Middle East & Africa Enzymes Market Size & Outlook
Middle East & Africa enzymes market, 2018-2030 (US$M)
Related Markets
MEA enzymes market highlights
- The MEA enzymes market generated a revenue of USD 560.0 million in 2021.
- The market is expected to grow at a CAGR of 4.4% 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, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 560.0 million |
| Market revenue in 2030 | USD 822.0 million |
| Growth rate | 4.4% (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, MEA region accounted for 4.9% 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 |
|---|
Middle East & Africa 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 58.2% in 2021. Horizon Databook has segmented the Middle East & Africa enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
In the past few years, the food & beverage industry in the Middle East & Africa (MEA) has grown on the account of the increasing population and urban development, which has resulted in an increased demand for high-quality nutritional food products. The growing textile industry in the region is also expected to augment the use of enzymes in textile processing.
In MEA, pharmaceutical and cosmetic industries are anticipated to grow due to various factors such as increasing health awareness, growing demand for luxury cosmetics, and rising disposable income, which is anticipated to stimulate the demand for enzymes in above-mentioned industries.
However, low awareness regarding feed quality and high inclination toward socio-cultural religious beliefs is expected to restrict the demand for enzymes in animal feed and food industries.
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Target buyers of Middle East & Africa 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 Middle East & Africa enzymes market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA enzymes market size, by country, 2018-2030 (US$M)
Middle East & Africa Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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