Enzymes Market Size - By Product (Proteases, Lipases, Carbohydrases, Polymerases & Nucleases, Phytases, Catalyses), Application (Food & Beverage, Processed Food, Dairy, Bakery, Confectionary) & Forecast, 2023

Description

The global enzymes market is expected to expand at a CAGR of 6.8% during 2023-2032, driven by major advancements in biotechnology, increased demand for sustainable solutions, and diverse application in various industries.

According to the Economist Intelligence Unit, in the last five years, global online searches for sustainable goods surged by 71% and a McKinsey & Co. survey revealed that 66% of respondents, with 75% of millennials, prioritize sustainability in their purchasing decisions, clearly expressing consumer preference.

Enzymes, as inherently sustainable biocatalysts, have garnered substantial attention across industries seeking alternatives to traditional chemical processes and sustainable solutions. Their ability to facilitate green, energy-efficient, and environmentally positive reactions aligns with the heightened emphasis on sustainability. Moreover, industries like agriculture and manufacturing, are recognizing the potential of enzymes to reduce the ecological footprint, boosting the product demand.

The global enzymes market is classified based on product, application, and region.

The lipases product segment is poised for significant growth through 2032, fuelled by its indispensable role in lipid metabolism and diverse applications. Lipases, essential enzymes, contribute to various processes spanning the food industry, enhancing both flavor and texture. They are also used in biodiesel production and pharmaceuticals, showcasing their versatility. The heightened demand for sustainable practices and green alternatives further amplify the significance of lipases, as they facilitate eco-friendly processes.

The bakery application segment is expected to witness steady growth during the forecast period owing to the ability of enzymes to influence dough development, improve texture, and extend shelf life. The growing demand for clean label products is pushing the development of innovative enzyme solutions. They not only cater to enhancing the quality and freshness of baked goods but meet the wider consumer preference.

North America enzymes industry size is anticipated to register robust growth through 2032 driven by the region's demand for enzymes, advancements in biotechnology, a strong presence of key players, and a growing awareness of sustainable practices. The enzymes have extensive applications in industries such as food & beverage, biofuel production, and pharmaceuticals. This, along with the related R&D activities further propel the regional market growth.

Product Code: 743

Chapter 1 Methodology & Scope

1.1 Methodology
- 1.1.1 Initial data exploration
- 1.1.2 Statistical model and forecast
- 1.1.3 Industry insights and validation
- 1.1.4 Definitions & assumptions
- 1.1.5 Assumptions, scope & forecast parameters
1.2 Data Sources
- 1.2.1 Secondary
- 1.2.2 Primary

Chapter 2 Executive Summary

2.1 Enzymes industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Product trends
2.4 Application trends
2.5 Regional trends

Chapter 3 Enzymes Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2032
3.3 Industry ecosystem analysis
- 3.3.1 Distribution channel analysis
- 3.3.2 Profit margin trends
- 3.3.3 Vendor matrix
3.4 Industry impact forces
- 3.4.1 Growth drivers
  - 3.4.1.1 Rising demand from the animal feed industry
  - 3.4.1.2 Increasing application scope in biofuels and pulp & paper industry
  - 3.4.1.3 Penetration in enzyme engineering
- 3.4.2 Industry pitfalls & challenges
  - 3.4.2.1 Lack of standardized regulatory guidelines
3.5 Enzymes that work on specific industry
3.6 Concentration and primary purification of enzymes
- 3.6.1 Some of the essential features determining the choice of enzymes
- 3.6.2 Techniques used in concentration and purification of enzymes
3.7 Growth potential analysis, 2022
3.8 Regulatory landscape
- 3.8.1 U.S.
  - 3.8.1.1 Guidelines
    - 3.8.1.1.1 Identity
    - 3.8.1.1.2 Composition of the enzyme preparation
    - 3.8.1.1.3 Manufacturing Process
    - 3.8.1.1.4 Specifications for Identity and Purity
  - 3.8.1.2 CFR - Code of Federal Regulations Title 21 - Food and Drug Administration (FDA)
- 3.8.2 Europe
  - 3.8.2.1 Regulation (EC) No 1331/2008 (OJ L 354, p1, 31/ 12/2008)
  - 3.8.2.2 Commission Regulation (EU) No 234/2011
  - 3.8.2.3 Other laws regulating food additives in the EU
- 3.8.3 China
  - 3.8.3.1 National Food Safety Standard for Food Additive Use (GB2760-2014)
    - 3.8.3.1.1 Appendix A: Provisions for the Use of Food Additives
    - 3.8.3.1.2 Appendix B: Provisions for the Use of Food Flavoring Substances:
    - 3.8.3.1.3 Appendix C: Provisions for the Use of Food Processing Aids.
    - 3.8.3.1.4 Appendix D: Additives functions.
    - 3.8.3.1.5 Appendix E: Food category system.
3.9 Technology & innovation landscape
- 3.9.1 Solid surface fermentation
- 3.9.2 Submerged Culture method (CSTR)
3.10 Pricing analysis
- 3.10.1 Regional pricing
3.11 Raw material trends
3.12 Porter's analysis
3.13 Competitive landscape, 2022
- 3.13.1 Market share analysis, 2022
- 3.13.2 Patents & licensing
- 3.13.3 Strategy dashboard
- 3.13.4 Key stakeholders
- 3.13.5 Enzyme production plants, by countries
- 3.13.6 R&D scenario of enzymes
- 3.13.7 Country wise details of key dealers and agents in enzymes industry
  - 3.13.7.1 North America
    - 3.13.7.1.1 U.S.
    - 3.13.7.1.2 Canada
  - 3.13.7.2 Europe
    - 3.13.7.2.1 Germany
    - 3.13.7.2.2 UK
    - 3.13.7.2.3 France
    - 3.13.7.2.4 Italy
    - 3.13.7.2.5 Sweden
    - 3.13.7.2.6 Austria
    - 3.13.7.2.7 Poland
    - 3.13.7.2.8 Russia
    - 3.13.7.2.9 Spain
  - 3.13.7.3 Asia Pacific
    - 3.13.7.3.1 China
    - 3.13.7.3.2 India
    - 3.13.7.3.3 Japan
    - 3.13.7.3.4 South Korea
    - 3.13.7.3.5 Indonesia
    - 3.13.7.3.6 Thailand
    - 3.13.7.3.7 Malaysia
    - 3.13.7.3.8 Australia
  - 3.13.7.4 Latin America
    - 3.13.7.4.1 Brazil
    - 3.13.7.4.2 Argentina
    - 3.13.7.4.3 Mexico
  - 3.13.7.5 MEA
    - 3.13.7.5.1 South Africa
    - 3.13.7.5.2 UAE
    - 3.13.7.5.3 Saudi Arabia
    - 3.13.7.5.4 Kuwait
    - 3.13.7.5.5 Egypt
3.14 PESTEL analysis
3.15 Formulation of each enzyme type