The Global Industrial Enzymes Market was $6.06 Bn in 2020, and it is expected to reach $13.50 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 8.3% between 2020-2030. Industrial enzymes are used for fruit drinks, bread, alcohol, and cheese. These enzymes are the complex proteins that help to speed up the biochemical reactions. It is applied mostly in the food and beverage industry and cleaning agents. Increasing demand for the consumption of the procced food and package food and bio-fuel boost the growth of the global industrial enzymes market.
Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, moving forward, the robust demand for the Global Industrial Enzymes Market in the industrial enzymes department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Global Industrial Enzymes Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Industrial Enzymes market is segmented as type, source, application, and form. By type, the global industrial enzymes market is divided as Carbohydrase, Amylases, Cellulases, Other Carbohydrase, Proteases, Lipases, Polymerases & Nucleases, and Other Types. By source, the industrial enzymes market is bifurcated into Microorganism, Plant, and Animal. By application, the global industrial enzymes market is segmented as Food & Beverages, Bioethanol, Detergents, Textiles & Leather, Paper & pulp, Wastewater treatment, Feed, and Other Applications. By form, the industrial enzymes market is divided as Liquid and Dry.
By Region, North America is Holding the Major Market Share
Global Industrial Enzymes Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. Technological advancement has made enzymes for a wide range of applications in this region. North America is projected to the largest market due to superior performing products, development of novel, and global industrialization. Apart from North America, other regions such as Asia pacific or Europe are expected to increase the growth of the market in the forecast period of 2020-2030.
Major Players in Global Industrial Enzymes Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Supplies (UK), Creative Enzymes (US), and Enzyme Solutions (US), among others.
Global Industrial Enzymes Market Has Been Segmented into:
Global Industrial Enzymes Market: By Type
Global Industrial Enzymes Market: By Source
Global Industrial Enzymes Market: By Application
Global Industrial Enzymes Market: By Form
Global Industrial Enzymes Market: By Region