An enzyme is a protein molecule that is a biological catalyst with three characteristics - firstly, to increase the rate of a reaction, secondly to act specifically with only one reactant (called a substrate) to produce products and the third and the most remarkable characteristic is that enzymes are regulated from a state of low activity to high activity and vice versa. Being specific in nature, enzymes are required to operate under certain substrate concentrations, chemical environment and temperatures.
The global market for enzymes will reach $8.5 billion in 2015. Moreover, the emerging economies of North America and Western Europe will achieve gains; while rapid growth will continue from emerging economies of Asia Pacific, Africa, Latin-America, and Eastern Europe.
The demand for enzymes is driven due to the global increase in demand for enzymes due to their high-performance, environment benefits, their use in food industry for fermentation, food processing, amino-acids and specialty foods and rapid increase in world energy prices which has made enzyme related processing and product more cost effective.
Among the other industrial enzyme markets, animal feed and cleaning products like the detergent market will realize the strongest growth as new enzymes continue to be launched; moreover greater market penetration is achieved in emerging economies. Bio-fuel production enzyme demand will moderate significantly.
While the increased use of enzymes in biodiesel and sugar cane-based ethanol production will support growth, the lack of new legislative mandates for grain-based ethanol will limit increases in the near future. Enzymes are used as a replacement for emulsifier and demand for it is growing more than 10.5 % per annum.
Our research report analyzes the enzymes market, providing critical data indicators such as drivers, restraints as well as current market opportunities and current market trends. Key companies like Chr.hansen, DSM, Novozymes, Biocon, Danisco have to analysis the changing market trends and uses of enzymes and the changing global economic situation resulting in different and innovative enzymes expected to be launched backed by new legislative guidelines.