Delray Beach, FL, Aug. 07, 2025 (GLOBE NEWSWIRE) — According to a research report published by MarketsandMarkets, “Specialty Enzymes Market by Source (Microorganism, Plant, Animal), Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Pharmaceuticals, Diagnostics, Research & Biotechnology), Form & Region – Global Forecast to 2029″.
Specialty Enzymes Market Size & Growth
- 2029 Market Size: $9.2 billion
- 2024 Forecast: $6.1 billion
- Forecast CAGR (2024 – 2029): 8.5%
- Top Segments: Source, Type, Application, Region
- Leading Applications: Pharmaceuticals, Diagnostics, Research & Biotechnology
The specialty enzymes market is on an accelerated growth path, propelled by public funding, expanding pharmaceutical demand, and rising applications in diagnostics and industrial processing. From funding initiatives like India’s BIG scheme to booming protease demand and regional momentum in Asia Pacific, several forces are reshaping the future of enzyme technology.
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Supportive Government Policies and Funding Drive Innovation
Governments across the globe are playing a pivotal role in driving biotechnological advancements through funding and incentives. These measures not only foster R&D but also promote the commercialization of innovative enzyme-based solutions across industries.
- European Union: The Horizon Europe program, with a staggering USD 103.6 billion budget for 2021–2027, places biotechnology at the heart of its research agenda. This commitment bolsters the development of cutting-edge enzyme applications for medical, agricultural, and industrial sectors.
- United States: The NIH allocated over USD 42.0 billion in 2022 for biomedical research. A portion of this investment is earmarked for biotech projects, including the creation of novel enzymes for therapeutic and industrial use.
- India: The Biotechnology Industry Research Assistance Council (BIRAC), under the Department of Biotechnology, is actively fueling innovation via programs like the Biotechnology …