酵素市場 : 2029年までの世界予測

Enzymes Market - Global Forecast To 2029

酵素市場 : 製品タイプ (工業用酵素&特殊酵素)、供給源 (微生物、植物、動物)、タイプ、工業用酵素の用途、特殊酵素の用途、反応の種類と地域別 - 2029年までの世界予測
Enzymes Market by Product Type (Industrial Enzymes and Specialty Enzymes), Source (Microorganism, Plant, and Animal), Type, Industrial Enzyme Application, Specialty Enzymes Application, Reaction Type and Region - Global Forecast to 2029
出版年月2024年6月
ページ数412
図表数524
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

According to MarketsandMarkets, the enzymes market is projected to reach USD 20.4 billion by 2029 from USD 14.0 billion by 2024, at a CAGR of 7.8% during the forecast period in terms of value.

酵素市場は 2024 年までに 140 億米ドルから 2029 年までに 204 億米ドルに達すると予測されており、金額ベースでは予測期間中に 7.8% の CAGR で成長します。

酵素市場 : 2029年までの世界予測

In the food and beverage sector, carbohydrases are crucial for enhancing product quality and process efficiency. For instance, amylases are vital in starch hydrolysis during brewing and baking, while lactases facilitate lactose breakdown in dairy products for lactose-intolerant consumers. Moreover, carbohydrases play a significant role in the production of biofuels by converting biomass into fermentable sugars, supporting sustainable energy initiatives. In the animal feed industry, these enzymes improve nutrient absorption and digestion, optimizing feed efficiency and animal health. Their application extends to textile processing, where they aid in achieving desired fabric textures and finishes. Carbohydrases’ ability to address diverse industrial needs effectively underscores their prominence in driving innovation and economic growth within the enzymes market.

酵素市場 : 2029年までの世界予測 ecosystem

” By source, Microorganisms are estimated to dominate the market during the forecast period.”
Microorganisms stand out as a prevalent and versatile source due to their ability to produce a wide range of enzymes efficiently. In the enzymes market is the production of proteases, a type of enzyme crucial for various industrial applications such as detergent formulation, food processing, and pharmaceutical manufacturing. Microorganisms, particularly bacteria like Bacillus and fungi like Aspergillus, are prolific producers of proteases. For instance, Bacillus subtilis is renowned for its secretion of proteases suitable for detergent formulations due to its effectiveness in breaking down protein-based stains. Additionally, the advent of genetic engineering techniques has further boosted microbial enzyme production. Through genetic manipulation, scientists can enhance microbial strains to overproduce specific enzymes or modify enzyme properties to meet desired industrial requirements. This capability has significantly expanded the range and efficacy of microbial enzymes, reinforcing their dominance in the market.

“Europe will significantly contribute towards market growth during the forecast period.”
Europe’s contribution to enzymes market growth during the forecast period will be driven by its leadership in sustainable practices and technological innovation. Specifically, the region’s focus on green chemistry and circular economy principles will propel the demand for enzymes in various sectors. For instance, in the detergent industry, European regulations promoting phosphate-free products have led to increased adoption of enzyme-based detergents, which offer superior stain removal without environmental harm. Additionally, Europe’s strong emphasis on biofuels and renewable energy sources will boost the use of enzymes in biomass conversion and biofuel production processes. Collaborations between European enzyme manufacturers and research institutions, such as the EU-funded projects fostering enzyme discovery and optimization, will further accelerate market growth by facilitating the development of novel enzyme solutions tailored to specific industrial needs. According to CORDIS – EU research results, starting in December 2023, the EU-funded FuturEnzyme project aims to develop low-cost enzymes for eco-friendly consumer products like textiles, detergents, and cosmetics. Through innovative solutions and collaborative efforts, it will receive approximately USD 6.71 billion for enzyme discovery and optimization until May 2025. Overall, Europe’s commitment to sustainability, coupled with its advanced research capabilities and supportive regulatory environment, positions it as a key driver of innovation and market expansion in the enzyme sector.

Break-up of Primaries:
By Company Type: Tier1-40%, Tier 2-32%, Tier 3- 28%
By Designation: C-level-45%, D-level – 33%, and Others- 22%
By Region: North America – 15%, Europe – 20%, Asia Pacific – 40%, South America-12%, RoW – 13%,
Others include sales managers, territory managers, and product managers.

酵素市場 : 2029年までの世界予測 region

Leading players profiled in this report:
• BASF SE (Germany)
• International Flavors & Fragrances Inc. (US)
• dsm-firmenich (Switzerland)
• Associated British Foods plc (England)
• Novozymes A/S (Denmark)
• Kerry Group plc. (Ireland)
• Dyadic International Inc (US)
• Advanced Enzyme Technologies (India)
• Aumgene Biosciences (India)
• Amano Enzyme Inc (Japan)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Codexis, Inc. (US)
• Sanofi (France)
• Merck KGaA (Germany)
• Adisseo (China)
• Lesaffre Corporation (France)
• Enzyme Solutions (US)
• Enzymatic Deinking Technologies, LLC (US)
• Creative Enzymes (US)
• Tex Biosciences (P) Ltd. (India)
• DENYKEM (UK)
• MetGen (Finland)
• Biovet S.A. (Spain)
• Biocatalysts (UK)
• Alltech (US)
The study includes an in-depth competitive analysis of these key players in the enzymes market with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report segments the enzymes market based on product type, type, source, reaction types, industrial enzyme applications, specialty enzyme applications, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global enzymes market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall enzymes market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Growing environmental concerns and increasing demand for biofuel), restraints (Stringent regulatory framework), opportunities (Demand for alternatives to synthetic chemicals), and challenges (Excessive Costs of Raw Materials Limiting enzymes Usage) influencing the growth of the enzymes market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the enzymes market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the enzymes market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the enzymes market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as BASF SE (Germany), International Flavors & Fragrances Inc. (US), dsm-firmenich (Switzerland), Associated British Foods plc (England), Novozymes A/S (Denmark), Kerry Group plc. (Ireland), among others in the enzymes market strategies. The report also helps stakeholders understand the enzymes market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            53

1.1         STUDY OBJECTIVES      53

1.2         MARKET DEFINITION   54

1.3         STUDY SCOPE  54

FIGURE 1           MARKET SEGMENTATION         54

1.3.1      REGIONS COVERED      55

FIGURE 2           ENZYMES MARKET SEGMENTATION, BY REGION           55

1.3.2      YEARS CONSIDERED     55

FIGURE 3           STUDY PERIOD CONSIDERED   55

1.4         CURRENCY CONSIDERED          56

TABLE 1             USD EXCHANGE RATES CONSIDERED, 2020–2023            56

1.5         UNIT CONSIDERED       56

1.6         STAKEHOLDERS            56

1.7         SUMMARY OF CHANGES            57

1.7.1      RECESSION IMPACT      57

2            RESEARCH METHODOLOGY     58

2.1         RESEARCH DATA           58

FIGURE 4           ENZYMES MARKET: RESEARCH DESIGN 58

2.1.1      SECONDARY DATA       59

2.1.1.1   Key data from secondary research    59

2.1.2      PRIMARY DATA 60

2.1.2.1   Key data from primary sources         60

2.1.2.2   Key industry insights          61

2.1.2.3   Breakdown of primary interviews     62

FIGURE 5           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    62

2.2         FACTOR ANALYSIS        62

2.2.1      INTRODUCTION            62

2.2.2      DEMAND-SIDE ANALYSIS           63

FIGURE 6           KEY ECONOMIES BASED ON GDP, 2020–2023 (USD BILLION)              63

2.2.3      SUPPLY-SIDE ANALYSIS             63

2.3         MARKET SIZE ESTIMATION       64

2.3.1      APPROACH ONE (BASED ON INDUSTRY AND PRODUCT TYPE, BY REGION)            64

FIGURE 7           ENZYMES MARKET: APPROACH ONE (BOTTOM-UP APPROACH)     64

2.3.2      APPROACH TWO (BASED ON GLOBAL MARKET)            65

FIGURE 8           ENZYMES MARKET: TOP-DOWN APPROACH     65

2.4         DATA TRIANGULATION             66

FIGURE 9           DATA TRIANGULATION METHODOLOGY         66

2.5         RESEARCH ASSUMPTIONS         67

2.6         RESEARCH LIMITATIONS           67

FIGURE 10         ENZYMES MARKET: RESEARCH LIMITATIONS   67

2.7         RECESSION IMPACT ANALYSIS 68

2.7.1      MACRO INDICATORS OF RECESSION    68

FIGURE 11         RECESSION INDICATORS           68

FIGURE 12         WORLD INFLATION RATE: 2013–2023     68

FIGURE 13         GLOBAL GROSS DOMESTIC PRODUCT: 2013–2023 (USD TRILLION)        69

FIGURE 14         RECESSION INDICATORS AND THEIR IMPACT ON ENZYMES MARKET            70

FIGURE 15         ENZYMES MARKET: CURRENT FORECAST VS. RECESSION FORECAST        71

3            EXECUTIVE SUMMARY 72

TABLE 2             ENZYMES MARKET SNAPSHOT, 2024 VS. 2029     72

FIGURE 16         ENZYMES MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)              73

FIGURE 17         ENZYMES MARKET, BY PRODUCT TYPE, 2024 VS. 2029 (USD MILLION)          74

FIGURE 18         ENZYMES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)              74

FIGURE 19         INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)     75

FIGURE 20         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 75

FIGURE 21         ENZYMES MARKET SHARE, BY REGION, 2023      76

4            PREMIUM INSIGHTS      77

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENZYMES MARKET              77

FIGURE 22         ADVANCEMENTS IN ENZYME ENGINEERING AND TECHNOLOGICAL INNOVATIONS TO DRIVE MARKET   77

4.2         ENZYMES MARKET: SHARES OF MAJOR REGIONAL SUBMARKETS              77

FIGURE 23         US ACCOUNTED FOR LARGEST MARKET SHARE IN 2023              77

4.3         ASIA PACIFIC: ENZYMES MARKET, BY PRODUCT TYPE & COUNTRY              78

FIGURE 24         CHINA TO ACCOUNT FOR LARGEST MARKET SHARE IN ASIA PACIFIC IN 2024              78

4.4         INDUSTRIAL ENZYMES MARKET, BY TYPE         78

FIGURE 25         CARBOHYDRASES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       78

4.5         SPECIALTY ENZYMES MARKET, BY TYPE            79

FIGURE 26         CARBOHYDRASES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       79

4.6         ENZYMES MARKET, BY PRODUCT TYPE 79

FIGURE 27         INDUSTRIAL ENZYMES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       79

4.7         ENZYMES MARKET, BY SOURCE              80

FIGURE 28         MICROORGANISMS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD     80

5            MARKET OVERVIEW     81

5.1         INTRODUCTION            81

5.2         MACROECONOMIC INDICATORS           81

5.2.1      INCREASE IN RETAIL SALES       81

FIGURE 29         RETAIL AND FOOD SERVICE SALES IN US, 2018–2023 (USD BILLION)           82

5.2.2      GROWTH OPPORTUNITIES IN ASIA PACIFIC AND SOUTH AMERICA              82

FIGURE 30         ANNUAL GDP GROWTH RATE IN ASIAN COUNTRIES, 2023              83

5.3         MARKET DYNAMICS     83

FIGURE 31         ENZYMES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES        83

5.3.1      DRIVERS            84

5.3.1.1   Growing environmental concerns and increasing demand for biofuels      84

FIGURE 32         GROWING DEMAND FOR BIOFUELS (2021–2030)             85

5.3.1.2   Advancements in R&D activities for technical enzymes              85

5.3.1.3   Shift toward green energy  85

FIGURE 33         BIOETHANOL PRODUCTION WORLDWIDE, 2019–2021   86

5.3.1.4   Multifunctionalities of enzymes       87

TABLE 3             APPLICATIONS AND BENEFITS OF ENZYMES    87

5.3.2      RESTRAINTS     90

5.3.2.1   Stringent regulatory framework       90

5.3.2.2   Influence of environmental factors on enzyme structure and functions     90

5.3.2.3   High cost incurred by SMEs in adapting to new technologies     91

5.3.3      OPPORTUNITIES           91

5.3.3.1   Demand for alternatives to synthetic chemicals            91

5.3.3.2   Technological innovations and wide industry scope      91

5.3.3.3   Emergence of encapsulation to enhance enzyme shelf life          92

5.3.4      CHALLENGES   93

5.3.4.1   High cost of raw materials 93

5.3.4.2   Concerns over enzyme quality in food & beverages and feed industries    93

5.3.4.3   Lack of transparency in patent protection laws             93

6            INDUSTRY TRENDS       95

6.1         INTRODUCTION            95

6.2         SUPPLY CHAIN ANALYSIS          95

FIGURE 34         ENZYMES MARKET: SUPPLY CHAIN ANALYSIS   96

6.3         VALUE CHAIN ANALYSIS            96

FIGURE 35         ENZYMES MARKET: VALUE CHAIN ANALYSIS    97

6.4         TRADE ANALYSIS          98

6.4.1      EXPORT SCENARIO OF SPECIALTY ENZYMES    98

FIGURE 36        EXPORT VALUE OF SPECIALTY ENZYMES FOR KEY COUNTRIES, 2020–2023 (USD THOUSAND)     98

TABLE 4             TOP 5 EXPORTERS OF SPECIALTY ENZYMES (HS CODE 350790), 2023 (USD THOUSAND) 98

6.4.2      IMPORT SCENARIO OF SPECIALTY ENZYMES    99

FIGURE 37        IMPORT VALUE OF SPECIALTY ENZYMES FOR KEY COUNTRIES, 2020–2023 (USD THOUSAND)     99

TABLE 5             TOP 5 IMPORTERS OF SPECIALTY ENZYMES (HS CODE 350790), 2023 (USD THOUSAND) 99

6.5         TECHNOLOGY ANALYSIS           100

6.5.1      KEY TECHNOLOGIES    100

6.5.1.1   Precision fermentation      100

6.5.1.2   Enzyme engineering          100

6.5.2      ADJACENT TECHNOLOGIES      100

6.5.2.1   Solid-state fermentation    100

6.6         PRICING ANALYSIS        101

6.6.1      AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY ENZYME TYPE              101

TABLE 6             AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY ENZYME TYPE, 2024 (USD/KG)  101

6.6.2      AVERAGE SELLING PRICE TRENDS, BY PRODUCT TYPE 101

FIGURE 38         AVERAGE SELLING PRICE TRENDS, BY PRODUCT TYPE, 2022–2024 (USD/KG) 102

6.6.3      AVERAGE SELLING PRICE TREND ANALYSIS      102

FIGURE 39         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE (USD/KG)        102

TABLE 7             ENZYMES MARKET: AVERAGE SELLING PRICE, BY PRODUCT TYPE, 2020–2023 (USD/KG)         102

TABLE 8            AVERAGE SELLING PRICE TRENDS FOR INDUSTRIAL ENZYMES, BY REGION, 2020–2023 (USD/KG)            103

6.7         ECOSYSTEM ANALYSIS/MARKET MAP   103

6.7.1      SUPPLY SIDE    103

6.7.2      DEMAND SIDE  103

FIGURE 40         ENZYMES MARKET ECOSYSTEM             104

FIGURE 41         ENZYMES MARKET MAP             105

TABLE 9             ENZYMES MARKET: SUPPLY CHAIN (ECOSYSTEM)         105

6.8         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       106

FIGURE 42         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS: REVENUE SHIFT FOR FOOD ENZYMES MARKET 106

6.9         PATENT ANALYSIS        106

FIGURE 43         NUMBER OF PATENTS GRANTED BETWEEN 2018 AND 2023              107

FIGURE 44         TOP 10 INVESTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS   107

TABLE 10           ENZYMES MARKET: LIST OF MAJOR PATENTS, 2020–2024              108

6.10       KEY CONFERENCES AND EVENTS          110

TABLE 11           ENZYMES MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025          110

6.11       REGULATORY LANDSCAPE       111

6.11.1    REGULATORY LANDSCAPE, BY COUNTRY/REGION       111

6.11.1.1 US         111

TABLE 12           ENZYME PREPARATIONS APPROVED FOR FOOD ADDITIVES

LISTED IN 21 CFR 173    111

TABLE 13           ENZYME PREPARATIONS SPECIFIED IN FOOD STANDARDS              111

TABLE 14           ENZYME PREPARATIONS AFFIRMED AS GRAS LISTED IN 21 CFR 184        112

6.11.1.2 Europe  113

TABLE 15           LIST OF PERMITTED ENZYMES IN EUROPE        113

6.11.1.2.1            EU legislation relevant to food enzymes         113

6.11.1.3 Asia Pacific          113

6.11.1.3.1            China     114

6.11.1.3.2            India      114

6.11.1.3.3            Australia & New Zealand   114

6.11.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          115

TABLE 16           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         115

TABLE 17           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         115

TABLE 18           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         116

6.12       PORTER’S FIVE FORCES ANALYSIS         116

TABLE 19           ENZYMES MARKET: PORTER’S FIVE FORCES ANALYSIS 116

6.12.1    INTENSITY OF COMPETITIVE RIVALRY 117

6.12.2    BARGAINING POWER OF SUPPLIERS     117

6.12.3    BARGAINING POWER OF BUYERS           117

6.12.4    THREAT OF SUBSTITUTES         117

6.12.5    THREAT OF NEW ENTRANTS    117

6.13       KEY STAKEHOLDERS AND BUYING CRITERIA    118

6.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         118

FIGURE 45         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR ENZYME TYPES 118

TABLE 20           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR ENZYME TYPES 118

6.13.2    BUYING CRITERIA         118

TABLE 21           KEY BUYING CRITERIA FOR TOP 3 INDUSTRIAL ENZYME APPLICATIONS 119

FIGURE 46         KEY BUYING CRITERIA FOR TOP 3 INDUSTRIAL ENZYME APPLICATIONS 119

6.14       CASE STUDY ANALYSIS 120

6.14.1    PROCESS OPTIMIZATION IN ENZYME PRODUCTION     120

6.14.2    HEALTH COMPANY LAUNCHED NEW ENZYME TO AID BREWERS IN ADJUNCT BREWING      120

6.14.3    CODEXIS INC (US) DEPLOYED ITS CODEEVOLVER PLATFORM TO DEVELOP A HIGHLY EFFICIENT AND STEREOSPECIFIC KETOREDUCTASE ENZYME            121

6.14.4    INTERNATIONAL FLAVORS & FRAGRANCES INC. (US) LAUNCHED NEW ENZYME FOR DAIRY PRODUCTS TO REDUCE LACTOSE LEVELS AND BRING BALANCED SWEETNESS             121

6.15       INVESTMENT AND FUNDING SCENARIO            122

FIGURE 47         INVESTMENT AND FUNDING SCENARIO            122

7            ENZYMES MARKET, BY SOURCE              123

7.1         INTRODUCTION            124

FIGURE 48         ENZYMES MARKET, BY SOURCE, 2024 VS. 2029   124

TABLE 22           ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION)              125

TABLE 23           ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION)              125

7.2         MICROORGANISM         125

7.2.1      HUGE PRODUCTION IN LESS TIME TO BOOST INDUSTRIAL USE OF MICROBIAL ENZYMES  125

TABLE 24           MICROORGANISM: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION) 126

TABLE 25           MICROORGANISM: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION) 126

7.3         PLANT 126

7.3.1      VERSATILITY ACROSS TEMPERATURES TO DRIVE DEMAND FOR PLANT-BASED ENZYMES           126

TABLE 26           PLANT: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          127

TABLE 27           PLANT: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          128

7.4         ANIMAL             128

7.4.1      TEMPERATURE SENSITIVITY TO DISCOURAGE INDUSTRIAL USE OF ANIMAL-BASED ENZYMES         128

TABLE 28           ANIMAL: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          129

TABLE 29           ANIMAL: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          129

8            ENZYMES MARKET, BY TYPE     130

8.1         INTRODUCTION            131

FIGURE 49         ENZYMES MARKET, BY TYPE, 2024 VS. 2029         131

TABLE 30           ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION)              132

TABLE 31           ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION)              132

TABLE 32           CARBOHYDRASES: ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION) 132

TABLE 33           CARBOHYDRASES: ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION) 133

8.2         CARBOHYDRASES         133

TABLE 34           CARBOHYDRASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION) 134

TABLE 35           CARBOHYDRASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION) 134

8.2.1      AMYLASES        134

8.2.1.1   Rising demand from food & beverage and textile industries to drive market              134

TABLE 36           AMYLASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          135

TABLE 37           AMYLASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          136

8.2.2      CELLULASES    136

8.2.2.1   Complex nature to boost demand in industrial and specialty applications 136

TABLE 38           CELLULASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          137

TABLE 39           CELLULASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          137

8.2.3      OTHER CARBOHYDRASES         137

8.2.3.1   Stability in Enzyme Activity Drives Demand in Various Industrial Applications              137

TABLE 40           OTHER CARBOHYDRASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          138

TABLE 41           OTHER CARBOHYDRASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          138

8.3         PROTEASES      139

8.3.1      COMPETENT CHARACTERISTICS TO HYDROLYZE PROTEINS TO BOOST INDUSTRIAL USE           139

TABLE 42           PROTEASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          139

TABLE 43           PROTEASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          140

8.4         LIPASES             140

8.4.1      COMMERCIALIZATION OF BIOFUEL PRODUCTION FROM ENZYMATIC PROCESSES TO DRIVE MARKET 140

TABLE 44           LIPASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          141

TABLE 45           LIPASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          141

8.5         POLYMERASES & NUCLEASES   141

8.5.1      DEMAND FOR POLYMERASES & NUCLEASES IN NUCLEIC ACID PROCESSES       141

TABLE 46           POLYMERASES & NUCLEASES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          142

TABLE 47           POLYMERASES & NUCLEASES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          142

8.6         OTHER ENZYMES          143

TABLE 48           OTHER ENZYMES: ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION) 144

TABLE 49           OTHER ENZYMES: ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION) 144

9            ENZYMES MARKET, BY PRODUCT TYPE 145

9.1         INTRODUCTION            146

FIGURE 50         ENZYMES MARKET, BY PRODUCT TYPE, 2024 VS. 2029 (USD MILLION)          146

TABLE 50           ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          147

TABLE 51           ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          147

TABLE 52           ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (KILOTONS)              147

TABLE 53           ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (KILOTONS)              147

9.2         INDUSTRIAL ENZYMES 148

9.2.1      GROWTH IN FOOD & FEED PROCESSING INDUSTRIES TO DRIVE MARKET            148

TABLE 54           INDUSTRIAL ENZYMES AND THEIR APPLICATIONS       149

TABLE 55           INDUSTRIAL ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION)          150

TABLE 56           INDUSTRIAL ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION)          151

TABLE 57           INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          151

TABLE 58           INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          151

9.3         SPECIALTY ENZYMES   152

9.3.1      RISING CLINICAL IN VITRO DIAGNOSTIC INDUSTRY TO DRIVE MARKET            152

TABLE 59           SPECIALTY ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION)          152

TABLE 60           SPECIALTY ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION)          153

TABLE 61           SPECIALTY ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          153

TABLE 62           SPECIALTY ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          153

10          INDUSTRIAL ENZYMES MARKET, BY APPLICATION       154

10.1       INTRODUCTION            155

FIGURE 51         INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024 VS. 2029      156

TABLE 63           INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 156

TABLE 64           INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 157

TABLE 65           INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (KILOTONS)     157

TABLE 66           INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (KILOTONS)     158

TABLE 67           INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          158

TABLE 68           INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          159

10.2       FOOD & BEVERAGES     159

TABLE 69           FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       160

TABLE 70           FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       160

TABLE 71           FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           160

TABLE 72           FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           161

10.2.1    MEAT PROCESSING       161

10.2.1.1 Enzymes tenderize meat through protein modification 161

TABLE 73           MEAT PROCESSING: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       162

TABLE 74           MEAT PROCESSING: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       162

10.2.2    DAIRY PRODUCTS         162

10.2.2.1 Increasing use of enzymes for cheese production and flavoring  162

TABLE 75           DAIRY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       163

TABLE 76           DAIRY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       164

10.2.3    BEVERAGES      164

10.2.3.1 Increasing use of enzymes to improve yield and quality 164

TABLE 77           BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          165

TABLE 78           BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          165

10.2.4    BAKERY & CONFECTIONERY PRODUCTS           165

10.2.4.1 Growing use of enzymes to increase shelf-life 165

TABLE 79           ENZYMES USED IN BAKERY PRODUCTS 166

TABLE 80           BAKERY & CONFECTIONERY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)        166

TABLE 81           BAKERY & CONFECTIONERY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)        167

10.2.5    NUTRACEUTICALS        167

10.2.5.1 Use of enzymes as digestive aid to fuel demand            167

TABLE 82           NUTRACEUTICALS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       168

TABLE 83           NUTRACEUTICALS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       168

10.2.6    OTHER FOOD & BEVERAGES     168

TABLE 84           OTHER FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)  169

TABLE 85           OTHER FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)  169

10.3       BIOETHANOL   169

10.3.1    INCREASING USE OF ENZYMES AS BIOLOGICAL CATALYSTS TO DRIVE DEMAND           169

TABLE 86           BIOETHANOL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          170

TABLE 87           BIOETHANOL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          170

10.4       TEXTILES & LEATHER   170

10.4.1    SUSTAINABILITY INITIATIVES IN TEXTILES & LEATHER TO DRIVE DEMAND           170

TABLE 88           TEXTILES & LEATHER: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       171

TABLE 89           TEXTILES & LEATHER: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       171

10.5       DETERGENTS   172

TABLE 90           DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          172

TABLE 91           DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          173

TABLE 92           DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           173

TABLE 93           DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           173

10.5.1    LAUNDRY DETERGENTS            174

10.5.1.1 Use of enzymes associated with reduced time, energy, and water consumption              174

TABLE 94           LAUNDRY DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       174

TABLE 95           LAUNDRY DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       174

10.5.2    AUTOMATIC DISHWASHING DETERGENTS       175

10.5.2.1 Use of enzymes to increase user-friendliness by lowering alkalinity          175

TABLE 96           AUTOMATIC DISHWASHING DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)        175

TABLE 97           AUTOMATIC DISHWASHING DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)        176

10.5.3    OTHER DETERGENT TYPES      176

TABLE 98           OTHER DETERGENT TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)  176

TABLE 99           OTHER DETERGENT TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)  177

10.6       PAPER & PULP  177

10.6.1    NEED FOR ENHANCED BLEACHING EFFICACY AND CHLORINE CONSUMPTION REDUCTION TO DRIVE DEMAND         177

TABLE 100         PAPER & PULP: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          178

TABLE 101         PAPER & PULP: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          178

10.7       WASTEWATER TREATMENT     178

10.7.1    DEMAND FOR ENZYMES TO BREAK DOWN ORGANIC WASTES AND ENHANCE WATER QUALITY      178

TABLE 102         WASTEWATER TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)  179

TABLE 103         WASTEWATER TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)  179

10.8       FEED    179

TABLE 104         FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION) 180

TABLE 105         FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION) 180

TABLE 106         FEED: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)          181

TABLE 107         FEED: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)          181

10.8.1    RUMINANT FEED           181

10.8.1.1 Inclusion of enzymes to improve feed efficiency ratio for beef cattle         181

TABLE 108         RUMINANT FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       182

TABLE 109         RUMINANT FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       182

10.8.2    SWINE FEED     182

10.8.2.1 Use of sow feed enzymes to ensure health of piglets     182

TABLE 110         SWINE FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          183

TABLE 111         SWINE FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          183

10.8.3    POULTRY FEED             184

10.8.3.1 Demand for feed enzymes to improve nutrient digestibility and improve gut performance in poultry      184

TABLE 112         POULTRY FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          184

TABLE 113         POULTRY FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          185

10.8.4    AQUAFEED       185

10.8.4.1 Enzymes in fish feed promote eco-friendliness and allow for cheaper feed use              185

TABLE 114         AQUAFEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          186

TABLE 115         AQUAFEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          186

10.8.5    OTHER FEED    186

TABLE 116         OTHER FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          187

TABLE 117         OTHER FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          187

10.9       SOIL TREATMENT         187

10.9.1    USE OF BIO ENZYMES TO CREATE OPPORTUNITY FOR IMPROVED SOIL STABILITY             187

TABLE 118         SOIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       188

TABLE 119         SOIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       188

10.10     OIL TREATMENT           188

10.10.1  NEED FOR OIL EXTRACTION EFFICIENCY TO BOOST MARKET 188

TABLE 120        OIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          189

TABLE 121        OIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          189

10.11     OTHER APPLICATIONS 189

TABLE 122         OTHER APPLICATIONS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       190

TABLE 123         OTHER APPLICATIONS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       190

11          SPECIALTY ENZYMES MARKET, BY APPLICATION          191

11.1       INTRODUCTION            192

FIGURE 52         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024 VS. 2029              192

TABLE 124         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 192

TABLE 125         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 193

TABLE 126         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (KILOTONS)     193

TABLE 127         SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (KILOTONS)     193

11.2       PHARMACEUTICALS     194

11.2.1    ENZYMES ACT AS ALTERNATIVES TO TRADITIONAL ANTIBIOTICS              194

TABLE 128         PHARMACEUTICALS: SPECIALTY ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)       194

TABLE 129         PHARMACEUTICALS: SPECIALTY ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)       195

11.3       RESEARCH & BIOTECHNOLOGY             195

11.3.1    USE OF ENZYMES IN DNA SEQUENCING TO REDUCE COST OF SEQUENCING TECHNIQUES      195

TABLE 130         RESEARCH & BIOTECHNOLOGY: SPECIALTY ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)            196

TABLE 131         RESEARCH & BIOTECHNOLOGY: SPECIALTY ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)            196

11.4       DIAGNOSTICS  196

11.4.1    GROWING INTEREST FROM PHARMACEUTICAL COMPANIES IN DEVELOPING RAPID DIAGNOSTIC TESTS TO BOOST DEMAND 196

TABLE 132         DIAGNOSTICS: SPECIALTY ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          197

TABLE 133         DIAGNOSTICS: SPECIALTY ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          197

11.5       BIOCATALYSTS 198

11.5.1    BIOCATALYSIS TO DRIVE DEMAND FOR ENZYMES IN WASTE MATERIAL TREATMENT            198

TABLE 134         BIOCATALYSTS: SPECIALTY ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)          198

TABLE 135         BIOCATALYSTS: SPECIALTY ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)          199

12          ENZYMES MARKET, BY REACTION TYPE             200

12.1       INTRODUCTION            200

12.2       HYDROLASES   200

TABLE 136         TYPES OF HYDROLASES AND THEIR FUNCTIONS           201

12.3       OXIDOREDUCTASES     201

12.4       TRANSFERASES 202

12.5       LYASES 202

12.5.1    APPLICATION AND DEMAND   203

12.6       OTHER REACTION TYPES          203

13          ENZYMES MARKET, BY REGION 204

13.1       INTRODUCTION            205

FIGURE 53         ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD       205

TABLE 137         ENZYMES MARKET, BY REGION, 2020–2023 (USD MILLION)              206

TABLE 138         ENZYMES MARKET, BY REGION, 2024–2029 (USD MILLION)              206

13.2       NORTH AMERICA          206

FIGURE 54         NORTH AMERICA: ENZYMES MARKET SNAPSHOT          207

13.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS          207

FIGURE 55         NORTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2018–2022      208

FIGURE 56         NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2023 208

TABLE 139         NORTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 209

TABLE 140         NORTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 209

TABLE 141         NORTH AMERICA: ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          209

TABLE 142         NORTH AMERICA: ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          209

TABLE 143         NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    210

TABLE 144         NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    210

TABLE 145         NORTH AMERICA: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    210

TABLE 146         NORTH AMERICA: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    210

TABLE 147         NORTH AMERICA: ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION) 211

TABLE 148         NORTH AMERICA: ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION) 211

TABLE 149         NORTH AMERICA: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)     211

TABLE 150         NORTH AMERICA: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)     212

TABLE 151         NORTH AMERICA: ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION) 212

TABLE 152         NORTH AMERICA: ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION) 212

TABLE 153         NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           213

TABLE 154         NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           213

TABLE 155         NORTH AMERICA: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       214

TABLE 156         NORTH AMERICA: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       214

TABLE 157         NORTH AMERICA: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       214

TABLE 158         NORTH AMERICA: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       215

TABLE 159         NORTH AMERICA: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)  215

TABLE 160         NORTH AMERICA: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)  215

TABLE 161         NORTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           216

TABLE 162         NORTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           216

13.2.2    US         216

13.2.2.1 Increased production of bioethanol to drive market      216

TABLE 163         US: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     217

TABLE 164         US: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     217

TABLE 165         US: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     218

TABLE 166         US: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     218

13.2.3    CANADA            218

13.2.3.1 Increasing use of enzymes as meat tenderizers and feed additives to drive market              218

TABLE 167         CANADA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          219

TABLE 168         CANADA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          220

TABLE 169         CANADA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          220

TABLE 170         CANADA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          220

13.2.4    MEXICO             221

13.2.4.1 Rise of textile industry to drive market           221

TABLE 171         MEXICO: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          221

TABLE 172         MEXICO: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          222

TABLE 173         MEXICO: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          222

TABLE 174         MEXICO: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          222

13.3       EUROPE             223

13.3.1    EUROPE: RECESSION IMPACT ANALYSIS            223

FIGURE 57         EUROPE: INFLATION RATES, BY KEY COUNTRY, 2018–2022              224

FIGURE 58         EUROPE: RECESSION IMPACT ANALYSIS, 2023   224

TABLE 175         EUROPE: ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          225

TABLE 176         EUROPE: ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          225

TABLE 177         EUROPE: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     226

TABLE 178         EUROPE: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     226

TABLE 179         EUROPE: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     227

TABLE 180         EUROPE: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     227

TABLE 181         EUROPE: ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION) 227

TABLE 182         EUROPE: ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION) 228

TABLE 183         EUROPE: ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION)          228

TABLE 184         EUROPE: ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION)          228

TABLE 185         EUROPE: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)          229

TABLE 186         EUROPE: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)          229

TABLE 187         EUROPE: ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION)          229

TABLE 188         EUROPE: ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION)          229

TABLE 189         EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          230

TABLE 190         EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          230

TABLE 191         EUROPE: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           231

TABLE 192         EUROPE: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           231

TABLE 193         EUROPE: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)  231

TABLE 194         EUROPE: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)  232

TABLE 195         EUROPE: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           232

TABLE 196         EUROPE: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           232

TABLE 197         EUROPE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          233

TABLE 198         EUROPE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          233

13.3.2    ITALY   233

13.3.2.1 Multifunctionality of enzymes in various application sectors to fuel demand              233

TABLE 199         ITALY: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          234

TABLE 200         ITALY: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          234

TABLE 201         ITALY: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     235

TABLE 202         ITALY: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     235

13.3.3    GERMANY         235

13.3.3.1 Rising biofuel consumption for transportation to drive market   235

TABLE 203         GERMANY: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          236

TABLE 204         GERMANY: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          237

TABLE 205         GERMANY: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          237

TABLE 206         GERMANY: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          237

13.3.4    FRANCE             238

13.3.4.1 Government investments for technological advancements in biofuel production to drive market        238

TABLE 207         FRANCE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          238

TABLE 208         FRANCE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          239

TABLE 209         FRANCE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          239

TABLE 210         FRANCE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          239

13.3.5    SPAIN   240

13.3.5.1 Rising demand for meat and meat products to drive market       240

TABLE 211         SPAIN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          240

TABLE 212         SPAIN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          241

TABLE 213         SPAIN: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     241

TABLE 214         SPAIN: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     241

13.3.6    UK         242

13.3.6.1 Government initiatives to reduce carbon emissions and produce fuel from renewable sources to boost market   242

TABLE 215         UK: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     242

TABLE 216         UK: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     243

TABLE 217         UK: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     243

TABLE 218         UK: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     243

13.3.7    DENMARK         244

13.3.7.1 Growing exports of enzymes to drive market  244

TABLE 219         DENMARK: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          244

TABLE 220         DENMARK: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          245

TABLE 221         DENMARK: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          245

TABLE 222         DENMARK: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          245

13.3.8    NETHERLANDS 246

13.3.8.1 Rising demand for processed food to drive market       246

TABLE 223         NETHERLANDS: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           246

TABLE 224         NETHERLANDS: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           247

TABLE 225         NETHERLANDS: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           247

TABLE 226         NETHERLANDS: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           248

13.3.9    REST OF EUROPE           248

TABLE 227         REST OF EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           249

TABLE 228         REST OF EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           249

TABLE 229         REST OF EUROPE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           250

TABLE 230         REST OF EUROPE: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           250

13.4       ASIA PACIFIC    250

FIGURE 59         ASIA PACIFIC: ENZYMES MARKET SNAPSHOT   251

13.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    251

FIGURE 60         ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2018–2022              252

FIGURE 61         ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2023        252

TABLE 231         ASIA PACIFIC: ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 253

TABLE 232         ASIA PACIFIC: ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 253

TABLE 233         ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          253

TABLE 234         ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          254

TABLE 235         ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          254

TABLE 236         ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          254

TABLE 237         ASIA PACIFIC: ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)     255

TABLE 238         ASIA PACIFIC: ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)     255

TABLE 239         ASIA PACIFIC: ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION)          255

TABLE 240         ASIA PACIFIC: ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION)          255

TABLE 241         ASIA PACIFIC: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)     256

TABLE 242         ASIA PACIFIC: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)     256

TABLE 243         ASIA PACIFIC: ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION)          256

TABLE 244         ASIA PACIFIC: ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION)          256

TABLE 245         ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           257

TABLE 246         ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           257

TABLE 247         ASIA PACIFIC: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       258

TABLE 248         ASIA PACIFIC: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       258

TABLE 249         ASIA PACIFIC: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           258

TABLE 250         ASIA PACIFIC: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           259

TABLE 251         ASIA PACIFIC: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           259

TABLE 252         ASIA PACIFIC: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           259

TABLE 253         ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           260

TABLE 254         ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           260

13.4.2    CHINA  260

13.4.2.1 Shift of manufacturing operations from Europe and North America to China to drive market        260

TABLE 255         CHINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          261

TABLE 256         CHINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          262

TABLE 257         CHINA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          262

TABLE 258         CHINA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          262

13.4.3    INDIA   263

13.4.3.1 Rising trend of industrialization in animal husbandry to drive demand for feed enzymes 263

TABLE 259         INDIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          264

TABLE 260         INDIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          264

TABLE 261         INDIA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     265

TABLE 262         INDIA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     265

13.4.4    JAPAN  265

13.4.4.1 Focus on expanding apparel & home textile chemical businesses to drive market              265

TABLE 263         JAPAN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          266

TABLE 264         JAPAN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          267

TABLE 265         JAPAN: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     267

TABLE 266         JAPAN: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     267

13.4.5    SOUTH KOREA 268

13.4.5.1 Increased application of naturally derived enzymes in skin care products to drive market   268

TABLE 267         SOUTH KOREA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           269

TABLE 268         SOUTH KOREA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           269

TABLE 269         SOUTH KOREA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           270

TABLE 270         SOUTH KOREA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           270

13.4.6    AUSTRALIA & NEW ZEALAND   270

13.4.6.1 Government initiatives and policies on ethanol biofuel production and use to drive market   270

TABLE 271        AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     271

TABLE 272        AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     272

TABLE 273         AUSTRALIA & NEW ZEALAND: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     272

TABLE 274         AUSTRALIA & NEW ZEALAND: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     273

13.4.7    REST OF ASIA PACIFIC  273

TABLE 275         REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           273

TABLE 276         REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           274

TABLE 277         REST OF ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           274

TABLE 278         REST OF ASIA PACIFIC: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           275

13.5       SOUTH AMERICA           275

13.5.1    SOUTH AMERICA: RECESSION IMPACT ANALYSIS          276

FIGURE 62         SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022      276

FIGURE 63         SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2023 276

TABLE 279         SOUTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 277

TABLE 280         SOUTH AMERICA: ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 277

TABLE 281         SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    277

TABLE 282         SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    277

TABLE 283         SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    278

TABLE 284         SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    278

TABLE 285         SOUTH AMERICA: ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          278

TABLE 286         SOUTH AMERICA: ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          278

TABLE 287         SOUTH AMERICA: ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION) 279

TABLE 288         SOUTH AMERICA: ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION) 279

TABLE 289         SOUTH AMERICA: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)     279

TABLE 290         SOUTH AMERICA: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)     280

TABLE 291         SOUTH AMERICA: ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION) 280

TABLE 292         SOUTH AMERICA: ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION) 280

TABLE 293         SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           281

TABLE 294         SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           281

TABLE 295         SOUTH AMERICA: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       282

TABLE 296         SOUTH AMERICA: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       282

TABLE 297         SOUTH AMERICA: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       282

TABLE 298         SOUTH AMERICA: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       283

TABLE 299         SOUTH AMERICA: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)  283

TABLE 300         SOUTH AMERICA: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)  283

TABLE 301         SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           284

TABLE 302         SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           284

13.5.2    BRAZIL 284

13.5.2.1 Growing research and advancement in starch processing technology to reduce cost to boost market    284

TABLE 303         BRAZIL: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          285

TABLE 304         BRAZIL: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          285

TABLE 305         BRAZIL: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          286

TABLE 306         BRAZIL: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          286

13.5.3    ARGENTINA      286

13.5.3.1 Increasing use of starch processing and advancements in meat processing and dairy industries to drive market        286

TABLE 307         ARGENTINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           287

TABLE 308         ARGENTINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           287

TABLE 309        ARGENTINA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          288

TABLE 310        ARGENTINA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          288

13.5.4    REST OF SOUTH AMERICA         288

TABLE 311         REST OF SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     289

TABLE 312         REST OF SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     289

TABLE 313         REST OF SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           290

TABLE 314         REST OF SOUTH AMERICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           290

13.6       REST OF THE WORLD   290

13.6.1    REST OF THE WORLD: RECESSION IMPACT ANALYSIS   290

FIGURE 64         REST OF THE WORLD: INFLATION RATES, BY KEY COUNTRY, 2017–2022          291

FIGURE 65         REST OF THE WORLD: RECESSION IMPACT ANALYSIS, 2023              292

TABLE 315         REST OF THE WORLD: ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     292

TABLE 316         REST OF THE WORLD: ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     292

TABLE 317         REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    293

TABLE 318         REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    293

TABLE 319         REST OF THE WORLD: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)    293

TABLE 320         REST OF THE WORLD: SPECIALTY ENZYMES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)    293

TABLE 321         REST OF THE WORLD: ENZYMES MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          294

TABLE 322         REST OF THE WORLD: ENZYMES MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          294

TABLE 323         REST OF THE WORLD: ENZYMES MARKET, BY TYPE, 2020–2023 (USD MILLION) 294

TABLE 324         REST OF THE WORLD: ENZYMES MARKET, BY TYPE, 2024–2029 (USD MILLION) 295

TABLE 325         REST OF THE WORLD: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)     295

TABLE 326         REST OF THE WORLD: CARBOHYDRASE ENZYMES MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)     295

TABLE 327         REST OF THE WORLD: ENZYMES MARKET, BY SOURCE, 2020–2023 (USD MILLION)     296

TABLE 328         REST OF THE WORLD: ENZYMES MARKET, BY SOURCE, 2024–2029 (USD MILLION)     296

TABLE 329         REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           296

TABLE 330         REST OF THE WORLD: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           297

TABLE 331         REST OF THE WORLD: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)   297

TABLE 332         REST OF THE WORLD: FOOD & BEVERAGE INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)   298

TABLE 333         REST OF THE WORLD: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)       298

TABLE 334         REST OF THE WORLD: DETERGENT INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)       298

TABLE 335         REST OF THE WORLD: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2020–2023 (USD MILLION)           299

TABLE 336         REST OF THE WORLD: FEED INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2024–2029 (USD MILLION)           299

TABLE 337         REST OF THE WORLD: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           299

TABLE 338         REST OF THE WORLD: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           300

13.6.2    MIDDLE EAST  300

13.6.2.1 Growing demand for food enzymes to prevent and recycle food waste to drive market   300

TABLE 339         MIDDLE EAST: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           301

TABLE 340         MIDDLE EAST: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           301

TABLE 341         MIDDLE EAST: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)           302

TABLE 342         MIDDLE EAST: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)           302

13.6.3    AFRICA 302

13.6.3.1 Approval of Biofuels Regulatory Framework and growth of paper and pulp industry to drive market     302

TABLE 343         AFRICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          303

TABLE 344         AFRICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          304

TABLE 345         AFRICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          304

TABLE 346         AFRICA: SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          304

14          COMPETITIVE LANDSCAPE       305

14.1       OVERVIEW        305

14.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          306

TABLE 347         STRATEGIES ADOPTED BY KEY PLAYERS IN ENZYMES MARKET              306

14.3       REVENUE ANALYSIS      307

FIGURE 66         REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2020–2023 (USD BILLION)           307

14.4       MARKET SHARE ANALYSIS, 2023             308

FIGURE 67         ENZYMES MARKET: DEGREE OF COMPETITION (CONSOLIDATED)         309

14.5       COMPANY VALUATION AND FINANCIAL METRICS        309

FIGURE 68         COMPANY VALUATION 309

FIGURE 69         FINANCIAL METRICS    310

14.6       BRAND/PRODUCT COMPARISON          310

FIGURE 70         ENZYMES MARKET: BRAND/PRODUCT COMPARISON   310

14.7       COMPANY EVALUATION MATRIX: KEY PLAYERS            311

14.7.1    STARS  311

14.7.2    EMERGING LEADERS    311

14.7.3    PERVASIVE PLAYERS     311

14.7.4    PARTICIPANTS 312

FIGURE 71         ENZYMES MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023  312

14.7.5    COMPANY FOOTPRINT: KEY PLAYERS  313

FIGURE 72         ENZYMES MARKET: COMPANY FOOTPRINT FOR KEY PLAYERS, 2023      313

TABLE 348         ENZYMES MARKET: REGION FOOTPRINT FOR KEY PLAYERS, 2023      314

TABLE 349         ENZYMES MARKET: PRODUCT TYPE FOOTPRINT FOR KEY PLAYERS, 2023  315

TABLE 350         INDUSTRIAL ENZYMES MARKET: APPLICATION FOOTPRINT FOR KEY PLAYERS, 2023 315

TABLE 351         SPECIALTY ENZYMES MARKET: APPLICATION FOOTPRINT FOR KEY PLAYERS, 2023 316

14.8       COMPANY EVALUATION MATRIX: START-UPS/SMES     317

14.8.1    PROGRESSIVE COMPANIES       317

14.8.2    RESPONSIVE COMPANIES          317

14.8.3    DYNAMIC COMPANIES 317

14.8.4    STARTING BLOCKS       317

FIGURE 73         ENZYMES MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2023 318

14.8.5    COMPETITIVE BENCHMARKING: START-UPS/SMES       319

14.8.5.1 Detailed list of key start-ups/SMEs  319

TABLE 352         ENZYMES MARKET: KEY START-UPS/SMES, 2023             319

14.8.5.2 Competitive benchmarking of key start-ups/SMEs      320

TABLE 353         ENZYMES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (PART 1)       320

TABLE 354         ENZYMES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES (PART 2)       321

14.9       COMPETITIVE SCENARIO AND TRENDS             322

14.9.1    PRODUCT LAUNCHES  322

TABLE 355         ENZYMES MARKET: PRODUCT LAUNCHES, JANUARY 2019–MAY 2024           322

14.9.2    DEALS  327

TABLE 356         ENZYMES MARKET: DEALS, JANUARY 2019–MAY 2024     327

14.9.3    EXPANSIONS    334

TABLE 357         ENZYMES MARKET: EXPANSIONS, JANUARY 2019–MAY 2024              334

14.9.4    OTHERS             336

TABLE 358         ENZYMES MARKET: OTHERS, JANUARY 2019–MAY 2024 336

15          COMPANY PROFILES    337

(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

15.1       KEY PLAYERS   337

15.1.1    BASF SE              337

TABLE 359         BASF SE: COMPANY OVERVIEW 337

FIGURE 74         BASF SE: COMPANY SNAPSHOT 338

TABLE 360         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 338

TABLE 361         BASF SE: PRODUCT LAUNCHES 339

TABLE 362         BASF SE: DEALS 339

TABLE 363         BASF SE: OTHERS           341

15.1.2    INTERNATIONAL FLAVORS & FRAGRANCES INC.            342

TABLE 364         INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW        342

FIGURE 75         INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        343

TABLE 365         INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   343

TABLE 366         INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCT LAUNCHES       345

TABLE 367         INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS              346

15.1.3    ASSOCIATED BRITISH FOODS PLC         348

TABLE 368         ASSOCIATED BRITISH FOODS PLC: COMPANY OVERVIEW              348

FIGURE 76         ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT              349

TABLE 369         ASSOCIATED BRITISH FOODS PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   349

TABLE 370         ASSOCIATED BRITISH FOODS PLC: PRODUCT LAUNCHES              350

TABLE 371         ASSOCIATED BRITISH FOODS PLC: DEALS         351

15.1.4    DSM-FIRMENICH           353

TABLE 372         DSM-FIRMENICH: COMPANY OVERVIEW            353

FIGURE 77         DSM-FIRMENICH: COMPANY SNAPSHOT           354

TABLE 373         DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          354

TABLE 374         DSM-FIRMENICH: PRODUCT LAUNCHES            355

15.1.5    NOVOZYMES A/S           358

TABLE 375         NOVOZYMES A/S: COMPANY OVERVIEW            358

FIGURE 78         NOVOZYMES A/S: COMPANY SNAPSHOT           359

TABLE 376         NOVOZYMES A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED          359

TABLE 377         NOVOZYMES A/S: PRODUCT LAUNCHES            361

TABLE 378         NOVOZYMES A/S: DEALS           363

TABLE 379         NOVOZYMES A/S: OTHERS        364

15.1.6    KERRY GROUP PLC        366

TABLE 380         KERRY GROUP PLC: COMPANY OVERVIEW        366

FIGURE 79         KERRY GROUP PLC: COMPANY SNAPSHOT        367

TABLE 381         KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          367

TABLE 382         KERRY GROUP PLC: PRODUCT LAUNCHES        368

TABLE 383         KERRY GROUP PLC: DEALS        368

TABLE 384         KERRY GROUP PLC: OTHERS     369

15.1.7    DYADIC INTERNATIONAL INC. 370

TABLE 385         DYADIC INTERNATIONAL INC.: COMPANY OVERVIEW 370

FIGURE 80         DYADIC INTERNATIONAL INC.: COMPANY SNAPSHOT 371

TABLE 386         DYADIC INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   371

TABLE 387         DYADIC INTERNATIONAL INC.: DEALS 372

15.1.8    ADVANCED ENZYME TECHNOLOGIES  373

TABLE 388         ADVANCED ENZYME TECHNOLOGIES: COMPANY OVERVIEW              373

FIGURE 81         ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT              374

TABLE 389         ADVANCED ENZYME TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED   375

TABLE 390         ADVANCED ENZYME TECHNOLOGIES: DEALS  375

15.1.9    AUMGENE BIOSCIENCES           377

TABLE 391         AUMGENE BIOSCIENCES: COMPANY OVERVIEW            377

TABLE 392         AUMGENE BIOSCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          377

15.1.10  AMANO ENZYME INC.   379

TABLE 393         AMANO ENZYME INC.: COMPANY OVERVIEW   379

TABLE 394         AMANO ENZYME INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          379

TABLE 395         AMANO ENZYME INC.: PRODUCT LAUNCHES   380

TABLE 396         AMANO ENZYME INC.: DEALS   380

TABLE 397         AMANO ENZYME INC.: OTHERS 381

15.1.11  F. HOFFMANN-LA ROCHE LTD 382

TABLE 398         F. HOFFMANN-LA ROCHE LTD: COMPANY OVERVIEW  382

FIGURE 82         F. HOFFMANN-LA ROCHE LTD: COMPANY SNAPSHOT  383

TABLE 399         F. HOFFMANN-LA ROCHE LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED   383

TABLE 400         F. HOFFMANN-LA ROCHE LTD: DEALS 384

15.1.12  CODEXIS, INC.  385

TABLE 401         CODEXIS, INC.: COMPANY OVERVIEW   385

FIGURE 83         CODEXIS, INC.: COMPANY SNAPSHOT  385

TABLE 402         CODEXIS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              386

TABLE 403         CODEXIS, INC.: PRODUCT LAUNCHES  386

TABLE 404         CODEXIS, INC.: DEALS  387

15.1.13  SANOFI 389

TABLE 405         SANOFI: COMPANY OVERVIEW 389

FIGURE 84         SANOFI: COMPANY SNAPSHOT 390

TABLE 406         SANOFI: PRODUCTS/SOLUTIONS/SERVICES OFFERED  390

TABLE 407         SANOFI: DEALS 391

15.1.14  MERCK KGAA   392

TABLE 408         MERCK KGAA: COMPANY OVERVIEW    392

FIGURE 85         MERCK KGAA: COMPANY SNAPSHOT    393

TABLE 409         MERCK KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              393

TABLE 410         MERCK KGAA: DEALS   394

TABLE 411         MERCK KGAA: OTHERS 394

15.1.15  ADISSEO            396

TABLE 412         ADISSEO: COMPANY OVERVIEW            396

FIGURE 86         ADISSEO: COMPANY SNAPSHOT            397

TABLE 413         ADISSEO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 397

TABLE 414         ADISSEO: PRODUCT LAUNCHES            397

15.2       OTHER PLAYERS           399

15.2.1    LESAFFRE CORPORATION         399

TABLE 415         LESAFFRE CORPORATION: COMPANY OVERVIEW          399

TABLE 416         LESAFFRE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          399

15.2.2    CREATIVE ENZYMES     401

TABLE 417         CREATIVE ENZYMES: COMPANY OVERVIEW      401

TABLE 418         CREATIVE ENZYMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          401

TABLE 419         CREATIVE ENZYMES: PRODUCT LAUNCHES      402

15.2.3    ENZYME SOLUTIONS    403

TABLE 420         ENZYME SOLUTIONS: COMPANY OVERVIEW     403

TABLE 421         ENZYME SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          403

15.2.4    ENZYMATIC DEINKING TECHNOLOGIES, LLC   405

TABLE 422         ENZYMATIC DEINKING TECHNOLOGIES, LLC: COMPANY OVERVIEW        405

TABLE 423         ENZYMATIC DEINKING TECHNOLOGIES, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   405

15.2.5    TEX BIOSCIENCES (P) LTD.        406

TABLE 424         TEX BIOSCIENCES (P) LTD.: COMPANY OVERVIEW        406

TABLE 425         TEX BIOSCIENCES (P) LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   406

15.2.6    DENYKEM         408

15.2.7    METGEN           409

15.2.8    BIOVET S.A.       409

15.2.9    BIOCATALYSTS 410

15.2.10  ALLTECH          411

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

16          ADJACENT AND RELATED MARKETS     412

16.1       INTRODUCTION            412

TABLE 426         ADJACENT MARKETS TO ENZYMES MARKET     412

16.2       LIMITATIONS   412

16.3       INDUSTRIAL ENZYMES MARKET            412

16.3.1    MARKET DEFINITION   412

16.3.2    MARKET OVERVIEW     413

TABLE 427         INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 413

TABLE 428         INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 414

TABLE 429         FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)           414

TABLE 430         FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)           415

16.4       FOOD ENZYMES MARKET          415

16.4.1    MARKET DEFINITION   415

16.4.2    MARKET OVERVIEW     415

16.4.3    FOOD ENZYMES MARKET, BY APPLICATION     416

TABLE 431         FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (USD MILLION)              416

TABLE 432         FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (USD MILLION)              416

TABLE 433         FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (TONS)  417

TABLE 434         FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (TONS)  417

16.4.4    FOOD ENZYMES MARKET, BY REGION  417

16.4.4.1 Introduction        417

TABLE 435         FOOD ENZYMES MARKET, BY REGION, 2016–2020 (USD MILLION)          418

TABLE 436         FOOD ENZYMES MARKET, BY REGION, 2021–2026 (USD MILLION)          418

16.5       FEED ENZYMES MARKET           418

16.5.1    MARKET DEFINITION   418

16.5.2    MARKET OVERVIEW     418

TABLE 437         FEED ENZYMES MARKET, BY REGION, 2016–2019 (USD MILLION)          419

TABLE 438         FEED ENZYMES MARKET, BY REGION, 2020–2025 (USD MILLION)          419

17          APPENDIX         420

17.1       DISCUSSION GUIDE      420

17.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             425

17.3       CUSTOMIZATION OPTIONS      427

17.4       RELATED REPORTS       427

17.5       AUTHOR DETAILS         428