World Market for Industrial Enzymes to Exceed $2.9 Billon by 2012 According to a New Report by Global Industry Analysts Inc.



United States is projected to be the fastest growing regional market for industrial enzymes with a CAGR of 5% over the years 2001 through 2010 whereas Europe is the largest regional market with an estimated share of 30.93% in 2008. Industrial enzyme sales in Asia-Pacific are estimated at US$327 million in 2008. Lipases, the fastest growing segment driven by its growing applications in the detergent and cosmetics markets, is projected to post a CAGR of 9.13% over the years 2001 through 2010 while Proteases is the largest product segment with an estimated share of 57.03% in 2008.

Food and feed constitutes the largest end-use segment for Industrial enzymes (http://www.strategyr.com/Industrial_Enzymes_Market_Report.asp), with global sales estimated at US$1.13 billion in 2008. Food and beverage, arguably the largest market for enzymes, is expected to maintain the leading end-use position by expanding applications into other areas such as dairy processing besides matured areas such as baking. In the coming years, pharmaceutical companies would represent one of the fastest-growing end-use segments driving the enzymes market growth. The development of new and novel drugs regularly by pharmaceutical firms to treat lysomal storage ailments combined with players's sustained investments in biotechnology research programs is expected to encourage the enzymes market in a major way.

The report titled Industrial Enzymes: A Global Strategic Business Report published by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, markets trends, key markets worldwide, product overview, product introductions/innovations, and recent industry activity. The report analyzes market data and analytics in value sales for regions such as the United States and Europe, besides markets with rapid growth potential such as Asia-Pacific, Middle East and Latin America. The study analyzes the Industrial enzymes market by the following product segments -- Carbohydrases, Proteases, Lipases, and Others. End-use segments independently analyzed include Food 's38; Feed, Detergents, Textiles, Leather, Pulp 's38; Paper, and Others. Global and regional majors profiled include Novozymes A/S, Genecor/Danisco, DSM, BASF AG, and AB Enzymes GmbH, besides others. Market size estimates and projections are presented in terms of annual sales in US$ over the years 2001 through 2010. Long-term projections are presented over the years 2011 through 2015.

For more details about this research report, please visit http://www.strategyr.com/Industrial_Enzymes_Market_Report.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.StrategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world'ss largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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World Market for Industrial Enzymes to Exceed $2.9 Billon by 2012 According to a New Report by Global Industry Analysts Inc.