Saudi Arabia Enzymes Market Size & Outlook, 2021-2030
Saudi Arabia enzymes market, 2018-2030 (US$M)
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Saudi Arabia enzymes market highlights
- The Saudi Arabia enzymes market generated a revenue of USD 63.4 million in 2021 and is expected to reach USD 96.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.7% 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 63.4 million |
| Market revenue in 2030 | USD 96.0 million |
| Growth rate | 4.7% (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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Turkey enzymes market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 96.0 million by 2030.
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Enzymes Market Scope
Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 59.94% in 2021. Horizon Databook has segmented the Saudi Arabia enzymes market based on industrial enzymes, specialty enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia enzymes market, the industrial enzymes segment is expected to grow due to increasing demand from food & beverage sectors for applications such as imparting texture, enhancing flavor, and reducing the use of synthetic chemicals.
The enzymes market in Saudi Arabia is expected to witness significant growth due to the growing preference for processed dairy products including yogurt, curd, and cheese, which can be attributed to the rapid urbanization in the country.
Growing awareness about lactose intolerance among consumers has augmented the demand for lactose-free or low-lactose dairy products, which is further projected to drive the market.
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Target buyers of Saudi Arabia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia enzymes market size, by type, 2018-2030 (US$M)
Saudi Arabia Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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