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Enzymes Market size was valued at USD 11.47 billion in 2019 and is poised to grow from USD 12.28 billion in 2023 to USD 20.31 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

Key players in the enzymes market are focusing on expanding their footprint through business expansions, product launch, high R&D investments, mergers and acquisitions, partnerships, joint ventures, and partnerships. 'Novozymes', 'DSM', 'BASF SE', 'DowDuPont Inc.', 'Chr. Hansen Holding A/S', 'Kerry Group plc', 'Roche Holding AG', 'Amano Enzyme Inc.', 'Advanced Enzyme Technologies Ltd.', 'AB Enzymes GmbH', 'Enzyme Development Corporation', 'Specialty Enzymes & Biotechnologies Co.', 'Biovet Private Limited', 'Biocatalysts Ltd.', 'Creative Enzymes', 'Dyadic International Inc.', 'Lumis Biotech Pvt. Ltd.', 'Megazyme International Ireland Ltd.', 'Nagase America LLC', 'Nutriteck Inc.'

The rising prevalence of chronic diseases will drive market growth

The use of digestive enzymes in sports nutrition is projected to grow in importance as athletes, athletes, bodybuilders, and patients consume these items as a dietary supplement. Furthermore, the expanding number of fitness facilities, gymnasiums, and health clubs, together with rising health consciousness, is expected to drive expansion.

In 2021, the North America region dominated the industry, accounting for more than 37.50% of worldwide revenue. This is due to the presence of different end-use firms in the food and beverage, laundry detergent, personal care & cosmetics, and pharmaceuticals industries, as well as the region's major countries' considerable scope for R&D operations. Because of rising meat output, particularly in China, the Asia Pacific region is expected to increase at the highest CAGR from 2022 to 2028. Protease and carbohydrase demand is increasing dramatically across the country due to increased demand from the pharmaceutical and food and beverage industries.

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Global Enzymes Market

Product ID: SQSG30I2034

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