Enzymes Market Projected to Grow Steadily During (2012 - 2018)
Overview of the enzymes market
Enzymes are essentially protein molecules that perform the function of a biological catalyst to bring speed to metabolic reactions. Enzymes also feature other properties, such as the ability to react with a specific reactant.
The overall enzymes market gains greater significance in the backdrop of an exploding population worldwide, which in turn results in a massive demand for food. Processed food is becoming increasingly popular and enzymes form a key ingredient of processed and preserved foods. The demand for and use of enzymes in the food industry will likely escalate significantly over the forecast period of this market research report. Enzymes not only help improve food quality, but also accelerate reaction specificity. For instance, they play a vital role in converting carbohydrate to carbohydrase, lipid to lipase, and protein to protease, all of which have properties that add to the shelf longevity of foods. Enzymes also possess food softening, digestive, and staleness-inhibiting properties.
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Besides the food industry, enzyme engineering presents an underlying opportunity for participants in the global enzymes market. With enzyme engineering, companies can possibly achieve breakthroughs in the chemical and fuel applications as well.
Enzymes also find novel applications in consumer products such as detergents or other cleaning agents. Adding even a single enzyme molecule could boost the detergent’s ability to act on substrate molecules (such as soil). Since enzymes are essentially proteins, they are also biodegradable – a factor that makes them very environment-friendly.
Despite a promising future, the global enzymes market faces certain restraints in the form of stringent government regulations, especially in developed countries. These restrictions pertain to operation temperatures and pH levels. Over the forecast period, these factors could well be the biggest challenge for the enzymes market.
The global enzymes market is projected to be worth US$8.5 billion by 2015. The fastest growing markets in this industry will be Asia Pacific, Africa, Latin-America, as well as Eastern Europe.
By product, the global enzyme market can be segmented as: Carbohydrase, protease, lipase, polymerase, nuclease, and others. By application, the enzyme market can be split into: food and beverage, animal feed, cleaning agents, biofuels, and others. For the purpose of in-depth analysis, the report divides the global market by region into: North America, Europe, Asia Pacific and others.
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While carbohydrase (over 40%) was the largest product segment in the global enzyme market in 2013, food and beverage (35%) is the largest segment by application. By geography, the largest enzyme market was North America (37%) in 2013.
Companies mentioned in the enzymes market research report
As of 2013, the global market for enzymes was largely dominated by the top three market participants, which controlled about 70% of the total market. The leading players in this market are: DSM, Novozymes, and Danisco.
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