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Specialty Enzymes - Global Market Trajectory & Analytics

  • ID: 338585
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amano Enzymes Inc.
  • Amicogen, Inc.
  • BBI Solutions
  • Biocatalysts Ltd.
  • Codexis, Inc.
  • Novozymes A/S
Global Specialty Enzymes Market to Reach $3.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Specialty Enzymes estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 7.4% over the analysis period 2020-2027. Protease, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbohydrases segment is readjusted to a revised 7.3% CAGR for the next 7-year period.





The U.S. Market is Estimated at $597.7 Million, While China is Forecast to Grow at 11.3% CAGR

The Specialty Enzymes market in the U.S. is estimated at US$597.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$811 Million by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Polymerases & Nucleases Segment to Record 8.5% CAGR

In the global Polymerases & Nucleases segment, USA, Canada, Japan, China and Europe will drive the 8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$268.3 Million in the year 2020 will reach a projected size of US$459.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$502.6 Million by the year 2027, while Latin America will expand at a 9.9% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Advanced Enzymes Technologies Ltd.
  • Amano Enzymes Inc.
  • American Laboratories, Inc.
  • Amicogen, Inc.
  • BBI Solutions
  • Biocatalysts Ltd.
  • Codexis, Inc.
  • Novozymes A/S
  • Roche CustomBiotech
  • Thermo Fisher Scientific, Inc.
Frequently Asked Questions about the Global Market for Specialty Enzymes

What is the estimated value of the Global Market for Specialty Enzymes?

The Global Market for Specialty Enzymes was estimated to be valued at $2.2 Billion in 2020.

What is the growth rate of the Global Market for Specialty Enzymes?

The growth rate of the Global Market for Specialty Enzymes is 7.3%, with an estimated value of $3.6 Billion by 2027.

What is the forecasted size of the Global Market for Specialty Enzymes?

The Global Market for Specialty Enzymes is estimated to be worth $3.6 Billion by 2027.

Who are the key companies in the Global Market for Specialty Enzymes?

Key companies in the Global Market for Specialty Enzymes include Advanced Enzymes Technologies Ltd., Amano Enzymes Inc., American Laboratories, Inc., Amicogen, Inc., BBI Solutions, Biocatalysts Ltd., Codexis, Inc., Novozymes A/S and Thermo Fisher Scientific, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amano Enzymes Inc.
  • Amicogen, Inc.
  • BBI Solutions
  • Biocatalysts Ltd.
  • Codexis, Inc.
  • Novozymes A/S

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Growing Demand for Eco-Friendly & Renewable Alternatives to Chemical Catalysts Provides the Cornerstone for the Growth of Biological Catalysts
  • Specialty Enzymes: Definition, Scope, Importance & Types

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Robust Demand for Medicines Spurs Opportunities for Pharmaceutical Enzymes
  • Exhibit 1: Global Spending on Medicines (In US$ Billion) for Years 2018, 2020, 2022 and 2024
  • Robust Demand for Convenience Foods Drives Opportunities for Specialty Enzymes in Food Processing
  • Exhibit 2: Global Convenience Food Industry (In US$ Million) for Years 2020, 2022, 2024 and 2026
  • Strong Demand for Dietary Protein Drives Opportunities for Phytase Feed Enzymes in the Livestock Farming Industry
  • Exhibit 3: Global Per Capita Consumption of Livestock-Derived Protein (In Kgs) by Country For Years 2020, 2025, 2030
  • Innovations in Microbial Enzymes
  • Growing Focus on Bioremediation Adds Growth Impetus to Microbial Enzymes

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Advanced Enzymes Technologies Ltd.
  • Amano Enzymes Inc.
  • American Laboratories, Inc.
  • Amicogen, Inc.
  • BBI Solutions
  • Biocatalysts Ltd.
  • Codexis, Inc.
  • Novozymes A/S
  • Roche CustomBiotech
  • Thermo Fisher Scientific, Inc.
Note: Product cover images may vary from those shown