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This study analyzes the world enzyme industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., carbohydrases, proteases, polymerases and nucleases, lipases), market (e.g., food and beverage, cleaning products, biofuel production, animal feed, pharmaceutical, research and biotechnology), world region and major country. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.
World demand to increase 6.4% annually through 2017
World enzyme demand is forecast to rise 6.4 percent per annum to $6.9 billion in 2017. Increasing per capita incomes in developing countries will help fuel strong gains in consumer-related industrial applications such as food and beverages, animal feed, and cleaning products. Technological advances in DNA manipulation that result in lower DNA sequencing costs will continue to drive above average growth in research and biotechnology, as well as diagnostic enzyme demand, primarily in developed countries where new uses for DNA manipulation continue to be discovered. However, the enzyme industry will face challenges in the large biofuel market as rising public opposition to firstgeneration biofuels and delays in the widespread commercialization of next generation biofuel technologies limit advances.
Developing areas to be key drivers of rising enzyme use
Through the forecast period, a key driver of expanded enzyme use will be the growing middle class population in countries such as China and India. Rising per capita incomes will support the growing use of enzymes in consumer goods, including detergents and food products, as consumers increasingly adopt western style diets and switch to higher performing (and higher cost) products that make greater use of enzymes. Rising meat consumption among the increasingly affluent middle class will lead to higher animal feed enzyme demand as farmers seek to maximize animal weight to satisfy strong demand. Additionally, growing manufacturing sectors in these countries will benefit a number of other industrial markets. Similar trends in Central and South America, Eastern Europe, Africa, and the Middle East will lead to above average gains in these regions as well. In developed economies advances in industrial enzyme demand will be more moderate as slower population growth and more mature market applications limit opportunities for strong gains. However, niche opportunities may arise as governments require greater use of green and sustainable products.
Biotech advances to drive specialty enzyme demand
Continued advances in biotechnology, particularly with respect to DNA manipulation and sequencing, will drive robust increases in specialty enzyme demand across all regions going forward, though the greatest gains will be in the developed countries of North America and Western Europe where much of the world’s research and biotechnology infrastructure is already in place. Rapidly falling DNA sequencing costs will continue to drive enzyme demand in the diagnostics and research and biotechnology markets by facilitating the development of new applications such as genetic-based drug prescription or pesticide selection. Advances in DNA-based technologies will also benefit biocatalyst demand as enzyme producers work to design custom enzymes that optimize specialty chemical production processes.
The slowest gains will be for biofuel production enzymes. As countries such as the United States see stagnant demand for motor fuels and reconsider mandating the diversion of food grains into the transportation industry, the outlook for first generation, grain-based biofuels will be weak. However, the long term promise of biofuel production from cellulosic biomass -- such as agricultural waste products -- will begin to emerge during the forecast period, although the market size is expected to remain small.
Profiles for 30 industry participants worldwide such as Danisco (DuPont), Novozymes, Roche and Royal DSM
This study covers the world market for enzymes, both industrial and specialty. Industrial markets include food and beverages, cleaning products (e.g., detergents), biofuel production, animal feed, and other (e.g., textiles and leather, starch processing). Specialty markets include research and biotechnology, diagnostics, and other (including biocatalysts and nutraceuticals). In addition, world enzyme demand is analyzed by enzyme type, including carbohydrases (amylases, cellulases, and other carbohydrases), proteases, polymerases and nucleases, lipases, phytases, and other enzymes.
Historical data for 2002, 2007, and 2012 and forecasts for 2017 and 2022 are provided for enzyme demand by market and product for six regions and 16 individual countries. Data are provided in US dollars unless otherwise indicated. The term “demand” refers to global demand, sales, or apparent consumption (including both merchant and captive consumption) and denotes production plus imports less exports. Demand is presented at the manufacturers’ level (and thus excludes intermediate markups at the wholesale and retail levels). Tabular details may not add to totals due to independent rounding, and ratios may be rounded for the sake of clarity.
Enzyme demand in certain markets and types may not be directly comparable to the previous version of this study as new enzyme products have been identified and accounted for. Re-evaluation of pricing data may also have shifted demand in other markets, most notably diagnostics and research and biotechnology. Additionally, enzymes used as active pharmaceutical ingredients (APIs), which had been previously covered, are now excluded from the scope of the study. Enzymes used as nutraceutical products (i.e., dietary supplements) are included.
Forecasts made regarding the biofuel production enzyme market take into account the possibility that the US and the European Union will enact reductions to their renewable energy mandates as currently specified, as a result of public concern about the impact of grain-based ethanol on food prices (among other issues). Additionally, while forecasts for biofuel production enzyme demand have taken into account the ongoing development of the cellulosic ethanol industry, a number of competing technologies are being pursued, not all of which will make use of enzymes. The degree to which cellulosic ethanol can be successfully commercialized, as well as the degree to which enzymes are employed in cellulosic ethanol production over the long term, will significantly impact cellulase and biofuel production enzyme demand.