The global enzymes market size was USD 9.63 billion in 2022 and is expected to reach USD 17.7 billion in 2032, and register a revenue CAGR of 7% during the forecast period. The growing need for enzymes in the food and beverage industry is one of the major factors driving the market revenue growth. The quality, texture, and flavor of food items are all enhanced by the employment of enzymes during food processing. For instance, proteases are used to make meat more tender, amylases are used to make bread more textured, and lactases are used to make Dairy Products without lactose. The need for enzymes in the food and beverage sector is expected to increase in response to rising demand for processed food items and convenience foods.Another illustration is the utilisation of xylanase enzymes to create bioethanol from sugarcane bagasse, a byproduct of sugarcane processing. An element of the plant cell wall called xylan is broken down by xylanase enzymes into simple sugars that can be fermented to create bioethanol.
The market's revenue growth is primarily being driven by changing diet and lifestyle patterns among consumers and rising awareness of chronic diseases. A specific chemical reaction in the cell is accelerated by enzymes. Enzymes are also helpful for breathing, building up strength, getting rid of toxins from the body, and other processes, which is propelling the enzymes market's revenue rise.
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The enzymes market is being driven by several factors, including:
Increasing Demand for Enzymes in Food and Beverage Industry: Enzymes are widely used in the food and beverage industry to improve product quality, increase shelf life, and reduce processing time and costs. The growing demand for convenience foods and beverages, coupled with increasing consumer awareness about the benefits of natural ingredients, has fueled the demand for enzymes in this industry.
Growing Demand for Enzymes in Animal Feed Industry: Enzymes are also widely used in the animal feed industry to improve feed efficiency and animal performance. As the demand for meat and dairy products continues to increase globally, the demand for enzymes in animal feed is expected to grow as well.
Advancements in Enzyme Engineering and Biotechnology: Recent advancements in enzyme engineering and biotechnology have led to the development of more efficient and cost-effective enzymes. This has increased the potential applications for enzymes in various industries, such as biofuels, detergents, and pharmaceuticals.
Some Key Highlights from the Report
- The industrial enzymes and speciality enzymes product categories make up the global enzymes market. Over the projection period, the industrial enzymes segment is anticipated to contribute the biggest revenue share. Enzyme technology has an effect on nearly every element of industrial activities, from the technological sector to the food, feed, and healthcare industries. Because of their efficient and extremely precise catalytic properties, the use of enzymes in a number of industrial processes and products has been promoted. There are several applications for enzymes, including cancer treatment and diagnostics.
- In terms of revenue share, North America's market dominated in 2021. The market in the region is experiencing revenue growth as a result of an increase in the usage of industrial enzymes in a variety of end-use sectors, including food processing, pharmaceuticals, and other industries. Other factors contributing to the market's revenue growth in the region include the rising incidence of digestive and gut health disorders among the elderly and the rising prevalence of chronic gastrointestinal ailments. Also, the presence of major competitors in the area is somewhat assisting the market's revenue growth.
- In Clermont-Ferrand, France, Carbios opened an industrial demonstration plant for their unique enzymatic recycling process on July 15, 2021. The demonstration plant is the latest iteration of C-ZYME technology. It allows for the validation of the enzymatic PET recycling process's technical, environmental, and economical performance as well as the design of future industrial units.
Companies profiled in the market report include: BASF SE, AB Enzymes, Amano Enzyme Inc., Codexis, Inc., DuPont de Nemours, Inc., F. Hoffmann-La Roche Ltd, Koninklijke DSM N.V., Chr. Hansen Holding A/S, and Lesaffre, Adisseo.
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