Enzymatic Catalyst Market Size (2023 – 2030)

In 2022, the Global Enzymatic Catalyst Market was valued at USD 11.5 billion and is projected to reach a market size of USD 18.89 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 6.4%.

INDUSTRY OVERVIEW

Biochemical catalysts known as enzymes facilitate chemical reactions within cells. They promote digestion by promoting metabolism and breaking down lipids, proteins, and carbs. Catalysts known as enzymes are used in the manufacturing of a variety of foods, including cheese and bread, as well as in several industrial operations. These enzymes, which are often derived from plant, animal, or microbial tissues, are used to speed up and enhance chemical processes by building complexes with their substrates during transition states. Assisting in the body's creation of deoxyribonucleic acid (DNA) and other metabolic processes like food digestion is another function they can play. They are therefore frequently used in a variety of industrial verticals for a wide range of purposes, such as animal feed, biofuels, and cleaning agents. They also aid in toxin removal from the body, muscular development, and neuron function. They also support the transformation and conservation of chemical energy, the synthesis of cellular macromolecules from smaller precursors, and the prevention of illnesses like phenylketonuria and albinism. Enzymes have several uses in the global food and beverage (F&B), bioenergy, pharmaceutical, and biotechnology sectors because they are utilized in the fermentation of wine, the leavening of bread, curdling of cheese, and brewing of beer.

One of the major reasons propelling the market is the rising demand for enzymes in the pharmaceutical sector to synthesize intermediates in the manufacturing of active pharmaceutical ingredients (API) for potent medicines. In addition, the use of enzymes to turn starch into glucose is increasing in the food and beverage (F&B) sector. This is accelerating the market's expansion coupled with the expanding use of enzymes in protein engineering technologies. Enzymes are also being used more frequently to create biofuels since they use less energy and are better for the environment. This is having a favorable impact on the market, along with the rising demand for sustainable energy sources like biofuels. In addition, the growing need for enzymes in detergents to remove fat and oil stains is creating profitable expansion prospects for investors in the sector. In addition, the growing use of enzymes in the paper and pulp sector to enhance bleaching qualities is anticipated to support the market's expansion.

COVID-19 IMPACT ON THE ENZYMATIC CATALYST MARKET

The market for enzyme catalysts was significantly affected by the COVID-19 outbreak. The usage of enzyme catalysts in chemical, pharmaceutical, food and beverage, and other end-use sectors is expanding. The pandemic's slowdown, production halts, and trade restrictions had a significant impact on the food and beverage industry. Due to trade restrictions, labor shortages, disruptions in the availability of raw materials, and other tight constraints, the output of agricultural products and food processing shrank. The unstable demand-supply situation in the food business has led to the closure of several retail and food establishments. Food spending in the United States fell from USD 1.79 trillion in 2019 to USD 1.69 trillion in 2020, according to the United States Department of Agriculture (USDA). The use of several enzymes decreased as the food and agriculture industries struggled. As a result, the pandemic slowed and constrained the expansion of the enzyme business.

MARKET DRIVERS: 

High demand for detergent applications is fueling the market development

More and more microorganism-derived enzymes, including lipases, amylases, proteases, and others, are being used in the formulation of detergents. These enzymes are used in laundry detergents to remove stains like perspiration, protein stains, and others. The lipases are used to get rid of oily spots. These enzymes help with automated dishwashing and detergent-based cleaning treatments while saving electricity and being easy on the environment. For instance, in 2021, Unilever collaborated with LanzaTech and India Glycols to generate surfactants from industrial carbon emissions. As a result, the increasing demand for enzymes in detergent-based applications is promoting the development of enzymes in the personal care industry and providing significant market growth.

Increasing demand in the food and beverages sector is propelling the Enzymatic Catalyst market

Enzymes are increasingly used in the food industry for tasks including cheesemaking, dairy production, food preservation, and grain extraction. The breakdown of starch into sugar is catalyzed by the amylases. In addition, hydrolytic enzymes including proteases, lipases, cellulases, and others are increasingly employed in the processing of oils and fats, baking, brewing, and other processes. Therefore, the market for industrial enzymes is being driven by the expansion of the food and beverage industry. By the years 2025–2026, the food processing industry in India would generate USD 535 billion, predicts the India Brand Equity Foundation (IBEF). Additionally, the market for enzymes is seeing significant expansion due to the increasing demand for the use of enzymes in food products including bread, dairy processing, meat products, fruits, and vegetables; enzyme adsorption in food, among others.

MARKET RESTRAINTS:

Technical complications and instability in high temperature and handling may impede the market growth

The demand for enzymes is rising across a range of end-use industries. However, the sector faces a significant hurdle due to the sensitivity of industrial enzymes and pH. The substrate range and temperature stability of commercial enzymes are both constrained. Furthermore, as they are extremely sensitive to varied circumstances when isolated from the natural environment, the purification and isolation techniques may result in significant expenses. Thus, the industrial enzyme industry is experiencing a considerable slowdown and struggle as a result of different technical challenges and sensitivity difficulties in the enzymes.

Lack of standard regulation and high prices of raw materials may hamper the market growth

The usage of enzymatic catalysts is constrained by high raw material prices, which is impeding the expansion of the enzyme market throughout the forecast period. The future expansion of the enzymes market is anticipated to be constrained by the opaqueness of numerous nations' patent regulations. 

ENZYMATIC CATALYST MARKET REPORT COVERAGE:

This research report on the Enzymatic Catalyst Market has been segmented and sub-segmented based on Product, By Distribution Channel and By Region.

This research report on the Enzymatic Catalyst Market has been segmented and sub-segmented based on Type, Product, By Source and By Region

ENZYMATIC CATALYST MARKET – BY TYPE

• Industrial enzymes
• Specialty enzymes

Based on the type, the enzymatic catalyst market is segmented into Industrial enzymes and Specialty enzymes. With a revenue share of more than 56.70 % in 2021, the industrial segment led the market. This is related to the increase in product demand across a range of end-use sectors, including wastewater, paper & pulp, detergent, textiles, animal feed, and food & beverage. It is anticipated that product inclusion in detergents would be fueled by the rising usage of detergents in industrial and domestic applications in Brazil, China, and India, three emerging economies. They are utilized in the production of cellulosic ethanol from cellulosic material. Rising fossil fuel consumption is predicted to boost demand for biofuels, which will then stimulate product demand.

In addition, the increased use of paper in packaging due to several environmental concerns, as well as its light weight and ease of use, is anticipated to increase demand for products in the pulp & paper production industry. They are widely employed in several end-use sectors and find uses in research and biotechnology. Because they enable cells to participate in chemical processes, enzymes including anhydrase, catalase, dismutase, elastase, protease, and tyrosinase are utilized in biotechnology. In the upcoming years, industry expansion is anticipated to be aided by rising demand for pharmaceuticals.

ENZYMATIC CATALYST MARKET – BY PRODUCT

• Carbohydrate
• Proteases
• Lipases
• Polymerases & Nucleases
• Others

Based on the type, the enzymatic catalyst market is segmented into Carbohydrate, Proteases, Lipases, Polymerases & Nucleases and Others. The industry was led by the carbohydrase segment, which in 2021 contributed the majority of the total revenue with a share of more than 47,000%. This is due to the rising demand from a variety of end-use industries, including, among others, the food and beverage industry, the animal feed industry, and the pharmaceutical industry. During the projection period, demand is also anticipated to be driven by the need for pectinases and amylases used in the liquefaction, clarification, and maceration of fruit juices to increase product quality and volume. Protease is widely employed in a variety of products, including detergents, food, chemicals, and pharmaceuticals, for the catalytic hydrolysis of protein peptides into amino acids.

During the projection period, it is anticipated that the burgeoning pharmaceutical, detergent, and chemical end-use sectors in developing nations like China, India, and Brazil would further support market expansion. It takes lipases to break down, move, and process different dietary lipids including fats, oils, and triglycerides. In the years to come, industry expansion is predicted to be driven by the increasing demands for phospholipase as a biocatalyst from a variety of end-use applications, including farming, biofuels, bioremediation, skincare, detergent, food, leather, nutraceuticals, and oil.

ENZYMATIC CATALYST MARKET - BY SOURCE

• Plants
• Animals
• Microorganism

Based on the source, the enzymatic catalyst market is segmented into Plants, Animals and Microorganisms. In 2021, the microorganisms source market category held the largest market share, accounting for over 85.00 % of worldwide revenue. This significant market share might be ascribed to the increasing demand for enzymes derived from fungus for a variety of end-use applications. Since fungi-based enzymes are best suited for vegetarian diets, demand for the products is projected to increase in the upcoming years. In 2021, the animal source market contributed the second-largest portion of worldwide revenue. The pancreas and stomach of pigs and cattle are used to obtain animal-based enzymes.

Pancreatic cancer, exocrine pancreatic insufficiency, and pancreatitis are among conditions that can be treated with these products. Over the predicted years, it is predicted that this would increase demand for them in the worldwide pharmaceutical industry. Plants are used to extract enzymes on a plant-based basis. Pineapple is the source of the enzyme bromelain, which is a plant. Lipase, protease, cellulase, and amylase are just a few of the important enzymes that may be found in plants. Given their capacity to reduce acid reflux, heartburn, and other digestive issues, plant-based products are in high demand.

ENZYMATIC CATALYST MARKET - BY REGION

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

By region, the Enzymatic Catalyst Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. In 2021, the North American area dominated the market, contributing the highest %age—more than 37.50 %—of worldwide revenue. This is due to the presence of several end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceutical industries, as well as the significant potential for R&D activities in the region's key economies. An increasing meat output, notably in China, is supposed to induce the Asia Pacific area to grow at the quickest CAGR between 2022 and 2030. Due to increased demand from the pharmaceutical and food and beverage sectors, there is a major increase in demand for protease and carbohydrase across the nation which is eventually fueling the enzymatic catalyst market. It is also anticipated that the growing usage of nuclease and polymerase enzymes in biotechnology applications would fuel business expansion. Due to the growing population and rising income levels in emerging nations like Brazil and Columbia, the industry development is predicted to be boosted by expanding textile and food and beverage businesses. The pharmaceutical and cosmetics industries are predicted to expand in the Middle East and Africa (MEA) as a result of several factors, including rising health awareness, rising disposable income, and rising demand for high-end cosmetic products, all of which are intended to enhance product demand in the aforementioned industries.

ENZYMATIC CATALYST MARKET - BY COMPANIES

Some of the major players operating in the Enzymatic Catalyst Market include:

1. BASF SE
2. NOVOZYMES
3. DUPONT DANISCO
4. DSM
5. NOVUS INTERNATIONAL
6. ADISSEO
7. ASSOCIATED BRITISH FOODS PLC
8. CHR. HANSEN HOLDING A/S
9. ADVANCED ENZYME TECHNOLOGIES
10. LESAFFRE
11. ENZYME DEVELOPMENT CORP.

NOTABLE HAPPENING IN THE ENZYMATIC CATALYST MARKET

• ACQUISITION- Kerry purchased Enmex, a company that manufactures enzymes, in February 2022. As well as providing a solid manufacturing basis, it is intended to expand Kerry's portfolio of biotechnology and enzyme products.
• EXPANSION- The Axtra PHY GOLD, a top producer of phytase enzymes, expands into nations including Thailand, Australia, and Malaysia in July 2021. The cost of feed is decreased and sustainability is provided by this recently introduced phytase enzyme.
• COLLABORATION- In April 2021, BASF and Sandoz GmbH inked a deal for BASF to invest in the Kundl/Schaftenau campus. This arrangement required BASF to create the manufacturing footprint for the enzymes and biotechnology products.