Enzymes Market Size Worth $19.71 Billion by 2030 | CAGR: 6.6%

The global enzymes market size is expected to reach USD 19.71 Billion by 2030, according to a new study by Polaris Market Research. The report “Enzymes Market Share, Size, Trends, Industry Analysis Report, By Type (Protease, Carbohydrase, Polymerases and Nucleases, Lipase, Others); By Source (Microorganism, Plant, Animal); By Formulation; By Application; By Region; Segment Forecast, 2022 - 2030” provides an in-depth insight into prevalent market gestures and offers inspection on future market growth.

The growth in the demand for proteins in pharmaceutical industries to consolidate the average in active pharmaceutical ingredient production for successful medications is expected to propel the development of the market. Moreover, the potential of the substance to transform complex molecules into simpler molecules such as from starch to glucose in food and beverage companies, withdrawal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and enhanced bleaching features in paper and pulp industries are the factors anticipated to push the demand for the market in the near future.

Based on source, microorganisms are the prominent source of enzymes because of their easy obtainability and lower production costs. Microorganisms procured enzymes segment is expected to rule the market because of their large-scale production, surfacing of genetically engineered microorganisms, and extensive applications. But the absolution of the microorganism-derived substance is tiresome compared to plant substances.

The usage of highly progressive techniques for the purification of microbial substances escalates the aggregate substance production costs. Therefore, substances procured from microorganisms are costly compared to those derived from plant sources. Additionally, plant procured proteins have the highest growth potential because of the resurfacing of advanced purification technologies that need marginal investments.

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The growing demand for foods that are high quality in the context of natural flavors and taste has become a customary trend among present customers. This trend activated the requirement for the advancement of flavored and tasty processed food utilizing industrial applications. They behave as a catalyst by playing crucial roles in disintegrating vitamins and nutrients in metabolic reactions and inter-transformation of complex molecules into smaller molecules.

Some of the major players operating in the global market include AB Enzymes, Advanced Enzymes Technology Ltd., Associated British Foods PLC, BASF SE, BBI Enzymes Ltd., CHR Hansen Holding A/S, Danisco A/S, DuPont, Novozymes A/S, Novus International Inc., Roche Holding AG, Sanofi S.A. amongst others.

For instance, in April 2021, BASF has consented to invest at Kundl/Schaftenau Campus in Austria with Sandoz GmbH, a Novartis affiliate. BASF will be able to inflate its production imprint for biotechnology products as an outcome of this deal.

Polaris Market Research has segmented the enzymes market report on the basis of type, formulation, source, application, and region:

Enzymes, Type outlook (Revenue - USD Billion, 2018 - 2030)

• Carbohydrases
• Proteases
• Lipases
• Polymerases & Nucleases
• Other Types

Enzymes, Formulation Outlook (Revenue - USD Billion, 2018 - 2030)

• Lyophilized
• Liquid
• Dry

Enzymes, Source Outlook (Revenue - USD Billion, 2018 - 2030)

• Microorganism
• Plant
• Animal

Enzymes, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Food & Beverages
  • Bakery & Confectionery Products
  • Dairy Products
  • Beverages
  • Sugar
  • Meat Processing Products
  • Nutraceuticals
  • Other Food & Beverages
  • Detergents
  • Laundry Detergents
  • Automatic Dishwashing Detergents
  • Other Detergents
• Feed
  • Ruminant Feed
  • Swine Feed
  • Poultry Feed
  • Aqua Feed
  • Other Feed
• Bioethanol
• Soil Treatment
• Paper & Pulp
• Textiles & Leather
• Wastewater Treatment
• Oil Treatment
• Other Applications

Enzymes, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S.
  • Canada  
•  Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Russia
  • Spain

• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa