Global Cellulase Market Set to Reach $2.12 Billion by 2024, Driven by Diverse Industrial Applications

Cellulase Market Size

The global Cellulase market was valued at US$ 1317 million in 2023 and is anticipated to reach US$ 2009 million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

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Key Trends Influencing Market Growth:

1. Rising Demand in Pharmaceutical and Healthcare Sectors: Cellulase is increasingly utilized in the pharmaceutical industry for drug formulation and in healthcare for wound healing applications. The enzyme's ability to break down complex carbohydrates enhances the bioavailability of certain medications.

2. Advancements in Biofuel Production: The growing emphasis on renewable energy sources has led to increased use of cellulase in biofuel production. By converting cellulose into fermentable sugars, cellulase plays a crucial role in producing sustainable biofuels.

3. Expansion in Animal Feed Industry: Cellulase is incorporated into animal feed to improve nutrient digestibility and enhance growth rates. This application is particularly significant in the livestock sector, where efficient feed utilization is essential.

4. Growth in Textile and Paper Industries: In the textile industry, cellulase is used for biopolishing and denim finishing, imparting desired aesthetics to fabrics. Similarly, the paper industry employs cellulase to enhance pulp quality and reduce chemical usage.

5. Technological Innovations in Enzyme Production: Advancements in genetic engineering and fermentation technologies have led to the development of more efficient and cost-effective cellulase production methods, further driving market growth.

By Type
• EG
• CBH
• BG

By Application
• Animal Feed
• Textile
• Food & Beverage
• Biofuels
• Others

Key Companies
Novozymes, Genencor (IFF), DSM, AB Enzymes, Amano Enzyme, BIO-CAT, Shandong Longda Bio-Products, ENMEX (Kerry), Sunson Industry Group, Sinobios

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This release was published on openPR.