What is the global market size of Enzymes Market?

Enzymes Market size was valued at USD 11.47 billion in 2021 and is poised to grow from USD 12.28 billion in 2022 to USD 20.31 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Enzymes Market?

Key players in the global enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'Novozymes', 'DSM', 'BASF SE', 'DowDuPont Inc.', 'Chr. Hansen Holding A/S', 'Kerry Group plc', 'Roche Holding AG', 'Amano Enzyme Inc.', 'Advanced Enzyme Technologies Ltd.', 'AB Enzymes GmbH', 'Enzyme Development Corporation', 'Specialty Enzymes & Biotechnologies Co.', 'Biovet Private Limited', 'Biocatalysts Ltd.', 'Creative Enzymes', 'Dyadic International Inc.', 'Lumis Biotech Pvt. Ltd.', 'Megazyme International Ireland Ltd.', 'Nagase America LLC', 'Nutriteck Inc.'

Enzymes Market Size, Share, Growth Analysis, By Source (Microorganism, Plant), By Type (Carbohydrases, Proteases), By Reaction Type (Hydrolases, Oxidoreductases), By Product Type & Application (Industrial Enzymes, Specialty Enzymes), By Region -Industry Forecast 2024-2031.

Report ID: SQSG30I2034 | Region: Global | Published Date: November, 2024
Pages: 165 | Tables: 66 | Figures: 75

Enzymes Market Dynamics

Enzymes market Driver

The rising prevalence of chronic diseases will drive market growth

Digestive enzymes are in high demand because they aid in the treatment of pancreatic and gastrointestinal illnesses. Furthermore, the rising prevalence of intestinal disorders, as well as pancreatic operations, will drive growth in the approaching years. Furthermore, the widespread availability of over-the-counter medications is expected to boost global enzymes market growth.

Enzymes market Restraint

Innovative technological platforms

Many small-scale manufacturers compete with market leaders in terms of the application specificity of the food enzymes generated in the worldwide food enzymes market. This, in turn, is determined by the quality of manufacturing strain created by manufacturers. Various technology licensors enable small-scale manufacturers to build programmable enzymes that can then be scaled up to produce big numbers. Dyadic International Inc. (US) is one such licensor, allowing smaller firms to create large volumes of high-mobility food enzymes on-site using its C1 platform technology.

Enzymes Market Report Snapshots

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Global Enzymes Market size was valued at USD 11.2 billion in 2022 and is poised to grow from USD 12.08 billion in 2023 to USD 22.20 billion by 2031, growing at a CAGR of 7.90% during the forecast period (2024-2031).

Key players in the global enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'BASF SE', 'International Flavors & Fragrances Inc.', 'Associated British Foods Plc', 'DSM-Firmenich', 'Kerry Group Plc', 'Dyadic International Inc.', 'Advanced Enzyme Technologies', 'Aumgene Biosciences', 'Amano Enzyme Inc.', 'Codexis, Inc.', 'Sanofi', 'Merck KGAA', 'Adisseo', 'Creative Enzymes', 'Enzyme Solutions', 'Enzymatic Deinking Technologies, Llc', 'Tex Biosciences (P) Ltd.', 'Denykem', 'Metgen', 'Biovet S.A.'

The rising prevalence of chronic diseases will drive market growth

The use of digestive enzymes in sports nutrition is projected to grow in importance as athletes, athletes, bodybuilders, and patients consume these items as a dietary supplement. Furthermore, the expanding number of fitness facilities, gymnasiums, and health clubs, together with rising health consciousness, is expected to drive expansion.

In 2021, the North America region dominated the industry, accounting for more than 37.50% of worldwide revenue. This is due to the presence of different end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceuticals industries, as well as the region's major countries' considerable scope for R&D operations. Because of rising meat output, particularly in China, the Asia Pacific region is expected to increase at the highest CAGR from 2022 to 2028. Protease and carbohydrase demand is increasing dramatically across the country due to increased demand from the pharmaceutical and food and beverage industries.

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Enzymes Market Size, Share, Growth Analysis, By Source (Microorganism, Plant), By Type (Carbohydrases, Proteases), By Reaction Type (Hydrolases, Oxidoreductases), By Product Type & Application (Industrial Enzymes, Specialty Enzymes), By Region -Industry Forecast 2024-2031.

Enzymes Market Dynamics

Enzymes Market Report Snapshots

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What is the global market size of Enzymes Market?

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