Enzymes Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2022-2026

Enzymes Market Size & Forecast

The enzymes market share is expected to increase by USD 2745.12 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.36%.

The enzyme market analysis report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (FB, household, bioenergy, feed, and others) and geography (North America, Europe, APAC, South America, and MEA).

The enzymes market report also offers information on several market vendors, The Advanced Enzyme Technologies Ltd. company offers enzyme products for human health care and nutrition, animal nutrition, and baking industries. Under the unified segment, the company manufactures enzymes and probiotics products for the pharmaceuticals, nutraceuticals, animal healthcare, and baking industries.

What will be the Size of the Enzymes Market During the Forecast Period?

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Enzymes Market Dynamic

Our researchers analyzed the data with 2022 as the base year, along with the key drivers and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Enzymes Market Driver

• One of the key factors driving growth in the enzymes market is the surge in the production of biofuel.
• Enzymes are being used in the development of many advanced biochemical processes. They have been employed with the motive of overcoming the drawbacks associated with the use of conventional chemical catalysts. 
• Although enzymes are quite capital-intensive to be used on all feedstocks, particularly clean plant oils, a simple way of extending the life and reducing the cost of enzymes is by immobilizing them on a solid substrate to enable multiple cycles of use. Thus, the increased production of biofuel will increase the demand for enzymes, thereby driving the growth of the global enzymes market during the forecast period. 

Key Enzymes Market Challenge

• The safety concerns related to the use of enzymes will be a major challenge for the enzymes market during the forecast period.
• Very few enzymes induce hazards to the users in normal circumstances, especially owing to their catalytic activity. However, there are numerous areas of potential hazards arising due to their chemical nature, such as allergenicity, residual microbiological activity, activity-related toxicity and chemical toxicity, and their origin.
• Once an immune response has been developed by an individual as a result of skin contact or inhalation of the enzyme, any kind of re-exposure produces severe responses with higher risk, which might turn fatal.
• The production of enzymes involves the use of organisms that might act as hazardous sources, which have been the focus of attention by regulatory authorities.

This enzymes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Enzymes Market Segment Insights

Application Insights

The enzymes market share growth by the FB segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the enzymes market size and actionable market insights on the post-COVID-19 impact on each segment. 

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Enzymes Market Regional Insights

North America Region

North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The US and Canada are the key markets for enzymes in North America. Market growth in this region will be faster than the growth of the market in MEA regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

Technavio's Exclusive Enzymes Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Enzymes Market Customer Landscape

Key Enzymes Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Amano Enzyme Inc.  -

 The company specializes in producing and marketing enzymes for various applications, including food and beverages, dietary supplements, industrial, biomedical, and custom uses. Their enzyme product range comprises Ligases, Isomerases, and Lyases.

The enzymes market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Associated British Foods Plc, BASF SE, Codexis Inc., DuPont de Nemours Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Lonza Group Ltd., and Novo Holdings AS.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

 

Enzymes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Historic period	2017-2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.36%
Market growth 2022-2026	USD 2745.12 million
Market structure	Fragmented
YoY growth 2021-2022(%)	4.50
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 32%
Key countries	US, China, Germany, Canada, and Brazil
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Associated British Foods Plc, BASF SE, Codexis Inc., DuPont de Nemours Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Lonza Group Ltd., and Novo Holdings AS
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

 

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What are the Key Data Covered in this Enzymes Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2022 and 2026
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market industry across North America, Europe, APAC, South America, and MEA
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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