World Enzymes

Global demand for enzymes is forecast to grow on average 4.6 percent through 2020 to $7.2 billion. This market includes enzymes used in industrial applications (food and beverages, cleaning products, biofuel production, animal feed, and other markets) and specialty applications (research and biotechnology, diagnostics, and biocatalysts). Food and beverages will remain the largest market for enzymes by value, with gains driven by increasing consumption of products containing enzymes in developing regions. Almost all industrial markets will experience healthy growth, with the exception of biofuels. Specialty markets will experience even stronger growth, driven by changes in healthcare and the pharmaceutical industry. While demand for enzymes used in research and biotechnology and in diagnostics is forecast to post strong gains, the fastest growth will be seen for biocatalysts, particularly those used in the production of pharmaceuticals.