Global Specialty Enzymes Market: Snapshot
Enzymes are biocatalysts and highly specialized for accelerating various types of chemical reactions without undergoing self-changes. Specialty enzymes are used for special purposes in low volume and high value added applications. These enzymes are currently employed in various applications in DNA manipulation, research and biotechnology, etc. There are many types of specialty enzymes available used for diverse specialty applications which includes proteases, polymerases and nucleases, carbohydrases, lipases, dehydrogenase, and oxidases. According to the research report, the global specialty enzymes market is expected to be worth US$3,726.4 mn by the end of 2025 from US$1,782.0 mn in 2016. The report projects that the global market is likely to rise at a CAGR of 8.7% between 2017 and 2025.
Usage of specialty enzymes has resulted in reduced costs of DNA sequencing and manipulation, which has been a significant driver for the market. This factor has played a major role in bolstering the demand for specialty enzymes in areas of biotechnology, research and diagnostic applications. Biocatalysts are used in the production of pharmaceuticals and other fine chemicals; they are included in specialty enzymes due to their relatively low volume use and high value-added nature. Overall demand for biocatalysts is expected to increase at a strong pace, as drug and chemical manufactures continue to search for biocatalysts as alternate methods of production looked to overcome rising production costs.
Research and Biotechnology Provide Global Specialty Enzyme Market a Significant Impetus
On the basis of application, the global market is segmented into research and biotechnology, diagnostics, and other specialty. Of these, the research and biotechnology segment is expected to soar at a CAGR of 8.7% between 2017 and 2025. The growing investments in research and development and biotechnologies such as DNA sequencing, immunological assays, detection of RNA, molecular testing, tissue dissociation, and others have led to higher adoption of these enzymes. The report indicates that widening applications are likely to open up newer avenues for growth in the coming years. On the other hand, the diagnostics application segment is also likely to tread a positive path with increasing focus on developing accurate diagnostic tools.
North America to Remain Dominant in Global Market with Technological Advancements
By geography, global specialty enzymes market has been segmented into major five region: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2016, North America and Europe accounted for the largest share of the global specialty enzymes market. The U.S. dominated the specialty enzymes market in North America, accounting for around 89.8% share in 2016. This dominance is majorly due factors such technological advancements in biotech & research with rising demand of enzymes, extensive R&D practices and increasing use of enzymes by pharmaceutical companies, rising awareness of enzymes as nutraceuticals are driving market growth.
However, Europe is saturated and growing at slow steady rate while Asia is anticipated to witness the fastest CAGR during the forecast period with major contribution of countries such as India, Japan and China. New product launches with broaden applications, favorable regulations, and growing awareness are likely to drive the market in Asia Pacific during the forecast period.
The key players operating in the specialty enzymes market are Novozymes A/S, Amano Enzymes Inc., Codexis Inc., Advanced Enzymes Technologies Ltd., Affymetrix Inc., BBI Solutions, Roche CustomBiotech, Biocatalysts Ltd. and Amicogen Inc. The global specialty enzymes market is dominated only by few players that operates global market.
The global specialty enzymes market is segmented as follows:
by Application Type |
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Product Type |
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by Geography |
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Specialty Enzymes Market is anticipated to reach at a US$3,726.4 mn by 2025
Specialty Enzymes Market is anticipated to grow at a CAGR of 8.7% during the forecast period
Specialty Enzymes Market is driven by rising demand of enzymes, extensive R&D practices and increasing use of enzymes by pharmaceutical companies, rising awareness of enzymes as nutraceuticals
On the basis of application, the research and biotechnology segment is projected to grow during the forecast period
Some of the prominent players in the global speciality enzymes market are Affymetrix Inc., Roche CustomBiotech, BBI Solutions, and Biocatalysts Ltd.
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions
2.2. Acronyms Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Specialty enzymes Market Snapshot
3.2. Market Share Analysis by Region (2016)
3.3. Market Opportunity Map
4. Market Overview
4.1. Product Overview
4.2. Key Industry Events
4.3. Market Indicators
4.4. Global Specialty enzymes Market Size (US$ Mn) Forecast, 2015–2025
4.5. Porter’s Five Forces Analysis
4.6. Global Specialty enzymes Market Outlook
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.2. Drivers
5.2.1. Rising use of enzymes as biocatalysts
5.2.2. Growing biotech & diagnostic applications
5.2.3. Green solutions to industrial challenges
5.2.4. Rising awareness and broaden range of enzyme application
5.2.5. Increasing Investment
5.2.6. Mergers & acquisitions
5.3. Restraints
5.3.1. Technical and niche nature
5.3.2. Use of substitutes traditional chemical catalysts
5.3.3. Lack Of Customer Education And Process Adoption
5.1. Opportunity Analysis
5.2. Key Trend
5.2.1. Delivering Enzymes in Functional foods & Nutraceuticals
5.2.2. Enzymes as drugs & Therapeutics
5.2.3. Advanced technologies like Immobilized enzymes
6. Global Specialty enzymes Market Analysis, by Application Type
6.1. Introduction
6.2. Key Findings
6.3. Global Specialty enzymes Market Value Share Analysis, by Application Type, 2016 and 2025
6.4. Global Specialty Enzymes Market Forecast, by Application Type 2015–2025
6.5. Specialty Enzymes Market Analysis, by Application Type 2015–2025
6.6. Global Specialty enzymes Market Attractiveness Analysis, by Application Type, 2015–2025
7. Global Specialty enzymes Market Analysis, by Product
7.1. Introduction
7.2. Key Findings
7.3. Global Specialty enzymes Market Value Share Analysis, by Product Type, 2016 and 2025
7.4. Global Specialty Enzymes Market Forecast, by Product Type 2015–2025
7.5. Specialty Enzymes Market Analysis, by Product Type 2015–2025
7.6. Global Specialty enzymes Market Attractiveness Analysis, by Product Type, 2015–2025
8. Global Specialty enzymes Market Analysis, by Region
8.1. Global Market Scenario by Country
8.2. Global Specialty enzymes Market Value Share Analysis, by Region, 2016 and 2025
8.3. Specialty Enzymes Market Forecast, by Region, 2015–2025
8.4. Global Specialty Enzymes Market Attractiveness Analysis, by Region, 2015–2025
9. North America Specialty enzymes Market Analysis
9.1. Key Findings
9.2. Market Overview
9.3. North America Specialty Enzymes Market Value Share Analysis, by Country 2016 and 2025
9.4. North America Specialty Enzymes Market Forecast, by Country 2015–2025
9.5. North America Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
9.6. North America Specialty Enzymes Market Forecast, by Application 2015–2025
9.7. North America Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
9.8. North America Specialty Enzymes Market Forecast, by Product
9.9. North America Specialty enzymes Market Attractiveness Analysis
9.10. North America Specialty enzymes Market Trends
10. Europe Specialty enzymes Market Analysis
10.1. Key Findings
10.2. Market Overview
10.3. Europe Specialty Enzymes Market Value Share Analysis, by Country 2016 and 2025
10.4. Europe Specialty Enzymes Market Forecast, by Country 2015–2025
10.5. Europe Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
10.6. Europe Specialty Enzymes Market Forecast, by Application 2015–2025
10.7. Europe Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
10.8. Europe Specialty Enzymes Market Forecast, by Product 2015–2025
10.9. Europe Specialty enzymes Market Attractiveness Analysis
10.10. Europe Specialty enzymes Market Trends
11. Asia Pacific Specialty Enzymes Market Analysis
11.1. Key Findings
11.2. Market Overview
11.3. Asia Pacific Specialty Enzymes Market Value Share Analysis, by Country 2016 and 2025
11.4. Asia Pacific Specialty Enzymes Market Forecast, by Country 2015–2025
11.5. Asia Pacific Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
11.6. Asia Pacific Specialty Enzymes Market Forecast, by Application 2015–2025
11.7. Asia Pacific Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
11.8. Asia Pacific Specialty Enzymes Market Forecast, by Product 2015–2025
11.9. Asia Pacific Specialty enzymes Market Attractiveness Analysis
11.10. Asia Pacific Specialty enzymes Market Trends
12. Latin America Specialty enzymes Market Analysis
12.1. Key Findings
12.2. Market Overview
12.3. Latin America Specialty Enzymes Market Value Share Analysis, by Country 2016 and 2025
12.4. Latin America Specialty Enzymes Market Forecast, by Country 2015–2025
12.5. Latin America Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
12.6. Latin America Specialty Enzymes Market Forecast, by Application 2015–2025
12.7. Latin America Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
12.8. Latin America Specialty Enzymes Market Forecast, by Product 2015–2025
12.9. Latin America Specialty enzymes Market Attractiveness Analysis
12.10. Latin America Specialty enzymes Market Trends
13. Middle East & Africa Specialty Enzymes Market Analysis
13.1. Key Findings
13.2. Market Overview
13.3. Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Country 2016 and 2025
13.4. Middle East & Africa Specialty Enzymes Market Forecast, by Country 2015–2025
13.5. Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
13.6. Middle East & Africa Specialty Enzymes Market Forecast, by Application 2015–2025
13.7. Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
13.8. Middle East & Africa Specialty Enzymes Market Forecast, by Product 2015–2025
13.9. Middle East & Africa Specialty enzymes Market Attractiveness Analysis
13.10. Latin America Specialty enzymes Market Trends
14. Competition Landscape
14.1. Competition Matrix
14.2. Company Profiles
14.2.1. Novozymes A/S
14.2.1.1. Company Details
14.2.1.2. Business Overview
14.2.1.3. Financial Overview
14.2.1.4. Strategic Overview
14.2.1.5. SWOT Analysis
14.2.2. Advanced Enzymes Technologies Ltd.
14.2.2.1. Company Details
14.2.2.2. Business Overview
14.2.2.3. Financial Overview
14.2.2.4. Strategic Overview
14.2.2.5. SWOT Analysis
14.2.3. Amano Enzymes Inc.
14.2.3.1. Company Details
14.2.3.2. Business Overview
14.2.3.3. Financial Overview
14.2.3.4. Strategic Overview
14.2.3.5. SWOT Analysis
14.2.4. Codexis Inc.
14.2.4.1. Company Details
14.2.4.2. Business Overview
14.2.4.3. Financial Overview
14.2.4.4. Strategic Overview
14.2.4.5. SWOT Analysis
14.2.5. Affymetrix Inc.
14.2.5.1. Company Details
14.2.5.2. Business Overview
14.2.5.3. Financial Overview
14.2.5.4. Strategic Overview
14.2.5.5. SWOT Analysis
14.2.6. BBI Solutions
14.2.6.1. Company Details
14.2.6.2. Business Overview
14.2.6.3. Financial Overview
14.2.6.4. Strategic Overview
14.2.6.5. SWOT Analysis
14.2.7. Roche CustomBiotech
14.2.7.1. Company Details
14.2.7.2. Business Overview
14.2.7.3. Financial Overview
14.2.7.4. Strategic Overview
14.2.7.5. SWOT Analysis
14.2.8. Biocatalysts Ltd.
14.2.8.1. Company Details
14.2.8.2. Business Overview
14.2.8.3. Financial Overview
14.2.8.4. Strategic Overview
14.2.8.5. SWOT Analysis
14.2.9. Amicogen Inc.
14.2.9.1. Company Details
14.2.9.2. Business Overview
14.2.9.3. Financial Overview
14.2.9.4. Strategic Overview
14.2.9.5. SWOT Analysis
14.2.10. American Laboratories Inc.
14.2.10.1. Company Details
14.2.10.2. Business Overview
14.2.10.3. Financial Overview
14.2.10.4. Strategic Overview
14.2.10.5. SWOT Analysis
14.2.11. Other Prominent Companies in Specialty enzymes Market
List of Tables
TABLE 1 Global Specialty Enzymes Market Size (US$ Mn) Forecast, by Marker Type, 2015–2025
TABLE 2 Global Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
TABLE 3 Global Specialty Enzymes Market Size (US$ Mn) Forecast, by Region, 2015–2025
TABLE 4 North America Specialty Enzymes Market Size (US$ Mn) Forecast, by Country, 2015–2025
TABLE 5 North America Specialty Enzymes Market Size (US$ Mn) Forecast, by Application, 2015–2025
TABLE 6 North America Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
TABLE 7 Europe Specialty Enzymes Market Size (US$ Mn) Forecast, by Country, 2015–2025
TABLE 8 Europe Specialty Enzymes Market Size (US$ Mn) Forecast, by Application, 2015–2025
TABLE 9 Europe Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
TABLE 10 Asia Pacific Specialty Enzymes Market Size (US$ Mn) Forecast, by Country, 2015–2025
TABLE 11 Asia Pacific Specialty Enzymes Market Size (US$ Mn) Forecast, by Application, 2015–2025
TABLE 12 Asia Pacific Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
TABLE 13 Latin America Specialty Enzymes Market Size (US$ Mn) Forecast, by Country, 2015–2025
TABLE 14 Latin America Specialty Enzymes Market Size (US$ Mn) Forecast, by Application, 2015–2025
TABLE 15 Latin America Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
TABLE 16 Middle East & Africa Specialty Enzymes Market Size (US$ Mn) Forecast, by Country, 2015–2025
TABLE 17 Middle East & Africa Specialty Enzymes Market Size (US$ Mn) Forecast, by Application, 2015–2025
TABLE 18 Middle East & Africa Specialty Enzymes Market Size (US$ Mn) Forecast, by Product, 2015–2025
List of Figures
FIG. 1 Global Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 2 Market Value Share, by Application (2016)
FIG. 3 Market Value Share, by Product (2016)
FIG. 4 Market Value Share, by Region (2016)
FIG. 5 Global Specialty Enzymes Market Value Share Analysis, by Application Type, 2016 and 2025
FIG. 6 Global Research & Biotechnology Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 7 Global Diagnostics Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015-2025
FIG. 8 Global other Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 9 Specialty Enzymes Market Attractiveness Analysis, by Application Type
FIG. 10 Global Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 11 Global Protease Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 12 Global Carbohydrases Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 13 Global Polymerases & Nucleases Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 14 Global Lipase Specialty Enzymes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 15 Global Others Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2025
FIG. 16 Global Specialty Enzymes Market Attractiveness Analysis, by Product
FIG. 17 Global Specialty Enzymes Market Value Share Analysis, by Region, 2016 and 2025
FIG. 18 Global Specialty Enzymes Market Attractiveness Analysis, by Region, 2015–2025
FIG. 19 North America Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 20 North America Specialty Enzymes Market Attractiveness Analysis, by Country, 2017–2025
FIG. 21 North America Specialty Enzymes Market Value Share Analysis, by Country, 2016 and 2025
FIG. 22 North America Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
FIG. 23 North America Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 24 North America Specialty Enzymes Market Attractiveness Analysis, by Application, 2017–2025
FIG. 25 North America Specialty Enzymes Market Attractiveness Analysis, by Product, 2017–2025
FIG. 26 Europe Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 27 Europe Specialty Enzymes Market Attractiveness Analysis, by Country, 2017–2025
FIG. 28 Europe Specialty Enzymes Market Value Share Analysis, by Country, 2016 and 2025
FIG. 29 Europe Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
FIG. 30 Europe Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 31 Europe Specialty Enzymes Market Attractiveness Analysis, by Application, 2017–2025
FIG. 32 Europe Specialty Enzymes Market Attractiveness Analysis, by Product, 2017–2025
FIG. 33 Asia Pacific Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 34 Asia Pacific Specialty Enzymes Market Attractiveness Analysis, by Country, 2017–2025
FIG. 35 Asia Pacific Specialty Enzymes Market Value Share Analysis, by Country, 2016 and 2025
FIG. 36 Asia Pacific Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
FIG. 37 Asia Pacific Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 38 Asia Pacific Specialty Enzymes Market Attractiveness Analysis, by Application, 2017–2025
FIG. 39 Asia Pacific Specialty Enzymes Market Attractiveness Analysis, by Product, 2017–2025
FIG. 40 Latin America Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 41 Latin America Specialty Enzymes Market Attractiveness Analysis, by Country, 2017–2025
FIG. 42 Latin America Specialty Enzymes Market Value Share Analysis, by Country, 2016 and 2025
FIG. 43 Latin America Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
FIG. 44 Latin America Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 45 Latin America Specialty Enzymes Market Attractiveness Analysis, by Application, 2017–2025
FIG. 46 Latin America Specialty Enzymes Market Attractiveness Analysis, by Product, 2017–2025
FIG. 47 Middle East & Africa Specialty Enzymes Market Size (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025
FIG. 48 Middle East & Africa Specialty Enzymes Market Attractiveness Analysis, by Country, 2017–2025
FIG. 49 Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Country, 2016 and 2025
FIG. 50 Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Application, 2016 and 2025
FIG. 51 Middle East & Africa Specialty Enzymes Market Value Share Analysis, by Product, 2016 and 2025
FIG. 52 Middle East & Africa Specialty Enzymes Market Attractiveness Analysis, by Application, 2017–2025
FIG. 53 Middle East & Africa Specialty Enzymes Market Attractiveness Analysis, by Product, 2017–2025