Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.62 Billion | USD 47.19 Billion | 9.04% | 2022 |
FrequentlyAsked Questions
Pectinases are referred to as mixed enzymes that hydrolyze pectic substances, mainly that are present in microorganisms and bigger plants & herbs. Pectinases are the collection of enzymes that help in catalyzing the pectin-containing substances that are manufactured by microbes and plants. Reportedly, the key source of pectinase is bacteria, yeast, and fungi. Moreover, agro-industrial wastes are used as substrates in the production of pectinase. In addition to this, the production of pectinase depends upon pH and temperature.
The global pectinase market is projected to expand over 2023-2030 due to fruit extracts being available in varied grades including food, personal care, and homecare.
According to study, the global pectinase market size was $18.3 billion in 2022 and is projected to reach $26.6 billion by the end of 2030.
The global pectinase market is anticipated to record a CAGR of nearly 11.1% from 2023 to 2030.
The North American pectinase industry is set to account for a major share of the global industry in the upcoming years subject to a prominent surge in the disposable income and purchasing capacity of the people. Apart from this, breakthroughs in the food & beverages sector in the countries such as Canada and the U.S. will contribute notably towards the revenue of the North American market.
The global Pectinase market is led by industry players such as Challenge Group, AB Enzymes, Jinyuan Biochemical Co Ltd., Sukahan Bio-Technology, Sunson, Shandong Longda, Verenium (BASF), YSSH, AB Enzymes, Genencor, Koninklijke DSM N.V., Amano Enzyme, Youtell, and Novozymes.
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