Portland, OR, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global enzymes market generated $5.8 billion in 2021, and is estimated to reach $10.2 billion by 2031, witnessing a CAGR of 6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5.8 Billion |
| Market Size in 2031 | $10.2 Billion |
| CAGR | 6% |
| No. of Pages in Report | 350 |
| Segments covered | Type, Source, Reaction Type, Application and Region |
| Drivers | High demand for enzymes in food & beverage companies for converting complex molecules to simpler molecules |
| Rise in cases of chronic diseases such as digestive diseases & inflammation, cancer and AIDS | |
| Surge in demand for enzymes in pharmaceutical industry to synthesize intermediates in active pharmaceutical ingredient (API) production for effective medications | |
| Upsurge in demand for renewable energy sources such as biofuels | |
| Opportunities | Increase in awareness about… |
