Global Industrial Enzymes Market is Expected to Reach $4.4 Billion by 2015

DALLAS, Texas, January 25, 2011 /PRNewswire/ --

- Sandler Research announces it will carry Enzymes in Industrial Applications: Global Markets Research Report in its store. This Research Forecast Announce Global Industrial Enzymes Market is Expected to Reach $4.4 Billion by 2015.

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The global market for industrial enzymes is estimated at $3.3 billion in 2010. This market is expected to reach $4.4 billion by 2015, a compound annual growth rate (CAGR) of 6% over the 5-year forecast period.

Technical enzymes are valued at just over $1 billion in 2010. This sector will increase at a 6.6% compound annual growth rate (CAGR) to reach $1.5 billion in 2015. The highest sales of technical enzymes occurred in the leather market, followed by the bioethanol market.

The food and beverage enzymes segment is expected to reach about $1.3 billion by 2015, from a value of $975 million in 2010, rising at a compound annual growth rate (CAGR) of 5.1%. Within the food and beverage enzymes segment, the milk and dairy market had the highest sales, with $401.8 million in 2009.

INTRODUCTION

STUDY OBJECTIVES

BCC's goal in conducting this study is to provide an overview of the current and future characteristics of the global market for industrial enzymes. The key objective is to present a comprehensive analysis of the current market and its future direction in the enzymes market as an important tool for increasing the efficiency and specificity of the products in which the enzymes are used.

This report explores present and future strategies within the industrial enzymes market, which includes the following segments: detergents, technical, food and beverages, and animal feed. Market initiatives, setbacks, and the needs of the market are discussed in this report. The comparisons, usage, and advantages and disadvantages of different enzymes types are also discussed.

A detailed analysis of the structure of the enzymes industry has been conducted. Revenues are broken down by global region. Sales figures are estimated for the 5-year period of 2010 through 2015.

Applications for industrial enzymes are also discussed separately in the report, with an emphasis on the usage of technical enzymes and food and beverage enzymes. The report also covers significant patents and their number in each category.

REASONS FOR DOING THIS STUDY

Extensive research on the biochemistry of small organisms has revealed that specific enzymes are responsible for the production of brewing, baking, and milk and dairy products. Microorganisms used in the past have now been replaced by purified enzymes. Modern industries have begun to explore the advantages of enzymes. This has led to the growing market for industrial enzymes.

Research and development (R&D) spending, along with increasing competition, patent expiries, and new technologies are taking the global market for industrial enzymes in a new direction. Although the industry did see a setback in 2009 due to the economic downturn, the new advancements and the need for cost reductions are influencing market growth. This study looks at most of the systems affected by these factors.

Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strength and weaknesses of each type of technology in light of the new technologies, growing competition, and changing customer needs.

INTENDED AUDIENCE

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 industries, and research institutes will find this study to be of interest.

SCOPE OF THE STUDY

The scope of this study encompasses industrial enzymes, biotechnical, chemical, and biotechnology markets. BCC analyzes each market and its applications, regulatory environment, technology involved, market projections, and market share. Technological issues include the latest trends and developments.

METHODOLOGY

Both primary and secondary research methodologies were used in preparing this study. BCC conducted a comprehensive literature search, which included technical newsletters and journals, and many other sources. Data were collected through interviews and correspondence with various chemical, biotechnical, and food and beverage technical experts. Projections are based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.

INFORMATION SOURCES

Many companies within the industry were surveyed to obtain data for this study. Included were manufacturers and end users of enzymes in the chemical, biotechnology, food and beverage, leather, and detergent industries. Data were gathered from various industry sources. BCC spoke with officials within the industry, consulted newsletters, company literature, product literature, and a host of technical articles, journals, indexes, and abstracts. Exhaustive investigations of databases by key terminology were completed. In addition, data were compiled from current financial, trade, and government sources.

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SOURCE MarketsandMarkets