Enzymes Market Trends, Growth Drivers, Opportunities, and Leading players
The enzymes market size is expected to grow from USD 14.0 billion in 2024 to USD 20.4 billion by 2029, reflecting a CAGR of 7.8% during this period. This growth is driven by increasing global demand for enzymes across various industries. In the food and beverage sector, enzymes improve product quality and consistency, while in biofuels, they promote more efficient and sustainable production methods....
Enzymes Industry to Hit $20.4 billion by 2029
The global enzymes market size is estimated to be valued at USD 14.0 billion in 2024 and is projected to reach USD 20.4 billion by 2029, recording a CAGR of 7.8%. The biopharmaceutical industry’s rapid growth, driven by advancements in biotechnology and personalized medicine, presents significant opportunities for the enzyme market. Enzymes are indispensable in biopharmaceutical manufacturing...
Enzymes Industry Projected to Reach $20.4 Billion by 2029
The global enzymes market size is estimated to be valued at USD 14.0 billion in 2024 and is projected to reach USD 20.4 billion by 2029, recording a CAGR of 7.8%. The growth of the enzymes market is fueled by key factors such as a notable surge in demand for processed foods, driven by changing consumer lifestyles and preferences. This trend necessitates the use of enzymes to improve the quality, texture,...