Industrial enzymes market estimated to grow to US$6 billion

The global market for industrial enzymes was valued at $3.1 billion in 2009 and reached about $3.6 billion in 2010. The estimated market for 2011 is about $3.9 billion.

 

Food and beverage enzymes comprise the largest segment of the industrial enzymes industry with revenues of nearly $1.2 billion in 2010. This market is expected to reach $1.3 billion by 2011 and further it will grow to $2.1 billion by 2016, a CAGR of 10.4%.

 

The second-largest category is technical enzymes with revenues of about $1.1 billion in 2010 and nearly $1.2 billion in 2011. This market is further expected to grow to $1.7 billion by 2016, a CAGR of 8.2%.

 

For more information on this new report "Global Markets for Enzymes in Industrial Applications – Focus on Europe," visit http://www.marketresearch.com/BCC-Research-v374/Global-Enzymes-Industrial-Applications-Focus-6905140/