Global Industrial Enzyme Market Size Grew at the CAGR of 5.7%
In 2007-2013, the global industrial enzyme market size grew at the CAGR of 5.7%, reaching USD4.04 billion in 2013, 1.4 times that in 2007. The global industrial enzyme market is monopolized by a small number of large enterprises with R & D and market dominance. Novozymes, the world's largest enzyme preparation R & D and manufacturing company, possesses more than 45% share in the global market always.
In 2013, China’s industrial enzyme output jumped by 8% year on year to 1.0588 million tons. At present, enzyme preparation is used widely in brewing, washing and other industries; it shows potentials in starch processing, feedstuff and other sectors; its application in papermaking, textile and others just arises, but with a promising prospect. In 2013, Novozymes and other world-renowned companies aggressively expanded the Chinese market; VTR, Youteer and other local companies also raised capacity vigorously.
In 2008-2013, the gross margin of the global and Chinese major enzyme preparation enterprises remained at 30%-50%. Compared with well-known international companies, Chinese enterprises are backward in technology and R & D; their products are mainly used in the feedstuff field, while partly in textile, papermaking and other industries, reflecting weak market competitiveness.
In 2014-2016, the global industrial enzyme market size will continue to grow; but affected by the slowdown of emerging economies, the growth rate of the market will decline to some extent.
In 2007-2013, the global industrial enzyme market size grew at the CAGR of 5.7%, reaching USD4.04 billion in 2013, 1.4 times that in 2007. The global industrial enzyme market is monopolized by a small number of large enterprises with R & D and market dominance. Novozymes, the world's largest enzyme preparation R & D and manufacturing company, possesses more than 45% share in the global market always.
In 2013, China’s industrial...