The global enzyme market is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2034. By 2034, the market size is expected to reach USD 27.58 billion, up from a projected USD 11.73 billion in 2024, showcasing steady and robust expansion.
Enzymes, as essential biocatalysts, play a pivotal role in accelerating biochemical reactions across various industrial applications. Their adaptability and efficiency are evident in sectors like chemical engineering, food technology, and agriculture. With continuous advancements in enzyme technology, these biocatalysts are increasingly recognized for their potential to reduce costs, enhance substrate quality, and streamline production processes.
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Market Segments:
By Source:
Plants
Animals
Microorganisms
By Product
Carbohydrase's
Proteases
Lipases
Polymerases & Nucleases
Others
By Form:
Liquid Enzymes
Powder Enzymes
Granular Enzymes
By Application:
Food and Beverages
Detergents
Pharmaceuticals
Biofuels
Textiles
Animal Feed
Pulp & Paper
Nutraceuticals
Personal Care & Cosmetics
Wastewater Treatment
Key Market Players
The enzymes market is primarily dominated by several major companies, including:
Novozymes A/S
Danisco (DuPont)
BASF SE
DSM
Amano Enzyme Inc.
Merck KGaA
AB Enzymes GmbH
Roche Holding AG
Codexis, Inc.
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