Enzymes Market Statistics, Growth Drivers | Forecast - 2027
Ngày đăng: 01-11-2023 |
Ngày cập nhật: 01-11-2023
Enzymes Market Research, 2027
The global enzymes market was valued at $12.1 billion in 2022, and is projected to reach $16.9 billion by 2027, growing at a CAGR of 6.8% from 2022 to 2027. Enzymes are used in various industrial applications such as food & beverages, bioethanol, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, others (which include starch processing, cosmetics & personal care products, and oilfield & fine chemicals). Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts.
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Who are the Biggest Enzymes Manufacturers Worldwide?
By Product Type
What are the Factors Driving the Growth of the Enzymes Market?
The Asia Pacific region is projected to witness the fastest growth rate of 7.85% during the forecast period. Asia Pacific is the leading region in terms of sugar production and is projected to expand its production share by 2027 (OECD-FAO Agricultural Outlook 2018–2027). Owing to the large production of sugar, enzymes are often used to hydrolyze starch so as to enhance the sugar production process and improve the overall performance. Furthermore, the use of enzymes in the biofuel industry is expected to grow at a higher rate owing to the increase in bioethanol production and its usage in fueling automobiles and electricity and government support. The enzymes market in China, is projected to grow at a higher rate as China has advanced in adapting various new technologies for biotechnology and pharmaceutical-based research & developments. The usage of enzymes in specialty applications has been augmenting in China due to its versatile nature utilized in cell replacements and therapeutic treatments for various medical disorders & diseases. Thus, the expanding production facilities in the region and advancements in adopting technologies for biotech and pharmaceutical industry is boosting the growth of the market in the region.
The global enzymes market was valued at $12.1 billion in 2022, and is projected to reach $16.9 billion by 2027, growing at a CAGR of 6.8% from 2022 to 2027. Enzymes are used in various industrial applications such as food & beverages, bioethanol, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, others (which include starch processing, cosmetics & personal care products, and oilfield & fine chemicals). Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts.
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Who are the Biggest Enzymes Manufacturers Worldwide?
- Novozymes (Denmark)
- BASF (Germany)
- DuPont (US)
- DSM (Netherlands)
- Associated British Foods (UK)
- Merck (Germany)
- Chr. Hansen (Denmark)
- Kerry Group (Ireland)
By Product Type
- Industrial Enzyme
- Specialty Enzymes
- Microorganisms
- Plant
- Animal
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Other enzymes
- Hydrolases
- Oxidoreductases
- Transferases
- Lyase
- Others
- Food & Beverage
- Bioethanol
- Textiles & Leather
- Detergents
- Paper & Pulp
- Wastewater Treatment
- Feed
- Other Applications
What are the Factors Driving the Growth of the Enzymes Market?
- Increasing Demand in Food and Beverage Industry: Enzymes play a crucial role in food processing, aiding in tasks such as fermentation, baking, and dairy production. As consumer preferences for natural and healthier food options rise, the demand for enzymes in this sector has grown.
- Growing Application in Biofuel Production: Enzymes are used in the production of biofuels like ethanol and biodiesel, as they can help break down biomass into fermentable sugars. With a growing emphasis on renewable energy sources, the biofuel industry has expanded, boosting the enzymes market.
- Advancements in Biotechnology: Advances in biotechnology have led to the development of new and improved enzymes for various applications. This has expanded the enzyme market's offerings and capabilities.
- Increased Use in Healthcare: Enzymes are used in diagnostic and therapeutic applications in the healthcare sector. Enzyme-based diagnostic tests, for example, are widely used for detecting various medical conditions.
- Environmental Concerns: Enzymes are considered environmentally friendly, as they reduce the need for harsh chemicals in industrial processes. This has led to increased adoption of enzymes in various industries to meet sustainability goals and reduce environmental impact.
The Asia Pacific region is projected to witness the fastest growth rate of 7.85% during the forecast period. Asia Pacific is the leading region in terms of sugar production and is projected to expand its production share by 2027 (OECD-FAO Agricultural Outlook 2018–2027). Owing to the large production of sugar, enzymes are often used to hydrolyze starch so as to enhance the sugar production process and improve the overall performance. Furthermore, the use of enzymes in the biofuel industry is expected to grow at a higher rate owing to the increase in bioethanol production and its usage in fueling automobiles and electricity and government support. The enzymes market in China, is projected to grow at a higher rate as China has advanced in adapting various new technologies for biotechnology and pharmaceutical-based research & developments. The usage of enzymes in specialty applications has been augmenting in China due to its versatile nature utilized in cell replacements and therapeutic treatments for various medical disorders & diseases. Thus, the expanding production facilities in the region and advancements in adopting technologies for biotech and pharmaceutical industry is boosting the growth of the market in the region.
