Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 30.2 Million | USD 60.53 Million | 7.2% | 2024 |
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 expected to grow due to rising demand in food & beverage processing, growth in wine and juice production, and increasing applications in textile and paper industries for bio-scouring and fiber modification.
According to a study, the global pectinase market size was worth around USD 30.2 Million in 2024 and is expected to reach USD 60.53 Million by 2034.
The global pectinase market is expected to grow at a CAGR of 7.2% during the forecast period.
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.
Leading players in the global pectinase market include 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, Novozymes, among others.
The report explores crucial aspects of the pectinase market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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