Enzymes Enzymes in Industrial Applications
Growth in all sectors: The market for industrial enzymes is to prosper, according to new research.
BCC Research estimates the global market for industrial enzymes at US$ 3.3 billion in 2010. It is expected to reach US$ 4.4 billion by 2015, with a compound annual growth rate (CAGR) of 6 percent over the 5-year forecast period. The sector of technical enzymes, valued at just over US$ 1 billion in 2010, will increase to reach US$ 1.5 billion in 2015. The highest sales of technical enzymes occurred in the leather market, followed by the bioethanol market. The food and beverage enzymes segment is expected to reach about US$ 1.3 billion by 2015, from a value of US$975 million in 2010. Within the food and beverage enzymes segment, the milk and dairy market had the highest sales.