Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "Global Enzymes Market by Product Type (Industrial enzymes and Specialty Enzymes), Source (Microorganism, Plant, and Animal), Type, Industrial Enzyme Application, Specialty Enzymes Application and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The enzymes market is projected to reach USD 16.9 Billion by 2027, growing at a CAGR of 6.8% from 2022 to 2027.
With the increasing use of enzymes as chemical substitutes, particularly in food and beverage and pharmaceutical applications, the market for industrial and specialty enzymes have experienced significant growth.
Moreover, the players in the market are also expanding their production facilities and launching new products to cater the growing market demand.
Carbohydrases Enzymes are estimated to have high demand in type segment
Carbohydrases dominated the market for enzymes, by type, in terms of value, in 2022. The usage of enzymes is on surge, due to the applications in varied sectors such as food & beverages, bioethanol, paper & pulp, textiles & leather, pharmaceutical, and research & biotechnology.
The usage of enzymes helps in higher product quality, lower manufacturing cost, and less waste, and reduced energy consumption. They are often being used as an alternative to mitigate the usage of chemicals in various applications. These benefits of enzymes are contributing as a driving factor to boost the usage of enzymes in the various applications globally.
Asia Pacific is projected to witness the growth of 7.85% during the forecast period in the enzymes market
The enzymes market in the Asia Pacific region is growing at a CAGR of 7.85%. With the presence of leading companies such as Advanced Enzymes (India), Amano Enzyme (Japan), Aumgene Biosciences (India) and emerging startups such as Noor Enzymes (India), Synkromax Biotech Pvt. Ltd. (India) and Jiangsu Boli Bioproducts Co., Ltd (China) in the region, the supplier market is thriving.
In addition, application of industrial enzymes in the textiles & leather industry has caused a stir in the demand. With this sector becoming one of the important industries in the Asia Pacific region, owing to changes in technological innovations in machinery and globalization of business, the demand for enzymes is expected to rise.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Enzymes Market Overview
4.2 Enzymes Market: Shares of Major Regional Submarkets
4.3 Asia-Pacific: Enzymes Market, by Product Type & Country
4.4 Enzymes Market, by Type & Region
4.5 Enzymes Market, by Product Type
4.6 Enzymes Market, by Source
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Environmental Concerns and Increasing Demand for Biofuel
5.2.1.2 Advancements in R&D Activities for Technical Enzymes
5.2.1.3 Advancements in Enzyme Engineering & Green Chemistry
5.2.1.4 Multifunctionalities of Enzymes
5.2.2 Restraints
5.2.2.1 Stringent Regulatory Framework
5.2.3 Opportunities
5.2.3.1 Demand for Alternatives to Synthetic Chemicals
5.2.4 Challenges
5.2.4.1 Concerns Over Quality & Safety and Consumer Perception Toward Enzymes
6 Industry Trends
6.1 Introduction
6.2 Trends Impacting Customers' Businesses
6.3 Value Chain
6.4 Trade Analysis
6.5 Technology Analysis
6.5.1 Enzyme Engineering
6.5.2 Use of Agro-Industrial Waste in Enzyme Manufacturing
6.6 Patent Analysis
6.7 Ecosystem Map
6.8 Porter's Five Forces Analysis
6.8.1 Competitive Rivalry
6.8.2 Bargaining Power of Suppliers
6.8.3 Bargaining Power of Buyers
6.8.4 Threat of Substitutes
6.8.5 Threat of New Entrants
6.9 Pricing Analysis
6.9.1 Average Selling Price Trend Analysis
6.10 Case Studies
6.10.1 Process Optimization in Enzyme Production
6.11 Regulatory Framework
6.12 Key Stakeholders and Buying Criteria
6.13 Key Conferences & Events, 2022-2023
7 Enzymes Market, by Product Type
7.1 Introduction
7.2 Industrial Enzymes
7.2.1 Growth in Food & Feed Processing Industries to Drive Market
7.3 Specialty Enzymes
7.3.1 Rising Clinical in Vitro Diagnostic Industry to Fuel Growth
8 Enzymes Market, by Source
8.1 Introduction
8.2 Microorganism
8.2.1 Huge Production in Lesser Time to Boost Industrial Usage of Microbial Enzymes
8.3 Plant
8.3.1 Plant-Based Enzymes Thrive Over Wide Range of Temperatures
8.4 Animal
8.4.1 Temperature Sensitivity to Discourage Industrial Use of Animal-Based Enzymes
9 Enzymes Market, by Type
9.1 Introduction
9.2 Carbohydrases
9.2.1 Amylases
9.2.1.1 Rising Use of Amylase due to Its Benefits in Food & Beverage and Textile Industries
9.2.2 Cellulases
9.2.2.1 Complex Nature to Boost Wide Industrial and Specialty Use
9.2.3 Other Carbohydrases
9.2.3.1 Use of Other Carbohydrases to Provide Stability in Various Industrial & Specialty Applications
9.3 Proteases
9.3.1 Competent Characteristics to Hydrolyze Proteins to Boost Industrial Use
9.4 Lipases
9.4.1 Commercializing Biofuel Production from Enzymatic Processes to Fuel Market
9.5 Polymerases & Nucleases
9.5.1 Polymerases & Nucleases Form Essential Part for All Nucleic Acid Processes
9.6 Other Enzymes
9.6.1 Functional Benefits in Various Industries to Drive Market
10 Enzymes Market, by Reaction Type
10.1 Introduction
10.2 Hydrolases
10.3 Oxidoreductases
10.4 Transferase
10.5 Lyase
10.6 Other Reaction Types
11 Industrial Enzymes Market, by Application
11.1 Introduction
11.2 Food & Beverages
11.2.1 Meat Processing
11.2.1.1 Enzymes Provide Tenderness to Meat Through Protein Modification
11.2.2 Dairy Products
11.2.2.1 Cheese Production and Flavoring to Ease Using Enzymes
11.2.3 Beverages
11.2.3.1 Enzymes to Mitigate Use of Pectin in Beverages by Improving Yield & Quality
11.2.4 Bakery & Confectionery Products
11.2.4.1 Enzyme Use to Increase Shelf-Life
11.2.5 Nutraceuticals
11.2.5.1 Usage of Enzymes as Digestive Aid
11.2.6 Other Food & Beverages
11.2.6.1 Usage of Enzymes to Augment Yield and Reduce Waste for Processed Fruits & Vegetables
11.3 Bioethanol
11.3.1 Enzymes as Biological Catalysts to Fuel Growth
11.4 Textiles & Leather
11.4.1 Less Chemical Discharge in Water and Improvement in Product Quality
11.5 Detergents
11.5.1 Laundry Detergents
11.5.1.1 Usage of Enzymes Associated with Reduced Time, Energy, and Water Consumption
11.5.2 Automatic Dishwashing Detergents
11.5.2.1 Enzyme Usage to Increase User-Friendliness by Lowering Alkalinity
11.5.3 Other Detergent Types
11.5.3.1 Enzymes Being Non-Skin Sensitizers to Boost Usage in Personal Cleaning
11.6 Paper & Pulp
11.6.1 Enzyme Usage to Increase Recycling of Paper
11.7 Wastewater Treatment
11.7.1 Enzymes Break Down Organic Wastes and Enhance Water Quality
11.8 Feed
11.8.1 Ruminant Feed
11.8.1.1 Inclusion of Enzymes to Improve Feed Efficiency Ratio for Beef Cattle
11.8.2 Swine Feed
11.8.2.1 Sow Feed Enzymes Ensure That Piglets are Born Healthy
11.8.3 Poultry Feed
11.8.3.1 Feed Enzymes to Improve Digestibility of Nutrients by Improving Gut Performance of Poultry
11.8.4 Aquafeed
11.8.4.1 Enzymes in Fish Feed Offer Environmental Benefits and Enable Use of Low-Cost Feedstuff
11.8.5 Other Feed
11.8.5.1 Enzymes in Other Feed Types Help Eliminate Need for Compensating Levels of Phosphorus
11.9 Other Applications
11.9.1 Enzymes Used in Cosmetics & Personal Care Products due to Their Biodegradable Nature
12 Specialty Enzymes Market, by Application
12.1 Introduction
12.2 Pharmaceuticals
12.2.1 Enzymes Act as Alternatives to Traditional Antibiotics
12.3 Research & Biotechnology
12.3.1 Use of Enzymes in Dna Sequencing to Reduce Cost of Sequencing Techniques
12.4 Diagnostics
12.4.1 Diagnosing Life-Threatening Diseases at Initial Stage to Drive Demand
12.5 Biocatalysts
12.5.1 Biocatalysis - a Promising Technology in Waste Material Treatment
13 Enzymes Market, by Region
14 Competitive Landscape
14.1 Overview
14.2 Market Share Analysis
14.3 Key Player Strategies/Right to Win
14.4 Revenue Analysis of Major Market Players
14.5 Market Evaluation Framework
14.5.1 Company Evaluation Quadrant (Key Players)
14.5.1.1 Stars
14.5.1.2 Emerging Leaders
14.5.1.3 Pervasive Players
14.5.1.4 Participants
14.5.1.5 Competitive Benchmarking
14.5.2 Start-Up Evaluation Quadrant
14.5.2.1 Progressive Companies
14.5.2.2 Starting Blocks
14.5.2.3 Responsive Companies
14.5.2.4 Dynamic Companies
14.6 Competitive Scenario
14.6.1 Product Launches
14.6.2 Deals
14.6.3 Other Developments
15 Company Profiles
15.1 Key Players
15.1.1 Basf
15.1.2 Dupont
15.1.3 Associated British Foods
15.1.4 Dsm
15.1.5 Novozymes
15.1.6 Kerry Group
15.1.7 Dyadic International, Inc.
15.1.8 Advanced Enzymes
15.1.9 Chr. Hansen
15.1.10 Aumgene Biosciences
15.1.11 Amano Enzyme
15.1.12 Roche Holding
15.1.13 Codexis
15.1.14 Sanofi
15.1.15 Merck KGaA
15.1.16 Enzyme Supplies
15.1.17 Creative Enzymes
15.1.18 Enzyme Solutions
15.1.19 Enzymatic Deinking Technologies
15.1.20 Biocatalysts
16 Adjacent and Related Markets
17 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/b4xlqc
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