Market revenue in 2021 | USD 282.5 million |
Market revenue in 2030 | USD 535.3 million |
Growth rate | 7.4% (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 |
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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 59.01% in 2021. Horizon Databook has segmented the Indonesia enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The enzymes market in Indonesia is anticipated to grow at a faster pace due to the rapidly expanding pharmaceutical and food & beverage sectors. According to the Indonesian National Agency for Drug and Food Control (NADFC), food products derived from organic sources used in animal feed, water, processed food or beverages, and processing of drinks, are regulated in the country for human consumption.
The application of certain enzymes as an immobilization agent and a processing aid is not yet regulated in the food processing industry of Indonesia. The economic development in Indonesia is promoting urbanization, which is leading to the growth of food & beverage, textile, and pharmaceutical sectors and, in turn, boosting the enzymes market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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