Enzymes Market Size Is Anticipated To Reach A Valuation Of $10,519 Million By 2024

The growth of the global enzymes market is majorly driven by high demand for effective enzymes based pharmaceuticals. Other factors boosting the market growth include growth include increase demand for renewable energy sources such as biofuels, rise in prevalence of various chronic diseases such as digestive diseases & inflammation, and wide applications of enzymes in various industries. However, factors such as handling & safety issues of enzymes and high sensitivity of enzymes to temperature & pH hamper the market growth. Conversely, increase in awareness about the application of enzymes in protein engineering technology and high market potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the market expansion.

The Global Enzymes Market was valued at $7,082 million in 2017, and is projected to reach $10,519 million in 2024 at a CAGR of 5.7% from 2018 to 2024.

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Enzymes are biocatalysts, which accelerate various biochemical reactions. In the current scenario, enzymes serve as useful biocatalysts for several industrial processes and chemical reactions Moreover, they play an important role in chemical engineering, food technology, and agriculture. The utilization of enzymes minimizes the cost, reduces the time of manufacturing process, and provides better substrate quality for reaction.

Enzymes are widely used in detergents industry to facilitate the removal of stains from clothes. In addition, they are employed in food and beverages industry in wide range of processes such as baking and brewing. In the pharmaceutical industry, enzymes are used for drug formulation. Moreover, enzyme-based drugs are used for the treatment of chronic conditions such as cancer and AIDS. In addition, enzymes are widely utilized in the biotechnology industry for research in the field of molecular biology. They are used in genetic engineering techniques to cut, replicate, and attach the DNA strands as per requirement. Furthermore, enzymes play a major role in the diagnosis of diseases such as cancer, cardiovascular diseases, and lysosomal disorder.

The factors that drive the growth of the enzymes market include upsurge in demand for cellulosic- & amylase-based biofuels, rise in need for effective pharmaceuticals & cosmetics, upsurge in usage of functional food & beverages (that contain enzymes), and increase in usage of enzyme-based techniques for detection & treatment of various chronic diseases. However, restrictions related to chemical properties of enzymes and safety issues arising due to the contamination of enzymes impede the market growth. On the contrary, surge in adoption of enzyme-based technology such as protein engineering and high untapped potential in the emerging economies are expected to provide lucrative growth opportunities for the market expansion.

The global enzymes market is segmented based on type into carbohydrase, protease, lipase, polymerase & nucleases, and others. The carbohydrase enzymes segments accounted for around two-thirds of market share in 2017. This is attributes to the fact that carbohydrase is the most prominent type of enzyme used in pharmaceutical and food industries. Moreover, commercial applications of carbohydrase in food products and detergents are expected to fuel the growth of the segment throughout the forecast period. Protease enzyme is the second largest revenue generator, as it is widely used for processing the proteins. Moreover, protease enzymes are used in DNA replications & transcription, cell proliferation & differentiation, ovulation, fertilization, and others. Polymerase and nuclease enzymes possess highest growth potential in the global enzymes market, and is expected to grow at a CAGR of 9.8% during analysis period.

The key players of this market include

- Novozymes A/S,
- Koninklijke DSM N.V.,
- DowDuPont Inc.,
- BASF SE,
- Advanced Enzyme Technologies Ltd.,
- AB Enzymes GmbH,
- Codexis, Inc.,
- Amano Enzyme, Inc.,
- F. Hoffmann-La Roche Ltd., and
- Thermo Fisher Scientific Inc.

Other players (these players are not profiled in the report and the same can be included on request) in the value chain include BBI Enzymes Ltd., Procter & Gamble Co., Puratos Group, Novus International, Inc., and Chr. Hansen A/S.

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Table of Content

Chapter: 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Enzyme extraction processes
3.2.1. Filtration
3.2.2. Centrifugation & sedimentation
3.2.3. Purification
3.3. Key findings
3.3.1. Top impacting factors
3.3.2. Top investment pockets
3.3.3. Top winning strategies
3.4. Government regulations
3.5. Value chain analysis
3.5.1. Primary activities
3.5.2. Supportive activities
3.6. Market share analysis, 2017
3.7. Clinical trials
3.8. Patent analysis, 2013-2018
3.8.1. Patent analysis, by year
3.8.2. Patent analysis for 2017, by country
3.9. Market dynamics
3.9.1. Drivers
3.9.1.1. High prevalence of chronic diseases
3.9.1.2. Increase in prevalence of digestive disorders
3.9.1.3. Surge in demand for biofuels
3.9.2. Restraints
3.9.2.1. Constraints pertaining to the chemical and physical properties of enzymes
3.9.2.2. Handling and safety issues related to enzymes
3.9.3. Opportunities
3.9.3.1. Involvement of enzymes in protein engineering
3.9.3.2. Opportunities in the emerging economies
3.9.4. Impact analyses
3.10. Enzyme production by fermentation technology
3.10.1. Market size and forecast
3.10.2. Solid-state fermentation
3.10.2.1. Market size and forecast
3.10.3. Submerged fermentation
3.10.3.1. Market size and forecast
3.11. Nitrogen source required for the growth of microorganisms
3.11.1. Market size and forecast
3.11.2. Corn steep liquor
3.11.2.1. Market size and forecast
3.11.3. Yeast extract
3.11.3.1. Market size and forecast
3.11.4. Ammonia and ammonium salts
3.11.4.1. Market size and forecast
3.11.5. Others
3.11.5.1. Market size and forecast

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