The size of the global market for Technical Enzymes is expected to reach USD 20.31 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.5 %.
.jpg "The Global Technical Enzymes Market 2020-2030 (USD Billion)")
Technical enzymes are basically bulk enzymes increasingly used in biofuels industry, pulp & paper industries, detergents, organic synthesis, and textile industry. increasing penetration in leather and bioethanol industry is expected to open new opportunities for technical enzymes industry over the coming years. Some major applications of technical enzymes include processing and production of textiles, degradation reaction in bio-polymer, waste paper treatment, splitting of proteins and carbohydrates in food industry.
The global technical enzymes market revenue was valued at >USD 1,200 Million in 2019. This can be attributed to the increasing demand for algae biofuels, rising need for petrochemicals alternatives, and growing research and development activities for technical enzymes. However, consumer perception towards enzymes, quality and safety issues, less transparency in patent protection laws, and stringent government regulations are expected to be the key market restraints over the forecast period. Increasing government regulations in North America, Europe, and Asia regarding reducing reliability on petrochemicals coupled with rising investment in biofuel industry is expected to open new avenues for technical enzymes industry over the projected period.
The Technical Enzymes Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 20.31 billion |
| Growth Rate | CAGR of 6.5 % during 2020-2030 |
| Segment Covered | Type,Product,Source,Regional |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | BASF, Dupont, ABF, Novozymes, DSM, Dyadic International, Advanced Enzymes Technologies, Maps Enzymes, Epygen Labs, and Megazyme. Moreover, the market comprises several other prominent players in the technical enzymes market that are Aumgene Biosciences, Enzymatic Deinking Technologies, TEX Biosciences, Denykem, Metgen, Creative Enzymes, Sunson Industry Group, Transbiodiesel, Enzyme Supplies, and Enzyme Solutions |
Key Segment Of The Technical Enzymes Market
Type, (USD Billion)
o Industrial Enzymes
• Food & Beverages
• Detergents
• Animal Feed
• Biofuels
• Textiles
• Pulp & Paper
• Nutraceutical
• Personal Care & Cosmetics
• Wastewater
• Others
o Specialty Enzymes
• Pharmaceutical
• Research & Biotechnology
• Diagnostics
• Biocatalyst
Product, (USD Billion)
• Animals
• Microorganisms
Source, (USD Billion)
• Below 5 kW
• 5–10 kW
• 10–20 kW
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The Global technical enzymes market is Segmented on the by Source, Application, Product, Regions
The technical enzymes market is growing at a CAGR of 6.5 % over the forecast period.
The application of the technical enzymes market Biofuel, Starch, Textiles & Leather, Paper & Pulp.
Rising technical enzyme demand from chemical industry is expected to open new opportunities for enzyme manufacturers to increase their production capabilities in order to cater growing industry requirement. Technical enzymes are increasingly used in detergent, pulp & paper, textile, and organic synthesis industry. biofuel industry accounted for the majority of the share in global technical enzyme market. Increasing biofuel production over the past few years is expected to open new avenues for the industry. For instance, global biofuel production has increased to 1,841.5 thousand barrels of oil equivalent per day in 2019 from its previous value of 1,183.0 thousand barrels of oil equivalent per day in 2010.
Source Segment
Based on the source, the market is segmented into microorganism, plant, and Animals. The microorganism source segment leads the market growth in 2019 and it is anticipated to hold its position during the forecast years. The market growth of this segment is mainly attributed to the growing adoption of microorganism based enzymes in pharmaceutical, detergents, and food & beverage industry. Microorganism based enzymes are further categorized in to yeast enzymes, fungal, and bacterial. Increasing adoption of fungal enzymes in food & beverage industry such as in dairy products, baked goods, beer, processed fruits, and soy sauce is further expected to drive the market.
Application Segment
In terms of the application, the market is segmented into biofuel, starch, textiles & leather, and Paper & Pulp. In 2019, biofuel accumulated the major market share and it is expected to do so over the forecast years. Increasing consumer trend towards alternatives to petrochemicals such as gasoline in order to reduce environmental emission is expected to open new opportunities for biofuels in coming years. Which in turns, is expected to increase technical enzymes market demand for biofuels.
Product Segment
In terms of the product, the market is segmented into Amylases, Cellulases, Proteases, Lipases, , and Others. Out of the above mentioned products, amylases are the most versatile and largely used enzyme in different industries by virtue of abundance of starch. Rising adoption in pharmaceutical industry for the production of cyclodextrins and conversion of starch in to sugar syrup is further expected to increase its market concentration in coming years.
The North America region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2018-2028. The market growth in this region is mostly ascribed to increasing pulp & paper, textile, and food & beverage industry in U.S. and Canada. Cost effective alternative to traditional catalyst, environmentally friendly, and technological advancement in technical enzyme industry is further expected to increase its market concentration in North America.
.png "North America Technical Enzymes Market, 2018-2028 (USD Million)")
The major players of the global technical enzymes market are BASF, Dupont, ABF, Novozymes, DSM, Dyadic International, Advanced Enzymes Technologies, Maps Enzymes, Epygen Labs, and Megazyme. Moreover, the market comprises several other prominent players in the technical enzymes market that are Aumgene Biosciences, Enzymatic Deinking Technologies, TEX Biosciences, Denykem, Metgen, Creative Enzymes, Sunson Industry Group, Transbiodiesel, Enzyme Supplies, and Enzyme Solutions. The technical enzymes market consists of well-established global as well as local players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.