Reuters - 5 Dec 07

Prof. Robert B. Laughlin
Department of Physics
Stanford University, Stanford, CA 94305
(Copied 13 Oct 09)

BCC Research Report Indicates Global Market for Industrial Enzymes Worth $2.7 Billion

Wednesdasy, December 5, 2007

WELLESLEY, Mass.--(Business Wire)--According to a new technical market research report, Enzymes for Industrial Applications (BIO030E) from BCC Research (, the global market for industrial enzymes will be worth $2.3 billion in 2007. This is expected to increase to over $2.7 billion by 2012, a compound average annual growth rate (CAGR) of 4%.

The market is broken down into applications of technical, food and animal feed enzymes. Of these, technical enzymes have over 50% of the market. Valued at nearly $1.1 billion in 2007, this segment is expected to be worth $1.4 billion by 2012, a CAGR of 3.5%.

The second largest segment, food enzymes, was worth an estimated $830 million in 2007 and will reach $1.0 billion by 2012. This represents a CAGR of 4%.

The animal feed enzyme segment is currently worth $280 million and will be worth $375 million in 2012, a CAGR of 4%. The higher growth in this sector will be helped in part by the increased use of phytase enzymes to fight phosphate pollution.

With environmental and cost issues in conventional chemical processes being subjected to considerable scrutiny, biotechnology is gaining rapid ground as it offers several advantages over conventional technologies. Industrial enzymes represent the heart of biotechnology.

The field of industrial enzymes is now experiencing major research and development initiatives, resulting in the development of a number of new products and an improvement in the process and performance of several existing products.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (, 40 Washington Street, Suite 110, Wellesley, MA; Telephone: 866-285-7215, as the source and publisher, along with report number, which can be found immediately after the report title. Thank you.

Applications Sector 2005 2006 2007 2012 CAGR% (2007-2012)
Technical Enzymes 1,075 1,105 1,140 1,335 3.5
Food Enzymes 775 800 830 1,010 4.0
Animal Feed Enzymes 240 260 280 375 6.0
total 2,090 2,165 2,250 2,740 4.0
Source: BCC Research
Target Date: December 2007

BCC Research
Dawn Peters, 781-489-7301 x603
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