The global enzyme market is anticipated to grow at a CAGR of 6.8% during the forecast period (2024-2031). The rising use of enzymes in skincare products is propelling the enzyme market across the globe. These enzymes help in preventing acne, pigmentation, skin aging, and other skin-related problems. Acnes are a very common problem around the world, which affect millions of people it can occur at any stage of life and may continue longer. According to the American Academy of Dermatology Association, Acne is the most common skin condition in the US, affecting up to 50 million Americans annually. Due to this the cosmetics industry uses enzymes in their products to prevent acne. Also, the number of old age people is increasing faster than any other age group hence increasing the demand for anti-aging creams, which in turn creates the demand for the enzymes market.
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Moreover, skin aging leads to various skin problems such as higher venerability to skin infections, increased radiation sensitivity, collagen degradation, and a decrease in subcutaneous fat problems over younger skin, these factors necessitate the usage of anti-aging cosmetics among the aged population. According to United Nations World Population Ageing, in 2019, there were 703 million persons aged 65 years or over across the globe. Which is estimated to double to 1.5 billion in 2050.
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Market Coverage
- Segment Covered-
o By Type
o By Product
o By Source
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- BASF SE, DuPont de Nemours, Inc., Novozyme A/S, Koninklijke DSM N.V., F. Hoffmann-La Roche Ltd., Kerry Group
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Enzyme Market Report Segment
By Type
- Industrial
- Specialty
By Product
- Carbohydrase
- Proteases
By Source
- Microorganisms
- Plant
- Animal
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