US enzyme market to diversify

Related tags Enzyme

New applications for enzymes should increase revenues, according to
a market report released this week. According to market research
company Frost...

New applications for enzymes should increase revenues, according to a market report released this week. According to market research company Frost & Sullivan​ the US enzyme market generated $128.7 million in 2000 and is forecast to reach $160.6 million in 2007. The report claims that enzymes will be used for a variety of new applications in the near future. Lipases, used in the synthesis of esters,will be employed in the modification and production of flavour in cheese. Nutraceuticals, which offer digestive benefits, are also gaining in popularity. Amylases and proteases are expected to find new applications as well. "In an industry where investment in research and development form one of the cornerstones of profitability, companies are under pressure to focus on their core strengths,''​ says Frost and Sullivan Analyst, Girish Solanki. ''Mergers and acquisitions have decreased the number of market participants and tightened competition.. Consolidation among customers has meant increased purchasing power for those that remain.''​ Frost & Sullivan claim that the report entitled "U.S. Enzymes in Food Applications Markets,'' analyses major segments of the markets for enzymes in food applications, includingstarch and sugar processing, dairy, and bakery applications. It also evaluates market drivers, restraints and k

Related topics Market Trends