Australia Enzymes Market Size & Outlook, 2021-2030
Australia enzymes market, 2018-2030 (US$M)
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Australia enzymes market highlights
- The Australia enzymes market generated a revenue of USD 256.1 million in 2021 and is expected to reach USD 476.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.1% 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 256.1 million |
| Market revenue in 2030 | USD 476.1 million |
| Growth rate | 7.1% (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, Australia accounted for 2.2% 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 Asia Pacific, China enzymes market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 804.7 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 58.45% in 2021. Horizon Databook has segmented the Australia enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is a prominent producer of red meat and livestock globally. Increasing demand for animal feed and processed meat & food products is anticipated to drive the enzymes market in the country. The enzymes market in Australia is competitive due to the presence of key manufacturers such as DSM, Novozymes, DuPont, Danisco A/S, Kerry Group, and AB Enzyme.
The growing demand from the processed food sector for enzymes is attributed to various factors such as increased dependency on gluten-free food items, rising preference for convenience products and increased purchasing power of consumers.
Furthermore, the manufacturers in the country are extensively using carbohydrase to manufacture healthier foods and improve the value of food processing byproducts. This is likely to positively impact the market growth of enzymes across the country over the forecast period.
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Target buyers of Australia 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 country-level data and insights on the Australia enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Australia enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia enzymes market size, by type, 2018-2030 (US$M)
Australia Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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