Marine Enzymes Market Analysis

Marine enzymes market size from the amylases product segment is slated to expand at a CAGR of 6.5% CAGR up to 2032. Amylases are primarily derived from plant, animal and microbial sources. These enzymes record huge commercial application in the food, detergent, brewing, textile, and distilling industries. Considering their benefits of facilitating microbial production, amylases are also utilised in clinical, medicinal, and analytical chemistry. Rising demand across a wide range of industrial processes in the food, fermentation and pharmaceutical sectors will also add to the product preference.

The marine enzymes market from lipases segment is expected to account for a significant share through 2032, due to their higher adoption in several industries as flavorings, texturants, cleaning agents, and shelf life enhancers. The surging consumer awareness pertaining to animal health has resulted in the rising interest in high-quality dairy products & meat across various developing regions.

With respect to application, the marine enzymes market valuation from food & beverages segment is projected to cross USD 280 million by 2032, attributed to the increasing usage of esterases and lipases across the food industry for improving the quality of bakery as well as confectionery products as they help in cleaving and forming the ester bonds. The application of marine enzymes in the food processing industry gives rise to superior products with enhanced yields as well as reduced carbon footprint, environmental pollution and energy consumption. It also helps in generating low greenhouse gas emissions and minimised raw material wastage. Moreover, the demand for agarases, which is utilised in the hydrolysis of agar, is substantially growing considering its usage as an additive in food processing as a gelling, emulsifying, and stabilizing agent.

North America marine enzymes market share is poised to surpass USD 280 million by 2032, impelled by the strong presence of advanced globalization and technology base in the region. The growing penetration of well-established retail businesses has propelled the adoption of marine enzymes in food & beverage applications. The increasing number of research activities related to the development of marine bio-enzymes to cater to various present as well as new applications, specifically in Canada will positively influence the market expansion in North America.