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Global Markets for Enzymes in Industrial Applications

Global Markets for Enzymes in Industrial Applications

  • December 2016
  • 116 pages
  • ID: 870778

Summary

Table of Contents

Use this report to:
• Analyze the global market for enzymes based on their applications.
• Receive information about the classifications and usage of the different types of enzymes.
• Gain an insight into significant patents and analyze allotments of patents by various categories.
• Learn about the new developments and advances in the enzyme market.

Highlights
• The global market for industrial enzymes reached nearly $4.6 billion and $4.9 billion in 2014 and 2015, respectively. This market is expected to increase from nearly $5.0 billion in 2016 to $6.3 billion in 2021 at a compound annual growth rate (CAGR) of 4.7% for 2016-2021.
• Food industrial enzyme market is expected to grow from nearly $1.5 billion in 2016 to $1.9 billion in 2021 at a CAGR of 4.7% from 2016 through 2021.
• Animal feed industrial enzyme market is expected to grow from $1.2 billion in 2016 to nearly $1.6 billion at a CAGR of 5.2% from 2016 through 2021.

Introduction & Scope
Enzymes are an integral part of various industries such as food, textile, leather, detergent, animal feed, and biofuel. Enzymes are the most efficient catalysts and are used extensively in industry.

The enzyme industry has experienced significant clinical growth during the last decade due to the global growing demand for cleaner and greener technology to preserve the environment. The objective in conducting this study is to provide an overview of the current and future characteristics of the global market for enzymes. The study measures and forecasts the enzyme market based on different types of enzymes. Regional analysis of all of these markets is also provided in the study.

This report analyzes present and future strategies within the markets for various enzymes including detergent enzymes, technical enzymes, food enzymes, and animal-feed enzymes. The report further analyzes the market for enzymes based on their applications: Enzymes are divided into textile enzymes, paper and pulp enzymes, bioethanol enzymes, and leather enzymes.

The performance of the market, and the setbacks and the needs within the market are discussed in this report. The classifications and usage of the different types of enzymes are also portrayed.

A detailed market analysis of the different types of enzymes and of the relevant industry structure has been conducted. Revenues are broken down by region. The sales figures are estimated for the five-year period from 2016 through 2021.

The report covers significant patents and analyzes allotments of patents by various categories. This report also recognizes new developments and advances in the enzyme market.

REASONS FOR DOING THIS STUDY
The aim of this study of the enzyme industry is to understand how enzymes have revolutionized the biotech industry. Because enzymes are biodegradable by nature and are cost-effective, enzymatic processes are rapidly becoming better economic and ecological alternatives to chemical processes Globalization and the increase in research and development within the enzyme market are driving forces that are causing the market to rise.

An increasing population and a global need for cleaner and greener alternatives are also driving the market and further augmenting the demand for enzymes. Enzymes have revolutionized the research approach for various conditions and have paved the way for a new class of drugs that allow for highly specific treatment, prevention, and control of many injuries and diseases. In addition, biotechnological advances have led to the replacement of harsh chemicals by biodegradable enzymes in various industrial processes.

Increasing competition and new technologies are directing the enzyme market. New advancements, new product launches, and strenuous and fast lifestyles are influencing the market to grow for the foreseeable future. This study looks at most of the factors affecting the enzyme market.

Acquisition strategies and collaborations among companies are also covered in this report. Further, this study discusses the strengths and weaknesses of each type of enzyme in light of new technologies, growing competition, and changing customer needs.

CONTRIBUTIONS OF THE STUDY AND FOR WHOM
This study will interest manufacturers and users of enzymes and other associated manufacturers. Hospitals, research institutes, and physicians will also find this study to be of interest.

The study will allow the reader to gain insights into the current market and will help in forecasting various market parameters. The information can help users understand the market in terms of factors driving growth, factors limiting the growth, and other key aspects.

SCOPE OF THE STUDY
This report provides key market analysis, highlights market drivers and constraints, and discusses competitive developments and trends in the enzyme market.

BCC Research analyzes the enzyme market in terms of applications, regulatory environment, technology, market projections, and market shares.
This report discusses the enzyme industry and its various resources. It covers the overall enzyme market, including detergent enzymes, technical enzymes, food enzymes, and animal-feed enzymes. The report further analyzes the enzyme market based on application, providing an analysis of textile enzymes, paper and pulp enzymes, bioethanol enzymes, and leather enzymes.

A complete regional analysis of the market is also studied in the report. The enzyme market by region is broken down into: North America; Europe, the Middle East, and Africa; Asia-Pacific; and emerging markets. The emerging markets for industrial enzymes include countries such as Canada, Australia, New Zealand, and others.

The technological issues discussed in the report encompass the latest trends, pipeline products, and developments. Also included in the report are comprehensive profiles of companies that are leaders in the enzyme market.

The key market players are: Novozymes, BASF Corp., Associated British Foods plc (AB Enzymes), Danisco/DuPont (Genencor Industrial Biosciences), Specialty Enzymes and Biotechnology Ltd., DSM, Maps Enzymes Ltd., and Chr. Hansen A/S, among several others.

METHODOLOGY
Both primary and secondary research methodologies were used in preparing this study. BCC Research conducted a comprehensive literature search that included technical newsletters and journals and many other sources.

Data were collected through interviews and correspondence with enzyme manufacturers and technical experts. Projections were based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.

INFORMATION SOURCES
Many companies were surveyed to obtain data for this study. Included were manufacturers and users of industrial enzymes. Data were gathered from various industry sources. BCC Research spoke with officials within the industry, and consulted newsletters, company literature, product literature, and a host of technical articles, journals, indexes, and abstracts. Exhaustive investigations of databases using key terminology were completed. In addition, data were compiled from current financial, trade, and government sources.

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