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Production of Industrial Enzymes Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities
Thursday, June 29, 2017
Enzymes are ideal catalysts—they are highly selective in nature and work under mild conditions. By combining the right enzymes with genetic engineering, enzyme companies have developed proteins that can work in harsh process environments, such as those that use solvents, salts and high temperatures. The world market for industrial enzymes is currently about $1.8 billion/year and growing by more than 20% per year.
Based on growth rate in India, the demand for enzyme is computed which is definitely higher than the production. An analysis of the market for enzymes from fermentation sources were estimated to account for about 80% of the total. The largest single enzyme market was for bacterial alkaline proteinases in detergents. Mocrobial proteinases accounted for 40% of the total market and gylcosidases for about 20%. Glucose isomerase commanded the largest non-hydrolase sales at 6% of the total market. The main user industries are detergents and starch, each with around 30% of sales, and dairy processing with about 15%. The Industrial enzyme market is growing steadily as most of the enzymes are produced by microorganisms in submerged cultures going by the biotechnology technique. Growing consumption of enzymes in the existing application areas, use of enzymes in the new industrial processes, strict enforcement of environment laws and cost savings were some of key drivers for the growth of this sector in India.
Few Major Players are listed below:
· Advanced Enzyme Technologies Ltd.
· Anil Bioplus Ltd.
· Concord Biotech Ltd.
· Fermenta Biotech Ltd.
· Precise Laboratories Pvt. Ltd.
Market Outlook
The industrial enzymes market is estimated to be valued at USD 4.61 Billion in 2016, and is projected to grow at a CAGR of 5.8% from 2017 to 2022.
India Industrial enzymes market is projected to surpass US$ 361 million by 2020 on account of increasing food processing facilities, tanneries and textile manufacturing facilities in the country. Industrial enzymes find application across various industries such as food and beverage, household care, animal feed, leather manufacturing, textile processing, pharmaceuticals, etc.
The global enzymes market size was USD 8.18 billion in 2015 and is expected to witness significant growth over the next eight years on account of its increasing application in detergents, pharmaceuticals, and food & beverages.
The industrial enzymes market and is projected to reach a value of USD 2.0 billion by 2020. With carbohydrates dominating the segment by type, it is projected to grow at the rate of around 7.5% between 2015 and 2020.
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