Global Markets for Enzymes in Industrial Applications

The global industrial enzymes market should reach $7.0 billion by 2023 from $5.5 billion in 2018 at a compound annual growth rate (CAGR) of 4.9% for the period 2018-2023.

Report Includes

• 26 tables and 54 additional tables
• An overview of the global markets for enzymes in industrial applications
• Analyses of global market trends, with data from 2017, estimates for 2018, and projections of CAGRs through 2023
• Coverage of definition of enzymes, historical background of industrial enzymes, enzyme nomenclature and classification
• Insight into enzyme market including detergent enzymes, technical enzymes, food enzymes, and animal-feed enzymes
• Discussion about technological issues, latest trends, pipeline products, and developments
• Analyses of the key market players including, 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

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.

Report Includes

• An overview of the global markets for enzymes used in industrial applications.
• Analyses of global market trends, with data from 2014 and 2015, estimates for 2016, and projections of CAGRs through 2021.
• A comprehensive analysis of the future direction of these enzymes as important tools for use in various industries.
• Analysis of factors affecting the market such as the regulatory environment, growth drivers, needs of the market, and influencing technologies.
• Coverage of industrial enzyme applications, with emphasis on technical enzymes and those used in the food and beverage industry.
• Discussion of merger, acquisition, and collaboration strategies as well as discussion on the competitive landscape and structure of the industry.
• Profiles of major players in the industry.

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.

Report Includes

• 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 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.

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.