Transparency Market Research has compiled data on the global biotechnology industry through various means and a wide array of reports. One such report is titled “Industrial Enzymes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” which calculates the scope a player has in this growing market.
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The primary driver of the global industrial enzymes market is the food and beverages industry. A growing number of consumers are demanding for convenience foods and packaged foods and beverages, which require large amounts of industrial enzymes.
The most common process of production in the global industrial enzymes market is fermentation. It is performed using bacteria and yeast along with other selective ingredients. In terms of the process of fermentation, players in the global industrial enzymes market usually employ solid state fermentation and submerged fermentation. Of these, solid state fermentation requires a solid substrate for the production of enzymes, while a suitable liquid medium is necessary for submerged fermentation. A process known as lysis is used for the extraction of the enzymes produced by microorganisms, whether the production is carried on through intracellular or extra-cellular means.
Most of the application avenues of the global industrial enzymes market are centered around the production of alcohol, cheese, and bread. There is a growing demand for most of these products across all regions, further propelling the global industrial enzymes market.
Another driver anticipated to become a major force for the growth of the global industrial enzymes market in the near future is the increasing demand for bio fuels. The global industrial enzymes market finds large-scale application in the production of bio fuels. Therefore, this market can receive large government incentives due to the environmental benefits associated with the use of green fuels.
Geographically, the global industrial enzymes market is dominated by North America. Europe is the second-largest region in the market. However, both regions are expected to exhibit a slower rate of activity in the coming years due to market saturation and a steady shift towards healthy foods. At the same time, the rapidly developing Asia Pacific market is expected to make up a larger share in the future owing to an increasing demand for packaged foods. Currently, Asia Pacific is the third-largest region in the global industrial enzymes market and is the fastest growing region owing to a high population density in countries such as India and China, along with an improving GDP.
The key players in the global industrial enzymes market are The Soufflet Group, Codexis Inc., E. I. du Pont de Nemours and Company, Dyadic International Inc., BASF SE, Novozymes, Amano Enzyme Inc.
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