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Economic Recovery Increases World Enzyme Demand

4:21 AM MST | January 10, 2012 | Sotirios Frantzanas

Global demand for enzymes is expected to rise by 6.8%/year to $8 billion in 2015. The increase in demand for enzymes reflects a continued rebound in the world economy. Most markets are expected to achieve growth rates higher than 5%/year, except enzymes for biofuel production, and a few other small industrial enzyme markets, according to a report by The Freedonia Group (Cleveland, OH). Smaller markets of Central and South America, and the Africa/Mideast are forecast to experience the fastest increases in enzyme demand. Asia/Pacific also is expected to undergo a...

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