Mexico Enzymes Market Size & Outlook, 2021-2030
Mexico enzymes market, 2018-2030 (US$M)
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Mexico enzymes market highlights
- The Mexico enzymes market generated a revenue of USD 416.7 million in 2021 and is expected to reach USD 725.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.4% 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.
Enzymes market data book summary
| Market revenue in 2021 | USD 416.7 million |
| Market revenue in 2030 | USD 725.4 million |
| Growth rate | 6.4% (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 |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.6% 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 North America, U.S. enzymes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,693.9 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 55.51% in 2021. Horizon Databook has segmented the Mexico enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The enzymes market is anticipated to witness growth in Mexico owing to the increasing adoption of carbohydrase as a key ingredient in food & beverage and animal feed industries. The rising requirement for digestible enzymes to enhance the nutritional content of the feed is likely to emerge as one of the key factors driving the demand for carbohydrase in Mexico.
The food & beverage application segment accounted for the highest demand for industrial enzymes in Mexico as yeast-based enzymes, such as beta-glucosidase, beta-xylosidase, and beta-cello biocides, are some of the major enzymes used in the fermentation and distillation of alcoholic beverages.
However, the diagnostics segment is anticipated to offer lucrative growth opportunities for specialty enzymes owing to demand from clinical diagnostic market coupled with rising health-related expenditures in Mexico.
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Target buyers of Mexico 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 Mexico enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Mexico enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico enzymes market size, by type, 2018-2030 (US$M)
Mexico Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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