aids and cancer. Enzymes are largely used in the pharmaceutical industry for the production of various drugs. All these factors are expected to drive the market during the forecast period.

Geography Insights

North American region accounted 38% revenue share in 2022 and it is expected to grow with the highest compound annual growth rate during the forecast period. Due to various technological advancements for protein engineering the North American market is expected to grow. Continuous research and development activities in order to provide solutions to the large number of patients suffering with different kind of diseases the European market is expected to grow well and then the extremely useful for the treatment of chronic illnesses. The use of enzymes is largely adopted in the Asia Pacific region due to its growing awareness relating to health care and other segments.

In the Asia Pacific region the growth of the enzymes market is attributed to the increasing number of chronic diseases. Due to the presence of many manufacturers in the European region the market is expected to grow. And there is a growth in the food and beverages and the textiles industry in the Asia Pacific region the market is expected to grow. The use of enzymes has great demand in the food and beverage industry and the pharmaceutical industries across the nation of China. The market is expected to grow due to growth in the disposable income and rapid urbanization. Many major market players are planning to expand the geographical presence and these major manufacturing companies are setting their foot in the Asia Pacific region and this is expected to boost the growth of the enzymes market in the Asia Pacific region.

Key Market Players

• BASF (Germany)
• DuPont (US)
• Associated British Foods (UK)
• Advanced Enzymes Technologies (India)
• Aumgene Biosciences (India)
• Chr Hansen (Denmark)
• Creative Enzymes (US)
• Enzyme Solutions (US)
• Amano Enzymes (Japan)
• Roche Holding (Switzerland)
• Codexis (US)
• Sanofi (France)
• Merck (Germany)
• Novozymes (Denmark)
• DSM (Netherlands)
• Dyadic International (US) 
• Enzyme Supplies (UK),
• Enzymatic Deinking Technologies (US)
• Biocatalysts (UK)

Key Market Developments

• Novozymes and Novo Nordisk Pharmatech formed a partnership in the year 2021. The partnership aims at production of the enzymes that are extremely useful in the production of the biopharmaceutical manufacturing procedure.
• BASF has agreed to invest at the Kundl/Schaftenau Campus in Austria with Sandoz GmbH BASF in April 2021. This partnership will be helpful in expanding the manufacturing units in the international boundaries
• In November 2020, DuPont Nutrition & Biosciences (DuPont) partnered with Food and Beverage platform and the Institute for the Future (IFTF) in November 2020. The collaboration of this organization is done in order to have innovative ways in the food and beverage market.

Segments covered in the report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

By Product

• Industrial Enzymes
  • Food & Beverages
  • Detergents
  • Animal Feed
  • Biofuels
  • Textiles
  • Pulp & Paper
  • Nutraceutical
  • Personal Care & Cosmetics
  • Wastewater
  • Others
• Specialty Enzymes
  • Pharmaceutical
  • Research & Biotechnology
  • Diagnostics
  • Biocatalyst

By Source

• Microorganisms
• Plant
• Animal

By Type

• Carbohydrases
• Amylases
• Cellulases
• Proteases
• Lipases
• Polymerases & Nucleases
• Other

By Source

• Plants
• Animals
• Microorganisms

By Application

• Food and Beverages
• Meat processing products
• Dairy products
• Beverages
• Bakery & confectionary
• Nutraceuticals
• Other Food & Beverages
• Laundry detergents
• Automatic dishwashing detergents
• Other Detergent Types

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa