Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.19 Billion | USD 2.1 Billion | 6.69% | 2021 |
FrequentlyAsked Questions
The global specialty enzymes market is projected to grow owing to the increasing investments and high growth rate of the pharmaceutical industry which has gained a higher momentum post the pandemic impact.
According to study, the global specialty enzymes market size was worth around USD 1.19 billion in 2021 and is predicted to grow to around USD 2.1 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.69% between 2022 and 2028.
The global specialty enzymes market is projected to be dominated by North America in the coming years as it has in 2021 owing to an increased number of approvals from the US Food and Drugs Administration for specialty enzyme products ranging from pharmaceutical products to pet healthcare.
The global specialty enzymes market is led by players like F. Hoffmann-La Roche Ltd., Codexis Inc., Speciality enzymes and probiotics, DuPont Nutrition and Bioscience, Advance enzymes, Novozymes, Amano enzyme Inc., BBI Solutions, and Sekisui Diagnostics among others.
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