The market is broken down into applications of
technical, food and animal feed enzymes. Of these, technical enzymes have over
50% of the market. Valued at nearly $1.1 billion in 2007, this segment is
expected to be worth $1.4 billion by 2012, a CAGR of 3.5%.
The animal feed
enzyme segment is currently worth $280 million and will be worth $375 million in
2012, a CAGR of 4%. The higher growth in this sector will be helped in part by
the increased use of phytase enzymes to fight phosphate pollution.
|
Global enzymes market
based on application sectors ($millions) | |||||
|
Application
sector |
2005 |
2006 |
2007 |
2012 |
CAGR% 2007-2012 |
|
Technical Enzymes |
1,075 |
1,105 |
1,140 |
1,355 |
3.5 |
|
Food Enzymes |
775 |
800 |
830 |
1,010 |
4.0 |
|
Animal Feed Enzymes |
240 |
260 |
280 |
375 |
6.0 |
|
Total |
2,090 |
2,165 |
2,250 |
2,740 |
4.0 |
Related website:
BCC Research
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