What is the global market size of Enzymes Market?

Enzymes Market size was valued at USD 11.47 billion in 2021 and is poised to grow from USD 12.28 billion in 2022 to USD 20.31 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Enzymes Market?

Key players in the global enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'Novozymes', 'DSM', 'BASF SE', 'DowDuPont Inc.', 'Chr. Hansen Holding A/S', 'Kerry Group plc', 'Roche Holding AG', 'Amano Enzyme Inc.', 'Advanced Enzyme Technologies Ltd.', 'AB Enzymes GmbH', 'Enzyme Development Corporation', 'Specialty Enzymes & Biotechnologies Co.', 'Biovet Private Limited', 'Biocatalysts Ltd.', 'Creative Enzymes', 'Dyadic International Inc.', 'Lumis Biotech Pvt. Ltd.', 'Megazyme International Ireland Ltd.', 'Nagase America LLC', 'Nutriteck Inc.'

Enzymes Market Size, Share, Growth Analysis, By Source (Microorganism, Plant), By Type (Carbohydrases, Proteases), By Reaction Type (Hydrolases, Oxidoreductases), By Product Type & Application (Industrial Enzymes, Specialty Enzymes), By Region -Industry Forecast 2024-2031.

Report ID: SQSG30I2034 | Region: Global | Published Date: November, 2024
Pages: 165 | Tables: 66 | Figures: 75

Enzymes Market Competitive Landscape

Enzymes market Top Players Company Profiles

BASF SE
International Flavors & Fragrances Inc.
Associated British Foods Plc
DSM-Firmenich
Kerry Group Plc
Dyadic International Inc.
Advanced Enzyme Technologies
Aumgene Biosciences
Amano Enzyme Inc.
Codexis, Inc.
Sanofi
Merck KGAA
Adisseo
Creative Enzymes
Enzyme Solutions
Enzymatic Deinking Technologies, Llc
Tex Biosciences (P) Ltd.
Denykem
Metgen
Biovet S.A.

Enzymes market Recent Development

In June 2022, Enzymedica launched the kiwi regularity chewable. It is a Florida-based firm that provides high-quality natural digestive solutions. Zespri kiwis are notable for having a higher level of UV light exposure that causes the plants to produce more advantageous secondary metabolites like polyphenols and carotenoids as a result of their location.

Enzymes Market Report Snapshots

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Global Enzymes Market size was valued at USD 11.2 billion in 2022 and is poised to grow from USD 12.08 billion in 2023 to USD 22.20 billion by 2031, growing at a CAGR of 7.90% during the forecast period (2024-2031).

Key players in the global enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'BASF SE', 'International Flavors & Fragrances Inc.', 'Associated British Foods Plc', 'DSM-Firmenich', 'Kerry Group Plc', 'Dyadic International Inc.', 'Advanced Enzyme Technologies', 'Aumgene Biosciences', 'Amano Enzyme Inc.', 'Codexis, Inc.', 'Sanofi', 'Merck KGAA', 'Adisseo', 'Creative Enzymes', 'Enzyme Solutions', 'Enzymatic Deinking Technologies, Llc', 'Tex Biosciences (P) Ltd.', 'Denykem', 'Metgen', 'Biovet S.A.'

The rising prevalence of chronic diseases will drive market growth

The use of digestive enzymes in sports nutrition is projected to grow in importance as athletes, athletes, bodybuilders, and patients consume these items as a dietary supplement. Furthermore, the expanding number of fitness facilities, gymnasiums, and health clubs, together with rising health consciousness, is expected to drive expansion.

In 2021, the North America region dominated the industry, accounting for more than 37.50% of worldwide revenue. This is due to the presence of different end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceuticals industries, as well as the region's major countries' considerable scope for R&D operations. Because of rising meat output, particularly in China, the Asia Pacific region is expected to increase at the highest CAGR from 2022 to 2028. Protease and carbohydrase demand is increasing dramatically across the country due to increased demand from the pharmaceutical and food and beverage industries.

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Enzymes Market Size, Share, Growth Analysis, By Source (Microorganism, Plant), By Type (Carbohydrases, Proteases), By Reaction Type (Hydrolases, Oxidoreductases), By Product Type & Application (Industrial Enzymes, Specialty Enzymes), By Region -Industry Forecast 2024-2031.

Enzymes Market Competitive Landscape

Enzymes Market Report Snapshots

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What is the global market size of Enzymes Market?

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