China Enzymes Market Size & Outlook, 2021-2030
China enzymes market, 2018-2030 (US$M)
Related Markets
China enzymes market highlights
- The China enzymes market generated a revenue of USD 604.3 million in 2021 and is expected to reach USD 1,180.8 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% 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 604.3 million |
| Market revenue in 2030 | USD 1,180.8 million |
| Growth rate | 7.7% (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, China accounted for 5.3% 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 |
|---|
China 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 59.19% in 2021. Horizon Databook has segmented the China enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for carbohydrase and protease is growing significantly across China on account of rising demand from pharmaceutical and food & beverage industries. Polymerase and nuclease products are also anticipated to witness lucrative growth over the forecast period.
This can be attributed to the significant use of these enzymes in molecular biology applications, such as recombinant DNA and polymerase chain reactions. Enzymes are widely used in industrial applications due to their increasing use in key application sectors including food & beverage, nutraceutical, and animal feed.
Factors such as a broad consumer base and rapid industrialization of the food & beverage sector are considered to be key drivers for the industrial enzymes market. Nutraceutical and wastewater are other growing application sectors of industrial enzymes in the country.
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Target buyers of China 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 China enzymes market , including forecasts for subscribers. This country databook contains high-level insights into China enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China enzymes market size, by type, 2018-2030 (US$M)
China Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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