Enzymes Market Size To Reach 20.31 Billion By 2030 | CAGR: 4.9%Posted by tushar on January 30th, 2024 Enzymes Market Growth & Trends The global enzymes market size was estimated at USD 20.31 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. The rising consumption of products on the account of the increasing awareness regarding an individual’s health is likely to positively influence the product demand over the forecast period. Carbohydrase is bifurcated as cellulose, amylase, pectinase, xylanase, and lactase. It is widely used as an ingredient in the formulation of carbonated drinks. The growing usage of different kinds of carbohydrases in the animal feed and pharmaceutical industry is further projected to boost the overall industry demand in the coming years. In North America, the U.S. is dominating the market for enzymes across the region on the account of the changing consumer preferences and rising demand for organic and nutritional food items from the food & beverage industry. Furthermore, the escalating market growth from the pharmaceutical and nutraceutical industry is anticipated to fuel the industry growth over the forecast period. The market is an oligopolistic market with major players dominating the marketspace such as DSM, Novozymes, and DuPont Danisco among others. There is a significant rise in the demand for high-quality specialty enzymes across the globe. Thus, raw material distributors and manufacturers are witnessing a spike in lucrative opportunities to offer uniform and superior quality products via a systematic supply chain network. Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/enzymes-industry Enzymes Market Report Highlights
Enzymes Market Segmentation Grand View Research has segmented the global enzymes market report based on type, product, source, and region Enzymes Type Outlook (Revenue, USD Million, 2018 - 2030)
Enzymes Product Outlook (Revenue, USD Million, 2018 - 2030)
Enzymes Source Outlook (Revenue, USD Million, 2018 - 2030)
Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Enzymes Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/enzymes-industry Like it? Share it!More by this author |