Enzymes Market Worth $20.31 Billion by 2030 - Grand View Research, Inc.

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16 Aug, 2022, 13:00 GMT

SAN FRANCISCO, Aug. 16, 2022 /PRNewswire/ -- The global enzymes market size is expected to reach USD 20.31 billion by 2030, registering a CAGR of 6.5% during the forecast years, according to a new study by Grand View Research, Inc. The rising consumption of functional food products on account of the increasing awareness regarding an individual's health is likely to influence the demand during the forecast period positively. Carbohydrase is bifurcated as cellulose, amylase, pectinase, xylanase, and lactase. It is widely used as an ingredient in the formulation of carbonated drinks. The growing usage of different kinds of carbohydrase in the animal feed and pharmaceutical industries is further projected to boost the overall demand in the coming years.

Key Industry Insights & Findings from the report:

The food & beverages segment accounted for the largest revenue share in 2021 due to the rising usage of enzymes in bakery and functional food products
The industrial segment led the market in 2021 owing to the high product demand from the food & beverages, animal feed, detergents, and water treatment industries
Microorganisms emerged as the dominant source segment in 2021 due to the growing demand for microbial enzymes worldwide
North America is projected to witness substantial growth from 2022 to 2030 due to the rising R&D activities and the presence of numerous end-use application manufacturers in the region
Pharmaceuticals emerged as the largest specialty type segment in 2021 on account of the increasing product usage in different applications including wound healing, diagnosing diseases, and killing disease-causing bacteria

Read 140-page full market research report for more Insights, "Enzymes Market Size, Share & Trends Analysis Report By Product (Lipases, Polymerases & Nucleases, Carbohydrase), By Type (Industrial, Specialty), By Source (Plants, Animals), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Enzymes Market Growth & Trends

In North America, the U.S. is dominating the regional market on account of the changing consumer preferences and rising demand for organic and nutritional food items from the food & beverage industry. Furthermore, the rising demand from the pharmaceutical and nutraceutical industries is anticipated to fuel the region's growth during the forecast period. The industry is oligopolistic, with major players dominating it, such as DSM, Novozymes, and DuPont Danisco. There is a significant rise in the demand for high-quality specialty enzymes across the globe. Thus, raw material distributors and manufacturers are witnessing a spike in growth opportunities to offer uniform and superior-quality products via a systematic supply chain network.

Enzymes Market Segmentation

Grand View Research has segmented the global enzymes market on the basis of type, product, source, and region:

Enzymes Market - Type Outlook (Revenue, USD Million, 2018 - 2030)

Industrial Enzymes

Food & Beverages
Detergents
Animal Feed
Biofuels
Textiles
Pulp & Paper
Nutraceutical
Personal Care & Cosmetics
Wastewater
Others

Specialty Enzymes

Pharmaceutical
Research & Biotechnology
Diagnostics
Biocatalyst

Enzymes Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

Carbohydrase
Proteases
Lipases
Polymerases & Nucleases
Others

Enzymes Market - Source Outlook (Revenue, USD Million, 2018 - 2030)

Plants
Animals
Microorganisms

Enzymes Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

Japan
China
India
South Korea
Indonesia
Australia

Central & South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
Turkey

List of Key Players in the Enzymes Market

BASF SE
Novozymes
DuPont Danisco
DSM
Novus International
Adisseo
Associated British Foods Plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Lesaffre
Enzyme Development Corp.

Check out more related studies published by Grand View Research:

Healthcare Specialty Enzymes Market - The global healthcare specialty enzymes market size is estimated to reach USD 3.8 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2020 to 2027.
In-vitro Diagnostics Enzymes Market - The global in-vitro diagnostics enzymes market size is expected to reach USD 1.41 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.97% from 2020 to 2027. Accurate and rapid diagnosis and treatment of clinical disorders are essential for optimal clinical outcomes. Owing to the noteworthy biocatalytic properties, enzymes are used in the diagnosis of a wide range of diseases.
Molecular Biology Enzymes, Reagents And Kits Market - The global molecular biology enzymes, reagents and kits market size is expected to reach USD 29.3 billion by 2027, expanding at a CAGR of 11.0%, according to a new report by Grand View Research, Inc. The molecular biology field holds great potential to advance the medical treatments based on increasing scientific knowledge of cellular processes coupled with improving access to proteomics and genomics data.

Browse through Grand View Research's Catalysts & Enzymes Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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