Global Industrial Enzymes Market Report: 2012 Edition

Enzymes are known to play a crucial role as a metabolic catalyst in the development of life, since the advent of civilization. However, scientific research over a long period has discovered the actual functioning of enzymes, leading to their increased usage in various industries and applications. The market for industrial enzymes, world over, is projected to record CAGR of approximately 4.7% for the period spanning 2012-2014, mainly driven by development of new enzyme technologies and rising need for more environmental friendly and sustainable solutions in every aspect of life.

Rise in diverse needs like food, energy, etc. of growing population and urbanization in the world, an escalating demand for cosmetics with improvement in general economic conditions, besides expanding fuel ethanol market are the chief influences driving the upward market demand for industrial enzymes, all across the globe. Further, constant upgradations and innovations in the enzyme technology also helps widen the diversity of usages of enzymes and also their more efficient use in different applications. This in turn naturally converts into enhanced demand for industrial enzymes. However, rising energy and raw material costs and stringent regulatory measures by the governments also keep check on the unassailed growth of the industrial enzymes market.

The end use market for industrial enzymes is extremely wide spread with numerous industrial and commercial applications. Food & beverages and household care industries represent the largest application areas of enzymes, followed by animal feed, biofuels, textile, and other technical industries. The demand of industrial enzymes for use in the aforementioned sectors and various others is on continuous rise driven by growing need for sustainable solutions. In terms of major regions, Europe represents the largest market for industrial enzymes in the world, however, the developing economies of Asia Pacific and Africa and Middle East regions, among others, are emerging as the most promising markets for industrial enzymes.

The global industrial enzymes market is intensely competitive with Novozymnes being the largest player in the industry, followed by DSM, and DuPont, among others. The companies mainly compete on the basis of product quality, performance, use of intellectual property rights, and the ability to innovate, among other such factors.

The report provides an analysis of the global industrial enzymes market. It also discusses major developments, growth drivers and challenges for the market. The report presents the competitive structure of the industry and profiles major players in the market with a discussion of their key business strategies.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.