The global enzymes market is expected to exhibit strong growth, reaching USD 17.2 billion by 2028. As per the report titled "Enzymes Market Size, Share & COVID-19 Impact Analysis, By Product Type (Industrial Enzymes and Specialty Enzymes), By Source (Supermarkets & Hypermarkets, Convenience Stores, Online and Others), By Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases and Other Enzymes), By Reaction Type (Hydrolases, Oxidoreducatses, Transferases, Lyase and Others), By Application (Industrial Enzymes (Food & Beverage, Bioethanol, Textiles & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed, Other Application) and Specialty Enzymes (Pharmaceuticals, Research & Biotechnology, Diagnostics, Biocatalysts) and Regional Forecasts, 2022-2028" observes that the market size in 2021 stood at USD 11.8 billion and USD 17.2 billion in 2028. The market is expected to exhibit a CAGR of 6.50% during the forecast period.
DuPont Nutrition & Biosciences (DuPont) Established a New Collaboration Between its Food and Beverage Platforms
In November 2020, the organization of the leading future in the world, the Institute for the Future (IFTF), and DuPont Nutrition & Biosciences (DuPont) entered into a new relationship. The partnership aims to promote visionary food and beverage innovation that foresees changes in consumer demand.
Carbohydrases are in High Demand, which is Driving the Market
Due to their widespread use in various applications, including industrial processes and particularly in the food and beverage industry, carbohydrates are in high demand on the market. Nowadays, carbohydrates can be used to make isomaltulose, sugar syrups like fructose, glucose, and inverted sugar syrups, as well as a variety of prebiotics like galactooligosaccharides and fructooligosaccharides. In order to improve the sensory qualities of wines and juices and reduce the lactose in milk, carbohydrate alternatives are used as sweeteners, such as sucrose. Additionally, a subclass of carbohydrates known as amylases catalyzes the breakdown of starch into sugars.
Growing Worry that Problems with Enzymes will Stifle Market Growth
The main obstacles to the expansion of the enzymes market are the rising concerns about quality, safety, and consumer perception of enzymes. Additionally, throughout the projected period, the enzymes market would see significant growth restrictions due to the rigorous controlling framework and absence of defined regulatory requirements.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the enzymes market plan acquisitions to improve their brand recognition globally. For instance, in June 2021, the DSM-Novozymes cooperation introduced ProAct 360, a protease for chicken, to increase the feed's cost-effectiveness, effectiveness, and sustainability.
Notable Industry Development
DuPont Nutrition & Biosciences (DuPont) Established a New Collaboration Between its Food and Beverage Platforms
In November 2020, the organization of the leading future in the world, the Institute for the Future (IFTF), and DuPont Nutrition & Biosciences (DuPont) entered into a new relationship. The partnership aims to promote visionary food and beverage innovation that foresees changes in consumer demand.
Carbohydrases are in High Demand, which is Driving the Market
Due to their widespread use in various applications, including industrial processes and particularly in the food and beverage industry, carbohydrates are in high demand on the market. Nowadays, carbohydrates can be used to make isomaltulose, sugar syrups like fructose, glucose, and inverted sugar syrups, as well as a variety of prebiotics like galactooligosaccharides and fructooligosaccharides. In order to improve the sensory qualities of wines and juices and reduce the lactose in milk, carbohydrate alternatives are used as sweeteners, such as sucrose. Additionally, a subclass of carbohydrates known as amylases catalyzes the breakdown of starch into sugars.
Growing Worry that Problems with Enzymes will Stifle Market Growth
The main obstacles to the expansion of the enzymes market are the rising concerns about quality, safety, and consumer perception of enzymes. Additionally, throughout the projected period, the enzymes market would see significant growth restrictions due to the rigorous controlling framework and absence of defined regulatory requirements.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the enzymes market plan acquisitions to improve their brand recognition globally. For instance, in June 2021, the DSM-Novozymes cooperation introduced ProAct 360, a protease for chicken, to increase the feed's cost-effectiveness, effectiveness, and sustainability.
Notable Industry Development
- December 2021: Codexis unveiled Codex HiTemp Reverse Transcriptase in December 2021. This enzyme's robustness and increased thermostability have been specifically refined and engineered to address known difficulties in handling clinical samples.
List of Key Players Profiled in the Report
- AB ENZYMES GmbH
- Advanced Enzyme Technologies Ltd
- AMANO ENZYME INC.
- BASF SE, Codexis, Inc.
- DUPONT DE NEMOURS, INC.
- F. HOFFMANN-LA ROCHE LTD.
- Koninklijke DSM N.V.
- NOVOZYMES A/S
- THERMO FISHER SCIENTIFIC INC. (AFFYMETRIX, INC.)
Further Report Findings
- The market in the North America is expected to gain a huge portion of the global enzymes market share in the coming years because there are more end-user industries in this region than in other growing economies and because there is a lot of room for R&D activity.
- The United States leads the global market for industrial enzymes. The nation has the greatest revenue share globally due mostly to the production of beverages and biofuels.
- In Europe, the growth in this region is primarily driven by the region's evolving preference for encouraging the production of biofuels while reducing greenhouse gas emissions.
| Attributes | Details |
| Study Period | 2016-2030 |
| Base Year | 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2023-2030 |
| Historical Period | 2016-2020 |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Product Type, By Source, By Type, By Reaction Type, By Application and By Geography |
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