PUBLISHER: BCC Research | PRODUCT CODE: 1688857
PUBLISHER: BCC Research | PRODUCT CODE: 1688857
The global market for enzymes in industrial applications is estimated to increase from $7.9 billion in 2024 to reach $10.8 billion by 2029, at a compound annual growth rate (CAGR) of 6.5% from 2024 through 2029.
The North American market for enzymes in industrial applications is estimated to increase from $2.9 billion in 2024 to reach $3.7 billion by 2029, at a CAGR of 5.2% from 2024 through 2029.
The Asia-Pacific market for enzymes in industrial applications is estimated to increase from $2.4 billion in 2024 to reach $3.4 billion by 2029, at a CAGR of 7.5% from 2024 through 2029.
This report highlights industrial enzymes' current and future market potential across different industries. It provides a detailed analysis of the drivers, restraints, opportunities, and regulatory scenarios in the market. This report also covers market projections through 2029 and presents a competitive environment and product analysis.
The report provides market estimates and forecasts based on application, source, and region. By application, the market is segmented into food, technical, animal feed, biofuel enzymes, and other enzymes. Based on source, the report provides analysis of microbial, plant, and animal-derived enzymes.
By geographical region, the market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American region includes the U.S., Canada, and Mexico. Europe includes Germany, the U.K., Italy, France, Spain, and the Rest of Europe. Asia-Pacific includes China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific. For market estimates, data have been provided for 2021 and 2022 as the historic years, and 2023 as the base year, with forecasts for 2029.