United States Industrial Enzymes Market – Size, Outlook, Trends and Forecast (2024

United States Industrial Enzymes Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Enzymes are complex proteins that help in the catalysing of a biochemical reaction. Industrial enzymes, apart from advancing biochemical reactions, help in reducing energy consumption, thereby saving energy costs for the respective industries.

United States Industrial Enzymes Market Share:

Proteases estimated to be the most significant market share in the industrial enzymes market due to their wide range of applications in food & beverage, detergent, and biofuel industries. Protease enzymes have been used in food processing for centuries in traditional applications such as extracting cheese, curd, and whey from milk.

The United States Industrial Enzymes Market Size & Growth:

The United States industrial enzymes market was estimated to be worth USD 1,315.39 million in 2017, and it is expected to reach USD 1,823.03 million by 2024, registering a CAGR of 5.63% during 2018-2024.

The United States region estimates for a significant share of the global industrial enzymes market and is projected to grow at the highest CAGR during the forecast period. The rise in population, per capita income, healthcare expenditure, increase in awareness of diseases, buying

United States Industrial Enzymes Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the power of population, and rapid growth in technologies have led to the growth in opportunities in United States region for industrial enzymes.

Consumers in the United States are gradually leaning toward nutraceutical ingredients, owing to the increasing awareness regarding the ill-effects of improper diet. This preference offers a lucrative scope for market growth during the forecast period.

The United States Industrial Enzymes Market Industry Analysis:

Enzymes are used in various applications, with major ones being cosmetics, textiles, food processing, pulp & paper and biofuel production. Major enzyme products used in the industry are carbohydrases, proteases, and lipases. This forms the basis for market segmentation into applications and product types.

United States Industrial Enzymes Market Outlook:

Handling disparities across various regions in the country are affecting the stability in the final price of products and is likely to constrain the growth of the market to some effect. The rapid rise of population, coupled with urbanisation, is boosting the demand for processed food in the United States, thereby driving the market during the forecast period.

The United States Industrial Enzymes Market Trends:

Dyadic International, Inc. announced the conclusion of formal collaborative research with Danisco US Inc., a unit of DuPont Industrial Biosciences. Buckman has entered into a strategic alliance with Engro Corporation. BASF and SINOPEC expand production capacity for Neopentylglycol in Nanjing, China.

United States Industrial Enzymes Market Research report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Dyadic International, Inc.
BASF
Buckman Laboratories International, Inc.
Novozymes A/S
Maps Enzymes Ltd

forecast period. The United

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United States Industrial Enzymes Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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