Enzymes Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Enzymes Category Overview

The enzymes category is anticipated to grow at a CAGR of 6.6% from 2023 to 2030. North America is the major market for a variety of industries, including food and beverage, laundry detergent, pharmaceuticals, personal care, and cosmetics. This is due to the strong end-use in these industries, as well as increasing R&D activities in this region. In 2022, the region accounted for 38% of the global market share and is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period.

Key drivers such as growing demand for clean label & natural products, personalized medicine, advances in biotechnology, increased focus on sustainability and biofuels industries are driving this category. Biofuel policies in Asia Pacific are driving the growth of enzymes in biofuel applications. For example, India has a biofuel policy that aims to have blending rates of 20% ethanol and 5% biodiesel by 2030.

This category is consolidated, with a small number of large-scale vendors accounting for major share. These companies are investing heavily in research and development, primarily to develop environmentally friendly products. This is because there is a growing demand for sustainable enzymes from consumers and regulators.

• In January 2023, Novus International, Inc., an international animal health & nutrition company announced the acquisition of Agrivida Inc., a biotech company. With this acquisition, Novus took ownership of the flagship INTERIUS™ technology developed by Agrivida to implant feed additives in grain.

• In August 2022, BASF entered into a strategic binding agreement with Danstar Ferment AG (a subsidiary of Lallemand Inc.) for divesting the company’s baking enzymes portfolio and business – Nutrilife. Nutrilife assists food suppliers to produce healthy, cost-efficient, and appealing food products while supporting the optimum use of resources.

• In June 2022, Enzymedica a Florida-based company that provides high-quality natural digestive solutions, launched Kiwi Regularity Chewable. This product is made with Zespri kiwis, which are grown in a region with high levels of UV light exposure. This exposure causes the plants to produce more beneficial secondary metabolites, such as polyphenols and   carotenoids. 

Recent technological advancements in this category include biocatalytic technology. This technology is gaining attention due to its sustainable mild reaction conditions, such as low temperature, substrate specificity, recyclability, and natural product separation. Protein engineering can be used to modify enzymes to reduce costs and improve their properties like thermostability, and resistance to harsh reaction conditions. Assisted intensification techniques, such as ultrasonication, microwave, and pulsed electric field, can be used to enhance enzyme reactions and reduce processing costs.

The price and cost components of enzymes are influenced by several factors, including the production method, the cost of raw materials, the complexity of the enzyme structure, the production scale, and the purification processes. The primary cost driver is the production method, which can vary from microbial fermentation to recombinant DNA technology. The cost of raw materials, such as substrates and nutrients, also contributes to the overall cost. Additionally, the complexity of the enzyme structure, production scale, and purification processes further impact the cost. Other factors like research and development expenses, regulatory requirements, and market competition also influence the pricing of enzymes.

When it comes to sourcing enzymes, it is crucial to follow the best practices to ensure high quality and reliable products. One of the key considerations is to work with reputable suppliers who specialize in enzyme production and have a proven track record in the industry. These suppliers should adhere to strict quality control measures, ensuring that their enzymes are produced using reliable and sustainable processes. Additionally, it is essential to prioritize suppliers who offer comprehensive documentation, including certificates of analysis and batch-specific information. This enables customers to verify the quality and authenticity of the enzymes they are purchasing. Finally, considering suppliers who engage in continuous research and development efforts can be beneficial, as they are likely to offer cutting-edge enzyme solutions. 

Enzymes Procurement Intelligence Report scope