Albany, NY -- (SBWIRE) -- 11/05/2014 -- Industrial enzymes are molecules or complex proteins that help in catalysis of biochemical reactions. Industrial enzymes have the characteristics of reducing the energy consumption of a reaction without being consumed in the reaction. On the basis of product type, industrial enzymes market can be segmented as lipase, carbohydrase and protease. On the basis of its applications, industrial enzymes market is segmented into four segments including food & beverages, bio fuel, cleaning agents and other applications including animal feed. Food & beverages is the most dominant application segment for industrial enzymes and this trend is anticipated to continue for a foreseeable future.

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North America followed by Europe dominates the global demand for industrial enzymes. Moreover, market shares of North America and Europe are anticipated to decline in the near future primarily owing to relatively high growth in Asia Pacific and RoW region. Increasing demand for bio fuel is expected to be foremost factors driving demand for industrial enzymes in North America and Europe. Asia Pacific is the third largest market for industrial enzymes. Moreover, Asia Pacific comprises two of the largest countries in terms of population, India and China leading to huge demand for food & beverages in the region. Furthermore, high GDP growth and increasing disposable income in the emerging economies of Asia Pacific is expected to drive demand for industrial enzymes in the region. Owing to aforementioned factors, Asia Pacific is anticipated to be the fastest growing geographic segment for industrial enzymes during the forecast period. High growth in developing economies of South America and Africa are anticipated to offer huge growth opportunity for industrial enzymes in the near future.

Some of the key players in industrial enzymes market include Amano Enzyme Inc., Novozymes, BASF SE, Dyadic International Inc., E. I. du Pont de Nemours and Company, Codexis Inc. and The Soufflet Group among others.

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North America followed by Europe dominates the global demand for industrial enzymes. Moreover, market shares of North America and Europe are anticipated to decline in the near future primarily owing to relatively high growth in Asia Pacific and RoW region. Increasing demand for bio fuel is expected to be foremost factors driving demand for industrial enzymes in North America and Europe. Asia Pacific is the third largest market for industrial enzymes. Moreover, Asia Pacific comprises two of the largest countries in terms of population, India and China leading to huge demand for food & beverages in the region. Furthermore, high GDP growth and increasing disposable income in the emerging economies of Asia Pacific is expected to drive demand for industrial enzymes in the region. Owing to aforementioned factors, Asia Pacific is anticipated to be the fastest growing geographic segment for industrial enzymes during the forecast period. High growth in developing economies of South America and Africa are anticipated to offer huge growth opportunity for industrial enzymes in the near future.

Some of the key players in industrial enzymes market include Amano Enzyme Inc., Novozymes, BASF SE, Dyadic International Inc., E. I. du Pont de Nemours and Company, Codexis Inc. and The Soufflet Group among others.

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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include:

North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry

players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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