Enzymes Market Size, Share and Industry Analysis Report by Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases, Cellulases, Pectinases, Lactases], Polymerases & Nucleases, Phytases, Catalyses) and Application (Food & Beverage, Processed Food, Dairy, Bakery, Confectionary), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

Industry Overview

Enzymes Market size was around USD 6.3 billion in 2017 and will witness growth at around 6.8% CAGR up to 2024 owing to shifting consumer preferences towards packaged and processed foods due to the rising awareness pertaining to food safety & security.
 

Incorporation of enzymes in several food products promotes prolonged nutritional content and longer shelf life. Additionally, rapid penetration of organized retail in the untapped rural & urban areas will provide strong business outlook through the forecast period. Continuous government support in the taxes & subsidies on numerous food items accompanied by the upgradation of trade practices between several economies across the globe will propel the enzymes market landscape.
 

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Food & beverage industry expansion for the growing population requirements along with need to improve food flavor, quality, and texture will drive the enzymes market growth. Major product benefits in baking products that include standardized bread quality, uniform bread browning, and lower flour protein levels in crackers & biscuits will support industry growth.
 

Potential applications in the detergent industry will also provide positive outlook to the industry growth as they are widely used for the stains removal from clothes. Addition of specific enzymes in the product composition will enhance the effectiveness of detergents and helps in the removal of protein-based stains. Growing adoption of auxiliary chemicals for enhancing bleaching & deinking and fiber modification will support the product penetration in the pulp & paper industry. Improved paper quality and reduced energy consumption are the major benefits that will support the enzymes market share over the forecast timeframe.
 

Lack of standardized regulatory guidelines and harmonization will continue to hamper the enzymes market growth. For instance, the EU regulations related to the approval of additives before they can be used as enzymes in the feedstuff will lead to complex situations among the product manufacturers in the region. High product prices as compared to traditional ingredients are among the key factors restraining the enzymes market trends. Additionally, proliferation of digital media across the globe has reduced the overall usage of paper.
 

Advancements in automation to improve the production efficiency have increased machinery and equipment costs. The initial investment in machinery & equipment for enzymes is high due to the long process involved. The rising demand for reduced possibility of infection, reduced handling costs, user-friendliness, sustainability, and clean & hygienic machinery will positively influence the enzymes market value.
 

Market, By Product

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Carbohydrases enzymes segment is expected to continue its dominance through the forecast period owing to its wide-ranged applications across several end-use industries. Carbohydrase is among the major soft drink ingredients. Increasing demand for sports drinks will have a positive influence over the carbohydrase demand which will boost enzymes market share. Growing applications in animal feed and pharmaceutical industries will provide strong demand growth.
 

Carbohydrases is sub-categorized into cellulose, amylase, pectinase, lactases, and xylanases/ hemicellulases. Amylase is expected to witness highest growth through the forecast period due to its strong ability to bear different temperatures and pH levels. Increasing demand for biofuel applications, specifically for amylases, due to increasing petroleum costs will drive the industry growth. Additionally, the growing demand for renewable energy sources and improved R&D initiatives are supplementing the overall enzymes market.
 

Market, By Application

The food & beverages segment accounted for the largest market share in 2017 and is expected to witness 7.8% CAGR through 2024 owing to the growing demand for processed food coupled with the rising awareness regarding health benefits. Furthermore, a significant shift in consumer paradigm towards processed food products due to changing urban lifestyle will boost the enzymes market. Dairy enzymes market size will cross USD 1.2 billion by 2032, led by rising use of dairy enzymes in cheddar cheese production.
 

Animal feed enzymes segment is expected to witness 8.1% CAGR through 2024 owing to its significant requirement for upgraded feed conversion in animals. Additionally, they improve feed productivity & quality and indicate a positive influence on the animal welfare. The rising demand for high-quality protein coupled with developments of production technologies will provide strong growth prospects for the industry growth through the forecast timeframe. Numerous companies are working on R&D to develop methods to sustainably advance animal feed production process to meet the growing protein requirements. Food enzymes market size surpass USD 4.6 billion by 2027, driven by increased consumption of alcoholic and non-alcoholic beverages.
 

Market, By Region

U.S. enzymes market is expected to hold its dominance through the forecast period predominantly owing to high product demand in the food and beverage industry. Growing awareness among population regarding their personal and family health in conjunction coupled with high consumer preference towards processed foods will support the demand growth. Moreover, growing applications in nutraceutical investments has led to a substantial growth in the pharma sector. On the other hand, Asia Pacific enzyme market share will witness gains at over 7.3% till 2024 due to the ease of trading across international borders in the region.
 

Competitive Market Share

Global enzymes industry is highly consolidated owing to the presence of a few dominating companies accounting for a significant market share. Some of the key players include Novozymes, BASF, Chr. Hansen Holding A/S, Ab Enzymes, Royal DSM, and Danisco. Industry players are emphasizing on improving their production capabilities and upgrading their solutions to differentiate their services from their competitors.
 

Industry Background

Worldwide, the business is regulated by FDA and European Union for enzymes usage across various applications. Formulators and manufacturers have been facing increasing pressure to improve the efficiency to meet the ever-growing demand from industrial segments such as food & beverage, detergents, animal feed, biofuels, textiles, pulp & paper, etc.
 

The enzyme market participants are expected to observe growing demand from these sectors owing to the need for improving production process efficiency and optimizing the raw materials usage. Utilization of these enzymes would reduce the production time and improve the use of traditional raw materials.
 

Enzymes market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2018 to 2024, for the following segments:

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By Product

• Proteases
• Lipases
• Carbohydrases
  • Amylases
  • Xylanases
  • Cellulases
  • Pectinases
  • Lactases
• Polymerases & Nucleases
• Phytases
• Catalyses
• Others (Laccases, levan)

By Application

• Food & beverage
• Detergents
• Animal feed
• Biofuels
• Textile
• Pulp & paper
• Personal care & cosmetics
• Nutraceutical
• Wastewater

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Sweden
  • Austria
  • Poland
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
  • Australia
• Latin America
  • Brazil
  • Argentina
  • Mexico
• Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait
  • Egypt