Enzymes Market to Double, Reaching $10.2 Billion by 2031 with a 6% CAGR
Allied Market Research has recently published its latest research study titled ‘Global Enzymes Market Outlook and Forecast 2021-2031.’ This comprehensive report conducts a thorough analysis of market risks, identifies promising opportunities, and offers valuable insights to support strategic and tactical decision-making from 2021 to 2031. The study divides the market into key regions that are driving its growth.
Within the report, you’ll find information on market research and development, factors contributing to growth, and the evolving investment landscape of the Global Enzymes Market . Notable players featured in the study include F. HOFFMANN-LA ROCHE LTD., BASF SE, Advanced Enzyme Technologies Ltd, DUPONT DE NEMOURS, INC., Codexis, Inc.,
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Enzymes Market Statistics: The global enzymes market was valued at $5.8 billion in 2021, and is projected to reach $10.2 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.
Enzymes Market Growth Drivers:
- Rising Demand in the Food and Beverage Industry: Enzymes are widely used in the food and beverage industry to enhance product quality, shelf life, and production efficiency. Their applications in baking, dairy, brewing, and meat processing are expanding, driven by the growing consumer preference for natural and clean-label products.
- Advancements in Biotechnology: Technological advancements in biotechnology have led to the development of more efficient and specific enzymes. Innovations such as enzyme engineering and directed evolution are creating enzymes with improved stability, activity, and specificity, thereby broadening their industrial applications.
- Growing Adoption in Pharmaceuticals: Enzymes are increasingly used in the pharmaceutical industry for drug formulation, disease diagnosis, and as therapeutic agents. The rising incidence of chronic diseases and the need for effective biocatalysts in drug development are boosting the demand for enzymes in this sector.
- Increasing Use in Biofuels Production: The shift towards sustainable and renewable energy sources is driving the demand for enzymes in biofuels production. Enzymes such as cellulases and amylases play a critical role in the conversion of biomass into biofuels, supporting the growth of the biofuels market.
- Environmental Regulations and Sustainability: Stringent environmental regulations and the growing focus on sustainability are promoting the use of enzymes in various industries. Enzymes offer eco-friendly solutions for waste management, pollution control, and green chemistry, reducing the environmental impact of industrial processes.
- Expanding Applications in the Detergent Industry: Enzymes are key ingredients in modern detergents, providing superior cleaning performance while being environmentally friendly. The increasing demand for enzyme-based detergents, driven by consumer awareness and regulatory pressures, is contributing to market growth.
- Rising Health and Wellness Trends: The growing health and wellness trends are driving the demand for enzymes in dietary supplements and functional foods. Enzymes such as proteases, lipases, and amylases are used to enhance digestion, improve nutrient absorption, and support overall health.
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The segments and sub-section of Enzymes Markets shown below:
By Source:
- Microorganisms
- Plants
- Animals
By Reaction Type:
- Hydrolase
- Oxidoreductase
- Transferase
- Lyase
- Other Reaction Types
By Application:
- Food and Beverages
- Household Care
- Bioenergy
- Pharmaceutical and Biotechnology
- Feed
- Other Applications
By Type:
- Lipase
- Polymerase and Nuclease
- Others
- Protease
- Carbohydrase
Some of the key players involved in the Market are: F. HOFFMANN-LA ROCHE LTD., BASF SE, Advanced Enzyme Technologies Ltd, DUPONT DE NEMOURS, INC., Codexis, Inc., AB ENZYMES GmbH, AMANO ENZYME INC., THERMO FISHER SCIENTIFIC INC. (AFFYMETRIX, INC.), Koninklijke DSM N.V., NOVOZYMES A/S
If opting for the Global version of Enzymes Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes Enzymes Market feasible for long term investment?
2) How influencing factors influencing the demand of Enzyme in the next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Enzymes Market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global Enzymes Market growth?
9) Risk side analysis connected with service providers?
Introduction about Enzymes Market
Enzymes Market Size (Sales) Market Share by Type (Product Category)
Enzymes Market by Application/End Users
Enzyme (Volume) and Market Share Comparison by Applications
Global Enzyme and Growth Rate (2021-2031)
Enzyme Competition by Players/Suppliers, Region, Type, and Application
Enzyme (Volume, Value, and Sales Price) table defined for each geographic region defined.
Enzyme Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
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