Enzymes Market Expected to Reach $10.2 Billion by 2031

enzymes market size was valued at $5.8 billion in 2021, and is estimated to reach $10.2 billion by 2031, growing at a CAGR of 6% from 2022 to 2031. Enzymes are biocatalysts, which alter the rate of 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. Thus, they are widely used in detergents industry to facilitate the removal of stains from clothes. In addition, they are employed in the food & 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/708

The factors that drive the growth of the global enzymes market share 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 global enzymes market trends expansion.

The global enzymes market growth is segmented on the basis of type into carbohydrase, protease, lipase, polymerase & nucleases, and others. The carbohydrase enzymes segment held approximately 40% of market share in 2021. This is attributes to the fact that carbohydrase is the most prominent type of enzyme used in pharmaceutical and food industries. Therefore, commercial applications of carbohydrase in food products and detergents are expected to fuel the growth of the segment throughout the forecast period. Protease enzyme segment 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 industry, and is expected to grow at a CAGR of 9.6% during analysis period.

𝐁𝐮𝐲 𝐍𝐨𝐰 https://www.alliedmarketresearch.com/checkout-final/f2de0928dc82753c2cfc00b3934475fa

By application, the global enzyme market is segmented into food & beverages, household care, bioenergy, pharmaceutical & biotechnology, feed, and other such as agriculture, paper & pulp processing, and leather processing. Enzymes are most widely used in food processing as food additives for the purpose of modifying the properties of food such as shelf life, digestibility, texture, taste, and nutritional content. Hence, the food & beverage segment is anticipated to be one of the dominating segment over the analysis period. Likewise, the enzymes are used in laundry and dishwashing detergents (household care enzymes) to boost the performance of detergents by improving the stain removal properties, garment care, and wash efficiency.

Furthermore, enzymes are widely used in pharmaceutical industry for drug formulation and in cosmetic industry for the formulation of beauty products. Moreover, they play a major role in disease diagnostic such as pancreatic diseases. Increase in use of enzymes in advanced biotechnological processes such DNA diagnostics and protein engineering has fueled the growth of the global market. Likewise, increase in applications of enzymes in paper & pulp processing, leather processing, detergent production, and textile processing is anticipated to boost the demand for enzymes in near future, thereby supplementing the market growth.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/708

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

On the basis of type, the carbohydrase segment held 44.44% share in the global market in 2021.
On the basis of source, the microorganisms segment held the largest market share in 2021, and is expected to remain dominant throughout the forecast period.

On the basis of reaction type, the hydrolase segment held the largest market share in 2021, and is expected to remain dominant throughout the forecast period.

On the basis of application, the household care segment held the largest market share in 2021, and is expected to remain dominant throughout the forecast period.

Region-wise, North America dominated the enzymes market in 2021, and is expected to be dominant during the forecast period, owing to increase in use of enzymes in pharmaceuticals and diagnostic applications. Moreover, the manufacturers are investing in newer technologies to cater to the growing needs of the bioenergy industry.

Contact:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.