SAN FRANCISCO, June 9, 2016 /PRNewswire/ --
The global enzymes market is expected to reach USD 17.50 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for enzymes in food & beverage products as they improve quality and eliminate deficiencies in the products is expected to propel industry growth in the near future.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
Increasing demand for bioethanol and biodiesel in emerging economies including India, Brazil, and Thailand will augment industry growth over the forecast period. Growing number of government investments along with R&D activities in industrial enzymes will drive demand over the next eight years.
Rising population along with rising living standard will drive processed foods demand, which in turn will stimulate industry expansion. In addition, emerging protein design algorithms, along with growing inexpensive DNA sequencing technology will open new market avenues over the next seven years.
Carbohydrases accounted for 47.7% of the global market share in 2015, dominating the enzymes industry and the segment is expected to show significant growth in light of high usage in animal feed, textile, food & beverages, and pharmaceutical applications. Moreover, mounting usage of artificial sweeteners, prebiotic products, and juices is expected to fuel product demand over the forecast period.
Browse full research report with TOC on "Enzymes Market By Type (Industrial, Specialty), By Product (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), By Application (Food & Beverages, Detergents, Animal Feed, Textile, Paper & Pulp, Nutraceutical, Personal Care & Cosmetics, Wastewater, Research & Biotechnology, Diagnostics, Biocatalyst) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/enzymes-industry
Further key findings from the report suggest
Grand View Research has segmented the global enzymes market on the basis of type, product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - ni2014.org , grandviewresearch.com/blogs/specialty-and-fine-chemicals
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Share this article