The global enzymes market is poised for significant expansion, with a projected reach of USD 16.9 billion by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 6.8% from 2022 to 2027. Encompassing the exploitation of new enzyme types, enhancement of enzyme properties, and streamlined production processes, innovations in the enzyme manufacturing industry are steering its growth. Advances in genetics and processing technology have empowered the industry to deliver products with improved properties at reduced costs, leveraging genetic engineering to enhance stability, activity, specificity, and productivity of enzymes.
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Systematic methods in enzymes and engineering have paved the way for accessing novel enzymes from natural sources, ensuring their safety for manufacturing specialty products like pharmaceuticals and for deploying them in biocatalytic processes. A recent study by researchers at the University of Notre Dame highlights biocatalytic depolymerization mediated through enzymes as a sustainable and efficient alternative for plastic treatment, mitigating environmental concerns and recapturing components from plastic waste. Researchers at the Manchester Institute of Biotechnology have developed a new enzyme engineering platform to enhance the plastic-degrading capabilities of enzymes through directed evolution. The burgeoning focus on genetic engineering processes for enzymes, coupled with increased research on enzyme engineering for sustainable alternatives, is expected to propel the growth of the enzymes market.
Among various enzyme types, proteases emerge as the fastest-growing segment during the forecast period. Essential for protein digestion, proteases hydrolyze proteins from diverse sources, including plants, animals, and microorganisms, under various conditions, such as high salt concentrations. Major industry players like BASF (Germany) and DuPont (US) offer proteases for applications in food and beverages, biofuel, textiles and leather, and paper and pulp. Enzymes are favored by industrial manufacturers for their cost-reduction and environmental pollution mitigation benefits. Proteases, for example, have been employed in the leather industry to remove hair, reducing the need for hazardous chemicals and decreasing environmental pollution. Proteases also find applications in the feed industry to enhance digestibility, reflecting the versatility and growing demand for enzyme-based solutions.
In the enzymes market, the microorganism-based enzymes segment is experiencing the highest growth. Microorganisms serve as the primary source of industrial enzymes, offering advantages such as rapid large-scale cultivation and genetic manipulations for enhanced enzyme production. Microbial enzymes are preferred for their active and stable nature, as well as their ability to degrade complex substrates into useful energy sources, including carbohydrases. This preference underscores the pivotal role of microorganism-based enzymes in various industrial applications.
The Asia Pacific region is anticipated to witness the highest growth rate of 7.85% during the forecast period. As a leading region in sugar production, Asia Pacific leverages enzymes for starch hydrolysis to enhance sugar production processes. Additionally, the biofuel industry in the region is expected to grow, driven by increased bioethanol production and government support. China, with advancements in biotechnology and pharmaceutical research, is a key contributor to the region’s growth, as enzymes find applications in specialty areas like cell replacements and therapeutic treatments.
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Prominent players in the enzymes market include Novozymes (Denmark), BASF (Germany), DuPont (US), DSM (Netherlands), Associated British Foods (UK), Merck (Germany), Chr. Hansen (Denmark), Kerry Group (Ireland), Roche Holding (Switzerland), Dyadic International (US), Codexis (US), Sanofi (France), Creative Enzymes (US), Advanced Enzymes Technologies (India), and Biocatalysts (UK).
The enzymes market is witnessing a surge in innovation and growth opportunities, driven by advancements in genetic engineering, environmental considerations, and expanding applications across industries. As industries increasingly recognize the benefits of enzymes in cost reduction, environmental sustainability, and enhanced product performance, the market is poised for sustained growth in the coming years.
