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.

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.

The rising use of nuclease and polymerase enzymes in biotechnology applications is expected to drive industry expansion even further. Because of the growing population and rising income levels in emerging countries such as Brazil and Columbia, the textile and food and beverage industries are expected to drive industrial growth. The pharmaceutical and cosmetic industries in the Middle East and Africa (MEA) are expected to grow due to a variety of factors, including rising health awareness, rising disposable income, and rising demand for high-end cosmetic products, which are expected to stimulate product demand in the aforementioned industries.