Global Industrial Enzymes Market to Reach US$3.74 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Industrial Enzymes markets. The global market for industrial enzymes is forecast to reach US$3.74 billion by the year 2015. Key factors driving market growth include new enzyme technologies endeavoring to enhance cost efficiencies and productivity, and growing interest among consumers in substituting petrochemical products with other organic compounds such as enzymes. Other factor propelling market growth includes surging demand from textile manufacturers, animal feed producers, detergent manufacturers, pharmaceutical companies, and cosmetics vendors.

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Industrial Enzymes: A Global Strategic Business Report

San Jose, CA (Vocus/PRWEB) February 09, 2011

Global market for industrial enzymes was fairly immune to the recent turmoil in the global economy and grew moderately during 2008-2009. Demand for industrial enzymes in matured economies such as the US, Western Europe, Japan and Canada was relatively stable during the recent times, while developing economies of Asia-Pacific, Eastern Europe and Africa and Middle East regions emerged as the fastest growing markets for industrial enzymes.

Increased demand for various specialty enzymes, polymerases and nucleases coupled with the robust growth in animal feed markets are likely to steer growth in industrial enzymes market. Increased access to the medical care facilities as well as services in various developing regions and the urge to achieve universal health care in few of the matured regions such as the United States is likely to bolster the demand for diagnostic enzymes as well as biocatalyst and pharmaceutical enzymes in the near future. Introduction of smaller and newer molecular drugs in the market involves a complicated and intricate process, which is likely to compel pharmaceutical companies to shift their focus on biotechnology sector, thus fuelling the demand for biotechnology and research enzymes. However, demand for the enzymes that are used in production of ethanol on the other hand, is likely to slowdown in the near future as several countries are increasingly re-evaluating the usage of food-derived raw materials in the manufacture of ethanol.

Europe represents the largest region for industrial enzymes worldwide, as stated by the new market research report on Industrial Enzymes. The United States trails Europe in terms of sales of industrial enzymes. United States and Europe collectively command a major share of the world industrial enzymes market. On the other hand, Asia Pacific is poised to register the fastest compounded annual growth rate of more than 8.0% over the analysis period.

Proteases constitutes the largest product segment in the global industrial enzymes market. Growth-wise, Carbohydrases market is projected to be the fastest growing product segment, with a CAGR of more than 7.0% over the analysis period. Lipases represent the other major product segment in the global industrial enzymes market with high growth potential. In terms of end-use, Food and feed represents the largest segment for industrial enzymes. Developing regions are expected to emerge as the fastest growing consumers of industrial enzymes for food and feed applications, as increase in per capita income in these regions would continue to drive the demand for meat. Detergents constitute the other major end-use segment for industrial enzymes. Demand for detergent enzymes, however, is likely to be affected by the fluctuating prices of raw materials and the continuous innovations by the manufacturers to cut down on the costs. Nevertheless, a large percentage of mid-tier and low tier-detergent manufacturers are increasing the usage of enzymes in their products for offering enhanced performance.

Development of novel and superior performing products and rapid advances in the technology would enable industrial enzyme manufacturers to cash on the vast untapped potential in the market. Sectors such as pharmaceuticals and bio ethanol have succeeded in drawing significant attention of the investors and are self-sufficient in undertaking new product development activities and in launching novel and unique products in the market, thus offering new opportunities to the industrial enzyme manufacturers. However, segments such as wastewater treatment chemicals and paper and pulp lack sufficient funding for carrying out new product developments. This is hampering the prospects of industrial enzymes companies to a large extent. In order to enhance their prospects in other segments also, industrial enzyme manufacturers are increasingly using the pharmaceutical and bio ethanol enzyme developing technologies for developing other application-specific enzymes.

Major players profiled in the report include AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Asahi Kasei Pharma Corporation, BASF SE, Cargill Texturizing Solutions, Chr. Hansen A/S, Danisco A/S, Genencor International Inc., DSM Food Specialties, Hayashibara Company, NEXGEN Biotechnologies Inc., Novozymes A/S, Verenium Corporation, among others.

The research report titled “Industrial Enzymes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial enzymes markets, impact of recession on the markets, current market trends, key growth drivers, competitive scenario, product overview, end-use analysis, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Industrial Enzymes market for the years 2007 through 2015 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America. Key segments analyzed include Carbohydrases, Proteases, Lipases, and Others. End-use segments independently analyzed include Food & Feed, Detergents, Textiles, Leather, Pulp & Paper, and Others. Also, a six-year (2001-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Industrial_Enzymes_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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