Hydrolase Enzymes Market Key Players ,Industry Share ,Growth, And Forecast To 2030: Grand View Research Inc.

 Hydrolase Enzymes Market Growth & Trends

The global hydrolase enzymes market size is expected to reach USD 9.82 billion by 2030, as per the new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.6% from 2022 to 2030. The growth is majorly driven by the rising global consumption of bakery products and fruit juices across the globe. The product is also used for manufacturing artificial sweeteners and prebiotic products such as isomaltose for juices and wines.

The hydrolase enzymes industry is established with major applications in food & beverages, pharmaceuticals, laundry detergent, and personal care & cosmetics sectors. The market is primarily driven by growing demand from the brewing and dairy industries. The growth market can also be attributed to a shift in consumer preferences concerning processed and packaged foods due to the increasing awareness of food security & safety.

North America is a prominent market for hydrolase enzymes due to the presence of numerous manufacturers catering to various end-user industries including pharmaceuticals, laundry detergent, food & beverage, and personal care & cosmetics along with the high scope for R&D activities in major countries of the region. The rising demand for the product to improve the nutritional content of the feed is likely to emerge as one of the key factors driving the product demand in the region.

Moreover, the outbreak of the COVID-19 pandemic has led to a significant rise in the demand for hydrolase enzymes in the food & beverage industry as consumers have become highly aware of the importance of healthy, nutritious, and safe eating. Along with the increased demand for ingredients, food enzyme manufacturers have also expanded their production capacity to meet the growing demand.

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Hydrolase Enzymes Market Report Highlights

• Peptidase is the fastest growing product segment with a CAGR of 7.1 % based on the product’s ability to enhance the extraction process, yield, and texture of fruit juices
• Pharmaceutical application is the fastest growing segment with a CAGR of 7.2% owing to the growing population, high consumer demand, and rising awareness regarding diseases
• Europe is the fastest growing region with a CAGR of 7.3% due to the strong presence of prominent manufacturers in the food & beverage, pharmaceuticals, and personal care & cosmetics, and laundry detergent industries
• Challenges faced by the industry comprise high sensitivity of enzymes to pH and temperature coupled with product handling security problems
• The market players are constantly involved in strategic initiatives such as mergers & acquisitions, new product development, and capacity enhancement to gain a competitive edge in the market. For example, in April 2021, BASF SE merged with Sandoz GmbH, a subsidiary of Novartis, to invest in its Kundl/Schaftenau Campus in Austria. This move is expected to lead to an increase in the production capacity and product portfolio of BASF SE in the biotechnology and hydrolase enzymes segment

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Hydrolase Enzymes Market Segmentation

Grand View Research has segmented the global hydrolase enzymes market based on product, application, and region:

Hydrolase Enzymes Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Esterase
• Glycosylases
• Peptidases
• Others

Hydrolase Enzymes Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Pharmaceutical
• Food & Beverages
• Laundry Detergents
• Cosmetics
• Textile
• Pulp and Paper
• Biofuel
• Others

Hydrolase Enzymes Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Denmark
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players in the Hydrolase Enzymes Market

• Creative Enzymes
• Advanced Enzyme Technologies
• Infinita Biotech Private Limited
• Antozyme Biotech Pvt. Ltd.
• Novozymes
• Specialty Enzymes & Probiotics
• Aumgene Biosciences

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.