Press release
Enzymes Market Size Projected To Reach $25.88 Billion By 2034 With A Cagr Of 14%
Enzymes Market
What Is the Enzymes Market Size and Projected Growth Rate?
In recent times, there has been a swift expansion in the size of the enzymes market. The market, which is projected to catapult from $13.38 billion in 2024 to reach $15.33 billion in 2025, is expected to achieve a compound annual growth rate (CAGR) of 14.6%. Reasons for this phenomenal growth in the historic period encompass trends such as globalization and market diversification, significant investments in research and development, increasing consumer awareness and demand, advancements in bioprocessing technology, and efforts towards waste minimization and recycling.
In the coming years, the enzymes market is predicted to experience a significant expansion. It is projected to reach $25.88 billion by 2029, with a compound annual growth rate (CAGR) of 14.0%. Market demand dynamics, a focus on sustainable procedures, health and nutrition trends, additions in biofuel and renewable energy, and new applications are driving the projected growth in this period. The primary trends expected in this forecasted period include advances in biotechnology, the need for sustainability, demand from the food and beverage industry, expansion in industrial applications, and the consumer's inclination towards naturally-sourced products.
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What Are the Major Segments in the Enzymes Market?
The enzymes market covered in this report is segmented -
1) By Product Type: Asparaginase, Lipase, Protease, Nattokinase, Chitinase, Serratiopeptidase, Collagenase, Ligase, Other Products
2) By Application: Leukemia, Stomach Disorders, Antitumor, Skin Ulcers, Gaucher Disease, Fabry Disease, Other Applications
3) By End User: Drug Manufacturers, Hospitals, Private Clinics, Research Laboratories
Subsegments:
1) By Asparaginase: L-asparaginase, Erwinia Asparaginase, Pegylated Asparaginase
2) By Lipase: Gastric Lipase, Pancreatic Lipase, Fungal Lipase, Bacterial Lipase
3) By Protease: Serine Proteases, Cysteine Proteases, Aspartic Proteases, Metalloproteases
4) By Nattokinase: Nattokinase Powder, Nattokinase Capsules
5) By Chitinase: Plant Chitinase, Microbial Chitinase
6) By Serratiopeptidase: Serratiopeptidase Tablets, Serratiopeptidase Capsules
7) By Collagenase: Type I Collagenase, Type II Collagenase, Type III Collagenase
8) By Ligase: DNA Ligase, RNA Ligase
9) By Other Products: Amylase, Cellulase, Beta-Glucanase, Other Specialty Enzymes
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What Are The Driving Enzymes Market Evolution?
The enzyme market is anticipated to expand due to the increasing occurrence of digestive disorders. Digestive disorders encompass health issues that impact the digestive system, with common ones being gastroesophageal reflux disease (GERD), cancer, irritable bowel syndrome (IBS), lactose intolerance, hiatal hernia, and gallstones. Digestive enzymes are crucial in breaking down food into smaller particles that the body can absorb. For example, the National Center for Biotechnology Information (NCBI), a resource for the scientific research community based in the US, noted in October 2022 that the prevalence of irritable bowel syndrome (IBS) in the United States is between 10% and 15%. Almost 12% of patients turn to primary care practices for medical attention for IBS-related symptoms. Therefore, the upsurge in digestive disorders is fueling the growth of the enzyme market.
Which Firms Dominate The Enzymes Market Segments?
Major companies operating in the enzymes market include Novozymes A/S, DuPont Industrial Biosciences, BASF SE, Koninklijke DSM N.V., Chr. Hansen Holding A/S, Roche Holding AG, Advanced Enzyme Technologies Ltd., AB Enzymes GmbH, Codexis Inc., Dyadic International Inc., Amano Enzyme Inc., Adisseo France SAS, Biocatalysts Ltd., Amano Enzyme Inc., Enzyme Development Corporation, Creative Enzymes, Hayashibara Co. Ltd., Thermo Fisher Scientific Inc., Associated British Foods Plc, Lonza Group AG, Novus International Inc., Epygen Biotech, DSM Nutritional Products AG, Soufflet Biotechnologies SAS, Beijing Leili Marine Bioindustry Inc., Jiangsu Boli Bioproducts Co. Ltd.
What Trends Are Driving Growth in The Enzymes Market?
In the enzyme market, leading businesses like Lamzede are pioneering new products aimed at improving patient care. Lamzede (velmanase alfa) is a drug specifically used to treat alpha-mannosidosis, which is a rare genetic ailment arising from the insufficient activity of lysosomal alpha-galactosidase-A enzyme. In May 2023, Chiesi Global Rare Diseases, an American pharmaceutical manufacturing company, received approval from the FDA for Lamzede (velmanase alfa) to treat non-neurological symptoms in patients suffering from mild to moderate alpha-mannosidosis. Lamzede, a recombinant variant of human alpha-mannosidase, was created using mammalian Chinese hamster ovary* (CHO) cells with recombinant DNA technology. It sets a landmark as the first approved enzyme replacement therapy in the U.S, specifically designed to treat the non-central nervous system symptoms of alpha-mannosidosis.
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Which Is The Largest Region In The Enzymes Market?
North America was the largest region in the enzymes market in 2024. The regions covered in the enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enzymes Market?
2. What is the CAGR expected in the Enzymes Market?
3. What Are the Key Innovations Transforming the Enzymes Industry?
4. Which Region Is Leading the Enzymes Market?
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