London, 10 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Industrial Enzymes Market 2015-2019, which is expected to grow steadily at a CAGR of 6.54% during the forecast period of 2014-2019.
The increased use of enzymes in the food and beverage sector is the prime reason for this: growing health consciousness among consumers is resulting in more spending on foods rich in enzymes.
“Enzymes are finding increased use in the manufacture of products in the industrial sector because of their effective catalytic properties,” says Faisal Ghaus, Vice President of TechNavio.
“New developments in biotechnology and protein engineering provide platforms for the efficient development of enzymes with improved properties. These new-generation enzymes are used in the paper and pulp, biofuel, leather, and textile sectors.”
Key Market Drivers
- High demand for enzyme-rich food and beverages
- Increased demand for enzyme-based supplements
- Increased use in detergent sector
Key Market Trends
- Significant investment in R&D
- Developments in protein engineering
- Growing demand for biofuels
Key Market Vendors
- Amano Enzyme Inc.
- Codexis Inc.
- Dupont Danisco (Danisco)
- Dyadic International Inc.
- Novozymes
- Royal DSM
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Industrial Enzymes Market 2015-2019; please send an e-mail to media@TechNavio.com.
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