Canada Enzymes Market Size & Outlook, 2021-2030
Canada enzymes market, 2018-2030 (US$M)
Related Markets
Canada enzymes market highlights
- The Canada enzymes market generated a revenue of USD 733.3 million in 2021 and is expected to reach USD 1,302.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.6% 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.
Enzymes market data book summary
| Market revenue in 2021 | USD 733.3 million |
| Market revenue in 2030 | USD 1,302.0 million |
| Growth rate | 6.6% (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, Canada accounted for 6.4% 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 North America, U.S. enzymes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,693.9 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 55.61% in 2021. Horizon Databook has segmented the Canada enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The enzymes market is projected to witness significant growth in Canada over the forecast period on account of the growing demand from the personal care industry. In addition, the presence of prominent brands including Procter & Gamble and L'Oreal among others is driving the market demand for enzymes in the country.
Protease is used as major ingredients in a wide array of industrial sectors as well as in manufacturing laundry detergents for the removal of protein and starch stains from fabrics as they enable the breakdown or synthesis of peptides and amino acid blocks.
The demand for proteases enzymes in Canada is anticipated to increase on account of high sales of industrial and personal care products in the country. Furthermore, the demand for specialty enzymes in the country is anticipated to rise at a prominent rate owing to increasing utilization in key applications including research & biotechnology and biocatalysts.
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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 Canada enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Canada enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada enzymes market size, by type, 2018-2030 (US$M)
Canada Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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