Global Markets for Enzymes in Industrial Applications

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.

This Report:

• 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.