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Marine Enzymes Market Size By Product (Proteases, Lipases, Amylases, Xylanases/Hemicellulase, Pectinase, L-glutaminase, Pullulanase, Agarase), By Application (Food & Beverages, Medicine, Nutraceutical, Cosmetics, Textile) & Forecast 2023 - 2032

  • Report ID: GMI5497
  • Published Date: Mar 2023
  • Report Format: PDF

Marine Enzymes Market Size

Marine Enzymes Market size crossed USD 425 million in 2022 and is anticipated to exhibit over 6.5% CAGR from 2023 to 2032.
 

Rising application scope in the manufacturing of various bakery items will drive the industry growth. On account of their ability to facilitate changes in flour lipids, marine enzymes are widely employed for improving the bread quality. They are also utilized for flavor enhancement of cheese, butter, and margarine. Enzymes, such as proteases have large commercial usage in the production of baked goods, crackers, and waffles as they offer reduced mixing time and dough consistency whilst ensuring dough uniformity. Increasing adoption in the synthesis of structured lipids for nutraceuticals and infant formula along with the thriving need for degumming of vegetable oils will anchor the marine enzymes market demand.
 

Marine Enzymes Market

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Dearth of standardized regulatory guidelines to impede product demand

The increasing concerns regarding severe governmental as well as institutional regulations for the certification and usage of enzymes to cater to various applications may act as major constraints for the marine enzymes market development. Of late, marine enzymes are legislated to be certified by various organizations, such as the FDA prior to their adoption in food processing applications. The growing cost of food and beverage processing enzymes leading to the declining demand for bakery items will also hinder the industry outlook.
 

Marine Enzymes Market Analysis

Marine enzymes market size from the amylases product segment is slated to expand at a CAGR of 6.5% CAGR up to 2032. Amylases are primarily derived from plant, animal and microbial sources. These enzymes record huge commercial application in the food, detergent, brewing, textile, and distilling industries. Considering their benefits of facilitating microbial production, amylases are also utilised in clinical, medicinal, and analytical chemistry. Rising demand across a wide range of industrial processes in the food, fermentation and pharmaceutical sectors will also add to the product preference.

Global Marine Enzymes Market Size, By Product

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The marine enzymes market from lipases segment is expected to account for a significant share through 2032, due to their higher adoption in several industries as flavorings, texturants, cleaning agents, and shelf life enhancers. The surging consumer awareness pertaining to animal health has resulted in the rising interest in high-quality dairy products & meat across various developing regions.
 

 

Global Marine Enzymes Market, By Region

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With respect to application, the marine enzymes market valuation from food & beverages segment is projected to cross USD 280 million by 2032, attributed to the increasing usage of esterases and lipases across the food industry for improving the quality of bakery as well as confectionery products as they help in cleaving and forming the ester bonds. The application of marine enzymes in the food processing industry gives rise to superior products with enhanced yields as well as reduced carbon footprint, environmental pollution and energy consumption. It also helps in generating low greenhouse gas emissions and minimised raw material wastage. Moreover, the demand for agarases, which is utilised in the hydrolysis of agar, is substantially growing considering its usage as an additive in food processing as a gelling, emulsifying, and stabilizing agent.
 

 

North America Marine Enzymes Market Size, 2020- 2032  (USD Million)

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North America marine enzymes market share is poised to surpass USD 280 million by 2032, impelled by the strong presence of advanced globalization and technology base in the region. The growing penetration of well-established retail businesses has propelled the adoption of marine enzymes in food & beverage applications. The increasing number of research activities related to the development of marine bio-enzymes to cater to various present as well as new applications, specifically in Canada will positively influence the market expansion in North America.
 

Impact of COVID-19 Pandemic

The COVID-19 outbreak placed a significant impact on the demand for marine enzymes due to supply chain disruptions and hampered manufacturing operations. For ensuring the effective distribution of their products throughout all regions, several businesses inked supply chain agreements with distributors and dealers to sustain and secure their supply networks. The increasing efforts taken up by manufacturers to deploy various methods for obtaining competitive advantages and boost the profit margins will stimulate the industry prospects in the post-pandemic era.
 

This marine enzymes market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons & in terms of revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Product

  • Proteases
  • Lipases
  • Amylases
  • Xylanases/Hemicellulase
  • Pectinase
  • L-glutaminase
  • Pullulanase
  • Agarase
  • Others

Market, By Applications

  • Food & Beverage
  • Medicine
  • Nutraceutical
  • Cosmetics
  • Textile
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

What is the marine enzymes market worth?

The amylases product segment is poised to record more than 6.5% CAGR up to 2032, owing to rising commercial application in the food, detergent, brewing, textile, and distilling industries.

The food & beverages applications segment will surpass USD 280 million by 2032, due to the increasing usage of esterases and lipases across the food industry to enhance the quality of bakery as well as confectionery products.

Koninklijke DSM NV, Antozyme Biotech Pvt. Ltd., Novozymes AS, BioLume Inc., Dash Corp., Kemin Industries, ArcticZymes Technologies ASA, Novo Nordisk AS, and BASF SE are some major industry players.

Marine Enzymes Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 175
  • Countries covered: 18
  • Pages: 250
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