Enzymes Market Size By Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases/Hemicellulase, Cellulase, Pectinase], Polymerases & Nucleases, Phytases), By Application (Food & Beverages, Detergents, Animal Feed, Biofuels, Textile, Pulp & Paper, Personal Care & Cosmetics, Nutraceutical, Wastewater), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Kuwait, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: August 2017 | 410 Pages | Report ID: GMI743 Report Format: PDF
Enzymes Market size was worth over USD 5 billion in 2016 and is foreseen to surpass 400 kilo tons by 2024.
U.S. Enzymes Market Size, By Product, 2016 & 2024 (USD Million)
Food & beverage industry expansion along with rising need to improve food flavoring, texture, and quality will drive enzymes market growth. Benefits in baking products including standardize bread quality, uniform browning of bread and lower protein level of flour in crackers & biscuits is expected to fuel product demand.
Strong application potential in detergents as they are widely used for stain removal from the clothes will enhance product penetration. Increased effectiveness of detergents with addition of specific enzymes, helps in the removal of protein based stains. For instance, removal of blood stains becomes very easy with the use of enzymes based detergent.
Increased enzymes usage in textile industry owing to its wide scale usage in different process including, finishing, dyeing, bleaching, sourcing and de-sizing will further provide new avenues for the industry growth. Lower chemical discharge & energy consumption and decreased hazard handling by textile workers is projected to propel product demand.
Rising demand for high quality meat among consumers coupled with regulatory compliances for meeting food standards will enhance enzymes market share. Increasing nutrient rich meat & dairy product’s demand, for providing healthy diet to consumers is fueling industry growth. In addition, adverse effects of fodder on livestock’s health owing to lack of vital nutrients, makes the product a key supplement in everyday meal of animals.
Technological advancement coupled with manufacturer consolidation in terms of product pricing is a major aspect influencing enzymes market price trend. Health issues including, swelling, itching, rashes, cramps & nausea and abdominal pain, along with presence of other additives may restrict product adoption.
Enzymes Market, By Product
Proteases will worth over USD 2 billion by 2024. Health benefits offered by proteas including, boosts immune system, prevents inflammatory bowel diseases and cures skin burns & stomach ulcers will up surge this segments demand. The product demand in animal feed segment will be driven by key product properties including, improved fodder efficiency, upkeep of gut health and lower cost.
Carbohydrases surpassed USD 2.5 billion in 2016. Increased usage of catalysts for conversion processes in food & beverage and pharmaceutical industry will provide lucrative opportunity for this segment. Its major application is converting of carbohydrates into sugar syrups, including fructose and glucose.
Lipase will witness gains at over 6.8% up to 2024 owing to its usage as a vital digestive enzyme. It breaks down dietary fats into smaller molecules called glycerol and fatty acids. Growing obesity issues in developed countries is predicted to boost product’s demand in this segment as it aids in weight control by fat digestion.
Enzymes Market, By Application
Food & beverage holds over 36% of overall global enzymes market share in 2016. Growing demand for nutritional diet coupled with favorable government regulations will fuel this segment’s growth. Flour enhancement, improved texture & color, softness and longer shelf life is expected to propel the product demand.
Animal feed market size will grow at over 7% up to 2024. Growing diseases occurrence including, Bovine Spongiform Encephalopathy and Porcine Epidemic Diarrhea Virus has compelled farmers to use high quality animal forage.
Biofuel will generate over USD 950 million by 2024. Up surging biodiesel production in Germany, France, Brazil and the U.S. will promote industry growth. Lipases act as a major product in production of biodiesel due to its increased capability to process fatty acids and glycerides through transesterification and esterification reactions.
Pulp & paper enzymes market will witness over 6% CAGR up to 2024. The product demand in this segment is driven by its usage in numerous applications in pulp & paper industry including, cleaning of paper, deinking, drainage improvement and coating of starch. Additionally, growing demand of smooth papers for printing purpose will enhance the product scope.
Enzymes Market, By Region
North America enzymes market will foresee significant gains at over 6% up to 2024. Growing food & beverages industry will support the product demand in this region. Further, changing lifestyle and increasing disposable income of consumers has provided new avenues to the industry growth.
Asia Pacific enzymes market will witness gains at over 7.5 % up to 2024. Lifting of ban by China on import of frozen beef from Australia will positively impact product demand in food & beverages segment. Furthermore, pharmaceuticals and detergents industry expansion are key factors stimulating regional growth.
Competitive Market Share
Global industry share is consolidated owing to the presence of few producers holding a large industry share. Novozymes, DSM and Danisco dominates the industry by holding over 50% of the industry share globally in 2016. Companies are engaged in agreements, partnership, acquisitions, collaboration and new product launch, thus providing opportunity for increased product penetration.
Novozymes is a major enzyme manufacturing company that offers products in various segments including, pharmaceuticals, animal feed, bioenergy, household care and food & beverages. The company has put in huge efforts for retaining its industry share through continuous innovation. For instance, recently, Novozymes launched a detergent with increased efficiency and entered in an alliance with Monsanto for developing bio agriculture solutions.
Firms are investing heavily for improving their distribution channel by strengthening their research & development, marketing & sales, and supply chain & logistics activities. Other industry players in enzymes market include, Enmex, Lonza Group, Roche, Adisseo, Advanced Enzyme and Specialty Enzyme and Biotechnologies.
Enzymes Industry Background
Globally, the industry is regulated by European Union and FDA for their usage in various segments. Traditionally, enzymes were extracted from animal organs but now they are produced using genetic engineering. Growing technological advancement has resulted in advent of new manufacturing techniques including protein and genetic engineering which has resulted in increased product demand. Majority of the producers are backward integrated and they extract enzymes from microorganisms. Besides, the suppliers are focusing on application specific enzyme that requires genetically modified microorganisms for producing enzyme with specific characteristics.
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