Global Markets for Enzymes in Industrial Applications
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.
- An overview of the global market for enzymes used in industrial applications.
- Analyses of global market trends, with data from 2011 to 2013, and projections of CAGRs through 2018.
- Analysis of factors affecting the market such as the regulatory environment, growth drivers, needs of the market, and influencing technologies.
- Discussion of merger, acquisition, and collaboration strategies as well as discussion on the competitive landscape and structure of the industry.
- Comprehensive profiles of leading companies in the industry.
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.
Shalini Shahani Dewan focuses on pharmaceuticals and biotechnology and has been a BCC Research contributor since 2002 as both an analyst and project manager. She has explored a wide range of topics and companies, including working for Johnson & Johnson doing market surveillance. She has an undergraduate degree in pharmacy and master's degree in medicinal chemistry. She resides in the Bay Area.
The global market for industrial enzymes was valued at $3.1 billion in 2009 and reached about $3.6 billion in 2010. The estimated market for 2011 is about $3.9 billion. BCC projects this market to grow at a compounded annual growth rate (CAGR) of 9.1% to reach $6 billion by 2016.
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.
- The global market for industrial enzymes increased from $2.2 billion in 2006 to an estimated $2.3 billion by the end of 2007. It should reach $2.7 billion by 2012, a compound annual growth rate (CAGR) of 4%.
- The greatest growth rate is expected in the animal enzymes sector, with a CAGR of 6% between 2007 and 2012, helped in large part by the increased use of phytase enzymes to fight phosphate pollution.
- New and emerging applications have helped drive demand for enzymes, and the industry is responding with a continuous stream of innovative products.
The global market for industrial enzymes is estimated at $2 billion in 2004 and is expected to rise at an average annual growth rate (AAGR) of 3.3% to $2.4 billion in 2009.
Volume growth of industrial enzymes is between a 4% and 5% AAGR, and is accompanied by decreasing prices.
Growth of the animal feed enzyme sector is somewhat higher, at nearly a 4% AAGR, helped by increased use of phytase enzyme to fight phosphate pollution.
Technical enzymes for detergent and pulp and paper manufacturing, among others, are the largest segment with a 52% share. Growth will parallel the overall market.
Total U.S. consumption of enzymes is estimated at $514 million in 2000.
Growing at an average annual rate (AAGR) of 4.1%, usage will reach $629.3 million by 2005.
Pulp and paper applications will show the most growth, at an AAGR of 6.5% through the period.
Detergent/cleaners are second, with 5% annually on average. Food and animal feed applications dominate the current market, accounting for just under half the total value.