I have been thinking about the sources of innovation in the enzyme industry. It is, after all, a $4.8 billion industry world-wide, certainly large enough to attract the attention of businesses looking for markets to expand into.
Where are the new products originating? What is driving innovation in the enzyme field? Where should we be looking for future innovation and creativity?
I got a few clues in putting together a list of the top 10 new enzyme products. These are all enzymes developed or launched in the past 12-18 months.
Here is what I found.
One company–Novozymes has been stalwart. Four of my top 10 picks originated from the the R & D of this single company. Kudos to this engine of innovation in enzymes. Novozymes doesn’t control 48% of the world market in enzymes for no reason.
So, the industry leaders are the source of a lot of innovation—but not all. Four of the top 10 new enzyme products also came from the R & D efforts of smaller companies. These so-called SMEs (Small and Medium Enterprises) are also an important contributor of new ideas that are leading to commercial products. It is crucial that this creativity be encouraged. Even if many of these companies fail–and they do–the successes that are brought about collectively from the smaller companies injects new ideas and stimulates innovation in the the industry overall.
I also came across one new, innovative enzyme, not yet commercialized, that shows the power of modern biotechnology to create enzymes with performance characteristics that surpass those of any enzyme previously developed. This product, which I would say is on the cusp of commercialization, demonstrates the potential of enzymes to positively impact the world in the future.
If I have piqued your interest, please feel free to comment– or go here to learn more: 10 Best New Enzyme Products