Enzymes Market - Global Industry Trends, Outlook,
Regulatory Bodies & Regulations and Key Market Players
Enzymes are molecular catalysts that accelerate chemical reactions to produce the
desired end-result. Enzymes include most proteins and RNA molecules. Enzyme
activity can be regulated by activators and inhibitors, which help increase and
decrease the activity of enzymes, respectively. Among product types, Lyases help in
catalyzing the structural formation of bonds within an atomic structure by adding or
removing chemical groups. The ligases can catalyze the bonding between different
substrates with the help of an energy source. Isomerases activate the restructuring
of chemicals within a particular molecule. Oxidoreductases help in oxidation
reduction, a process in which a specific atom donates its electron to a different atom,
while transferases help in the transfer of chemical groups from one substance to
another.
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Digestive enzymes such as amylase, gelatinase, and lipase have the ability to
convert food into usable compounds. Metabolic enzymes including acetyl
coenzymes A and Phosphoglycerate Dehydrogenase are generated in the body and
help in the optimal functioning of organs and tissues, while also regulating blood
flow. Food enzymes such as lactase, lipase, and protease are extracted from milk,
sugar, oil, meat, and nuts among others.
Factors including growing demand for specialty enzymes, blooming pharmaceutical
industry and focus on increased production in every end-use industry is expected to
drive growth of the global enzymes market over the forecast period (2016 – 2024).
Enzymes are widely used in the manufacturing of biofuels, paper, starch, dairy
products, biological detergents, while they are also used in molecular biology and in
the food processing and brewing industries, among others.
Europe, followed by North America is expected to lead the global enzymes market
over the forecast period, owing to high demand for functional food and presence of
large end-use industries such as food and pharmaceuticals in these developed
regions. However, rampant economic growth in emerging economies of India and
China, along with burgeoning growth of various end-use industries in Asia Pacific are
expected to position the region as the fastest-growing region in the global enzymes
market over the forecast period. Asia Pacific is expected to be the most lucrative
region in the enzymes market due to the growing population, which stirs the demand
for food and pharmaceuticals, and the increasing inclination towards functional food
among the populace.
Enzymes Market Outlook – Consumer Preference towards Functional Food to
Drive Market Growth
Special health attributes of consuming functional food such as reduced risk of
chronic diseases.
Growing health concerns due to the increasing sedentary lifestyle among the
populace, has led to a greater emphasis on creating and perpetuating healthcare
awareness by various government and private organizations. This, in turn, has
resulted in consumer awareness of the reduced disease risk attributes of functional
foods, thus increasing the demand for it. These factors are expected to drive growth
of the enzymes market over the forecast period. Enzymes are used to manufacture
functional foods. Enzymes such as protease, lipase, amylase, and cellulose are used
in functional foods to enhance its functional attributes, including enhanced digestion,
anti-oxidation, decreased cell aging, and nutrient properties. For instance, in order to
lower cholesterol count, omega 3 fatty acids and probiotic yogurts are used as
functional foods. Many scientists and researchers claim that omega 3 fatty acids also
improve brain functioning. According to a study conducted by Coherent Market
Insights, the global functional food market is estimated to reach US$ 65 billion by
2024 and is estimated to exhibit at a CAGR of over 15% over the forecast period.
Skin allergies triggered by detergents containing enzymes, coupled with high costs
associated with the safe handling of enzymes act as barriers for growth of the global
enzymes market. Enzymes used in detergents such as sodium tripolyphosphate,
sodium alkane carboxylates, and bacillus protease reportedly cause skin and eye
infections. Key players operating in the global enzymes market include Sanofi S.A.,
BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc., and AB
Enzymes.
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Enzymes Market report categorizes global market by source, product type, application, end users, and geography - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players