The global enzymes market was worth USD 11.47 billion in 2021 and is expected to increase at a compound annual growth rate (CAGR) of 6.5% between 2022 and 2028.
The study includes projections and analyses for the global and regional Enzymes Market. The report includes historical data from 2018 to 2021, as well as a prediction from 2022 to 2028 based on volume and income. The analysis examines the enzymes market’s drivers and restraints, as well as the impact they have on demand during the projection period. In addition, the report examines prospects and key trends in the enzymes market on a worldwide and regional scale.
Enzymes are biological molecules or proteins that significantly shorten the response time of practically all chemical reactions that occur within cells. They may be capable of acting as biological catalysts. They are required for life and carry out a wide range of important functions in the body, including respiration, digestion, muscle and neuron activity, and thousands of other jobs. Enzymes help to break down bigger complex substances like glucose into smaller ones that the body can use as fuel. Amino acid-based enzymes, according to the National Center for Biotechnology Information (NCBI), are globular proteins with a size range of less than 100 to over 2000 amino acid residues.
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Enzyme demand has increased due to advancements in enzyme engineering and green chemistry, as well as the introduction of genetics. Rapidly increasing environmental issues and biofuel requirements, advances in technical enzyme R&D, rising global populations, increasing demand from the animal feed industry, penetration in enzyme engineering, increasing customer awareness of improved food quality, and expanding application scope in biofuels and the pulp and paper industry are all expected to be major growth drivers driving the market growth. The rising demand for enzymes in the pharmaceutical industry to synthesize intermediates in API development for effective medications is likely to boost the Enzymes Market growth.
The growing demand for effective cosmetics and pharmaceutical goods, as well as the rising demand for functional food and drinks, are driving the worldwide enzymes market. Furthermore, the increased use of enzyme-based approaches for the identification and treatment of numerous chronic diseases is expected to drive the growth of the enzyme market. Furthermore, the increasing use of enzymes in the food and beverage and paper and pulp industries is likely to fuel enzyme market growth in the coming years.
The enzyme market is segmented by product type, source, reaction type, application, and end-user. Polymerase and nucleases, protease, carbohydrase, lipase, and other enzymes are included in the product type category. The carbohydrate category dominated the worldwide enzymes market, accounting for over 48% of the market. The carbohydrase enzyme is commonly employed in the food processing sector to produce sugar syrup. According to the source, the market is divided into three categories: microbes, plants, and animals.
The reaction type segmentation includes hydrolase, oxidoreductase, transferase, lyase, and others General cargo held the biggest market share in 2021 and is predicted to increase significantly over the forecast period. Household care, pharmaceutical and biotechnology, food and drinks, bioenergy, feed, and other applications are included in the application segmentation. Because of the increasing use of enzymes in the manufacturing process of generic pharmaceuticals, the pharmaceutical segment is expected to dominate the worldwide enzymes market.
The global enzymes market was led by North America. Because of the increasing use of enzymes in diagnostic and pharmaceutical applications, the United States is expected to be the dominant nation in North America. Furthermore, producers in North America are focusing on increasing enzyme production capacity in response to rising demand in a variety of end-user industries.
Amano Enzyme Inc., AB Enzyme, Agilent Technologies, Novozyme A/S, BioVision Inc., ENMEX, Bioline, F. Hoffmann-La Roche AG, Fapon Biotech Inc., Lucigen, DowDuPont Inc., New England Biolabs, DNA Polymerase Technology, Inc., and Biorbyt Ltd. are among the prominent competitors in the worldwide enzymes market.
By Product Type
Carbohydrase
Protease
Lipase
Polymerase & Nucleases
Others
By Source
Microorganisms
Plants
Animals
By Reaction Type
Hydrolase
Oxidoreductase
Transferase
Lyase
Others
By Application
Food & Beverages
Household Care
Bioenergy
Pharmaceutical and Biotechnology
Feed
Others
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