Straits Research Projects the Enzymes Market to Reach USD 17,709 Million by 2030
Straits Research, a renowned market research firm, has unveiled its latest insights into the global enzymes market. The market, valued at USD 9,796 million in 2021, is expected to grow significantly, reaching USD 17,709 million by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 6.8% during the forecast period of 2022–2030.
What Are Enzymes?
Enzymes are biocatalysts that accelerate chemical reactions, playing a vital role across various industries, including food & beverages, household care, bioenergy, and more. These naturally occurring proteins are derived from microorganisms, plants, and animals, each contributing uniquely to diverse applications.
Market Dynamics
Key Trends
Increasing adoption of enzyme-based solutions in sustainable and eco-friendly applications.
Rising demand for biofuel production driven by global sustainability goals.
Market Drivers
Advancements in biotechnology enabling large-scale production of enzymes.
Growing demand for enzymes in the food & beverage industry for process optimization.
Market Opportunities
Expansion of the pharmaceutical sector’s reliance on enzyme-based therapies.
Rising awareness about green chemistry driving enzyme utilization in industrial processes.
Market Segmentation
By Source
Microorganisms
Plants
Animals
By Application
Food & Beverages
Household Care
Bioenergy
Access Detailed Segmentation @ https://straitsresearch.com/report/enzymes-market/segmentation
Regional Insights
North America dominated the global enzymes market in 2021, owing to technological advancements and increased adoption across industries. Meanwhile, Europe is poised to be the fastest-growing region, driven by stringent environmental regulations and initiatives supporting renewable energy and sustainable industrial processes.
Key Market Players
The global enzymes market features a competitive landscape with several prominent players, including:
AB Enzymes GmbH
Advanced Enzyme Technologies Ltd.
Amano Enzyme Inc.
Codexis Inc.
Dupont De Nemours Inc.
F. Hoffman-La Roche Ltd.
Koninklijke DSM NV
Novozymes A/S
Thermo Fisher Scientific Inc.
Industry Outlook
The global enzymes market is witnessing robust growth propelled by innovations and an increasing focus on sustainability. Enzymes continue to be integral in diverse industries, with breakthroughs in biotechnology further enhancing their efficacy and applications.
Learn More
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