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Enzymes Market Set for Exponential Growth, Predicted to Surpass USD 10.2 Billion by 2031

Enzymes market was valued at $5.8 billion in 2021, and is projected to reach $10.2 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.
Published 27 June 2023

Enzymes are biocatalysts, which alter the rate of various biochemical reactions. In the current scenario, enzymes serve as useful biocatalysts for several industrial processes and chemical reactions. Moreover, they play an important role in chemical engineering, food technology, and agriculture. The utilization of enzymes minimizes the cost, reduces the time of manufacturing process, and provides better substrate quality for reaction. Thus, they are widely used in detergents industry to facilitate the removal of stains from clothes. In addition, they are employed in the food & beverages industry in wide range of processes such as baking and brewing. In the pharmaceutical industry, enzymes are used for drug formulation. Moreover, enzyme-based drugs are used for the treatment of chronic conditions such as cancer and AIDS. In addition, enzymes are widely utilized in the biotechnology industry for research in the field of molecular biology. They are used in genetic engineering techniques to cut, replicate, and attach the DNA strands as per requirement. Furthermore, enzymes play a major role in the diagnosis of diseases such as cancer, cardiovascular diseases, and lysosomal disorder.

Enzymes market size was valued at $5.8 billion in 2021, and is estimated to reach $10.2 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.

๐๐ฎ๐ฒ ๐๐จ๐ฐ https://www.alliedmarketresearch.com/checkout-final/7d37029a2897e8f73d8e2abbe8aeb312

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :

Novozymes A/S, Koninklijke DSM N.V., DuPont de Nemours, Inc., BASF SE, Advanced Enzyme Technologies Ltd., AB Enzymes GmbH, Codexis, Inc., Amano Enzyme, Inc., F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc.ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย 

The enzymes market can be segmented based on various factors. Here are some common segmentation criteria used in the enzymes market:

  1. Type of Enzyme:
  • Amylases
  • Proteases
  • Lipases
  • Cellulases
  • Lactases
  • Phytases
  • Others
  1. Source:
  • Microbial Enzymes
  • Animal Enzymes
  • Plant Enzymes
  1. Application:
  • Food and Beverage
  • Animal Feed
  • Biofuel Production
  • Detergents and Cleaning Agents
  • Pharmaceutical and Biotechnology
  • Paper and Pulp
  • Textile
  • Others
  1. Formulation:
  • Liquid Enzymes
  • Powder Enzymes
  • Granular Enzymes
  1. Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
  1. End User:
  • Food Manufacturers
  • Animal Feed Producers
  • Biofuel Producers
  • Detergent Manufacturers
  • Pharmaceutical Companies
  • Textile Manufacturers
  • Others

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญย https://www.alliedmarketresearch.com/request-sample/708

๐Ž๐ฎ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฏ๐ข๐๐ž๐ฌ ๐˜๐จ๐ฎ ๐€๐ง๐ฌ๐ฐ๐ž๐ซ ๐ญ๐จ ๐๐ž๐ฅ๐จ๐ฐ ๐Œ๐ž๐ง๐ญ๐ข๐จ๐ง๐ž๐ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง:

โ€ข Which are the driving factors responsible for the growth of market?

โ€ข Which are the roadblock factors of this market?

โ€ข What are the new opportunities, by which market will grow in coming years?

โ€ข What are the trends of this market?

โ€ข Which are main factors responsible for new product launch?

โ€ข How big is the global & regional market in terms of revenue, sales and production?

โ€ข How far will the market grow in forecast period in terms of revenue, sales and production?

โ€ข Which region is dominating the global market and what are the market shares of each region in the overall market in 2023?

โ€ข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?

โ€ข Which region has more opportunities?

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