Enzymes Market Set for Substantial Expansion by 2030
Enzymes Industry | Forecast 2030 The economic value generated by the enzymes industry was estimated at approximately USD 12.28 billion in 2022. This economic output is an amalgamation of basic enzyme categories namely, industrial enzymes and specialty enzymes. The global market is anticipated to expand at a notable CAGR over the forecast period due to the growing demand for specialty enzymes in several applications including research, pharmaceutical, diagnostics, and biotechnology. Industrial enzymes are expected to witness significant growth due to their increasing demand from animal feed and nutraceutical industries. Rising consumer awareness about health has resulted in the growing consumption of functional food products, which is expected to trigger product demand in the coming years. Access the Global Enzymes Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive bench...