Enzymes Market Report, By Type (Carbohydrates, Proteases, Lipases, Polymerases, Nucleases), Application (Food & Beverage, Animal Feed, Detergent, Pharmaceutical) and Geography- Global Market Share, Trend Analysis & Forecast

Enzymes are live molecules, mostly proteins that drastically increase the rate of virtually all of the chemical reactions that occur within the cells. They are important and provide an extensive range of principal functions in the body, such as helping in digestion and metabolism.

Enzymes are extremely selective catalysts, which means that each enzyme only speeds up a precise reaction. One such enzyme is amylase which is formed in the salivary glands, pancreas, and small intestine. A type of amylase, called ptyalin, is made in the salivary glands and starts to act on starches while food is still in the mouth and is active even after the food is swallowed.

Pancreatic amylase is built in the pancreas and distributed to the small intestine. It remains to break down starch molecules to sugars, which are eventually absorbed into glucose by other enzymes. This is then digested into the body’s blood circulation through the wall of the small intestine. 

Market Dynamics- Global Enzymes Market

Growing consumer preferences towards packaged and processed owing to the mounting awareness regarding food safety is likely to push the market for enzymes over the forecast period. Moreover, quick saturation of systemized retail in the untapped rural & urban areas is likely to open doors for the enzymes market during the estimated time frame.

Nevertheless, some aspects such as handling & safety issues of enzymes and high sensitivity of enzymes to temperature & pH is anticipated to hinder the market growth. Conversely, increase in awareness about the application of enzymes in protein engineering technology and high market potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the market expansion.

Major Developments:

In September 2019, DuPont launched POWERPasta range of enzymes that helps maintain the eating, cooking and serving qualities. This range of enzymes also helps to reduce sickness after cooking, prevent overcooking and improve the shape and appearance of pasta.

Similarly, Creative Enzymes, a cutting-edge enzymes product and service provider based in NY, USA, in 2019 announced the launch of several enzymes products to help clients with the increasing needs in diverse enzymes, and the newly-developed product ranges include cellulase, chitinase, and lipase  

Enzymes Market Segmental Overview

The study analyses Global Enzymes market based on product, application and geography. The major sources of Enzymes include oilseeds, cereals and plant resins. 

• The major enzyme products include carbohydrates, proteases, lipases, polymerases and nucleases. Advanced developments in enzyme designing is relied upon to push the carbohydrates market development. Nevertheless, the inadequacy of carbohydrates to work under controlled pH and temperature may hinder the market growth.
• The market for proteases is likely to be growing significantly over the estimated timeframe owing to its rising application in pharmaceutical industry. Besides, increasing awareness regarding to declining nourishment levels has fueled the consumption of protein which is likely to increase the demand for protease from the food & beverage industry.
• The market finds major application in food & beverage, animal feed, detergents, pharmaceuticals etc. Food & beverage sector is likely to dominate the market owing to the increase in the disposable income of individuals and shifting consumer trends towards high nutritious intake. However, the demand for enzymes from the pharmaceutical industry is likely to be growing steadily over the years to come.

Enzymes Market by Geography

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America enzymes market is likely to dominate the market over the forecast period mainly due to rising demand from the food and beverage industry. Mounting awareness among population concerning their personal and family health in together with high consumer preference towards processed foods will aid the demand growth. Moreover, growing applications in nutraceutical investments in has led to a substantial growth in the pharma sector.

However, the Asia Pacific market for enzymes is likely to be the fastest growing market led by China, India, Japan, and South Korea ad are likely to contribute significantly during the forecast period. Ease of trading across international borders in the region will positively impact the industry growth through the forecast timeframe. Expansion of pharmaceuticals and detergents industry is a key factor that will stimulate the regional growth.  

Global Enzymes Market-Key Players

The major key players included in this market are DSM, Novozymes, Danisco, DuPont, BASF, Advanced Enzymes, Enmex, Lonza Group, AB Enzymes, Chr. Hansen, Roche and ADM among others.