Turkey Enzymes Market Size & Outlook, 2021-2030
Turkey enzymes market, 2018-2030 (US$M)
Related Markets
Turkey enzymes market highlights
- The Turkey enzymes market generated a revenue of USD 104.2 million in 2021 and is expected to reach USD 154.4 million by 2030.
- The Turkey market is expected to grow at a CAGR of 4.5% 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.
Enzymes market data book summary
| Market revenue in 2021 | USD 104.2 million |
| Market revenue in 2030 | USD 154.4 million |
| Growth rate | 4.5% (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, Turkey accounted for 0.9% 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 |
|---|
Turkey 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 58.73% in 2021. Horizon Databook has segmented the Turkey 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 According to the U.S. Department of Agriculture, Turkey is considered a food products hub comprising over 250 food additives in the country.
Food processing ingredient manufacturers, ranging from multinational giants to small key players, have considerable presence in Turkey. Enzymes in turkey are also imported from key manufacturing countries to meet the needs of the widespread food & beverage sector. Therefore, it is likely to boost the market growth of enzymes in Turkey over the forecast period.
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Target buyers of Turkey 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 Turkey enzymes market , including forecasts for subscribers. This country databook contains high-level insights into Turkey enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey enzymes market size, by type, 2018-2030 (US$M)
Turkey Enzymes Market Outlook Share, 2021 & 2030 (US$M)
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