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 microorgani