Global enzyme market sees moderate growth

The latest report from Research and Markets indicates moderate growth for the enzyme market for food and beverage industry in the next five years. The market is forecast to hit $1.69 billion by 2018. According to the report, the market is highly consolidated with four major players accounting for 90 per cent.

Enzymes are an essential ingredient in many food and beverages, and demand is growing also as a result of increasing health awareness as well as a decline in application of emulsifiers. This is an opportunity for producers to develop more innovative enzymes.

The report also says that the industry is challenged by government regulation, e.g. enzymes have to be approved by the FDA before these can be applied in food processing. Other setbacks include a drop in bakery segment and increased cost of food and beverage processing enzyme feedstock.

To access the full report, click here.

Related link: A non-scientist’s guide to industrial enzymes - DuPont