Argentina Enzymes Market Size & Outlook, 2021-2030
Argentina enzymes market, 2018-2030 (US$M)
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Argentina enzymes market highlights
- The Argentina enzymes market generated a revenue of USD 164.4 million in 2021 and is expected to reach USD 266.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.5% from 2022 to 2030.
- In terms of segment, industrial enzymes was the largest revenue generating type in 2021.
- Specialty Enzymes is the most lucrative type segment registering the fastest growth during the forecast period.
Enzymes market data book summary
| Market revenue in 2021 | USD 164.4 million |
| Market revenue in 2030 | USD 266.4 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Industrial enzymes |
| Fastest growing segment | Specialty Enzymes |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial Enzymes, Specialty Enzymes |
| Key market players worldwide | BASF, Novonesis AS ADR, DuPont de Nemours Inc, DSM, Novus Holdings Ltd, Associated British Foods PLC, Advanced Enzymes, Bluestar Adisseo Co., Chr. Hansen, Lesaffre |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global enzymes market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil enzymes market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 429.9 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina enzymes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enzymes market will help companies and investors design strategic landscapes.
Industrial enzymes was the largest segment with a revenue share of 57.85% in 2021. Horizon Databook has segmented the Argentina enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
In Argentina, enzymes are mainly used in the food & beverage, textile, and wastewater treatment industries. Burgeoning biodiesel production in Argentina, due to the rapidly growing demand for cleaner fuel, is expected to drive the demand for enzymes over the forecast period.
Favorable regulatory support in Argentina is anticipated to boost manufacturing sector output, which is expected to further promote the growth of the food & beverage industry at a domestic level.
Population growth, rising urbanization, and increasing disposable income in Argentina are anticipated to augment the demand for dietary supplements which is further anticipated to drive the growth of the nutrition industry. This, in turn, is expected to fuel the demand for food thickeners, emulsifiers, and stabilizers over the forecast period.
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Target buyers of Argentina enzymes market databook
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Our clientele includes a mix of enzymes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Argentina enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina enzymes market size, by type, 2018-2030 (US$M)
Argentina Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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