What is the global market size of Enzymes Market?

Enzymes Market size was valued at USD 11.47 billion in 2019 and is poised to grow from USD 12.28 billion in 2023 to USD 20.31 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

Who are the key vendors in the Global Enzymes Market?

Key players in the global enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'Novozymes', 'DSM', 'BASF SE', 'DowDuPont Inc.', 'Chr. Hansen Holding A/S', 'Kerry Group plc', 'Roche Holding AG', 'Amano Enzyme Inc.', 'Advanced Enzyme Technologies Ltd.', 'AB Enzymes GmbH', 'Enzyme Development Corporation', 'Specialty Enzymes & Biotechnologies Co.', 'Biovet Private Limited', 'Biocatalysts Ltd.', 'Creative Enzymes', 'Dyadic International Inc.', 'Lumis Biotech Pvt. Ltd.', 'Megazyme International Ireland Ltd.', 'Nagase America LLC', 'Nutriteck Inc.'

What is the key driver of Global Enzymes Market?

The rising prevalence of chronic diseases will drive market growth

What is the key market trend for Global Enzymes Market?

The use of digestive enzymes in sports nutrition is projected to grow in importance as athletes, athletes, bodybuilders, and patients consume these items as a dietary supplement. Furthermore, the expanding number of fitness facilities, gymnasiums, and health clubs, together with rising health consciousness, is expected to drive expansion.

Which region accounted for the largest share in Global Enzymes Market?

In 2021, the North America region dominated the industry, accounting for more than 37.50% of worldwide revenue. This is due to the presence of different end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceuticals industries, as well as the region's major countries' considerable scope for R&D operations. Because of rising meat output, particularly in China, the Asia Pacific region is expected to increase at the highest CAGR from 2022 to 2028. Protease and carbohydrase demand is increasing dramatically across the country due to increased demand from the pharmaceutical and food and beverage industries.

Top Enzymes Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Enzymes Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Enzymes industry players.

Enzymes Market Competitive Landscape

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 Market Report Snapshots

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FAQs

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).

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. '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.'

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.

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.

Top Enzymes Companies

Enzymes Market Competitive Landscape

Top Players in Enzymes Market

Enzymes market Recent Development

Enzymes Market Report Snapshots

FAQs

What is the global market size of Enzymes Market?

Who are the key vendors in the Enzymes Market?

What is the key driver of Enzymes Market?

What is the key market trend for Enzymes Market?

Which region accounted for the largest share in Enzymes Market?

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