Analyzing the Varied Application Areas of the Enzyme Market

Enzymes are defined as catalysts that are protein in nature and can enhance the rate of a chemical reaction by reducing the activation energy required for the reaction to take place. Enzymes are used across various industries, such as food and beverage, biofuel, cleaning products, and pharmaceuticals

The discovery of enzymes that have the ability to cleave and ligate the nucleic acid propelled the development of the genetic engineering industry. The use of enzymes in activities such as cloning, and gene editing has become a common phenomenon in agriculture and pharmaceutical industries. Further, enzymes are used in biotechnology to produce insects, droughts, and disease resistant crops and create organisms with desirable qualities and better commercial performance.

Highlighting the potential opportunities and the current factors contributing to the growing demand for enzymes, BIS Research published a market intelligence report titled, “Global Enzymes Industry – Analysis and Forecast (2018-2025).” According to the report, the global enzymes market was valued at $6.57 billion in 2017 and is projected to reach $10.63 billion by 2025, growing at a CAGR of 6.04% during the forecast period, 2018-2025.

The growth of the market can be attributed to the advantages of enzymes, such as flexibility to carry out reactions at normal temperature and pressure and the ability to eliminate the need for expensive equipment along with other factors, such as the use of natural enzymes, evolution of the enzyme technology, and the impact of genetically modified organism (GMO) crops.  

The study published by BIS Research examines the global enzymes market under different segments. The report categorizes the market based on product, end user, and region. On the basis of product, the market constitutes of five sub-segments, namely restriction enzymes, DNA Ligase, DNA Polymerase, Reverse Transcriptase, and others. Further, company profiles of leading market players, such as AB Enzymes, Agilent Technologies, and Amano Enzymes Inc., are included in the report.

With ongoing research and development activities, enzymes are expected to be used for applications such as drug discovery, nutraceuticals, and various other avenues in addition to the ones discussed above.