Economic Impact and Advantages
In 2010, the global market for industrial enzymes was valued at $3.6 billion. Estimates of future demand vary, with future markets of $6 billion- $8 billion expected between 2015 and 2016. The growth in demand for industrial enzymes will come from several sectors. The fastest regional growth will be in the smaller markets of Central and South America and the Africa and the Middle East.
IB & Advanced Biofuels
Advanced biofuels are derived from biomass materials which are contained in agricultural land and forestry residues. The residual biomass is derived from, for example, waste wood and straws. This new market for discarded products can subsequently help increase farmer and landowner incomes and boost rural employment. Other waste materials such as municipal solid wastes can also be used for biobased product manufacturing and have the potential to simultaneously help avoid landfill and generate added value.
IB & Food Production
For centuries now, enzymes have played a key role in food production: they are used to improve both the production processes and the product quality. In addition, the digestibility of nutrients can also be enhanced with the help of enzymes.
A wide range of food and feed products use industrial biotechnology. These include everyday foods such as cheese, where IB is used to replace animal rennet; fruit juices, where it is used to improve clarity; and baby foods, where it is used to pre-digest foods.
The use of industrial biotechnology tools can improve food and feed processing. Enzymes can work under milder conditions, are more specialised than chemicals and often have less impact on natural flavors and colours than other processes while also producing fewer side products. As enzymes generally work at low temperatures, they contribute to lower energy consumption.
Example: By adding an enzyme called maltogenic amylase, which diminishes the crystallisation of starch, we can reduce the waste of bread by allowing it to stay fresh and moist longer. This effect has provided industrial bakeries with new opportunities for adapting their production and delivery setup. In this way, the food industry can save both money and energy while less bread is discarded which also implies a more efficient use of agricultural raw materials.