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Enzymes Market Size

Report ID: GMI743
Published Date: Oct 2023
Report Format: PDF

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Enzymes Market Size

Enzymes Market size is anticipated to record over 6.8% CAGR from 2023-2032. The rising consumer attention to healthier food options is resulting in the higher adoption of enzymes in the production of low-sugar, low-fat, and high-protein foods. The growing need for clean label products free from artificial additives and preservatives is also driving the popularity of enzymes as natural additives to replace synthetic chemicals in food processing. Rising incorporation in the production of plant-based and alternative protein sources, including soy, pea, and mycoprotein will also contribute to the market expansion.

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Increasing biotechnology advancements leading to the development of efficient and specialized enzymes to cater to several applications of enzymes will drive the market growth. However, the dearth of standardized regulatory guidelines will hamper the industry expansion.

Enzymes Market Report Attributes
Report Attribute	Details
Base Year:	2022
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.8%
Historical Data for:	2018 to 2022
No. of Pages:	1,200
Tables, Charts & Figures:	1,916
Segments covered:	Product and Region
Growth Drivers:	Rising demand from the animal feed industry Increasing application scope in biofuels Growing advancements in biotechnology Rising intake of healthier food options Higher penetration in enzyme engineering
Pitfalls & Challenges:	Lack of standardized regulatory guidelines

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Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of enzymes is anticipated to record over 6.8% CAGR from 2023 to 2032, driven by the rising consumer attention to healthier food options.

The enzymes market from food & beverages segment is expected to witness more than 7.8% CAGR through 2032, owing to the rising intake of processed food products on account of increasing urban lifestyles worldwide.

Asia Pacific enzymes market size is expected to record around 7.3% growth rate from 2023 to 2032, owing to the rapid rate of urbanization and changing dietary habits.

BASF, Roche Holding, Chr. Hansen Holding A/S, Ab Enzymes, Amano Enzymes, Royal DSM, Kerry Group, Codexis, Novozymes, Sanofi and Danisco are some of the prominent participants operating in the global market.