Specialty Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Specialty Enzymes Market is segmented by Source (Plant, Animal, and Microbial), by Type (Carbohydrases, Proteases, Lipases, and Other Types), By Application (Food & Beverage, Pharmaceuticals, Animal Nutrition, and Other Applications) and by Geography.

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.5 %

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Market Overview

The global specialty enzymes market is projected to grow with a CAGR of 7.5% during the forecast period.

  • Waste reduction and energy saving is the major factor driving the market studied followed by increasing demand in the food and feed industry.
  • The restrictions on temperature and pH levels may lead to higher input costs and cover up any possible losses in case of faulty production. This consequently gives an upper hand to major players with huge financial support as opposed to new players.
  • North America holds the major share of the market, however, Asia-pacific is accounted to be the fastest-growing market owing to rising disposable income and awareness which has led to a boost in the demand in various industries.

Scope of the Report

The Global Specialty Enzymes Market is segmented By Source into Plant, Animal, and Microbial sources. The market is segmented by Type into Carbohydrases, Proteases, Lipases, and Other Types and By Application into Food & Beverage, Pharmaceuticals, Animal Nutrition, and Other Applications. The market is segmented by geography to cover the market trends in major countries of North America, Europe, Asia-Pacific, South America, and Middle-East & Africa.

By Source
Plant
Animal
Microbial
By Type
Carbohydrases
Proteases
Lipases
Other Types
By Application
Food & Beverage
Pharmaceutical
Animal Nutrition
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Animal Feed Sector is Growing at a Faster Pace

The phytase enzyme has wide applications in the global feed enzymes market. Various emerging players are launching innovative phytase enzymes and insisting on taking approval through the US Food and Drug Administration (FDA), and the US Center for Veterinary Medicine to use the product in animal feed diets. For instance, In November 2018, Agrivida, the Massachusetts-based biotechnology startup, launched an enzyme constituting corn feed ingredient, Grainzyme Phytase approved from FDA and US Center for Veterinary Medicine, assisting the application in the United States poultry market. The trend of sustainable processing is further driving the market studied. Numerous educational programs and researches have been initiated within the regions assisted by government agencies. In 2018, Novozymes/DSM formed an alliance with more than 200 feed industry customers in South Africa and other countries in the region through Enzyme Academies, to educate them about feed enzymes and their sustainability benefits.

Specialty Enzymes Market1

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North America Leading the Market

North America is the largest market for specialty enzymes with its major applications in food and feed industries. It accounts for a prominent share of the global specialty enzyme market. Increased consumption of meat and meat products in the region has augmented the demand for the enzyme in the feed industries. The market is driven by the increased consumption of processed food products, increased expenditure in premium quality products and consumer preference for the natural ingredients used in the products. Enzymes are natural additives that are added to food products to increase the yield productivity, improve quality performance and enhance the shelf life of the products. 

Specialty Enzymes Market12

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Competitive Landscape

The Global Specialty Enzymes Market is fragmented with top global and regional players competing fiercely with local companies to gain market shares. Kerry Group, Novozymes, Chr. Hansen and Dupont are some of the major players in the global specialty enzymes market. These companies majorly focus on expanding their businesses and undertaking strategies, such as mergers and acquisitions, expansions, and novel product innovations. Partnership is the next strategy preferred by companies, in order to strengthen their market presence and develop innovative products together. Kerry Group has planned to develop new technologies for specialty enzyme production. Connell Brothers is focusing on increasing distribution in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Plant

      2. 5.1.2 Animal

      3. 5.1.3 Microbial

    2. 5.2 By Type

      1. 5.2.1 Carbohydrases

      2. 5.2.2 Proteases

      3. 5.2.3 Lipases

      4. 5.2.4 Other Types

    3. 5.3 By Application

      1. 5.3.1 Food & Beverage

      2. 5.3.2 Pharmaceutical

      3. 5.3.3 Animal Nutrition

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Germany

        4. 5.4.2.4 France

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Novozymes

      2. 6.3.2 Kerry Inc.

      3. 6.3.3 Chr. Hansen Holding A/S

      4. 6.3.4 DuPont de Nemours, Inc.

      5. 6.3.5 Associate British Foods PLC

      6. 6.3.6 Specialty Enzymes & Probiotics

      7. 6.3.7 AST Enzymes

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Specialty Enzymes Market market is studied from 2016 - 2026.

The Specialty Enzymes Market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Novozymes
  • Kerry Inc.
  • Chr. Hansen Holding A/S
  • DuPont de Nemours, Inc.

Are the major companies operating in Specialty Enzymes Market.

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