Global Enzymes Market to Grow at a CAGR of 6.70% During 2024-2032, Aided by the Increasing Demand for Enzymes in Various End-Use Industries

The global enzymes market growth is driven by the increasing demand for enzymes from various end use industries such as food and beverage, animal feed, home cleaning, biofuel, among others. Enzymes are vital biological catalysts that accelerate chemical reactions within organisms, influencing processes like digestion, DNA replication, and many others. Their specific characteristics dictate functions and interactions.

Amid a trend towards nutritious food, the demand for food enzymes, particularly to fortify several foods and enhance their nutritional value, has significantly increased in the food and beverage sector. Enzyme applications in bakery, brewing, and fruit juice production further drive global product demand. Increased consumer health awareness fuels the demand for enzymes in functional foods within the food and beverage industry.

Table: Global Food Products Exports by Major Countries, 2021

Innovative technologies are set to propel the global market for enzymes, driven by the adoption of eco-friendly solutions offering improved product attributes and performance. Enzymes are also being widely used in the bioenergy sector, especially to produce biofuels where enzymes like cellulases and amylases play a crucial role in breaking down biomass into fermentable sugars. With the growing demand for renewable energy sources, the use of enzymenes in biofuels production is expected to increase significantly.

Additionally, continuous innovation in enzyme technology is expected to positively impact the market growth in the coming years. Besides, enzyme-based drugs are utilised in treating chronic diseases such as cancer and AIDS, contributing to the market growth.

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Market Breakup by Type, Industry Type, Application, and Region:

• The market is segmented based on type into protease, amylase, lipase, and cellulase.

• Based on industry type, the market can be divided into industrial and special.

• On the basis of application, the market is categorised into cleaning product, food and beverage, biofuel production, and animal feed, among others.

• By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East And Africa.

Key Findings of the Report:

• The enzyme market is primarily led by the food and beverage sector, commanding a substantial share. This growth is fueled by rising demand for processed foods, growing awareness of healthy and nutritional diets, and advancements in enzyme technology.

• Enzymes are sourced from various sources like animal organs, microorganisms, and plants. Advanced technologies allow manufacturers to select hosts like transgenic microorganisms or plants. Leading companies utilise microorganisms such as fungi, yeast, and bacteria for enzyme production at scale.

• The market is expected to grow substantially, propelled by industry-wide applications and technological advancements. The market is expected to benefit from the growing use in  biofuel production.

• Increased demand in brewing, bakery, and fruit juice production positively influences the market growth. Enzymes are crucial for improving fruit quality and yield in juice formulation and maintaining wine clarity and flavour during processing.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for enzymes for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, industry type, application, and region of the enzymes market

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global enzymes market are Koninklijke DSM N.V., Amano Enzyme Inc., Advanced Enzyme Technologies, AB Enzymes GmbH, Novozymes A/S, MetGen Oy. Cooperation, Aum Enzymes, F. Hoffmann-La Roche Ltd, BASF SE, ABF Ingredients Limited, Codexis, Inc., Creative Enzymes, Chr. Hansen Holding A/S, Enzyme Solutions, Inc., and International Flavors & Fragrances Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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