Global Technical Enzymes Market to Reach $1.7 Billion by 2030
The global market for Technical Enzymes estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030. Amylases, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$564.8 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Proteases segment is readjusted to a revised 4.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $323.4 Million, While China is Forecast to Grow at 6.7% CAGR
The Technical Enzymes market in the U.S. is estimated at US$323.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$344.6 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.Select Competitors (Total 47 Featured) -
- Advanced Enzyme Technologies Ltd.
- Associated British Foods PLC
- BASF SE
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dyadic International, Inc.
- Epygen Labs Fz LLC
- Koninklijke DSM NV
- Maps Enzymes Ltd.
- Megazyme
- Novozymes A/S
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Enzyme Technologies Ltd.
- Associated British Foods PLC
- BASF SE
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dyadic International, Inc.
- Epygen Labs Fz LLC
- Koninklijke DSM NV
- Maps Enzymes Ltd.
- Megazyme
- Novozymes A/S
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 326 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.2 Billion |
Forecasted Market Value ( USD | $ 1.7 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |