Press release
Enzymes Market Size to Reach US$ 18.1 Billion by 2028 | IMARC Group
Enzymes Market Report 2023-2028
Report Highlights
How Big is the Enzymes Market?
The global enzymes market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.06% during 2023-2028.
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What are Enzymes?
Enzymes are specialized proteins that act as biological catalysts in living organisms. They play a crucial role in facilitating and speeding up chemical reactions within cells, which makes them essential for various physiological processes. They work by lowering the activation energy required for a specific chemical reaction to occur. They make it easier for a response to appear, which enables biochemical processes to happen efficiently and at a faster rate. They are highly specific and typically catalyze only one type of reaction. They interact with specific molecules like substrates, which transforms them into products. Enzymes are involved in various cellular processes, including metabolism, digestion, deoxyribonucleic acid (DNA) replication, and protein synthesis. Their activities are influenced by factors, such as pH, temperature, and the concentration of substrates and products.
What are the growth prospects and trends in the enzymes industry?
Enzymes are used in the food and beverage (F&B) industry, where they are used for various purposes, such as baking, cheese, and fruit juices to enhance flavor development and texture and help break down starches into simpler sugars, which aids in dough fermentation and improve the texture of bread. Along with this, the increasing inclination towards nutrient rich and high quality food products and beverages represent one of the primary factors strengthening the market growth around the world. Moreover, there is a rise in the adoption of enzymes in the biofuel industry, particularly in the conversion of biomass into biofuels.
Enzymes like cellulases and hemicellulases assist in breaking down complex plant materials into simpler sugars that can be fermented to produce bioethanol. Enzymes increase the efficiency of this process, which reduces the need for harsh chemical treatments and makes biofuel production more sustainable. Along with this, the growing preference for renewable energy sources like biofuels is influencing the market positively. In addition, the increasing employment of enzymes in the textile industry for processes, such as bio-polishing and stone-washing is favoring the growth of the market.
Cellulase enzymes are used in bio-polishing to remove protruding fibers and create a smoother fabric surface. In stone-washing, proteases and cellulases are utilized to achieve a worn-out look on denim garments by breaking down fibers and removing dye particles. Apart from this, enzymes find application in the production of laundry detergents to enhance the cleaning efficiency of detergents, which allows lower washing temperatures and reduces the need for excessive water and energy consumption. Furthermore, the increasing usage of enzymes in the paper and pulp industry to improve bleaching properties is propelling the growth of the market.
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The report has segmented the market on the basis of region, type, source, reaction type and application.
Breakup by Type:
• Protease
• Carbohydrase
• Lipase
• Polymerase and Nuclease
• Others
Breakup by Source:
• Microorganisms
• Plants
• Animals
Breakup by Reaction Type:
• Hydrolase
• Oxidoreductase
• Transferase
• Lyase
• Others
Breakup by Application:
• Food and Beverages
• Household Care
• Bioenergy
• Pharmaceutical and Biotechnology
• Feed
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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