Latin America Enzymes Market Size & Outlook, 2021-2030
Latin America enzymes market, 2018-2030 (US$M)
Related Markets
Latin America enzymes market highlights
- The Latin America enzymes market generated a revenue of USD 907.7 million in 2021.
- The market is expected to grow at a CAGR of 5.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 907.7 million |
| Market revenue in 2030 | USD 1,463.8 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Industrial enzymes |
| Fastest growing segment | Specialty Enzymes |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 7.9% of the global enzymes market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,646.8 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 57.17% in 2021. Horizon Databook has segmented the Latin America enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America enzymes market is expected to witness significant growth due to the rising demand for enzymes in food & beverage, animal feed, textile, paper & pulp, personal care, pharmaceutical, and diagnostics.
The region is anticipated to witness a high product demand on account of industrial growth along with urbanization in countries such as Brazil, Columbia, and Argentina. Expanding textile and food & beverage industries are likely to facilitate market expansion on account of the growing population and rising income levels in emerging countries including Brazil and Columbia.
Increasing foreign direct investment has augmented the number of automotive manufacturing companies in Brazil, which is expected to spur enzyme demand in wastewater treatment applications over the coming years.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America enzymes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America enzymes market size, by country, 2018-2030 (US$M)
Latin America Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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