Italy Enzymes Market Size & Outlook, 2021-2030
Italy enzymes market, 2018-2030 (US$M)
Related Markets
Italy enzymes market highlights
- The Italy enzymes market generated a revenue of USD 358.6 million in 2021 and is expected to reach USD 604.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 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 358.6 million |
| Market revenue in 2030 | USD 604.1 million |
| Growth rate | 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, Italy accounted for 3.1% 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 Europe, Germany enzymes market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 751.1 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 56.41% in 2021. Horizon Databook has segmented the Italy enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
In Italy, enzymes are prominently used in the food & beverage industry for several applications such as dairy products, bakery items, oils, fats, and meat products among others. It is one of the prominent markets for bakery products and significantly contributes to enzyme demand.
In addition, the rising utilization of enzymes to enhance dough stability and increase the shelf life of bakery products is anticipated to fuel market growth. Furthermore, ascending utilization of food enzymes in processing cheese is expected to trigger the demand for enzymes in the dairy sector.
Along with ascending demand from the food & beverage sector, enzymes are widely used in textiles, wastewater treatment, pharmaceuticals, and R&D activities in the country.
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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 Italy enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Italy enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy enzymes market size, by type, 2018-2030 (US$M)
Italy Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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