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Article Title: World enzyme demand to reach $7.2bn
Publication: Manufacturing Chemist, 7/4/2016
Freedonia Study: World Enzymes (3417)
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Global demand for enzymes is forecast to grow on average by 4.6% by 2020 to $7.2bn.
This market includes enzymes used in industrial applications (food and beverages, cleaning products, biofuel production, animal feed and other markets) and speciality applications (research and biotechnology, diagnostics and biocatalysts).
Food and beverages will remain the largest market for enzymes, with gains driven by increasing consumption of products containing enzymes in developing regions. These and other trends are presented in World Enzymes, a new study from The Freedonia Group, a Cleveland-based industry research firm.
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