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Marine Enzymes Market

Market Insights on Marine Enzymes covering sales outlook, demand forecast & up-to-date key trends

Marine Enzymes Market By Product Type (Agarases, Amylases, ?-Amylases, Glucoamylases, Pullulanases, Glucosidases, Inulinases, Proteases) By End-Use (Dairy Products, Brewing, Meat Products, and Processing, Bakery & Confectionery, Baby Food/ Infant Food, Oil & Fat Processing, Starch and Grain Processing, Fruits and Vegetable Processing, Cheese Making/ Processing, Egg Products, Beverages, Dietary Supplements, Pharmaceutical Products, Personal Care Products, Animal Nutrition) & Region for 2022 – 2032

Marine Enzymes Market Outlook – 2022 – 2032

The Marine Enzymes market is valued at USD 463.7 Mn in 2022 and is projected to grow at a CAGR of 7.0% during the forecast period, to reach a value of USD 912.1 Mn by 2032. Newly released data from Future Market Insights market analysis shows that global Marine Enzymes demand is projected to grow year-on-year (Y-o-Y) growth of 4.5% in 2022.

Market Size Value in 2022

USD 463.7 Mn

Market Forecast Value in 2032

USD 912.1 Mn

Global Growth Rate (2022 to 2032)

7.0% CAGR

Forecast Period

2022-2032

Collective Value Share: Top 3 Countries (2021A)

38.8%

Marine enzymes are bioactive ingredients that have several applications in the preparation, preservation, fortification, and other areas of food. The majority of marine enzymes come from plants and animals that live underwater.

Its numerous benefits over conventional enzymes, including its ability to process food at extreme temperatures and pH levels, its use in heat-sensitive processes, and the fact that it thickens and stabilizes a variety of foods and other products, are anticipated to support its growth globally during the forecast period.

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2017-2021 Marine Enzymes Market Outlook Compared to 2022-2032 Forecast

The market grew with a CAGR of 6.4% between 2017 and 21, as the nutraceutical sector heavily relies on marine enzymes substances including photosynthetic pigments and omega-3 polyunsaturated fatty acids, which is anticipated to significantly increase demand for marine enzymes throughout the projection period.

In addition, growing demand for marine enzymes across industries, particularly in the food & beverage, cosmetics, and pharmaceutical sectors, is anticipated to drive market expansion shortly

Marine enzymes and the food industry

Scientific studies and patent filings provide mounting evidence that the marine environment is a valuable source of biocatalysts with potential for use in a variety of industrial applications. Marine microorganisms must tolerate ecosystems with high salinity, temperature, or pressure conditions.

Their enzymes have complementary properties, such as thermostability or halostability, that make them desirable for use in practical applications. Given their specificity, adherence to rigorous rules, relatively benign operational conditions needed, and environmentally friendly nature, enzymes are utilized in the food industry.

For instance- Agar, a colloid produced from seaweeds that is frequently employed as an additive in food processing because it can function as an emulsifying, gelling, and stabilizing agent, is hydrolyzed using agarases. Agarose makes up the majority of agar, which also contains agaropectin.

Amylases- These enzymes act on starch and starch derivatives as Starch hydrolysates and other derivatives are widely used in the food and beverage industry.

Country-wise Insights

How is the US Marine Enzymes Market Shaping?

In 2022, the North American region dominated the market and contributed the largest percentage—more than 35.5%—of worldwide revenue. This is due to the presence of several end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceutical industries, as well as the great potential for R&D activities in the region's major economies.

What Factors Are Leading to the Growth of India’s Marine Enzymes Market?

According to FMI, the Indian Marine Enzymes market is estimated to account for 28.6% market share in the south Asia market in 2022 as the food and beverage business has been rising generally, which has been positively impacted by the increasing urbanization and population in India. The expansion of the sector is significantly influenced by the rising global demand for marine enzymes in pharmaceuticals and personal care products.

Nandini Roy Choudhury
Principal Consultant
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Category-wise Insights

What Is Causing Protease Product Type to Grow Significantly?

Protease enzymes are increasingly used in the manufacture of several packaged food products due to their numerous benefits, which include lower food processing costs. Protease is required for several FMCG food products, including bread, cookies, and other bakery goods, as well as improving the digestion of some meals.

Sales of protease are anticipated to grow throughout the projected period since it is widely utilized in the manufacturing of meat products, baby food, and other items. Protease's growing use in the pharmaceutical business is also anticipated to boost market expansion. Between 2022 and 2032, the market is expected to expand at a CAGR of 8.4%, according to FMI.

Competitive Landscape

Some of the major players operating in the marine enzymes market include Biotec Pharmacon ASA, BioLume Inc., DASK Corp, and ArcticZymes among others. Protease and other marine enzyme manufacturers must abide by the rules set forth by various regulatory bodies, including the EU REACH (Registration, Evaluation, and Authorization of Chemicals) Regulation, the Enzyme Technical Association (ETA), and the Association of Manufacturers & Formulators of Enzyme Products (AMFEP).

The food chemicals codex stipulates guidelines for the use of enzymes in the food industry. There is no single regulatory framework for the use of industrial enzymes, although they are subject to severe regulations in Canada, the United Kingdom, and the European Union. As a result, before putting products on the market, manufacturers are required to follow strict labeling, packing, and mixing guidelines.

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Scope of Report

Attribute

Details

Market Size Value in 2022

USD 463.7 Mn

Market Forecast Value in 2032

USD 912.1 Mn

Global Growth Rate

7.0% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Mn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others

Key Market Segments Covered

Product Type, End Use

Key Companies Profiled

  • Novozymes A/S
  • Advanced Enzymes Technologies Limited
  • BASF SE
  • Royal DSM N.V.
  • E.l. Du Pont de Nemours & Company
  • Rossari Biotech Limited
  • AB Enzymes GmbH
  • Lallemand Inc.
  • Amano Enzymes Inc.
  • Biocatalysts Limited
  • Creative Enzymes
  • Nagase & Co., Ltd.
  • Chr Hansen Holding A/S
  • Jiangsu Boli Bioproducts Co. Ltd.
  • Kemin Industries, Inc
  • Others

Pricing

Available upon Request

Marine Enzymes Market by Category

By Product Type:

  • Agarases
  • Amylases
  • α-Amylases
  • Glucoamylases
  • Pullulanase
  • Glucosidases
  • Inulinases
  • Proteases

By End-Use:

  • Dairy Products
  • Brewing
  • Meat Products and Processing
  • Bakery & Confectionery
  • Baby Food/ Infant Food
  • Oil & Fat Processing
  • Starch and Grain Processing
  • Fruits and Vegetable Processing
  • Cheese Making/ Processing
  • Egg Products
  • Beverages
  • Dietary Supplements
  • Pharmaceutical Products
  • Personal Care Products
  • Animal Nutrition

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The Marine Enzymes market is estimated to reach sales of nearly USD 463.7 Mn by 2022.

Marine Enzymes market revenue is expected to increase at a CAGR of around 7.0% during the period 2022-2032.

Marine Enzymes sales increased a CAGR of around 6.4% over the past half-decade.

The global Marine Enzymes market value is estimated to be around USD 912.1 Mn in 2032.

The top countries driving the Marine Enzymes demand are the US, Germany, China, and the UK.

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Nandini Roy Choudhury
Principal Consultant
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