USD 12.08 Billion
Enzymes Market Size, Share, and Growth Analysis
Enzymes Market By Product Type (Industrial Enzymes, Specialty Enzymes), By Source (Microorganisms, Animals), By Reaction Type (Hydrolases, Oxidoreductases), By Region -Industry Forecast 2025-2032
Report ID:
SQSG30I2034 |
Region:
Global |
Published Date: November, 2024
Pages:
165
|Tables:
66
|Figures:
75
Format -
Enzymes Market Insights
Enzymes Market size was valued at USD 12.08 Billion in 2023 and is poised to grow from USD 13.03 Billion in 2024 to USD 23.95 Billion by 2032, growing at a CAGR of 7.90% during the forecast period (2025-2032).
Rapid expansion of the food & beverage industry owing to high demand for convenience and packaged foods is slated to bolster the sales of enzymes going forward. High adoption of enzymes in drug formulation, diagnostics, and disease treatment applications is also forecasted to create new opportunities for market players in the future. Rising emphasis on sustainability and growing demand for biofuel production is also slated to favor enzymes market growth owing to vital role of enzymes in the biofuel production process. Moreover, increasing demand for industrial enzymes across various industry verticals and development of specialty enzymes are also slated to generate new opportunities in the long run. Contrastingly, high production costs, availability of synthetic alternatives, stability and storage issues, and limited awareness in emerging markets are forecasted to impede the adoption of enzymes across the study period and beyond. Providing plant-based and vegan enzymes is slated to be a key opportunity for companies as per the global enzymes market analysis.
US Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Solution
Fastest Growth
Services
Growth Rate
7.90% CAGR
Global Identity Verification Market ($ Bn)
Country Share by North America (%)
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Enzymes Market Segments Analysis
Global Enzymes Market is segmented into Source, Type, Reaction Type, Product Type & Application, and region. By Source, the market is classified into Microorganism, Plant, and Animal. Depending on the Type, it is categorized into Carbohydrases, Proteases, Lipases, Polymerases & Nucleases, and Other Enzymes. Based on Reaction Type, the market is segmented into Hydrolases, Oxidoreductases, Transferases, Lyases, and Other Reaction Types. Based on Product Type & Application, the market is segmented into Industrial Enzymes, and Specialty Enzymes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product Type
Industrial enzymes are forecasted to account for the highest global enzymes market share in the future. Extensive use of industrial enzymes across multiple industry verticals is contributing to the dominance of this segment going forward. Industries such as leather processing, detergent manufacturing, brewing, and food processing are expected to lead the sales of industrial enzymes over the coming years. Use of industrial enzymes can also help industries reduce waste and improve product quality and efficiency as well. Efforts to improve sustainability in multiple industry verticals is also estimated to favor sales of industrial enzymes in the long run.
Meanwhile, the demand for specialty enzymes is slated to rise at a phenomenal pace over the coming years. Specialty enzymes are specifically created for specific applications to enhance efficiency of production, improve product quality, and offer cost savings for companies. Pharmaceutical and healthcare industries are projected to spearhead the demand for specialty enzymes owing to high emphasis on controlling enzyme reactions. Growing investments in medical research and high demand for sustainable products is also slated to create new opportunities for specialty enzyme suppliers across the study period and beyond. Moreover, the need for better stability in enzymes is also pushing the production of specialty enzymes around the world.
Analysis by Source
Microorganisms segment is projected to account for a substantial share of the global enzymes industry. Extensive use of fungi-based enzymes across all industry verticals is helping this segment bring in the most revenue. Low costs of enzymes produced from microorganisms and quick production times are slated to help this segment account for a dominant share in the future. High consistency and stability offered by microorganism-based enzymes as compared to enzymes sources from plants or animals is also estimated to promote their adoption going forward. Use of genetic modification technologies to increase enzyme production in microorganisms is also slated to cement the high share of this segment through 2032.
On the other hand, the enzymes sourced from animals are expected to account for the second-largest global enzymes market share. Animal-based enzymes are extracted from the pancreas & stomach of certain animals such as swine and cattle. Chymotrypsin, Rennin, Bovine Serum Albumin (BSA), and Trypsin are some of the most popularly used animal-based enzymes around the world. Most animal-derived enzymes are used extensively as medical adjuvants to improve digestibility of foods in humans. However, expanding vegan population and rising preference for plant-based products are expected to hurt the adoption of animal-based enzymes in the long run.
Global Identity Verification Market By Component (%)
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Enzymes Market Regional Insights
North America is expected to secure the top spot in terms of the global enzymes market size going forward. Rapid adoption of advanced enzyme production technologies, high investments in medical R&D, and growing demand for packaged foods and beverages are slated to primarily drive the sales of enzymes in this region. High emphasis on incorporating natural taste and flavors in food and beverages is also estimated to create new opportunities for enzyme suppliers in North America. The United States and Canada are forecasted to emerge as the top markets for enzyme providers operating in this region.
The Asia-Pacific region is slated to emerge as the fastest expanding market for enzyme suppliers in the long run. Growing food and beverage manufacturing activity, rising use of enzymes in pharmaceutical and healthcare industry, and surging sales of dietary supplements are expected to boost the demand for enzymes in the long run. Rapid urbanization and industrialization are also slated to play a vital role in augmenting the sales of enzymes in the Asia Pacific. China, Japan, and India are slated to be highly opportune markets owing to rising food and beverage manufacturing in these countries. High consumption of bakery and dairy products is also slated to bolster the demand for enzymes in the long run.
Global Identity Verification Market By Geography
- Largest
- Fastest
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Enzymes Market Dynamics
Enzymes Market Drivers
Growing Expansion of the Food & Beverage Industry
-
Enzymes play a crucial role in the food and beverage industry, which is why expansion of this industry is slated to favor the global enzymes market outlook as well. Surging demand for processed and convenience foods around the world is projected to be a key factor promoting the expansion of the food & beverage industry.
Use in Biofuel Production
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Growing emphasis on sustainability and efforts to eliminate the use of fossil fuels have bolstered the demand for biofuels. Enzymes play a vital role in biofuel production by breaking down biomass into fermentable sugars. Hence, growing emphasis on renewable energy and sustainability is slated to bolster the sales of enzymes as well.
Enzymes Market Restraints
High Production Costs
-
Production of enzymes involves the use of complex biotechnologies and processes that are subject to extensive investments in research and development. These high costs of enzyme production are estimated to limit their adoption and act as a barrier for entry of new companies in the global enzymes industry.
Stability and Storage Issues
-
Enzymes are highly sensitive to environmental conditions, such as temperature and pH, which can alter their efficacy during storage and transport applications. This creates issues for enzyme companies and pushes them to invest in the development of infrastructure for storage and transportation of enzymes thereby adding up to the overall cost of enzyme usage.
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Enzymes Market Competitive Landscape
Enzyme manufacturers should focus on making their production more affordable to improve their sales potential and profitability. Targeting countries with high demand for packaged and convenience food products is slated to offer new opportunities for enzyme suppliers going forward. Providing plant-based and vegan enzymes can also help market players enhance their business potential in the long run.
Top Players in Enzymes Market
- 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.
Enzymes market Recent Development
- In November 2024, IFF, a leading American supplier of enzyme and other ingredients announced the launch of an advanced enzymatic texturizing solution. TEXSTAR is intended to improve the texture and viscosity for dairy and plant-based fresh fermented products and also help in reducing emissions.
- In November 2024, Biocatalysts Ltd., a renowned provider of enzymes based in the United Kingdom launched a new range of enzymes for plant-based food manufacturers. The PlantPro enzyme range can be used to create high-quality plant-based beverages, plant-based meat, and plant-based cheese substitutes.
- In May 2024, Bionetix® International, a Canadian company providing biological solutions and products announced the launch of a new line of enzyme concentrates. ECL3000™ is a high-efficiency cellulase enzyme designed for use in multiple applications ranging from food processing to biofuel production.
Enzymes Key Market Trends
- Focusing on Vegan and Plant-based Enzymes: Enzyme companies can focus on providing vegan and plant-based enzymes to capitalize on the veganism trend that is gaining popularity around the world. Evolving dietary preference of people and increasing inclination towards plant-based products are estimated to make this a highly opportune enzymes market trend for the future.
- Use in Biotechnology and Genetic Engineering: Enzymes play a vital role in biotechnology and genetic engineering applications. Enzymes companies can focus on offering enzymes for DNA manipulation, gene editing, and protein synthesis applications to diversify their business scope and bring in more revenue for market players in the long run.
Enzymes Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid expansion of the food & beverage industry and use of enzymes in biofuel production are key factors promoting the demand for enzymes. However, storage and stability issues and high production costs are expected to hamper sales of enzymes in the future. North America is estimated to emerge as the top consumer of enzymes owing to high demand for packaged and convenience food products in countries such as the United States and Canada. Development of plant-based enzymes and use of enzymes in biotechnology are slated to offer new business scope for enzyme providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.08 Billion |
| Market size value in 2032 | USD 23.95 Billion |
| Growth Rate | 7.90% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Enzymes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Enzymes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Enzymes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enzymes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enzymes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enzymes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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