Market Research Logo

World Enzymes

338 Pages Freedonia Group Inc January 01, 2014 SKU: FG5193155

World Enzymes

World demand to increase 6.4% annually through 2017
World enzyme demand is forecast to rise 6.4 percent per annum to $6.9 billion in 2017. Increasing per capita incomes in developing countries will help fuel strong gains in consumer-related industrial applications such as food and beverages, animal feed, and cleaning products. Technological advances in DNA manipulation that result in lower DNA sequencing costs will continue to drive above average growth in research and biotechnology, as well as diagnostic enzyme demand, primarily in developed countries where new uses for DNA manipulation continue to be discovered. However, the enzyme industry will face challenges in the large biofuel market as rising public opposition to first generation biofuels and delays in the widespread commercialization of next generation biofuel technologies limit advances.

Developing areas to be key drivers of rising enzyme use
Through the forecast period, a key driver of expanded enzyme use will be the growing middle class population in countries such as China and India. Rising per capita incomes will support the growing use of enzymes in consumer goods, including detergents and food products, as consumers increasingly adopt western style diets and switch to higher performing (and higher cost) products that make greater use of enzymes. Rising meat consumption among the increasingly affluent middle class will lead to higher animal feed enzyme demand as farmers seek to maximize animal weight to satisfy strong demand. Additionally, growing manufacturing sectors in these countries will benefit a number of other industrial markets. Similar trends in Central and South America, Eastern Europe, Africa, and the Middle East will lead to above average gains in these regions as well. In developed economies advances in industrial enzyme demand will be more moderate as slower population growth and more mature market applications limit opportunities for strong gains. However, niche opportunities may arise as governments require greater use of green and sustainable products.

Biotech advances to drive specialty enzyme demand
Continued advances in biotechnology, particularly with respect to DNA manipulation and sequencing, will drive robust increases in specialty enzyme demand across all regions going forward, though the greatest gains will be in the developed countries of North America and Western Europe where much of the world’s research and biotechnology infrastructure is already in place. Rapidly falling DNA sequencing costs will continue to drive enzyme demand in the diagnostics and research and biotechnology markets by facilitating the development of new applications such as genetic-based drug prescription or pesticide selection. Advances in DNA-based technologies will also benefit biocatalyst demand as enzyme producers work to design custom enzymes that optimize specialty chemical production processes.

The slowest gains will be for biofuel production enzymes. As countries such as the United States see stagnant demand for motor fuels and reconsider mandating the diversion of food grains into the transportation industry, the outlook for firstgeneration, grain-based biofuels will be weak. However, the long term promise of biofuel production from cellulosic biomass -- such as agricultural waste products -- will begin to emerge during the forecast period, although the market size is expected to remain small.

Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery.

Show Full Description


Show Table of Contents



World Enzymes

Freedonia Group Inc
January 01, 2014

Pricing & Delivery

PDF E-mail From Publisher
$6,300
Hard Copy Mail Delivery
$6,300
Global Site License Fulfilled by Publisher
$8,900
PDF Email from Publisher plus 1 Hard Copy
$6,900

Didn't find what you are looking for?

Let us find it for you. One of our knowledgeable research assistants will work with you to find exactly the right research to answer your questions:

US: 800.298.5699 International: +1.240.747.3093 Or leave us a message and we'll call you back!

Receive bi-weekly email alerts for new market research.



CTA Image

Download our free eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.


Download CTA

Share this report