Japan Enzymes Market Size & Outlook, 2021-2030
Japan enzymes market, 2018-2030 (US$M)
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Japan enzymes market highlights
- The Japan enzymes market generated a revenue of USD 393.9 million in 2021 and is expected to reach USD 804.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.3% 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 393.9 million |
| Market revenue in 2030 | USD 804.7 million |
| Growth rate | 8.3% (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, Japan accounted for 3.4% 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 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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Japan 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 56.33% in 2021. Horizon Databook has segmented the Japan enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Japan enzymes market is anticipated to witness a significant growth rate on account of the increased consumption of carbohydrase and protease in the country. Further, lipases segment is anticipated to offer lucrative growth opportunities over the forecast period due to its growing adoption in the pharmaceutical industry.
The rise of foreign investments in the country's pharmaceutical sector is estimated to provide further scope for the consumption of specialty enzymes over the forecast period. Moreover, the revival of key application industries such as dairy processing along with a well established laundry detergent market in Japan is expected to drive the demand for lipases.
Enzymes are being widely used to manufacture fermented foods such as Miso and Sake for a very long time and their demand is likely to grow in the coming years due to the growing importance of functional foods across the country.
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Target buyers of Japan 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 Japan enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Japan enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan enzymes market size, by type, 2018-2030 (US$M)
Japan Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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