San Francisco, California (PRWEB) August 26, 2014
The global market for enzymes is expected to reach USD 7,652.0 million by 2020, according to a new study by Grand View Research, Inc. Increased demand for applications such as food and beverage and detergents expected to drive the market over the forecast period. In addition, increasing application scope in animal feed industry is further expected to augment the demand for enzymes over the next six years.
Food and beverage was the largest application segment for the market, accounting for 37.5% of global revenue in 2013. Increasing demand for processed food coupled with improving food quality is expected to play a major role in the development of the application. Detergents were the second largest application segment, with market revenue exceeding USD 900 million in 2013.
The report “Enzymes Market Analysis By Product (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/Enzymes-Industry
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Further Key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global Enzymes market on the basis of application, product and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
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Grand View Research, Inc
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