Enzymes Industry to Hit $20.4 billion by 2029
The global enzymes
market size is estimated to be valued at USD 14.0 billion in 2024 and
is projected to reach USD 20.4 billion by 2029, recording a CAGR of 7.8%. The
biopharmaceutical industry's rapid growth, driven by advancements in
biotechnology and personalized medicine, presents significant opportunities for
the enzyme market. Enzymes are indispensable in biopharmaceutical manufacturing
processes, including protein expression, purification, and modification. They
are also used in the development of biologics such as monoclonal antibodies,
vaccines, and gene therapies. As the demand for biopharmaceuticals continues to
soar, driven by the aging population and increasing prevalence of chronic
diseases, the need for enzymes in biopharmaceutical production is expected to
escalate, driving market growth.
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Asia Pacific region to witness the fastest growth rate in
the enzymes market during the forecast period
The Asia-Pacific region is positioned for remarkable growth
in the enzyme market, driven by specific industry dynamics and regional trends.
Notably, the region's biopharmaceutical sector, particularly in countries like
South Korea and Singapore, is fueling demand for enzymes used in drug
manufacturing and bioprocessing. These enzymes play a critical role in protein
expression, purification, and modification processes essential for the
production of biologics such as monoclonal antibodies and vaccines. Furthermore,
the increasing demand for specialty enzymes in the region's rapidly expanding
healthcare and diagnostic sectors is the fastest growth driver. With increasing
investments in healthcare infrastructure and research capabilities, there is a
growing need for enzymes used in diagnostic assays, genetic testing, and
therapeutic applications. Additionally, the Asia-Pacific region's thriving
textile and detergent industries, particularly in countries like Bangladesh and
Vietnam, present lucrative opportunities for enzyme manufacturers. Enzymes are
increasingly used in textile processing for fabric softening, de-sizing, and
denim finishing, as well as in detergent formulations for improved stain
removal and fabric care. As these industries continue to grow and evolve,
driven by changing consumer preferences and regulatory requirements, the demand
for enzymes is expected to surge, positioning the Asia-Pacific region as a key
growth engine in the global enzymes market.
Key players in this market include BASF SE (Germany),
International Flavors & Fragrances Inc. (US), dsm-firmenich (Switzerland),
Associated British Foods plc (England), Novozymes A/S (Denmark), Kerry Group
plc. (Ireland), Dyadic International Inc. (US), Advanced Enzyme Technologies
(India), Aumgene Biosciences (India), Amano Enzyme Inc. (Japan), F. Hoffmann-La
Roche Ltd (Switzerland), Codexis, Inc. (US), Sanofi (France), Merck KGaA
(Germany), Adisseo (China).
Protease segment is identified to be the fastest growing
among the various types of enzymes during the forecast period
Proteases play a vital role in numerous industrial
applications, including food processing, detergent manufacturing,
pharmaceuticals, and biotechnology. Their ability to catalyze the hydrolysis of
proteins into smaller peptides and amino acids makes them indispensable in
processes such as protein modification, peptide synthesis, and removal of
proteinaceous stains. Additionally, proteases exhibit broad substrate
specificity and operate under diverse pH and temperature conditions, rendering
them versatile and adaptable to various manufacturing processes. The ongoing
research and development efforts are expected to yield novel proteases with
enhanced catalytic efficiency, stability, and specificity, further expanding
their applicability across industries. The increasing demand for enzyme-based
solutions in sustainable manufacturing practices and green chemistry
initiatives is likely to drive the adoption of proteases for eco-friendly
processes. Additionally, the growing awareness of the benefits of enzyme-based
products among consumers and manufacturers, coupled with favorable regulatory
frameworks promoting enzyme use, is expected to stimulate market demand for
proteases.
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In the enzymes market, the microorganism-based enzymes
segment is registering the highest growth during the forecast period
Microorganisms serve as prolific sources of enzymes,
offering a wide diversity of catalytic activities and metabolic pathways. This
inherent diversity enables the production of a vast array of enzymes tailored
for specific industrial applications, ranging from food processing and textiles
to pharmaceuticals and biofuels. Moreover, advances in biotechnology and
fermentation techniques have facilitated the cost-effective production of
microorganism-based enzymes at industrial scales, thereby driving market growth.
Ongoing research endeavors aimed at discovering novel microorganisms and
optimizing enzyme production processes are anticipated to yield enzymes with
improved catalytic efficiency, stability, and specificity. Additionally, the
increasing demand for sustainable and eco-friendly solutions across industries
is likely to drive the adoption of microorganism-based enzymes, which offer
environmentally benign alternatives to traditional chemical processes.
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