New Market Research Report Reveals Promising Growth in the Enzymes Industry 2023-2030

 Enzymes Industry Data Book | Forecast 2030

Enzymes Industry Data Book - Industrial Enzymes and Specialty Enzymes Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s enzymes industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

 

Access the Global Enzymes Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

Industrial Enzymes Market Report Highlights

The global industrial enzymes market size is expected to reach USD 11.42 billion by 2030, expanding at 6.4% CAGR from 2023 to 2030, as per a new report by Grand View Research, Inc.

  • The food and beverages segment is expected to be the fastest-growing application segment with a CAGR of 7.2 % during the forecast period. due to the rising usage of the product in bakery and functional food products
  • The Proteases segment is expected to be the fastest-growing product segment with a CAGR of 6.5% over the forecast period. This is due to the increasing awareness about declining nutrition levels among consumers that have surged global protein consumption across regions
  • Asia Pacific is anticipated to witness the fastest CAGR of 7.5% over the forecast period. The growth is majorly driven by the rising awareness among consumers regarding the prevalence of livestock diseases has led to the adoption of improved animal nutrition practices
  • Companies such as BASF SE, DuPont Danisco, Novus International., and Associated British Foods plc dominate the global market with their extensive presence throughout the value chain. The market is highly competitive with companies engaged in increasing their production capacity along with enhancing regional presence

 

Order your copy of the Free Sample of “Enzymes Industry Data Book - Industrial Enzymes and Specialty Enzymes Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, Data Book published by Grand View Research

 

Specialty Enzymes Market Report Highlights

The global healthcare specialty enzymes market is expected to expand at a CAGR of 6.6 % from 2023 to 2030.

  • Carbohydrases accounted for the highest revenue share in 2019 and are anticipated to maintain this trend from 2020 to 2027

 

  • A major contribution to the revenue generated by this segment in the market is done by amylases and cellulases, as amylases are employed in several biotechnology applications

 

  • The phosphatase/phytase product segment is set to grow at the fastest pace from 2020 to 2027

 

  • This is attributed to the rise in use of alkaline phosphatases inclusive of zinc and magnesium ions, which is favored in pharmaceutical applications along with clinical analysis

 

  • The research and biotechnology end-use segment has generated the highest revenue in 2019, accounting for a share of 64.7%

 

  • Employment of these products in a diverse range of usages pertaining to DNA modification has been observed in the research and biotechnology studies. In addition, this sector is expected to witness rapid growth with respect to the incorporation of these consumables

 

  • North America accounted for the highest share of 38.2% in 2019 and is expected to maintain this dominance through 2020 to 2027, attributed to the high penetration of novel diagnostic techniques

 

  • The Asia Pacific is expected to offer lucrative opportunities for market expansion, attributed to the rising focus on the infectious disease diagnosis

 

  • A robust network of local manufacturers has significantly contributed to the revenue generated by APAC in the market

 

Go through the table of content of Enzymes Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

 

In recent years, the market for enzymes has grown significantly due to their increasing consumption in numerous end-use applications such as food & beverages, diagnostics, paper & pulp, nutraceuticals, detergents, animal feed, pharmaceutical, research, and biotechnology. The majority of market participants have focused their research & development efforts on the development of innovative enzyme products in bulk for their use in multiple applications.

As a result, the market has witnessed several joint ventures and acquisitions. For instance, in April 2021, BASF SE decided to collaborate with Sandoz GmbH, a subsidiary of Novartis AG to invest initsKundl/Schaftenau Campus in Austria. This move will lead to an increase in the production capacity and biotechnology and enzyme product lines of BASF SE.

Companies, such as Novus International and Adisseo, have a limited product portfolio as they majorly concentrate on manufacturing enzymes for the animal feed industry. The market is anticipated to witness a high growth rate on account of the rapidly growing animal feed market and increasing consumption of enzymes in the formulation of animal feed, especially for poultry and swine. However, key market players have the challenging task of bringing down production costs and improving the quality of products.

 

Check out more Industry Data Books, published by Grand View Research

 

About Grand View Research

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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