Specialty Enzymes Market by Source (Microorganism, Plant, Animal), Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Pharmaceuticals, Diagnostics, Research & Biotechnology), Form & Region - Global Forecast to 2029
According to MarketsandMarkets, the global Specialty enzymes market size is estimated to be valued at USD 6.1 billion in 2024 and is projected to reach USD 9.2 billion by 2029, recording a CAGR of 8.5%, during the forecast period in terms of value. Their ability to cleave complex carbohydrates on biomolecules holds immense potential for developing highly specific diagnostic tools. For instance, carbohydrases can be used to target specific sugar signatures on pathogens, enabling rapid and accurate identification of infectious diseases. Additionally, they can be employed to analyze specific carbohydrate markers associated with certain illnesses, aiding in earlier and more precise diagnoses. As the focus on personalized medicine intensifies, carbohydrases offer a unique edge in developing diagnostics that cater to individual needs, solidifying their prominence in the future of diagnostic testing.
Scope of the Report
Years Considered for the Study
2024-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD)
Segments
By Type, By Source, By application, By Form and Region.
Regions covered
North America, Europe, Asia Pacific, South America, and Rest of the World
" By source, Microorganisms are estimated to dominate the market during the forecast period."
Microorganisms reign supreme in the source category of the specialty enzyme market due to their ideal qualities for various applications, particularly in research & biotechnology. Microbes like bacteria and fungi can be easily cultivated in controlled environments, allowing for scalable and cost-effective production of large enzyme quantities. This is crucial for research where consistent enzyme supplies are needed for experiments. The vast genetic diversity of microbes offers a treasure trove of enzymes with highly specific functions. Scientists can harness these enzymes to manipulate biomolecules with incredible precision, a necessity in research & biotechnology. For example, microbial enzymes can be used to selectively cut specific sections of DNA, facilitating gene editing techniques vital for creating new treatments and therapies. Furthermore, microbes can be genetically modified to create enzymes with novel properties, further expanding their potential in research endeavors. This unmatched versatility and adaptability solidify microorganism-derived enzymes as the leading source for the specialty enzyme market in research & biotechnology.
"Europe will significantly contribute towards market growth during the forecast period."
Europe boasts a well-established healthcare infrastructure with strong government support for specialty enzyme industries. This translates to a high demand for innovative medical treatments, including those that utilize specialty enzymes. Europe's aging population creates a market for enzyme-based therapies for chronic diseases. Additionally, there's a growing focus on sustainable practices, and specialty enzymes offer a more eco-friendly alternative to traditional chemical catalysts in various industries. Furthermore, collaborations between European enzyme manufacturers and research institutions are accelerating market growth. For instance, According to CORDIS - EU research results, starting in December 2023, the EU-funded FuturEnzyme project aims to develop low-cost enzymes for eco-friendly consumers. Through innovative solutions and collaborative efforts, it will receive approximately USD 6.7 billion for enzyme discovery and optimization until May 2025.
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.
Leading players profiled in this report:
BRAIN Biotech AG (Germany)
Novozymes A/S (Denmark)
Codexis, Inc. (US)
Sanofi (France)
Merck KGaA (Germany)
Dyadic International Inc (US)
Advanced Enzyme Technologies (India)
Amano Enzyme Inc (Japan)
F. Hoffmann-La Roche Ltd (Switzerland)
New England Biolabs (US)
BBI Solutions (UK)
Creative Enzymes (US)
Bioseutica (Netherland)
SEKISUI Diagnostics (US)
Antozyme Biotech Pvt Ltd (India)
S.I. Biozyme (India)
Aumgene Biosciences (India)
enzymebiosciences (India)
Infinita Biotech Private Limited (India)
Biolaxi Corporation (India)
Fido Pharma Pvt. Ltd. (India)
4basebio (UK)
Ansel Biotech (India)
Geno Technology Inc. (US)
Gujarat Enzyme (India)
The study includes an in-depth competitive analysis of these key players in the specialty enzymes market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the specialty enzymes market based on type, source, form, 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 specialty 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 specialty 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 (Rise in Demand for Non-harmful Biological Catalysts in Pharmaceuticals & Diagnostics), restraints (Lack of Harmonization in the Regulatory Framework), opportunities (Lack of Harmonization in the Regulatory Framework), and challenges (Lack of Harmonization in the Regulatory Framework) influencing the growth of the specialty enzymes market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the specialty enzymes market.
Market Development: Comprehensive information about lucrative markets - the report analyses the specialty enzymes market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the specialty enzymes market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as BRAIN Biotech AG (Germany), Novozymes A/S (Denmark), Codexis, Inc. (US), Sanofi (France), Merck KGaA (Germany), Dyadic International Inc (US), and Advanced Enzyme Technologies (India) among others in the specialty enzymes market strategies. The report also helps stakeholders understand the specialty enzymes market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020-2023
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 SPECIALTY ENZYMES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY SPECIALTY ENZYME MANUFACTURER, DESIGNATION, AND REGION
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE ANALYSIS
FIGURE 4 KEY ECONOMIES BASED ON GDP, 2020-2023 (USD BILLION)
2.2.3 SUPPLY-SIDE ANALYSIS
FIGURE 5 R&D EXPENDITURE ON BIOTECHNOLOGY, BY COUNTRY, 2023 (USD BILLION)
2.3 MARKET SIZE ESTIMATION
2.3.1 APPROACH ONE (BASED ON APPLICATION, BY REGION)
2.3.2 APPROACH TWO (BASED ON GLOBAL MARKET)
2.4 DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION METHODOLOGY
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
2.7 RECESSION IMPACT ANALYSIS
2.7.1 MACRO-INDICATORS OF RECESSION
FIGURE 7 RECESSION INDICATORS
FIGURE 8 GLOBAL INFLATION RATE, 2013-2023
FIGURE 9 GLOBAL GROSS DOMESTIC PRODUCT, 2013-2023 (USD TRILLION)
FIGURE 10 RECESSION INDICATORS AND THEIR IMPACT ON SPECIALTY ENZYMES MARKET
FIGURE 11 SPECIALTY ENZYMES MARKET: CURRENT FORECAST VS. RECESSION FORECAST
3 EXECUTIVE SUMMARY
TABLE 2 SPECIALTY ENZYMES MARKET SNAPSHOT, 2024 VS. 2029
FIGURE 12 SPECIALTY ENZYMES MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION)
FIGURE 13 SPECIALTY ENZYMES MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)
FIGURE 14 SPECIALTY ENZYMES MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
FIGURE 34 LIST OF MAJOR PATENTS IN SPECIALTY ENZYMES MARKET
TABLE 8 LIST OF MAJOR PATENTS PUBLISHED, 2020-2024
6.10 KEY CONFERENCES & EVENTS, 2024-2025
TABLE 9 SPECIALTY ENZYMES MARKET: LIST OF KEY CONFERENCES & EVENTS, 2024-2025
6.11 REGULATORY LANDSCAPE
6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11.2 REGULATIONS, BY REGION
6.11.2.1 North America
6.11.2.1.1 US
6.11.2.1.2 Canada
6.11.2.2 Europe
6.11.2.2.1 European Union
6.11.2.3 Asia Pacific
6.11.2.3.1 China
6.11.2.3.2 India
6.11.2.4 South America
6.11.2.4.1 Brazil
6.12 PORTER'S FIVE FORCES ANALYSIS
TABLE 14 SPECIALTY ENZYMES MARKET: PORTER'S FIVE FORCES ANALYSIS
6.12.1 INTENSITY OF COMPETITIVE RIVALRY
6.12.2 BARGAINING POWER OF SUPPLIERS
6.12.3 BARGAINING POWER OF BUYERS
6.12.4 THREAT OF SUBSTITUTES
6.12.5 THREAT OF NEW ENTRANTS
6.13 KEY STAKEHOLDERS & BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON PURCHASE OF SPECIALTY ENZYMES FROM VARIOUS SOURCES
TABLE 15 INFLUENCE OF STAKEHOLDERS ON PURCHASE OF ENZYMES FROM VARIOUS SOURCES
6.13.2 BUYING CRITERIA
TABLE 16 KEY BUYING CRITERIA FOR TOP FOUR SPECIALTY ENZYME APPLICATIONS
FIGURE 36 KEY BUYING CRITERIA FOR TOP THREE SPECIALTY ENZYME APPLICATIONS
6.14 CASE STUDIES
6.14.1 BIOCATALYSTS ASSEMBLED MULTI-SKILLED PROJECT TEAM AND PRIORITIZED ON-SITE PRESENCE TO OVERCOME REMOTE WORKING CHALLENGES DURING COMMISSIONING PROCESS
6.14.2 CODEXIS DEPLOYED ITS CODEEVOLVER PLATFORM TO DEVELOP HIGHLY EFFICIENT AND STEREOSPECIFIC KETOREDUCTASE ENZYMES
6.14.3 THERMO FISHER SCIENTIFIC UTILIZED DIRECTED EVOLUTION TECHNIQUES TO ENGINEER NOVEL VARIANT OF PHI29 DNA POLYMERASE
6.15 INVESTMENT AND FUNDING SCENARIO
FIGURE 37 INVESTMENT AND FUNDING SCENARIO
7 SPECIALTY ENZYMES MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 38 SPECIALTY ENZYMES MARKET, BY TYPE, 2024 VS. 2029
TABLE 17 SPECIALTY ENZYMES MARKET, BY TYPE, 2020-2023 (USD MILLION)
TABLE 18 SPECIALTY ENZYMES MARKET, BY TYPE, 2024-2029 (USD MILLION)
TABLE 19 SPECIALTY ENZYMES MARKET, BY TYPE, 2020-2023 (KILOTONS)
TABLE 20 SPECIALTY ENZYMES MARKET, BY TYPE, 2024-2029 (KILOTONS)
7.2 CARBOHYDRASES
7.2.1 APPLICATIONS OF CARBOHYDRASES IN PHARMACEUTICAL, RESEARCH, AND BIOTECHNOLOGY SECTORS TO FUEL MARKET GROWTH
*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.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
TABLE 287 MARKETS ADJACENT TO SPECIALTY ENZYMES MARKET
14.2 LIMITATIONS
14.3 INDUSTRIAL ENZYMES MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
TABLE 288 INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 289 INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023-2028 (USD MILLION)