Portland, OR -- (SBWIRE) -- 02/22/2018 -- Presently, enzymes are witnessing high demand in various industries such as biofuels, food and beverages and detergents. The growing popularity of enzymes for production of renewable fuels such as biodiesel, preference of enzymes for manufacturing mild detergents and rising adoption of enzymes in pharmaceutical formulations are the key factors fueling the market growth. In addition, the growing use of feed enzymes in animal nutrition would further boost the market growth. However, high sensitivity of enzymes to temperature and pH and risk of contamination would limit the overall market growth.

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Global Enzymes Market is expected to garner $5.4 billion by 2020, to register a CAGR of 7.8% during the forecast period 2015-2020. Enzymes have gathered a special attention in the recent years due to its potential application in the market such as food & animal feed, textiles and Surfactants, pharmaceuticals & biotechnology R&D and manufacturing and others (paper and pulp processing, leather processing and agriculture).

They are the proteins that act as biocatalysts to accelerate the reaction and produce the desired results in reactions. Their application in the manufacturing process, results in significant cost reductions due to limited energy (temperature) consumption, and better substrate activity has contributed to the increasing size of the enzymes industry, particularly non-starch polysaccharides globally.

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Carbohydrates enzymes segment held a dominant position in 2014 and would continue to lead over the forecast period. This is due to its wide range of applications in detergents and food & beverage industry for the degradation of carbohydrate rich compounds such as starch. However, polymerases & nucleases segment is projected to be the fastest growing segment owing to its growing utilization in biotechnology and pharmaceutical research.

Based on reaction, Hydrolases enzyme segment dominated the market with around 77.9% market share in 2014. This is due to the large scale use of hydrolytic enzymes for the hydrolysis of carbohydrates and proteins. Based on source, microorganism derived enzymes was the leading revenue generating segment (due to its feasibility for large scale production and wide range of applications) in 2014, accounting for around 3/5th of the overall market.

Enzymes Market Key Segments:
The Global Enzymes Market is segmented as below:

By Application
Food and Beverages
Household Care
Bioenergy
Pharmaceutical and Biotechnology
Feed
Others

By Source
Microorganisms
Animals
Plants

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