Enzymes Market Type, Source, Reaction Type, and Application - Global Opportunity Analysis and Industry Forecast, 2017-2024

  • ID: 4580579
  • Report
  • Region: Global
  • 344 pages
  • Allied Analytics LLP
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Enzymes are proteins that act as biocatalysts to accelerate the reaction and produce the desired results in reactions in metabolic processes. Currently, enzymes have gained increased popularity, due to their potential applications in several industries such as food and animal feed, textiles and detergents, pharmaceuticals and biotechnology R&D, manufacturing industries, and others (paper and pulp processing, leather processing and agriculture). The use of enzymes in the manufacturing processes results in significant cost reductions. This is attributed to the utilization of less energy (temperature), requirement of less time for manufacturing process, and provision of better substrate activity.

The global enzymes market was valued at $7,082 million in 2017, and is projected to reach $10,519 million in 2024 at a CAGR of 5.7% from 2018 to 2024. The major factor that contributes towards the growth of the enzymes market is high demand for effective pharmaceuticals. Moreover, other factors boosting the market growth include increase demand for renewable energy sources such as biofuels, rise in prevalence of various chronic diseases such as digestive diseases & inflammation, and wide applications of enzymes in various industries. However, factors such as handling & safety issues of enzymes and high sensitivity of enzymes to temperature & pH hamper the market growth. Conversely, increase in awareness about the application of enzymes in protein engineering technology and high market potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the market expansion.

The global enzymes market is segmented on the basis of type, source, reaction type, application, and region. Based on type, the market is fragmented into protease, carbohydrase, lipase, polymerase and nuclease, and other types. On the basis of source, it is categorized into microorganisms, plants, and animals. By reaction type, it is classified into hydrolase, oxidoreductase, transferase, lyase, and other reaction types. The applications covered in the study include food and beverages, household care, bioenergy, pharmaceutical and biotechnology, feed, and other applications. Region wise, it is analyzed for North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global enzymes market with current trends and future estimations from 2017 to 2024 to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

Key Market Segments

By Type

Protease
Carbohydrase
Lipase
Polymerase and Nuclease
Other Types

By Source

Microorganisms
Plants
Animals

By Reaction Type

Hydrolase
Oxidoreductase
Transferase
Lyase
Other Reaction Types

By Application

Food and Beverages
Household Care
Bioenergy
Pharmaceutical and Biotechnology
Feed
Other Applications

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT

Novozymes A/S
Koninklijke DSM N.V.
DowDuPont Inc.
BASF SE
Advanced Enzyme Technologies Ltd.
AB Enzymes GmbH
Codexis, Inc.
Amano Enzyme, Inc.
F. Hoffmann-La Roche Ltd.
Thermo Fisher Scientific Inc.

LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)

BBI Enzymes Ltd.
Procter & Gamble Co.
Puratos Group
Novus International, Inc.
Chr. Hansen A/S
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Enzyme extraction processes
3.2.1. Filtration
3.2.2. Centrifugation & sedimentation
3.2.3. Purification
3.3. Key findings
3.3.1. Top impacting factors
3.3.2. Top investment pockets
3.3.3. Top winning strategies
3.4. Government regulations
3.5. Value chain analysis
3.5.1. Primary activities
3.5.2. Supportive activities
3.6. Market share analysis, 2017
3.7. Clinical trials
3.8. Patent analysis, 2013-2018
3.8.1. Patent analysis, by year
3.8.2. Patent analysis for 2017, by country
3.9. Market dynamics
3.9.1. Drivers
3.9.1.1. High prevalence of chronic diseases
3.9.1.2. Increase in prevalence of digestive disorders
3.9.1.3. Surge in demand for biofuels
3.9.2. Restraints
3.9.2.1. Constraints pertaining to the chemical and physical properties of enzymes
3.9.2.2. Handling and safety issues related to enzymes
3.9.3. Opportunities
3.9.3.1. Involvement of enzymes in protein engineering
3.9.3.2. Opportunities in the emerging economies
3.9.4. Impact analyses
3.10. Enzyme production by fermentation technology
3.10.1. Market size and forecast
3.10.2. Solid-state fermentation
3.10.2.1. Market size and forecast
3.10.3. Submerged fermentation
3.10.3.1. Market size and forecast
3.11. Nitrogen source required for the growth of microorganisms
3.11.1. Market size and forecast
3.11.2. Corn steep liquor
3.11.2.1. Market size and forecast
3.11.3. Yeast extract
3.11.3.1. Market size and forecast
3.11.4. Ammonia and ammonium salts
3.11.4.1. Market size and forecast
3.11.5. Others
3.11.5.1. Market size and forecast

CHAPTER 4: GLOBAL ENZYMES MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Protease
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by type of microorganism
4.2.4. Market size and forecast, by region
4.2.5. Market analysis, by country
4.3. Carbohydrase
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by type of microorganism
4.3.4. Market size and forecast, by region
4.3.5. Market analysis, by country
4.4. Lipase
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by type of microorganism
4.4.4. Market size and forecast, by region
4.4.5. Market analysis, by country
4.5. Polymerases and Nucleases
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region
4.5.4. Market analysis, by country
4.6. Other types
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast, by type of microorganism
4.6.4. Market size and forecast, by region
4.6.5. Market analysis, by country

CHAPTER 5: GLOBAL ENZYMES MARKET, BY SOURCE
5.1. Overview
5.1.1. Market size and forecast
5.2. Microorganisms
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis, by country
5.2.5. Market size and forecast, by type of microorganism
5.3. Plants
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis, by country
5.4. Animals
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by region
5.4.4. Market analysis, by country

CHAPTER 6: ENZYMES MARKET, BY REACTION TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. Hydrolase
6.2.1. Key market trends
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Oxidoreductase
6.3.1. Key market trends
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country
6.4. Transferase
6.4.1. Key market trends
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country
6.5. Lyase
6.5.1. Key market trends
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country
6.6. Other enzymes
6.6.1. Key market trends
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

CHAPTER 7: GLOBAL ENZYMES MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Food and Beverages
7.2.1. Key market trend
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by region
7.2.4. Market analysis, by country
7.3. Household Care
7.3.1. Key market trend
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by region
7.3.4. Market analysis, by country
7.4. Bioenergy
7.4.1. Key market trend
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by region
7.4.4. Market analysis, by country
7.5. Pharmaceuticals and biotechnology
7.5.1. Key market trend
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by region
7.5.4. Market analysis, by country
7.6. Feed
7.6.1. Key market trend
7.6.2. Key growth factors and opportunities
7.6.3. Market size and forecast, by region
7.6.4. Market analysis, by country
7.7. Other applications
7.7.1. Key market trend
7.7.2. Key growth factors and opportunities
7.7.3. Market size and forecast, by region
7.7.4. Market analysis, by country

CHAPTER 8: GLOBAL ENZYMES MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast
8.2. North America
8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. North America market size and forecast, by country
8.2.3.1. U.S.
8.2.3.1.1. Market size and forecast, BY TYPE
8.2.3.1.2. Market size and forecast, by source
8.2.3.1.3. Market size and forecast, by reaction type
8.2.3.1.4. Market size and forecast, by application
8.2.3.2. Canada
8.2.3.2.1. Market size and forecast, BY TYPE
8.2.3.2.2. Market size and forecast, by source
8.2.3.2.3. Market size and forecast, by reaction type
8.2.3.2.4. Market size and forecast, by application
8.2.3.3. Mexico
8.2.3.3.1. Market size and forecast, BY TYPE
8.2.3.3.2. Market size and forecast, by source
8.2.3.3.3. Market size and forecast, by reaction type
8.2.3.3.4. Market size and forecast, by application
8.2.4. North America market size and forecast, by type
8.2.5. North America market size and forecast, by reaction type
8.2.6. North America market size and forecast, by source
8.2.7. North America market size and forecast, by application
8.3. Europe
8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Europe market size and forecast, by country
8.3.3.1. Germany
8.3.3.1.1. Market size and forecast, by type
8.3.3.1.2. Market size and forecast, by source
8.3.3.1.3. Market size and forecast, by reaction type
8.3.3.1.4. Market size and forecast, by application
8.3.3.2. France
8.3.3.2.1. Market size and forecast, by type
8.3.3.2.2. Market size and forecast, by source
8.3.3.2.3. Market size and forecast, by reaction type
8.3.3.2.4. Market size and forecast, by application
8.3.3.3. UK
8.3.3.3.1. Market size and forecast, by type
8.3.3.3.2. Market size and forecast, by source
8.3.3.3.3. Market size and forecast, by reaction type
8.3.3.3.4. Market size and forecast, by application
8.3.3.4. Italy
8.3.3.4.1. Market size and forecast, by type
8.3.3.4.2. Market size and forecast, by source
8.3.3.4.3. Market size and forecast, by reaction type
8.3.3.4.4. Market size and forecast, by application
8.3.3.5. Spain
8.3.3.5.1. Market size and forecast, by type
8.3.3.5.2. Market size and forecast, by source
8.3.3.5.3. Market size and forecast, by reaction type
8.3.3.5.4. Market size and forecast, by application
8.3.3.6. Rest of Europe
8.3.3.6.1. Market size and forecast, by type
8.3.3.6.2. Market size and forecast, by source
8.3.3.6.3. Market size and forecast, by reaction type
8.3.3.6.4. Market size and forecast, by application
8.3.4. Europe market size and forecast, by type
8.3.5. Europe market size and forecast, by source
8.3.6. Europe market size and forecast, by reaction type
8.3.7. Europe market size and forecast, by application
8.4. Asia-Pacific
8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Asia-Pacific market size and forecast, by country
8.4.3.1. Japan
8.4.3.1.1. Market size and forecast, by type
8.4.3.1.2. Market size and forecast, by source
8.4.3.1.3. Market size and forecast, by reaction type
8.4.3.1.4. Market size and forecast, by application
8.4.3.2. China
8.4.3.2.1. Market size and forecast, by type
8.4.3.2.2. Market size and forecast, by source
8.4.3.2.3. Market size and forecast, by reaction type
8.4.3.2.4. Market size and forecast, by application
8.4.3.3. India
8.4.3.3.1. Market size and forecast, by type
8.4.3.3.2. Market size and forecast, by source
8.4.3.3.3. Market size and forecast, by reaction type
8.4.3.3.4. Market size and forecast, by application
8.4.3.4. Australia
8.4.3.4.1. Market size and forecast, by type
8.4.3.4.2. Market size and forecast, by source
8.4.3.4.3. Market size and forecast, by reaction type
8.4.3.4.4. Market size and forecast, by application
8.4.3.5. South Korea
8.4.3.5.1. Market size and forecast, by type
8.4.3.5.2. Market size and forecast, by source
8.4.3.5.3. Market size and forecast, by reaction type
8.4.3.5.4. Market size and forecast, by application
8.4.3.6. Rest of Asia-Pacific
8.4.3.6.1. Market size and forecast, by type
8.4.3.6.2. Market size and forecast, by source
8.4.3.6.3. Market size and forecast, by reaction type
8.4.3.6.4. Market size and forecast, by application
8.4.4. Asia-Pacific market size and forecast, by type
8.4.5. Asia-Pacific market size and forecast, by source
8.4.6. Asia-Pacific market size and forecast, by reaction type
8.4.7. Asia-Pacific market size and forecast, by application
8.5. LAMEA
8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. LAMEA market size and forecast, by country
8.5.3.1. Brazil
8.5.3.1.1. Market size and forecast, by type
8.5.3.1.2. Market size and forecast, by source
8.5.3.1.3. Market size and forecast, by reaction type
8.5.3.1.4. Market size and forecast, by application
8.5.3.2. South Africa
8.5.3.2.1. Market size and forecast, by type
8.5.3.2.2. Market size and forecast, by source
8.5.3.2.3. Market size and forecast, by reaction type
8.5.3.2.4. Market size and forecast, by application
8.5.3.3. Saudi Arabia
8.5.3.3.1. Market size and forecast, by type
8.5.3.3.2. Market size and forecast, by source
8.5.3.3.3. Market size and forecast, by reaction type
8.5.3.3.4. Market size and forecast, by application
8.5.3.4. Rest of LAMEA
8.5.3.4.1. Market size and forecast, by type
8.5.3.4.2. Market size and forecast, by source
8.5.3.4.3. Market size and forecast, by reaction type
8.5.3.4.4. Market size and forecast, by application
8.5.4. LAMEA market size and forecast, by type
8.5.5. LAMEA market size and forecast, by source
8.5.6. LAMEA market size and forecast, by reaction type
8.5.7. LAMEA market size and forecast, by application

CHAPTER 9: COMPANY PROFILES
9.1. AB Enzymes GmbH
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.1.4. Key strategic moves and developments
9.2. Advanced Enzyme Technologies Ltd.
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. Amano Enzyme Inc.
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Product portfolio
9.4. BASF SE (BASF Corporation)
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments
9.5. Codexis, Inc.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments
9.6. DowDuPont Inc.
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.7. F. Hoffmann-La Roche Ltd.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.8. Koninklijke DSM N.V.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.9. Novozymes A/S
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments
9.10. Thermo Fisher Scientific Inc. (Affymetrix, Inc.)
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments
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According to a new report titled, Enzymes Market, by Type, Source, Reaction Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2024," the global enzymes market was valued at $7,082 million in 2017, and is projected to reach $10,519 million in 2024, registering a CAGR of 5.7% from 2018 to 2024.

Enzymes are biocatalysts, which accelerate various biochemical reactions. In the current scenario, enzymes serve as useful biocatalysts for several industrial processes and chemical reactions Moreover, they play an important role in chemical engineering, food technology, and agriculture. The utilization of enzymes minimizes the cost, reduces the time of manufacturing process, and provides better substrate quality for reaction.

Enzymes are widely used in detergents industry to facilitate the removal of stains from clothes. In addition, they are employed in food and beverages industry in wide range of processes such as baking and brewing. In the pharmaceutical industry, enzymes are used for drug formulation. Moreover, enzyme-based drugs are used for the treatment of chronic conditions such as cancer and AIDS. In addition, enzymes are widely utilized in the biotechnology industry for research in the field of molecular biology. They are used in genetic engineering techniques to cut, replicate, and attach the DNA strands as per requirement. Furthermore, enzymes play a major role in the diagnosis of diseases such as cancer, cardiovascular diseases, and lysosomal disorder.

The factors that drive the growth of the enzymes market include upsurge in demand for cellulosic- & amylase-based biofuels, rise in need for effective pharmaceuticals & cosmetics, upsurge in usage of functional food & beverages (that contain enzymes), and increase in usage of enzyme-based techniques for detection & treatment of various chronic diseases. However, restrictions related to chemical properties of enzymes and safety issues arising due to the contamination of enzymes impede the market growth. On the contrary, surge in adoption of enzyme-based technology such as protein engineering and high untapped potential in the emerging economies are expected to provide lucrative growth opportunities for the market expansion.

The global enzymes market is segmented based on type into carbohydrase, protease, lipase, polymerase & nucleases, and others. The carbohydrase enzymes segments accounted for around two-thirds of market share in 2017. This is attributes to the fact that carbohydrase is the most prominent type of enzyme used in pharmaceutical and food industries. Moreover, commercial applications of carbohydrase in food products and detergents are expected to fuel the growth of the segment throughout the forecast period. Protease enzyme is the second largest revenue generator, as it is widely used for processing the proteins. Moreover, protease enzymes are used in DNA replications & transcription, cell proliferation & differentiation, ovulation, fertilization, and others. Polymerase and nuclease enzymes possess highest growth potential in the global enzymes market, and is expected to grow at a CAGR of 9.8% during analysis period.

Enzymes are obtained from three different sources, namely, plant source, animal source, and microorganisms. Microorganisms are the major source of enzymes, owing to the easy availability and low production cost.

Microorganisms, as a source of enzymes, held a dominant share in the global enzymes market, accounting for about two-thirds of market share in 2017. The purification of microorganism-derived enzymes is cumbersome as compared to the plant enzymes. This would lead to rapid growth of the plant-derived enzymes segment. However, microorganism-derived enzymes are anticipated to dominate the market in 2024, owing to their large-scale production, emergence of genetically engineered microorganisms, and vast applications. Enzymes derived from microorganism are more expensive than enzymes derived from plant sources, owing to the use of highly advanced techniques for the purification of enzymes form microorganism. This results in increased production cost. Enzymes derived from plant sources possess one of the highest growth potential, owing to the emergence of advance purification technologies that require less investments. Hence, enzymes derived from plant resources are expected grow at a CAGR of 6.4% during the forecast period.

Global enzymes market is segmented based on reaction type into hydrolase, oxidoreductase, transferase, lyase and others reaction types. Hydrolase is the most prominent type of enzymes used in the food and beverages, and detergents industries. Globally, hydrolase enzymes hold approximately two-third share in the total market share. Commercial applications of carbohydrase and protease enzymes in food products and detergents are expected to help hydrolases to maintain their dominance in the market throughout the forecast period. Oxidoreductase enzymes are the second largest revenue generators. Transferases possesses highest potential in global enzymes market, and is expected to grow at a high CAGR during analysis period.

Based on application, the global enzyme market is segmented into food & beverages, household care, bioenergy, pharmaceutical and biotechnology, feed, and other such as agriculture, paper & pulp processing, and leather processing. Enzymes are used in food processing as food additives for the purpose of modifying the properties of food such as shelf life, digestibility, texture, taste, and nutritional content. The enzymes used in laundry and dishwashing detergents are known as household care enzymes.

Enzymes boost the performance of detergents by improving the stain removal properties, garment care, and wash efficiency. Enzymes are widely used in pharmaceutical industry for drug formulation and in food industry for food processing and nutraceuticals. In addition, they have been widely used in the cosmetic industry for the formulation of beauty products. Enzymes play a major role in disease diagnostic such as pancreatic diseases. Increase in use of enzymes in advanced biotechnological processes such DNA diagnostics and protein engineering has fueled the growth of the global market. Moreover, increase in applications of enzymes in paper & pulp processing, leather processing, detergent production, and textile processing has boosted the demand for enzymes, thereby supplementing the market growth.

Key Findings of the Enzymes Market

The protease segment accounted for one-fourth share of the global enzymes market in 2017.
The lyase segment is expected to grow at highest CAGR of 7.3% from 2018 to 2024.
The animal source segment accounted for around one-fifth share of the global market in 2017.
Europe accounted for around one-third share of the global market in 2017.
LAMEA is expected to provide lucrative market growth opportunities at a CAGR of 6.9% from 2018 to 2024.

North America was the leading revenue contributor to the global enzymes market in 2017, and is expected to dominate the market during the forecast period. In North America, the U.S. leads the market, owing to increase in use of enzymes in pharmaceuticals and diagnostic applications. In addition, North American manufacturers are focusing on expanding the production capacity due to growing demands from the local market. Moreover, they are investing in new technologies to cater to the growing needs of the bioenergy industry. However, Asia-Pacific is expected to grow at the highest CAGR of 7.8% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness towards protein engineering techniques.
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