SOURCE: MarketResearch.com

MarketResearch.com

May 01, 2012 06:08 ET

Market Research Forecasts Industrial Enzymes Market at $6 Billion by 2016

ROCKVILLE, MD--(Marketwire - May 1, 2012) - MarketResearch.com has announced the addition of the new report "Global Markets for Enzymes in Industrial Applications - Focus on Europe," to their collection of Durable Medical Equipment market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Enzymes-Industrial-Applications-Focus-6905140/

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.

Food and beverage enzymes comprise the largest segment of the industrial enzymes industry with revenues of nearly $1.2 billion in 2010. This market is expected to reach $1.3 billion by 2011 and further it will grow to $2.1 billion by 2016, a CAGR of 10.4%.

The second-largest category is technical enzymes with revenues of about $1.1 billion in 2010 and nearly $1.2 billion in 2011. This market is further expected to grow to $1.7 billion by 2016, a CAGR of 8.2%.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Enzymes-Industrial-Applications-Focus-6905140/

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