Global Specialty Enzymes Market is Anticipated to grow at a Significant Pace during the Forecast Period 2023-2030 and Cross USD 8.90 Billion by 2030

Published Date: Dec, 2023

The global specialty enzymes market was USD 5.52 billion in 2022 and is expected reach USD 8.90 billion by 2030 with a CAGR of 6.84% during the forecast period, i.e., 2023-2030. Specialty enzymes are highly specific biological catalysts tailored for particular industrial processes, finding applications in sectors like pharmaceuticals, food and beverages, and biofuel production. The specialty enzyme market is propelled by the increasing demand for sustainable industrial practices, technological advancements in biotechnology, and their critical role in enhancing efficiency and specificity in various processes. The pharmaceutical industry's reliance on enzymes for drug development further fuels market growth; however, challenges such as high production costs, stringent regulatory requirements, and limited awareness of specialized enzyme applications hinder the growth of the global specialty enzymes market. Competition from alternative technologies and uncertainties in the global economic landscape also pose obstacles. Balancing innovation with adherence to evolving regulatory standards and addressing cost-related concerns are crucial for the sustained growth of the specialty enzyme market.

In September 2023, Factorial Biotechnologies, an emerging single-cell sequencing company with a novel intracellular library preparation technology, announced a new collaboration with Ginkgo Bioworks to leverage Ginkgo Enzyme Services to develop a novel isothermal DNA polymerase for use in Factorial's single-cell next-generation sequencing (NGS) library prep kit. Ginkgo is providing these services under its success-based pricing model, created to help companies de-risk their research and development efforts.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Specialty Enzymes Market, by Type (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases, Other Enzymes), by Source (Microorganisms, Plants, and Animal), by End-Use Industry (Pharmaceuticals, Research & Biotechnology, Biocatalyst, Food & Beverages, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By type, carbohydrase dominate the global specialty enzymes market.

Based on the specialty enzymes type, the global specialty enzymes market is segmented into carbohydrase, proteases, lipases, polymerases & nucleases, other enzymes. Carbohydrase segment dominated the global specialty enzymes market in 2022 due to their versatile applications in various industries. Companies like Advanced Enzymes have invested significantly in research and development for carbohydrase products, enhancing their efficacy in processes like food production and biofuel manufacturing. The extensive use of carbohydrases in the textile industry, exemplified by partnerships like Novozymes collaborating with textile companies, further underscores their dominance. Their ability to break down complex carbohydrates aligns with the increasing demand for sustainable and eco-friendly industrial practices, driving the widespread adoption of carbohydrase enzymes across different sectors.

“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period in the global specialty enzymes market.”

The Asia-Pacific is expected to register the highest CAGR in the global specialty enzymes market due to increasing industrialization and investments in enzyme technologies. Notably, the establishment of production plants, like Amano Enzyme's facility in Southeast Asia, reflects the region's commitment to enzyme manufacturing. Partnerships, such as AB Enzymes collaborating with local companies for distribution, showcase the growing demand. With a rising emphasis on sustainable practices and diverse industrial applications, Asia-Pacific's dynamic market landscape positions it as a key contributor to the accelerating growth of the global specialty enzymes market.

Some of the major players in the global specialty enzymes market include Biocatalyst, Amano Enzyme, International Flavor & Fragrance Inc, Antozyme Biotech, Alphazyme LLC, Novozymes, Specialty Enzyme and Probiotics, Enzyme Development Corporation, BBI Solutions, Enzyme Supplies Limited.

Global Specialty Enzymes Market Coverage (By Value)

  • Type Insight and Forecast 2018-2030

  • Carbohydrase

  • Proteases

  • Lipases

  • Polymerases & nucleases

  • Other enzymes

  • Source Insight and Forecast 2018-2030

  • Microorganisms

  • Plants

  • Animal

  • End-use Industry Process Insight and Forecast 2018-2030

  • Pharmaceuticals

  • Research & Biotechnology

  • Biocatalyst

  • Food & Beverages

  • Other end-use industry

Geographical Segmentation

Global Specialty Enzymes Market by Region

  • North America

  • By Type

  • By Source

  • By End-use Industry

  • By Country – U.S., Canada, and Mexico

  • Europe

  • By Type

  • By Source

  • By End-use Industry

  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

  • Asia-Pacific (APAC)

  • By Type

  • By Source

  • By End-use Industry

  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

  • South America

  • By Type

  • By Source

  • By End-use Industry

  • By Country – Argentina, Brazil, Chile, and Rest of South America

  • Middle East and Africa

  • By Type

  • By Source

  • By End-use Industry

  • By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa