SOURCE: MarketResearch.com

MarketResearch.com

February 22, 2012 05:08 ET

Market Research Projects Enzymes Market at $7.6 Billion by 2015

ROCKVILLE, MD--(Marketwire - Feb 22, 2012) - MarketResearch.com has announced the addition of the new report "World Enzymes," to their collection of Enzymes market reports. For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Enzymes-6738429/

With most countries having begun the process of recovering from the global financial crisis of 2009, world enzyme demand will rise at a healthy pace to reach $7.6 billion in 2015. Almost all markets will experience average annual growth rates in excess of five percent, with the exception of biofuel production and a few other small industrial enzyme markets. Reflecting the broad-based nature of the growth, demand will be strong for all enzyme types, especially smaller product categories.

From a regional perspective, the fastest increases will be in the smaller markets of Central and South America, and the Africa/Mideast region. The Asia/Pacific region will also undergo a rapid increase in enzyme demand due to strength in China and India. A moderating trend in the developed economies of North America and Western Europe will lead to healthy, though below average growth. In particular, North American enzyme demand will suffer from a slow transition to biomass-based biofuel production, while enzyme consumption in Western Europe will be held back by the impact of the European debt crisis.

Through 2015 world enzyme demand will average annual increases of 6.3 percent, led by animal feed and food and beverage enzymes, which will both benefit from the expansion of the middle class in rapidly developing economies. Diagnostics enzyme demand will also fare well due to expanded access to medical care in developing countries, and the advent of health care reform in the United States. With pharmaceutical companies having difficulty bringing new small-molecule drugs to market, biotechnology will continue to gain in importance, helping to sustain demand for research and biotechnology enzymes and drive robust growth in biocatalyst enzyme demand.

Among the other industrial enzyme markets, cleaning products will realize the strongest growth as new enzymes continue to be launched in developed countries, and greater market penetration is achieved in developing countries.

For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Enzymes-6738429/

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