PUBLISHER: Grand View Research | PRODUCT CODE: 1114080
PUBLISHER: Grand View Research | PRODUCT CODE: 1114080
The global enzymes market size is expected to reach USD 20.31 billion by 2030, registering a CAGR of 6.5% during the forecast years, according to a new study by Grand View Research, Inc. The rising consumption of functional food products on account of the increasing awareness regarding an individual's health is likely to positively influence the demand over the forecast period.Carbohydrase is bifurcated as cellulose, amylase, pectinase, xylanase, and lactase. It is widely used as an ingredient in the formulation of carbonated drinks. The growing usage of different kinds of carbohydrases in the animal feed and pharmaceutical industries is further projected to boost the overall demand in the coming years.
In North America, the U.S. is dominating the regional market on account of the changing consumer preferences and rising demand for organic and nutritional food items from the food & beverage industry. Furthermore, risingdemand from the pharmaceutical and nutraceutical industries is anticipated to fuel the region's growth over the forecast period. The industry is oligopolistic with major players, such as DSM, Novozymes, and DuPont Danisco, dominating it. There is a significant rise in the demand for high-quality specialty enzymes across the globe. Thus, raw material distributors and manufacturers are witnessing a spike in growth opportunities to offer uniform and superior-quality products via a systematic supply chain network.