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PUBLISHER: Grand View Research | PRODUCT CODE: 1362936
PUBLISHER: Grand View Research | PRODUCT CODE: 1362936
Specialty Enzymes Market Size, Share & Trends Analysis Report By Source (Plants, Animal, Microorganisms), By Product (Carbohydrase, Proteases, Polymerases & Nucleases), By Application, By Region, And Segment Forecasts, 2023 - 2030
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Specialty Enzymes Market Growth & Trends:
The global specialty enzymes market size is expected to reach USD 8.88 billion by 2030, as per the new report by Grand View Research, Inc.. The market is expected to expand at a CAGR of 6.6% from 2023 to 2030. This is attributable to the specific yield optimization and catalytic reaction properties of specialty enzymes.
Pharmaceutical manufacturers across the globe have incorporated these specialty enzymes on account of their expanding applications particularly in processing fine chemicals and pure pharmaceutical drugs. The shift in trend towards the adoption of specialty enzymes in order to reduce reliance on conventional enzymes has been observed in the last few years and hence these enzymes are expected to penetrate the overall industry growth. Specialty enzymes are widely used to manufacture drugs to treat some fatal diseases such as cardiovascular diseases, cancer, and pain caused by age, asthma, hay fever, and lysosomal storage disorders in the pharmaceutical industry. The increasing prevalence of such diseases coupled with the growing geriatric population particularly in the U.S., Europe, and Japan is also expected to have a positive influence on industry growth.
Growth of the global pharmaceutical industry, growing number of biotechnology R&D, and advancement in enzyme engineering & green chemistry are expected to fuel the market over the forecast period. Difficulty in maintaining pH and operational temperature of specialty enzymes is expected to remain a key concern for key players. Legal & ethical issues coupled to lack of awareness among consumers regarding the benefits of specialty enzymes particularly in developing countries is also expected to pose threat to the market growth. However, the growing industrialization rate and advanced technologies adopted in the pharmaceutical industry in emerging markets of BRIC nations is expected to hold future opportunities for industry participants.
North America emerged as the largest regional specialty enzyme market owing to the presence of niche consumers and advanced technologies. An increase in population and growth in disposable income among consumers in emerging markets of China and India is expected to drive the industry demand in the Asia Pacific region. China, India, and Brazil are expected to be the most lucrative regional markets for specialty enzymes. Some of the key specialty enzyme manufacturers include Advanced Enzyme Technology Ltd. Affymetrix Inc., Advanced Enzyme Technology Ltd., Amano Enzyme Inc., Bbi Enzymes Ltd., Basf, Codexis Inc., Nagase & Co. Ltd., Life Technologies, Roche Holding Ag., and Sanofi S.A among others.
Specialty Enzymes Market Report Highlights:
- Animal sourced enzymes emerged as the fastest growing segment with a CAGR of 7.1% from 2023 to 2030. This is attributed to its ability to produce larger yields on low-cost media in a shorter amount of time.
- Carbohydrase emerged as the fastest growing type segment with a CAGR of 6.9% from 2023 to 2030. This is attributed to its growing awareness about shelf-life and freshness among bread manufacturers has led them to increase their expenditure in high-quality enzymes, especially alpha-amylase.
- Research & Biotechnology emerged as the fastest growing segment with a CAGR of 6.8% from 2023 to 2030. This is attributed to its further use in several end-use industries and possess health benefits. Ongoing research & development activities by major biotech companies including, Novartis AG, Sanofi, Bayer AG, and F.Hoffmann-La Roche Ltd, are projected to boost the enzyme demand over the forecast period.
- Asia Pacific emerged as the fastest growing region with a CAGR of 7.5% from 2023 to 2030. This is attributed to the increasing R&D activities in the country are anticipated to fuel the demand for specialty enzymes.
- Moreover, companies are involved in mergers, acquisitions, and product innovations to cater to the industry. For instance, in March 2022, Amano Enzyme, Inc., a major supplier of specialty enzymes to the food industry, announced that it had joined the Plant Protein Innovation Center (PPIC), an interdisciplinary research center dedicated to the study of plant and alternative proteins.
Product Code: GVR-4-68040-112-8
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Specialty Enzymes: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Enzymes Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing & Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.3. Factors Influencing Prices of Specialty Enzymes
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint ANalysis
- 3.5.3 Industry Opportunities
- 3.5.4 Industry Challenges
- 3.6 Industry Analysis Tools
- 3.6.1 PORTERs Analysis
- 3.6.2 Macroeconomic Analysis - PESTLE Analysis
Chapter 4 Specialty Enzymes Market: Supplier Portfolio Analysis
- 4.1 List of Raw Material Suppliers
- 4.2 Raw Material Trend
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Specialty Enzymes Market: Source Estimates & Trend Analysis
- 5.1 Source Movement Analysis & Market Share, 2022 & 2030
- 5.1.1 Plants
- 5.1.2 Animals
- 5.1.3 Microorganisms
Chapter 6 Specialty Enzymes Market: Product Estimates & Trend Analysis
- 6.1 Product Movement Analysis & Market Share, 2022 & 2030
- 6.1.1 Carbohydrases
- 6.1.2 Proteases
- 6.1.3 Lipases
- 6.1.4 Polymerases & Nucleases
- 6.1.5 Other Products
Chapter 7 Specialty Enzymes Market: Application Estimates & Trend Analysis
- 7.1 Application Movement Analysis & Market Share, 2022 & 2030
- 7.1.1 Pharmaceutical
- 7.1.2 Research & Biotechnology
- 7.1.3 Diagnostics
- 7.1.4 Biocatalyst
Chapter 8 Specialty Enzymes Market: Regional Estimates & Trend Analysis
- 8.1 Specialty Enzymes Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 Key country dynamics
- 8.2.2.2 U.S. Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Key country dynamics
- 8.2.3.2 Canada Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.4 Mexico
- 8.2.4.1 Key country dynamics
- 8.2.4.2 Mexico Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3 Europe
- 8.3.1 Europe Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Key country dynamics
- 8.3.2.2 Germany Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.3 UK
- 8.3.3.1 Key country dynamics
- 8.3.3.2 UK Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.4 France
- 8.3.4.1 Key country dynamics
- 8.3.4.2 France Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.5 Italy
- 8.3.5.1 Key country dynamics
- 8.3.5.2 Italy Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.6 Spain
- 8.3.6.1 Key country dynamics
- 8.3.6.2 Spain Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2 China
- 8.4.2.1 Key country dynamics
- 8.4.2.2 China Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.3 Japan
- 8.4.3.1 Key country dynamics
- 8.4.3.2 Japan Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.4 India
- 8.4.4.1 Key country dynamics
- 8.4.4.2 India Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 Key country dynamics
- 8.4.5.2 South Korea Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- 8.4.6 Indonesia
- 8.4.6.1 Key country dynamics
- 8.4.6.2 Indonesia Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- 8.4.7 Australia
- 8.4.7.1 Key country dynamics
- 8.4.7.2 Australia Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- 8.5 Central & South America
- 8.5.1 Central & South America Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Key country dynamics
- 8.5.2.2 Brazil Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.3 Argentina
- 8.5.3.1 Key country dynamics
- 8.5.3.2 Argentina Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.7.2 Saudi Arabia
- 8.7.2.1 Key country dynamics
- 8.7.2.2 Saudi Arabia Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.7.3 Turkey
- 8.7.3.1 Key country dynamics
- 8.7.3.2 Turkey Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Company Categorization
- 9.3 Vendor Landscape
- 9.3.1 List Of Key Distributors & Channel Partners
- 9.3.2 Key Potential End Users
- 9.4 Company Market Share Analysis, 2022
- 9.5 Company Heat Map Analysis
- 9.6 Market Participant's Overview
- 9.7 Financial Performance
- 9.8 Product Benchmarking
- 9.9 Strategy Mapping
- 9.9.1 Expansion
- 9.9.2 Mergers & Aquisitions
- 9.9.3 Partnership
- 9.9.4 New Product Launches
- 9.10 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 9.10.1 Advanced Enzyme Technology Ltd.
- 9.10.2 Amano Enzyme Inc
- 9.10.3 Bbi Enzymes Ltd.
- 9.10.4 BASF SE
- 9.10.5 Codexis Inc.
- 9.10.6 Nagase & Co. Ltd.
- 9.10.7 Life Technologies
- 9.10.8 Roche Holding Ag.
- 9.10.9 Sanofi S.A.
Product Code: GVR-4-68040-112-8
List of Tables
- Table 1 List of Raw Material Suppliers
- Table 2 U.S. macro-economic outlay
- Table 3 Canada macro-economic outlay
- Table 4 Mexico macro-economic outlay
- Table 5 Germany macro-economic outlay
- Table 6 UK macro-economic outlay
- Table 7 France macro-economic outlay
- Table 8 Italy macro-economic outlay
- Table 9 Spain macro-economic outlay
- Table 10 China macro-economic outlay
- Table 11 India macro-economic outlay
- Table 12 Japan macro-economic outlay
- Table 13 South Korea macro-economic outlay
- Table 14 Indonesia macro-economic outlay
- Table 15 Australia macro-economic outlay
- Table 16 Brazil macro-economic outlay
- Table 17 Argentina macro-economic outlay
- Table 18 Saudi Arabia macro-economic outlay
- Table 19 Turkey macro-economic outlay
- Table 20 Participant's Overview
- Table 21 Financial Performance
- Table 22 Product Benchmarking
- Table 23 Recent Developments & Impact Analysis, By Key Market Participants
- Table 24 List of Manufacturers
- Table 25 List of Key Distributors and Channel Partners
- Table 26 List of Potential End-Users
- Table 27 Key companies are undergoing expansions.
- Table 28 Key companies involved in mergers & acquisitions.
- Table 29 Key companies launching new products
List of Figures
- Fig. 1 Specialty Enzymes Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Specialty Enzymes Market Snapshot
- Fig. 7 Specialty Enzymes Market Segment Snapshot
- Fig. 8 Specialty Enzymes Market Competitive Landscape Snapshot
- Fig. 9 Global Specialty Enzymes Market Value, 2022 (USD Million)
- Fig. 10 Specialty Enzymes Market: Industry Value Chain Analysis
- Fig. 12 Specialty Enzymes Market Dynamics
- Fig. 13 Specialty Enzymes Market: PORTER's Analysis
- Fig. 14 Specialty Enzymes Market: PESTLE Analysis
- Fig. 15 Specialty Enzymes Market: Portfolio Analysis/ Kraljic Matric
- Fig. 16 Specialty Enzymes Market Estimates & Forecasts, by Source: Key Takeaways
- Fig. 17 Specialty Enzymes Market Share, By Source, 2022 & 2030
- Fig. 18 Specialty Enzymes Market Estimates & Forecasts, in Plants, 2018 - 2030 (USD Million)
- Fig. 19 Specialty Enzymes Market Estimates & Forecasts, in Animals, 2018 - 2030 (USD Million)
- Fig. 20 Specialty Enzymes Market Estimates & Forecasts, in Microorganisms, 2018 - 2030 (USD Million)
- Fig. 21 Specialty Enzymes Market Estimates & Forecasts, by Product: Key Takeaways
- Fig. 22 Specialty Enzymes Market Share, By Product, 2022 & 2030
- Fig. 23 Carbohydrases Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Proteases Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Lipases Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Polymerases & Nucleases Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Other Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Specialty Enzymes Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 29 Specialty Enzymes Market Share, By Application, 2022 & 2030
- Fig. 30 Specialty Enzymes Market Estimates & Forecasts, in Pharmaceutical, 2018 - 2030 (USD Million)
- Fig. 31 Specialty Enzymes Market Estimates & Forecasts, in Research & Biotechnology, 2018 - 2030 (USD Million)
- Fig. 32 Specialty Enzymes Market Estimates & Forecasts, in Diagnostics, 2018 - 2030 (USD Million)
- Fig. 33 Specialty Enzymes Market Estimates & Forecasts, in Biocatalyst, 2018 - 2030 (USD Million)
- Fig. 34 Specialty Enzymes Market Revenue, by Region, 2022 & 2030 (USD Million)
- Fig. 35 North America Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 36 U.S. Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Canada Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Mexico Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Europe Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Germany Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 UK Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 France Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Italy Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Spain Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Asia Pacific Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 China Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 India Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Japan Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 49 South Korea Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- Fig. 50 Indonesia Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- Fig. 51 Australia Specialty Enzymes Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
- Fig. 52 Central & South America Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Brazil Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Argentina Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 55 Middle East & Africa Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 56 Saudi Arabia Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 57 Turkey Specialty Enzymes Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 58 Company Market Positioning
- Fig. 59 Strategic Mapping
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