C h a p t e r 1

Executive Summary

Market Overview 1-1

Introduction to the U.S. Food and Feed Enzymes Market 1-1

U.S. Food Enzymes Market 1-1

U.S. Feed Enzymes market 1-2

Summary of the Major Findings 1-2

Market Growth and Opportunities 1-2

Strategic Analysis of the U.S. Food Enzymes Market 1-3

Key Industry Challenges 1-4

Strategic Analysis of the U.S. Starch and Sugar-processing Enzymes Market 1-4

Mark et D r i v er 1-4
Mark et Res t rain t 1-4
Strategic Analysis of the U.S. Dairy Enzymes Market 1-4

Mark et D r i v er 1-4
Mark et Res t rain t 1-4
Strategic Analysis of the U.S. Bakery Enzymes Market 1-5

Mark et D r i v er 1-5
Mark et Res t rain t 1-5
Strategic Analysis of the U.S. Fruit-processing Enzymes Market 1-5

Mark et D r i v er 1-5
Mark et Res t rain t 1-5
Strategic Analysis of the U.S. Wine-making Enzymes Market 1-5

Mark et D r i v er 1-5
Mark et Res t rain t 1-5
Strategic Analysis of the U.S. Brewing Enzymes Market 1-6

Mark et D r i v er 1-6
Mark et Res t rain t 1-6

Strategic Analysis of the U.S. Feed Enzymes Market 1-6

Key Industry Challenges 1-6

Strategic Analysis of the U.S. Phytase Market 1-6

Mark et D r i v er 1-6
Strategic Analysis of the U.S. Non-phytase Market 1-7

Mark et D r i v er 1-7

Total U.S. Food and Feed Enzymes Market: Competitive Analysis 1-7

Competitive Analysis: Total Food Enzymes Market 1-7

Competitive Analysis: Total Feed Enzymes Market 1-7

C h a p t e r 2

Strategic Analysis of the Total U.S. Food and Feed Enzymes Market

Market Overview 2-1

Introduction 2-1

Scope of Research 2-2

Food Enzymes 2-2

Feed Enzymes 2-2

Revenue Forecasts for the Total U.S. Food and Feed Enzymes Market 2-3

Market Engineering Measurement Analysis 2-3

Revenue Forecasts 2-4

Application Analysis 2-5

Food As Against Feed 2-5

C h a p t e r 3

Strategic Analysis of the Total U.S. Food Enzymes Market

Introduction to the Market 3-1

Introduction 3-1

Recent Developments 3-1

Enzyme Sources 3-2

Pl an ts 3-2
A n im al C ells and Ti ssu es 3-2
Micr o-organism s 3-2

Market Overview 3-3

Company Profiles of Key Participants 3-4

Examples of Technology Developments 3-14

Use of Cross-Linking Enzymes For Improvement of Textural and other Properties of Food 3-14

Enzymatically-modified Whey Protein and other Protein-based Fat Replacers 3-14

Enzymatic Production of Bio-active Peptides 3-14

Production of Flavors, Flavor Enhancers, and other Protein-based Speciality Products 3-14

Use of Enzymes to Attain Flavors and other Value-added Products from Sucrose 3-14

Production of Novel Lipids with Functional Health Benefits 3-15

Mergers and Acquisitions 3-15

Joint Ventures and Alliances 3-15

Challenges Facing the U.S. Food Enzymes Market 3-16

Challenges 3-16

U.S. Food Enzymes Market 3-16

We akness of the D o lla r 3-16
Maint a in i n g M a n u f a cturer s’ Mar g i n s, d e spite the Increa s in g
En er g y C o s t s and S t r o n g C o m petiti on 3-16
U.S. Bakery Enzymes Market 3-17

D epen dence on Lim i ted N u m b er of A pplic a t ions N arr ow s Scope for G r o w th 3-17
Lon g er D e velopm ent Peri o d Ham per s Intr od uction of New Pr od ucts 3-17
U.S. Wine –making and Brewing Enzymes Market 3-18

R ela tive P r iority t o Tr a d itional M ethods o v er En zy m e s 3-18
U.S. Fruit – Processing Enzymes Market 3-19

Th rea t fr om C h in ese Inter vention 3-19

Forecasts for the Total U.S. Food Enzymes Market 3-20

Market Engineering Measurement Analysis 3-20

Revenue Forecasts 3-21

Competitive Analysis 3-22

Competitive Structure 3-22

Market Share Analysis 3-24

C h a p t e r 4

Strategic Analysis of the Starch and Sugar-processing Enzymes Market

Market Overview 4-1

Market Overview and Definitions 4-1

Market Engineering Measurement Analysis 4-3

Forecasts and Trends 4-4

Market Drivers 4-4

Steep Increase in Sales of Starch-processing Enzymes due to Growth of Corn Sweetener Industry 4-4

Increased Usage of Enzymes as Substitute for Acid Hydrolysis in Making Corn Sweeteners 4-5

Usage of Enzymes Sharply Increasing due to Rising Use of Wheat Starch 4-6

Market Restraints 4-6

Customer’s Market Consolidation Limiting Price Growth 4-7

Process Improvements Reducing Enzyme Consumption 4-7

Revenue Forecasts 4-8

Pricing Analysis 4-10

Product Analysis 4-10

Novozymes N.A. 4-10

Danisco A/S (after acquiring Genencor International) 4-11

Application Analysis 4-12

Competitive Analysis 4-13

Competitive Structure 4-13

Market Share Analysis 4-14

C h a p t e r 5

Strategic Analysis of the Dairy Enzymes Market

Market Overview 5-1

Market Overview and Definitions 5-1

Market Engineering Measurement Analysis 5-3

Forecasts and Trends 5-4

Market Drivers 5-4

Increase in Population Forces Growth in Coagulants Market 5-4

Continued Demand for Lactose-free Products Increasing the Need for Lactase 5-5

Advancement of Genetic Engineering Technology Yielding Novel Enzymes for Flavor and

Yield Enhancement in Cheese 5-5

Increasing Popularity of Whey Boosting Proteases’ Sales 5-6

Market Restraints 5-6

Increase in Consolidation among Customers Decreasing Manufacturers’ Production Margins 5-6

Revenue Forecasts 5-7

Pricing Analysis 5-8

Product Analysis 5-9

Chr. Hansen 5-9

DSM 5-10

Degussa A/G 5-10

Danisco A/S 5-10

Novozymes 5-10

Amano Enzymes USA Co. 5-10

Application Analysis 5-11

Functions of Enzymes in Cheese Production 5-11

C oa gula t i o n 5-11
Pr evention of C o nt am ina t ion in C h eese 5-11
Pr otei n Hydr oly s i s 5-11
Other Applications 5-12

Hydr oly s is of La ct os e 5-12

Competitive Analysis 5-12

Competitive Structure 5-12

Market Share Analysis 5-13

C h a p t e r 6

Strategic Analysis of the Bakery Enzymes Market

Market Overview 6-1

Market Overview and Definitions 6-1

Market Engineering Measurement Analysis 6-3

Forecasts and Trends 6-4

Market Drivers 6-4

Increasing Demand for the Whole-grain and High-fiber Bread Products Driving Bakery Enzyme Sales 6-4

Enzymes Continuing Trend as Replacers to Emulsifiers in Baked Goods Driving the Market 6-5

Growth in the Small Bakery Segments fuel Growth of the Enzymes Market 6-5

Market Restraints 6-6

Declining Sales of Bread due to High–Carb Concerns 6-6

Market Consolidation Leads to Increased Bargaining Power for the Customers 6-7

Revenue Forecasts 6-7

Pricing Analysis 6-9

Product Analysis 6-9

Novozymes A/S 6-9

Danisco A/S 6-11

DSM 6-11

B akez y m e ® 6-11
Others 6-12

Application Analysis 6-12

Competitive Analysis 6-13

Competitive Structure 6-13

Market Share Analysis 6-14

C h a p t e r 7

Strategic Analysis of the Brewing Enzymes Market

Market Overview 7-1

Market Overview and Definitions 7-1

Amyloglycosidases 7-1

Proteases 7-2

Other Enzymes 7-2

Bet a -glucana s es 7-2
A l p h a- ace to l actat e d e c a r b o xy l a s e , o r A C D L 7 - 2

Market Engineering Measurement Analysis 7-2

Forecasts and Trends 7-4

Market Drivers 7-4

Poor Quality and Increasing Costs of Barley Helping Enzymes Market 7-4

Growth in the Low-calorie Beer Market Driving Enzyme Volume Sales 7-5

High Energy and Raw Material Costs Impacting Enzyme Prices 7-5

Increasing Demand of Niche Beer Market Segments Driving Growth in Enzyme Market 7-6

Market Restraints 7-6

Competition from Imported Regular and Light Beer Brands Reducing Enzymes’ Domestic Usage 7-7

Consumer Preference Shift to other Alcoholic Beverages Limiting Enzyme Sales 7-7

Consolidated End-user Market Restraining Enzymes’ Price Growth 7-7

Revenue Forecasts 7-8

Pricing Analysis 7-9

Product Analysis 7-10

Novozymes N.A. 7-10

Danisco A/S 7-10

Kerry group 7-11

Application Analysis 7-11

Competitive Analysis 7-12

Competitive Structure 7-12

Market Share Analysis 7-12

C h a p t e r 8

Strategic Analysis of the Fruit-processing Enzymes Market

Market Overview 8-1

Market Overview and Definitions 8-1

Market Engineering Measurement Analysis 8-2

Forecasts and Trends 8-3

Market Drivers 8-3

Enzymes Replacing Harmful Chemicals Fuelling Enzyme Market 8-3

Growth of Functional Fruit Juice Market Driving Enzyme Sales 8-4

Market Restraints 8-4

Low-carbohydrate Trend Negatively Impacting Fruit-juice Consumption 8-4

Customer-base Consolidation Negatively Affecting Enzyme Prices 8-5

Competition among Market Participants Keeping Enzyme Prices Low 8-5

Revenue Forecasts 8-5

Pricing Analysis 8-7

Product Analysis 8-7

DSM 8-7

Novozymes N.A. 8-8

Danisco A/S 8-9

AB Enzymes 8-9

Valley Research 8-9

Application Analysis 8-9

Apple and Pear Processing 8-10

J u ic e E x t r act i o n 8- 1 0
C l a r ific a t ion and F i ltr a t ion Im pr ov em ent (D epec tin i s a ti on and D e st ar chi n g) 8-10
Berry and Grape-processing 8-10

Citrus Fruit Processing 8-11

J u i c e E x tra c t ion a n d D epec tinis a tion 8-11
Pr evention of C l oud Loss 8-11
Cla r ific a t ion of L e m o n J u ic e 8-11
D e bitter in g of G r a pefr uit and Bitter Ora n ge J u ic e 8-11
Pr e-peeling 8-11
O t h e r A pplica tions 8-11
Fr u i t Fir m in g 8-12
Tropical Fruit Processing or Nectar Base Production 8-12

Vegetable Processing 8-12

Olive Oil Extraction 8-12

Competitive Analysis 8-13

Competitive Structure 8-13

Market Share Analysis 8-13

C h a p t e r 9

Strategic Analysis of the Wine-making Enzymes Market

Market Overview 9-1

Market Overview and Definitions 9-1

White Wine Vinification Steps 9-2

Red Wine Vinification Steps 9-2

Maceration 9-2

Clarification and Filtration 9-3

Aroma and Color Extraction and Improvement 9-3

Market Engineering Measurement Analysis 9-4

Forecasts and Trends 9-5

Market Drivers 9-5

Growth in Bulk Wine Consumption Boosting Enzyme Sales 9-5

Growth in the Medium and Premium-priced Wine Market Driving Enzyme Market 9-6

Market Restraints 9-6

Competition among Market Participants Keeping Enzyme Prices Low 9-7

Market Consolidation Leading to Increased Bargaining Power for Customers 9-7

Revenue Forecasts 9-7

Pricing Analysis 9-9

Product Analysis 9-10

Novozymes N.A. 9-10

DSM 9-10

Danisco A/S 9-10

AB Enzyme 9-10

Valley Research 9-11

Application Analysis 9-11

Competitive Analysis 9-11

Competitive Structure 9-11

Market Share Analysis 9-12

C h a p t e r 1 0

Strategic Analysis of the Total U.S. Feed Enzymes Market

Introduction to the Market 10-1

Introduction 10-1

Application 10-2

Market Overview 10-2

Definitions 10-2

Am yl a s e s 10-2
Bet a -glucana s e 10-3
C ellula s e s 10-3
Hem i cellula ses 10-3
Li pa ses 10-3
Pe ctin a s e 10-3
Pr otea ses 10-3
P h ytas e 10-3

Company Profiles of Key Participants 10-4

Key Acquisitions and Alliances 10-8

Challenges Facing the Total U.S. Feed Enzymes Market 10-9

Challenges 10-9

Limited New Products Reducing Market Potential 10-9

Restricted Use of Wheat and Barley in Animal Feed Providing Limited Scope for Enzyme Usage 10-9

Forecasts for the Total U.S. Feed Enzymes Market 10-10

Market Engineering Measurement Analysis 10-10

Revenue Forecasts 10-11

Competitive Analysis 10-12

Competitive Structure 10-12

Market Share Analysis 10-14

C h a p t e r 1 1

Strategic Analysis of the U.S. Non-phytase Enzymes Market

Market Overview 11-1

Market Overview and Definitions 11-1

Market Engineering Measurement Analysis 11-1

Forecasts and Trends 11-3

Market Drivers 11-3

Distillers Dried Grains with Solubles (DDGS) Grade of Feed Grain Providing New Space for

Development in Non-phytase Enzymes 11-3

Added Functionalities Encouraging the Usage of Enzymes as a Full-fledged Replacement for Antibiotics 11-3

Revenue Forecasts 11-4

Pricing Analysis 11-5

Product Analysis 11-6

Application Analysis 11-6

Competitive Analysis 11-6

Competitive Structure 11-6

Market Share Analysis 11-7

C h a p t e r 1 2

Strategic Analysis of the U.S. Phytase Enzymes Market

Market Overview 12-1

Market Overview and Definitions 12-1

Market Engineering Measurement Analysis 12-1

Forecasts and Trends 12-2

Market Drivers 12-2

Increasing Concern for Environment Increases Feed Enzyme Appeal 12-3

Popularity of Phytase Expected to Stimulate Growth 12-3

Expected Increase in Demand for Poultry and Pork Meat Anticipated to Expand the Market for Phytase 12-4

Revenue Forecasts 12-4

Pricing Analysis 12-5

Product Analysis 12-6

Application Analysis 12-6

Competitive Analysis 12-6

Competitive Structure 12-6

Market Share Analysis 12-7

C h a p t e r 1 3

Database of Key Industry Participants

Key Industry Participants 13-1

Examples of Key Industry Participants 13-1

U.S. Food and Feed Enzymes Markets