Industrial Enzymes Market Projected To Raise At USD 11.42 Billion By 2030


 San Francisco, 2 Sep 2024: The Report Industrial Enzymes Market Size, Share & Trends Analysis Report By Product (Carbohydrase, Proteases), By Source (Plants, Animals, Microorganisms), By Application (Food & Beverages, Detergents, Animal Feed), By Region, And Segment Forecasts, 2024 - 2030

The global industrial enzymes market size is expected to reach USD 11.42 billion by 2030, expanding at 6.4% CAGR from 2024 to 2030, as per a new report by Grand View Research, Inc.  This is due to the growing demand for industrial enzymes in several applications such as animal feed, food & beverage, and nutraceutical. Increasing consumer awareness about health has resulted in the growing use of functional food products, which is expected to trigger product demand in the coming years.

Microorganisms are rapidly becoming a key source of enzymes, owing to their low production costs and easy availability of raw materials. End-use industries rely heavily on enzymes derived from microorganisms as they can be used to make a wide range of products. This, in turn, is anticipated to positively impact the demand for the industrial enzymes industry.

The demand is projected to be positively impacted over the forecast period by the rising consumption of functional food products due to the growing awareness of a person's health. Cellulose and amylase are the two subtypes of carbohydrate. It is frequently utilized as a component in the creation of carbonated beverages. Increased use of various types of carbohydrase in the pharmaceutical and animal feed industries would further increase demand for industrial enzymes in the coming years.

The COVID-19 pandemic had a positive impact on various end-use industries around the world, causing a supply-demand gap. The demand for the product in biofuel and textiles was moderately impacted by a demand-supply gap combined with the global lockdown of the automotive industry. However, the market experienced positive demand during the pandemic due to the increased adoption of enzymes in various industries such as animal feed, food, and cleaning products.

Access Research Report of Industrial Enzymes Market @ https://www.grandviewresearch.com/industry-analysis/industrial-enzymes-market

Industrial Enzymes Market Report Highlights

  • The food and beverage segment dominated the market with the highest revenue share of 21.05% in 2023
  • The carbohydrase segment dominated the market with the highest revenue share of 48.34% in 2023
  • The food and beverage segment dominated the market with the highest revenue share of 21.05% in 2023
  • North America dominated the market with the highest revenue share of 37.65% in 2023
  • 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

Industrial Enzymes Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 7.53 billion

Revenue forecast in 2030

USD 11.42 billion

Growth rate

CAGR of 6.4% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Industrial Enzymes Market

  • BASF SE
  • Novozymes
  • DuPont Danisco
  • DSM
  • NOVUS INTERNATIONAL
  • Associated British Foods Plc
  • Hansen Holding A/S
  • Advanced Enzyme Technologies
  • Lesaffre
  • Adisseo
  • BioProcess Algae, LLC
  • Koninklijke DSM N.V.

Access Press Release of Industrial Enzymes Market @ https://www.grandviewresearch.com/press-release/global-industrial-enzymes-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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