Rising Prominence of Sustainable Production Practices Drives the Global Industrial Enzymes Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 19, 2014 -- Follow us on LinkedIn – As industrial catalysis becomes increasingly enzyme dependent, industrial enzymes also known as ‘White Biotechnology’, hold immense potential for growth. Enzymes catalyze all kinds of chemical reactions in a broad range of industrial processes. As industries begin to adopt green manufacturing practices, demand for enzymes is expected to increase steadily over the next few years. The market is poised to benefit immensely from growing environmental concerns and increased governmental intervention to curb the unchecked use of hazardous and environmentally harmful conventional petrochemicals. Unlike their chemical counterparts, enzymes are biodegradable and environment friendly. Moderate conditions of pressure, pH and temperature are all that is required for enzymes to carry out their functions with minimal side effects.
Future growth in the market will be driven by the development of novel, high-value enzymes. Several of the R&D projects are currently centered on identifying enzymes from fungi and microbes such as cellulases. The development of newer grades of next generation enzymes, such as Psychrozymes, will open up newer application areas for enzymes in addition to its existing use in food, feed, textile, leather, oils & fats, beverage and biofuel industries. New enzyme technologies targeted at enhancing cost efficiencies and productivity will grow in popularity and create a continuous stream of new and versatile applications thus offering a strong business case for industrial enzymes.
Carbohydrases, including amylases, pectinases and cellulases, will continue to be the leading product categories supported by strong demand from food and beverage, animal feed and detergent end-use industries. A-amylases, a type of carbohydrase, represents the most versatile enzyme used in starch-to-sugar conversion in food processing and in the production of cyclodextrins in the pharmaceutical industry. Food and beverage industry represents the largest and the fastest growing end-use application area for industrial enzymes with growth led by robust demand worldwide for high-quality, enzyme-rich food.
As stated by the new market research report on Industrial Enzymes, the United States, with its strong industrial base, represents the largest market worldwide, followed by Europe. Asia-Pacific represents the fastest growing market with a CAGR of 9.9% over the analysis period. Key factors driving growth in the region include strong industrial and economic growth, increasing population, rising per capita income, and increasing demand for higher value and quality goods, especially food, cleaning products and feed.
Key players covered in the report include AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Asahi Kasei Pharma Corporation, BASF SE, BioResource International Inc., Chr. Hansen A/S, Codexis Inc., DuPont Nutrition and Health, Direvo Biotech AG, Enzymatic Deinking Technologies LLC, Hayashibara Company, Novozymes A/S, and Royal DSM, among others.
The research report titled “Industrial Enzymes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, key growth drivers, mergers, acquisitions, and other strategic industry activities of major companies. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East, and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Carbohydrases, Proteases, Lipases, and Others. End-use applications analyzed in the report include Food & Beverage; Detergents & Other Cleaning Products; Textiles; Animal Feed; Ethanol Production; and Others.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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