Enzymes and prepared enzymes market in Denmark

Earlier Report Observations

The Danish market for enzymes and prepared enzymes began the period at $354 million in 2018, supported by strong innovation activity and record patent filings from leading producers like Novozymes and Danisco. Market volume then contracted over the next two years, falling to $245 million by 2020. This decline coincided with the implementation of new chemical legislation in 2019 that affected enzyme use and regulation, while the industry simultaneously focused on developing enzyme solutions to reduce food waste and meet sustained demand from the food sector.

From 2021, the market entered a recovery phase, growing to $248 million that year as producers emphasized sustainability and optimized enzyme properties for industrial processes through protein engineering. The introduction of the EU In Vitro Diagnostic Medical Devices Regulation in May 2022 imposed new certification and clinical documentation requirements for diagnostic enzymes, yet broader demand from food, agriculture, and industrial applications, alongside research into novel enzymes for lactose-free milk and methane reduction, drove the market to a peak of $330 million by 2023.

In 2024, the market experienced a sharp correction, shrinking by 24% to $252 million.

Production enzymes and prepared enzymes in Denmark

In value, 2018-2021, M $ US

Denmark's production of enzymes and prepared enzymes has grown for the second year in a row. In 2021, the output was valued at 1 545 million US dollars, marking a 5.8% increase from the previous year. Looking at the period from 2018 to 2021, production rose by 7.7%, which translates to an average annual growth rate of 2.5%. The lowest value was recorded in 2019 at 1 367 million US dollars, when production fell by 4.7%. In contrast, the largest increase occurred in 2020, with a 6.8% rise.

Annual dynamics of production in Denmark in value, 2018-2021, M $ US

In kind, 2018-2021, K t

Denmark's production volume of enzymes and prepared enzymes has decreased for the third consecutive year. In 2021, the country produced 132.1 thousand tonnes, representing a moderate decline of 9.0% compared to 2020. Over the period from 2018 to 2021, production dropped by 21.1%, averaging an annual decrease of 7.6%.

Annual dynamics of production in Denmark in kind, 2018-2021, K t

Exports enzymes and prepared enzymes from Denmark

Exports in kind, K t

Exports of enzymes and prepared enzymes from Denmark have increased for the second year in a row. In 2021, exports reached 126.1 thousand tonnes, up 2.7% from 2020. The lowest level was in 2019 at 119.4 thousand tonnes, when exports fell by 3.7%. The largest increase was recorded in 2020, with a 2.8% rise.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, K t

From 2018 to 2021, the Netherlands, the United States, and Germany were the top buyers of enzymes and prepared enzymes from Denmark, accounting for 13.6%, 9.1%, and 6.9% of exports in kind, respectively. However, their combined share was only 29.6% of total exports, indicating a diversified market structure.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

The value of exported enzymes and prepared enzymes from Denmark has risen for the second consecutive year. In 2021, exports totaled 1 555 million US dollars, showing a strong increase of 11.8% compared to the previous year. Between 2018 and 2021, exports grew by 19.5%, with a compound annual growth rate of 6.1%. The lowest value was in 2019 at 1 258 million US dollars, when exports declined by 3.3%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

From 2018 to 2021, Denmark's export partners for enzymes and prepared enzymes in value terms were quite diverse. The United States, the Netherlands, and Germany accounted for 12.4%, 11.3%, and 10.0% of exports, respectively, but together they represented only 33.8% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports enzymes and prepared enzymes to Denmark

Imports in kind, K t

After two years of decline, imports of enzymes and prepared enzymes into Denmark have started to increase. In 2021, imports amounted to 29.1 thousand tonnes, reflecting a 16.7% rise from the previous year. Over the period from 2018 to 2021, imports decreased by 5.8%, averaging an annual drop of 2.0%. The lowest level was in 2020 at 25.0 thousand tonnes, following a 13.5% decline in 2019.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, K t

Throughout 2018 to 2021, the United States, China, and Germany were the key suppliers for Denmark's imports of enzymes and prepared enzymes in kind, with shares of 32.3%, 31.7%, and 12.5%, respectively. Together, they accounted for 76.6% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

After two years of decline, the value of imported enzymes and prepared enzymes into Denmark has rebounded. In 2021, imports came to 258 million US dollars, up by 46.9% from 2020. From 2018 to 2021, imports increased by 17%, with a compound annual growth rate of 5.4%. The lowest value was in 2020 at 176 million US dollars, after a 12.5% drop in 2019.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

From 2018 to 2021, the United States, China, and Belgium played leading roles in Denmark's imports of enzymes and prepared enzymes in value terms, accounting for 24.8%, 18.7%, and 11.6%, respectively. Their combined share was 55.0% of total imports.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021