Latin America Industrial Enzymes Market Size & Outlook
Latin America industrial enzymes market, 2018-2030 (US$M)
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Latin America industrial enzymes market highlights
- The Latin America industrial enzymes market generated a revenue of USD 37.9 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, carbohydrase was the largest revenue generating product in 2022.
- Carbohydrase is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 37.9 million |
| Market revenue in 2030 | USD 54.0 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Carbohydrase |
| Fastest growing segment | Carbohydrase |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbohydrase, Proteases, Lipases, Polymerases & Nucleases |
| Key market players worldwide | Basf SE, Novonesis AS ADR, DuPont de Nemours Inc, DSM, Novus Holdings Ltd, Associated British Foods PLC, Advanced Enzymes, Koninklijke DSM NV, Chr. Hansen, Lesaffre, Bluestar Adisseo Co., BioProcess Algae |
Other key industry trends
- In terms of revenue, Latin America region accounted for 0.7% of the global industrial enzymes market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,342.9 million by 2030.
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Industrial Enzymes Market Scope
Industrial Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America industrial 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 industrial enzymes market will help companies and investors design strategic landscapes.
Carbohydrase was the largest segment with a revenue share of 47.23% in 2022. Horizon Databook has segmented the Latin America industrial enzymes market based on carbohydrase, proteases, lipases, polymerases & nucleases covering the revenue growth of each sub-segment from 2018 to 2030.
Industrial enzymes market in South America is witnessing significant growth owing to its flourishing food & beverage, textiles, and detergent industries. Countries of the region, including Brazil, Argentina, and Chile, are experiencing a rise in consumer awareness about the benefits of using enzymes. This is further fueling the growth of the market in South America.
The food & beverage industry in the region is flourishing due to changing consumer preferences, increasing disposable income, and ongoing urbanization. This growth has led to an increased demand for processed and convenience food products, thereby contributing to the requirement for enzymes to enhance the quality, texture, and shelf life of these products.
Industrial enzymes, such as amylases, proteases, and lipases, are extensively utilized in baking and brewing applications, as well as in dairy plants. They play a crucial role in improving production processes, optimizing manufacturing costs, and enhancing the overall quality of food products and beverages developed.
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Our clientele includes a mix of industrial enzymes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America industrial enzymes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America industrial enzymes market size, by country, 2018-2030 (US$M)
Latin America Industrial Enzymes Market Outlook Share, 2022 & 2030 (US$M)
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