Asia Pacific Enzymes Market Size & Outlook, 2021-2030
Asia Pacific enzymes market, 2018-2030 (US$M)
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Asia Pacific enzymes market highlights
- The Asia Pacific enzymes market generated a revenue of USD 2,395.9 million in 2021.
- The market is expected to grow at a CAGR of 7.6% 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.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 2,395.9 million |
| Market revenue in 2030 | USD 4,646.8 million |
| Growth rate | 7.6% (CAGR from 2021 to 2030) |
| Largest segment | Industrial enzymes |
| Fastest growing segment | Specialty Enzymes |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Asia Pacific region accounted for 20.9% of the global enzymes market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,646.8 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 58.4% in 2021. Horizon Databook has segmented the Asia Pacific enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to be a prominent market for enzymes over the forecast period on account of growing meat production, particularly in China. According to the Food and Agriculture Organization of the United Nations, meat production in China was 77.92 million tons in 2020.
Rising awareness among consumers regarding the prevalence of livestock diseases has led to the adoption of improved animal nutrition practices, which is anticipated to play a key role in driving the demand for enzymes over the coming years.
Other factors contributing to the market growth include growing detergents demand in end-use applications, expanding pharmaceutical industry in China and India, and increasing biodiesel production in Malaysia and Indonesia.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific enzymes market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific enzymes market size, by country, 2018-2030 (US$M)
Asia Pacific Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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