Global Markets for Enzymes in Industrial Applications

LONDON, Oct. 14, 2014 /PRNewswire/ -- Widespread research in the field of industrial enzymes has revealed the influence of enzyme technology in almost every sector of industrial activity, ranging from technical field to food, feed and healthcare activity. This BCC Research report provides an overview of the current and future characteristics of the global market for industrial enzymes. Enzymatic processes are rapidly becoming better financial and ecological alternatives to chemical processes due to enzymes’ biodegradable nature and cost effectiveness. Revenues, in this report, are broken down by region. Data from 2011 to 2013, estimates for 2018 along with five-year CAGR projections from 2013 through 2018 are also provided.

Use this report to:
- Learn about the current and future characteristics of the global market for industrial enzymes.
- Explore present and future strategies within the industrial enzyme market, which includes detergent enzymes, technical enzymes, food enzymes and animal feed enzymes.
- Learn about the evolution, setbacks, and needs of the market.
- Learn about significant patents and their allotments in each category.

Highlights
- The global market for industrial enzymes was worth nearly $4.5 billion in 2012 and nearly $4.8 billion in 2013. The market is expected to reach around $7.1 billion by 2018, a
compound annual growth rate (CAGR) of 8.2% from 2013 to 2018.
- The food and beverage enzyme market was valued at $1.3 billion in 2013 and is expected to reach $1.7 billion in 2018, a CAGR of 5.1% from 2013 to 2018.
- The detergent enzyme market was valued at nearly $1.1 billion in 2013 and is expected to reach $1.8 billion in 2018, a CAGR of 11.3% from 2013 to 2018.

INTRODUCTION

STUDY OBJECTIVES
The efficient and highly specific catalytic properties of enzymes have already encouraged their introduction into several industrial products and processes. Recent
developments in biotechnology, specifically in areas such as protein engineering and genetic engineering, have provided important tools for the effective development of
new enzymes. This has resulted in the development of enzymes with improved properties for established technical and industrial applications.
BCC Research'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 and future direction of these enzymes as important tools for use in various industries.

This report explores present and future strategies within the industrial enzyme market, which includes detergent enzymes, technical enzymes, food enzymes and animal feed enzymes. The market's evolution, setbacks and needs are discussed. The classifications, comparisons and usage of enzyme inhibitors are also portrayed in this
report. A detailed analysis of industrial enzyme industry structure has been conducted. Revenues are broken down by region. Sales figures are estimated for the five-year
period from 2013 through 2018.

Industrial enzyme applications are also discussed in the report, with emphasis on technical enzymes and those used in the food and beverage industry. The report also
covers significant patents and their allotments in each category.

REASONS FOR DOING THIS STUDY
Widespread research in the field of industrial enzymes has revealed their usage in various industries. Many industries have now begun to explore the advantages of
industrial enzymes in their productions and processes, leading to a sound market. Research and development (R&D) spending, increasing competition and new
technologies are directing this industry. The advancements, new product launches and their advantages over traditional industrial methods have positively influenced market
growth in the near future. This study looks at almost all of the systems affected by these factors. Acquisition strategies and company collaborations are also covered in this report.

CONTRIBUTIONS OF THE STUDY AND FOR WHOM
This study contributes to the areas of market growth in industrial enzymes manufacturers and users. The detergent industry; textile, paper and pulp industry; leather industry; food and beverage industry; and animal feed industry, as well as research institutes, will find this study to be of interest.

SCOPE OF THE STUDY
The scope of this study encompasses industrial enzymes in various industry sectors. BCC Research analyzes each market and its applications, regulatory environments,
technology, market projections and market shares. Technological issues include the latest trends and developments. The emerging market for enzyme inhibitors includes
India, China, Japan, South Korea, Taiwan, Canada, Africa, Australia and New Zealand.

METHODOLOGY
Both primary and secondary research methodologies were used when preparing this study. BCC Research conducted a comprehensive literature search that included
technical newsletters and journals, as well as many other sources. Data were collected through interviews and correspondence with manufacturers and enzyme technical
experts. Projections were based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.

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