The global enzyme market is anticipated to grow at a CAGR of 6.8% during the forecast period. Enzymes are substances that help speed up the chemical reactions in living organisms. They are essential for liver function, digestion, and other applications and are derived from the organs of animals, microorganisms, calf stomachs, and plant materials. They are used in textiles and detergents, pharmaceuticals and biotechnology R&D, food and animal feed, and manufacturing units. The growing awareness about health and chronic diseases such as digestive diseases and others and also increased the demand for functional food and beverages for better health has propelled the global enzyme market. According to the Centers for disease control and prevention (CDC), in the US around 4.5 million adults are diagnosed with liver disease, which is around 1.8%, and around 51, 642 people died due to this.

Impact of COVID-19 Pandemic on Global ENZYME Market

COVID-19 impacted many businesses and industries across the globe, as the countries had restricted international trade. But there was a minimal impact on the enzyme market. As the demand for enzymes in nutritional & immunity-boosting products with household consumption increased during the period which boosted the market. The overall market is estimated to remain positive and growing due to the awareness about preventive healthcare and dietary supplements and foods which helps people in improving their health by improving their immune health.

Segmental Outlook 

The global enzyme market is segmented based on type, product, and source. Based on the type, the market is segmented into industrial and specialty. Based on the product, the market is sub-segmented into the carbohydrase and proteases. Based on the source, the market is sub-segmented into microorganisms, plants, and animals. Based on type, the industrial enzyme segment dominated the market in 2021. Due to the various applications, in different industries such as detergent, food and beverages, animal feed, textile, paper and pulp, and wastewater. Such as industrial enzymes are used as cleaning agents due to their stain removing qualities and other advantages as well.

Global Enzyme Market Share by Product, 2021 (%)

The Carbohydrase Segment is Expected to hold the Significant Share in the Global Enzyme Market during the Forecast Period. 

Based on product, the carbohydrase segment is anticipated to hold a significant share in the global enzyme market during the period. Carbohydrase is used in many industries such as pharmaceuticals, food and beverages and animal feed, and others. The carbohydrase enzymes used in animal feed are xylanases, glucanases, and amylase. The growing demand for dairy products such as milk and substitutes are in turn propelling the demand for the carbohydrase enzymes as they help in maintaining the health of the animal and improves digestion which results in more output. According to the Food and Agriculture Organization (FAO) of the US, global milk production reached nearly 906 million tonnes in 2020, up 2.0% from 2019. Which shows the growing trend for milk consumption and hence the growth of the animal feed market and enzymes market as well.

Regional Outlooks

The global enzyme market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The North American region is estimated to hold considerable market during the forecast period. The increasing consumption of beer and other products is propelling the demand for enzymes in the North American region. To produce a thick, rich beer, these enzymes are used in the brewing industry. Beta glucanase, protease, alpha-amylase, and beta-amylase are the most commonly used enzymes in the brewing industry. According to National Beer Wholesalers Association (NBWA), in the US in 2021, the US beer industry shipped 208.6 million barrels of beer also 81% of all beer was domestically produced in the US, and 19% was imported from more than 100+ countries across the globe. The market can be analyzed for a particular region or country level as per the requirement.

Global Enzyme Market Growth, by Region 2022-2028

The Asia-Pacific Region is Expected to Hold the Significant Share in the Global Enzyme Market during the Forecast Period

The Asia-pacific region will hold a significant share in the global enzyme market during the forecast period. The growing industries such as food and beverage, pharmaceuticals, and others with the increasing population in the region are increasing the enzyme market. Factors such as increasing population and demand for fruits and juices are increasing the enzymes market in the Asia-Pacific region. According to UNFPA, Asia and the Pacific region is home to 60% of the world’s population – some 4.3 billion people – and includes the world’s most populous countries, China and India.

Market Players Outlook

The major companies serving the global enzyme market include Associated British Foods plc, BASF SE, DuPont de Nemours, Inc., Novozyme A/S, Koninklijke DSM N.V., F.Hoffmann-La Roche Ltd., Kerry Group and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Novozymes A/S acquires Microbiome Labs and adds a strong position in the North American probiotics market also the former company got global market access and world-class science to develop new solutions combining enzymes and probiotics to create clinically-proven solutions that improve human health and well-being, 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global enzyme market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.