Global Information Inc. would like to present a new market research report, "Global Markets for Enzymes in Industrial Applications" by BCC Research.
The global market for industrial enzymes was valued at $3.9 billion in 2011 and is expected to increase to nearly $6.1 billion in 2016, a five-year compound annual growth rate (CAGR) of 9.1%.
The industrial enzymes market can be broken down into three segments: technical enzymes, food and beverage enzymes, and others.
The technical enzymes segment accounted for nearly $1.2 billion in 2011 and is expected to increase at a CAGR of 8.2% to reach $1.7 billion in 2016.
The segment made up of food and beverage enzymes was valued at nearly $1.3 billion in 2011 and is expected to increase at a CAGR of 10.4% to reach $2.1 billion in 2016.
The segment made up of other enzymes was worth nearly $1.5 billion in 2011 and should be worth $2.2 billion in 2016, a CAGR of 8.7%.
Enzymes provide new and innovative biotechnological solutions, which in turn increase efficiency and productivity for manufacturers. Enzyme manufacturers utilize enzyme technology to develop and manufacture bulk and high-value-added products. By using enzymes as biocatalysts, manufacturers are able to develop new processes, which in turn yield new products in various markets.
Increased usage of enzymes is justifiable because they are natural and biodegradable. By using biodegradable enzymes as substitutes in the place of chemical-based products, manufacturing processes are being redeveloped into more environmentally-friendly processes, with less corrosive conditions. Compatibility of enzymes with the environment in addition to their ability to increase process efficiency and provide product specificity has enhanced the enzymes market globally.
This study contributes to the areas of market growth in food and beverages, animal feed, detergents, leather, and other technical enzyme manufacturers and users. Chemical, biochemical and biotechnical companies and industries, and research institutes will find this study to be of interest.
BCC research also covers industrial enzymes with focuses on the North American, European, and Asian regions, as well as emerging markets/rest of world.