U.S. Industrial Enzymes Market Size & Outlook, 2022-2030
U.S. industrial enzymes market, 2018-2030 (US$M)
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U.S. industrial enzymes market highlights
- The U.S. industrial enzymes market generated a revenue of USD 1,919.4 million in 2022 and is expected to reach USD 3,202.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.6% 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.
Industrial enzymes market data book summary
| Market revenue in 2022 | USD 1,919.4 million |
| Market revenue in 2030 | USD 3,202.6 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Carbohydrase |
| Fastest growing segment | Carbohydrase |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 34.7% of the global industrial enzymes market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial 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 3,202.6 million by 2030.
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Industrial Enzymes Market Scope
Industrial Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 48.23% in 2022. Horizon Databook has segmented the U.S. industrial enzymes market based on carbohydrase, proteases, lipases, polymerases & nucleases covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for industrial enzymes in the U.S. is experiencing notable growth owing to the favorable business environment in the country that promotes the usage of these enzymes in various applications in different industries. The growth of various end-use industries in the country has also contributed to increased consumption of industrial enzymes, making the U.S. a prominent market for them in North America.
Carbohydrase, a widely used digestive enzyme, is used in the food & beverages industry owing to the increasing popularity of functional food products and dietary fibers in the U.S In the global industrial enzymes market, the U.S. holds the top position owing to its largest revenue share in the market.
The dominance of the country in the global market can be attributed large-scale production of beverages and biofuels in the U.S. The increasing demand for craft beer in U.S. plays a significant role in driving the growth of industrial enzymes market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. industrial enzymes market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industrial enzymes market size, by product, 2018-2030 (US$M)
U.S. Industrial Enzymes Market Outlook Share, 2022 & 2030 (US$M)
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