NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The enzymes market is set to grow by USD 2.74 billion from 2021 to 2026, at a CAGR of 5.36% according to the latest research report from Technavio. 32% of the market's growth will originate from North America. The US and Canada are the key markets for enzymes in the region. The increasing prevalence of chronic ailments will facilitate the enzymes market growth in North America over the forecast period.
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The enzymes market covers the following areas:
The enzymes market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by wide applications of enzymes across industries. However, the factors such as lack of standard regulatory scenario coupled with the high prices of raw materials and products may impede the market growth.
The Enzymes Market is segmented by Application (FB, Household, Bioenergy, Feed, and Others) and Geography (North America, Europe, APAC, South America, and MEA). The enzymes market share growth by the FB segment has been significant for revenue generation. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The enzymes market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Advanced Enzyme Technologies Ltd.
- Amano Enzyme Inc.
- Associated British Foods Plc
- BASF SE
- Codexis Inc.
- DuPont de Nemours Inc.
- F. Hoffmann-La Roche Ltd.
- Koninklijke DSM NV
- Lonza Group Ltd.
- Novo Holdings AS
Industrial Enzymes Market -The industrial enzymes market has the potential to grow by USD 1.94 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 5.81%. Download a free sample now!
Green and Bio-Solvents Market -The green and bio-solvents market has the potential to grow by USD 3.17 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.63%. Download a free sample now!
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Enzymes Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.36%
Market growth 2022-2026
USD 2.74 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 32%
Key consumer countries
US, China, Germany, Canada, and Brazil
Leading companies, competitive strategies, consumer engagement scope
Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Associated British Foods Plc, BASF SE, Codexis Inc., DuPont de Nemours Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Lonza Group Ltd., and Novo Holdings AS
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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