Enjoy complimentary customisation on priority with our Enterprise License!
The specialty enzymes market size is forecast to increase by USD 1.74 billion at a CAGR of 6.71% between 2023 and 2028. The market's growth trajectory is influenced by various factors such as rising healthcare expenditure, innovative applications of specialty enzymes in the pharmaceutical sector, and the expanding production of biofuels. However, the market encounters challenges, including safety concerns surrounding the utilization of specialty enzymes, strict governmental regulations, and the intricate production processes involved in their preparation. Despite these obstacles, the market continues to evolve, driven by the imperative to enhance healthcare outcomes and explore sustainable energy alternatives. Innovations in specialty enzyme applications within the pharmaceutical domain offer promising opportunities for growth, while advancements in biofuel production contribute to the market's expansion. Overcoming safety and regulatory hurdles necessitates concerted efforts to ensure product efficacy and compliance while streamlining production processes to meet the increasing demand for specialty enzymes.
The market share growth by the research and biotechnology segment will be significant during the forecast years. Specialty enzymes are becoming more and more important in biotechnology and research applications because they provide distinct benefits over conventional techniques. These enzymes offer improved efficiency, selectivity, and specificity, allowing scientists to carry out challenging studies and make significant advances across a range of industries.
Get a glance at the market contribution of the End User segment Request Free Sample
The research and biotechnology segment was the largest and was valued at USD 1.95 billion in 2018. Enzymes are also being used to solve environmental problems. Enzymes are used in bioremediation techniques to break down pollutants and contaminants in wastewater, water, and soil. For example, oil spills in oceans and seas are broken down by lipases, while laccases are employed to decolorize industrial wastewater. Specialty enzymes with increased specificity, efficiency, and sustainability have led to continuous and rapid growth in use in biotechnology and research. The discovery and engineering of new enzymes will result in additional scientific advances, bettering human health, preserving the environment, and expanding the understanding of various fields. Thus, from the above factors, the research and biotechnology segment will drive the growth of the global market during the forecast period.
The global market is expected to grow at a steady pace during the forecast period. The demand for carbohydrases, fueled by the pharmaceutical sector, propels growth, with North America serving as a key market. Carbohydrases, including amylase, cellulose, lactase, mannanase, and pectinase, play a vital role in breaking down carbohydrates into starch, commonly used in food digestion. Predominantly employed in lactose-free milk products and ice cream preparation, carbohydrases enhance product texture and taste. Challenges related to pH stability at high levels are being addressed by sellers, with Novozymes offering products like Sustine 410, an alpha-amylase with broad pH stability. Such advancements contribute to the carbohydrases segment's growth, consequently boosting the market during the forecast period.
North America is estimated to contribute 44% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
For more insights on the market share of various regions Request Free Sample
Further, the market in North America is witnessing steady growth and is providing significant opportunities for the players in the market. The US contributed to the majority of the revenue in the region. Growth in the pharmaceutical and diagnostics segments is boosting the use of specialty enzymes in this region. In addition, growing awareness regarding the applications of enzymes and rising health consciousness among consumers are fostering market growth and trends in the demand for enzyme-fortified consumer products. This pattern is expected to continue during the forecast period.
Additionally, the market growth in North America is mainly driven by the increasing consumption of proteases and lipases in the US. Also, favorable government regulations are expected to create a demand in North America. Such factors are expected to drive the regional market growth during the forecast period.
The food production industry relies extensively on specialty enzymes such as lipases, amylases, and proteases to enhance processes like fermentation and flavor development. These enzymes also find applications in various food industries, including the production of dairy products and baked goods. Additionally, enzymes like rennet, pectinases, and invertases are crucial in cheese-making, fruit juice extraction, and confectionery production, respectively. Beyond food, specialty enzymes play pivotal roles in biosimilar development, DNA sequencing, and research across biotechnology and pharmaceutical sectors. With the prevalence of chronic diseases like cancer and rheumatoid arthritis on the rise, there's a growing focus on utilizing enzymes for their medicinal applications. As populations age, there's increasing demand for healthcare solutions, driving innovations in diagnostic methods and the utilization of microbial enzymes in therapeutic interventions. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Novel applications of speciality enzymes in the pharmaceutical segment are notably driving the market growth. The growing interest of established pharmaceutical manufacturers in the enzyme production business is a major trend observed in the enzyme industry. The supplement business and the enzyme business can be managed together and are of interest to companies due to the significant consumption growth rates displayed by the latter. Upstream integration will give them economical sourcing and insulate them from price fluctuations and the unavailability of raw materials.
Consequently, we can expect consolidation in the enzyme business where the small- and medium-sized players that are unable to sustain consistent R&D expenditure are taken over by the leading players or pharmaceutical majors. Overall, the novel applications of specialty enzymes in the pharmaceutical segment are expected to positively influence the growth of the market during the forecast period.
The growing adoption of enzymes for sustainability in industrial processes is an emerging trend shaping the market growth. The burgeoning adoption of enzymes, especially specialty enzymes, in ensuring sustainability in industrial processes represents a prominent trend reshaping various sectors. Specialty enzymes, with their highly specific catalytic properties, have found increasing applications across diverse industries, including pharmaceuticals, food and beverage, biofuels, textiles, and detergents. Their crucial role in advancing sustainability initiatives within these industries is one important factor driving their utilization.
Moreover, the adoption in sustainable industrial processes is anticipated to continue as regulatory pressures increase and consumer preferences shift toward eco-conscious products. These enzymes will play a pivotal role in fostering environment-friendly practices and contribute significantly to global sustainability goals. Thus, the market will witness positive growth during the forecast period.
Stringent government regulations are a significant challenge hindering market growth. Companies in the market grapple with challenges posed by stringent regulations enforced by various authorities. These regulations encompass permits, entry criteria for new players, residual management, and expiration dates. Oversight by entities like the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) significantly influences enzyme manufacturing and distribution. Both the FDA and EFSA have imposed rigorous rules on enzyme types, quantity limitations, and labelling requirements for packaged products. Compliance with these regulations proves cumbersome for vendors, impeding the entry of new players and acting as barriers to innovative product introductions.
Additionally, the pharmaceutical industry faces stringent global regulations, with the FDA demanding comprehensive data on technical aspects, structural modifications of genetically modified microorganisms (GMM), manufacturing processes, and long-term product experience for granting Generally Recognized as Safe (GRAS) status. Similar stringent regulations in countries like Germany, Austria, and Switzerland for GMM-produced enzymes are anticipated to restrain the market's growth during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Advanced Enzyme Technologies Ltd - The company offers specialty enzymes for variety of industries including human health care and nutrition, animal nutrition, baking, fruit and vegetable processing, and more
The 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., Amicogen Co., Ltd., Antozyme Biotech Pvt. Ltd., Avantor Inc., BASF SE, BBI Solutions OEM Ltd., BRAIN Biotech AG, Chr Hansen Holding AS, Codexis Inc., Enzyme Development Corp., Enzyme Supplies Ltd., F. Hoffmann La Roche Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Maravai LifeSciences Holdings Inc., Nagase and Co. Ltd, Novozymes AS, Sanofi SA, and SternEnzym GmbH and Co. KG
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.
The specialty enzymes market is booming, driven by their vital role in various industries such as food, healthcare, and chemical. Enzymes like amylases, cellulases, and glucose oxidase are crucial in food processing, while DNA-modifying enzymes are pivotal in medicinal applications and diagnostic methods. With an aging population, there's increased demand for enzymes targeting chronic diseases. Legal and ethical issues surrounding enzyme use are gaining attention, alongside rising consumer awareness. Industrialization rates and advancements in biotechnology drive the microbial enzymes segment, with applications ranging from agriculture to biofuel production. Specialty enzymes offer immense health benefits, facilitating processes like gene therapy and biodiesel production, positioning them as indispensable in modern industries.
You may also be interested in:
Food Enzymes Market - Food Enzymes Market Analysis North America,APAC,Europe,South America,Middle East and Africa - US,China,India,Germany,UK - Size and Forecast
Lactase Enzyme Market - Lactase Enzyme Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, China, UK, India - Size and Forecast
Enzymes Market - Enzymes Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market is witnessing remarkable growth driven by a myriad of applications across various sectors including the healthcare sector, food industries, and biotechnology industry. Enzymes like rennet, pectinases, and invertases find extensive use in food production, while polymerase and nuclease are crucial for DNA modification and sequencing in the biotechnology and research sectors. Specialty enzymes also play vital roles in biocatalysis, waste degradation, and fermentation processes in industries like chemical and fermentation, including the production of alcoholic beverages. Moreover, they are instrumental in developing medicinal drugs, diagnostic solutions, and biomarkers for various ailments ranging from cancer and rheumatoid arthritis to diabetes and liver diseases. With increasing government spending and ongoing R&D initiatives, the specialty enzymes market is poised for continued expansion and innovation.
The market is witnessing significant growth, driven by various sectors such as biosimilar development, DNA sequencing, and the chemical industry. Specialty enzymes find diverse applications in the microorganism segment, fermentation industry, and agricultural industry, as well as in food production from plant sources and animal-derived enzymes. Notable segments include carbohydrases, phospholipases, and cysteine proteinases, utilized in areas like dietary supplements and molecular biology applications. Additionally, enzymes like streptokinase and asparaginase play crucial roles in the biofuel sector. In healthcare, specialty enzymes are integral to addressing conditions ranging from bone diseases to autoimmune disorders. With applications in R&D centers and biocatalysts, specialty enzymes continue to drive innovation across various industries, contributing to advancements in cell biology and the fermentation process while addressing a wide range of health concerns.
Specialty Enzymes Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.71% |
Market Growth 2024-2028 |
USD 1.74 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 44% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Amicogen Co., Ltd., Antozyme Biotech Pvt. Ltd., Avantor Inc., BASF SE, BBI Solutions OEM Ltd., BRAIN Biotech AG, Chr Hansen Holding AS, Codexis Inc., Enzyme Development Corp., Enzyme Supplies Ltd., F. Hoffmann La Roche Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Maravai LifeSciences Holdings Inc., Nagase and Co. Ltd, Novozymes AS, Sanofi SA, and SternEnzym GmbH and Co. KG |
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 the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.