Industrial Enzymes Market Size, Share, Growth Analysis, By Product(Carbohydrase, Lipase, Protease, Polymerases & Nucleases), By Application(Food & Beverages, Detergents, Animal Feed, Biofuels), By Source(Plants, Animals and Microorganisms), By Formulation(Lyophilized Powder, Liquid, and Dry), By Region - Industry Forecast 2024-2031

Industrial Enzymes Market size was valued at USD 6.9 Billion in 2022 and is poised to grow from USD 7.35 Billion in 2023 to USD 12.16 Billion by 2031, growing at a CAGR of 6.6 % in the forecast period (2024-2031).

The growing consumption of baker products and fruit juices is fueling the demand for enzymes. This factor is immensely contributing to industrial enzymes market growth. Enzymes are primarily utilized in the food & beverage sectors for increasing the quality of the food and their shelf-life span. Enzymes are also used in brewing and baking processes along with in dairy, starch, and sugar products that people consume in their everyday life that too in large quantities. This solution is utilized in baking to provide the flour or dough with some qualities. It can help in minimizing protein content of flour in biscuits and crackers, while using it in bread improves or standardizes their quality. Enzymes are extensively utilized in the food & beverage sectors as it is a basic requirement, due to which the demand for this product is increasing rapidly.  Furthermore, the growing population is another factor that is helping the progression of the market because it is increasing the demand for dairy products that need ends.

US Industrial Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.