New report shows major growth for enzymes through 2017

January 28, 2014 |

In Texas, RnRMarketResearch.com adds “World Enzymes to 2017” to its store. 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.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 first generation biofuels and delays in the widespread commercialization of next generation biofuel technologies limit advances.

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Category: Fuels

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