Leaping up of consumer awareness about health and nutritional benefits of food enzymes is fueling up the growth of the food enzyme market. Also, shifting consumers’ preferences towards processed food is driving the food enzymes market demand, as per the observations of a fresh market research report from IndustryARC. The report has estimated the global food enzyme market size at $1,610 million in 2018 and notified the investors that the opportunities will propel at a compound annual growth rate (CAGR) of 5.90% during the forecast period of 2019 to 2025.
The IndustryARC’s business intelligence report is titled “Food Enzymes Market: By Type (Carbohydrases, Proteases, Lipases); By Source (Plants, Microorganisms, Animals); By Application (Beverage, Dairy Products, Bakery); By Geography (North America, Europe, APAC and Row) – (2019-2025).” Increasing per capita income and technological innovation in enzymatic food processing will spur demand in the food enzyme market over the forecast period.
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Global Food Enzymes Market: Leading Segments
North America had the largest share for the global food enzyme in 2018 with the regional market share of 34%. North Americans are distinctively dependent on healthy lifestyle and prefer nutritional processed foods in countries such as the United States and Canada. Additionally, middle–class families are being more dependent on the consumption of meat, which supports the dominance of the region.
Moreover, the key application segment in the food enzyme market is cited by IndustryARC’s analyst as bakery products, owing to the increasing disposable income amongst people in North America. The demand for application segment is projected to grow at a CAGR of 5.70% during the aforementioned forecast period.
Global Food Enzyme Market: Market Trends and Growth Drivers
· Clean Label
The food and beverage industry offers the most opportunities for the use of enzymes. The enzyme technology helps in improving the quality and nutrition of the product. However, it also helps the company in using clean labels with fewer additives for maintaining transparency.
· Enzyme in Baking and Lactose-Free Dairy
In the baking industry, food enzymes play a very vital role, as it improves the dough strength, softness, and dough strength. Eventually, it also increases the shelf life of all the bakery products. The low lactose dairy products have a substantial opportunity with the saphera ingredient, it helps to reduce the amount of added sugar while giving the same natural sweetness. This resonates that the food enzyme is an ever emerging market.
· Gluten-Free Baking
Enzymes have recently replaced gluten-free baking in the baking industry. Gluten-free products have less of nutrition and lack in the quality, however, enzymes support in improving the quality and standard of gluten-free varieties. They are even used as a digestive enzyme supplement which attracts more consumers.
· Companies Benefits from Fish Processing Enzymes
The fish enzymes have become more usable as it valorizes the byproducts and the processor can potentially generate more revenue from animal feeds, fish feeds, fertilizers, ingredient for pet food, and nutritional supplement. Enzymes enhance the quality of fish processing, hence, the demand for food enzyme has increased globally.
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Global Food Enzyme Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding a majority shares in the global food enzymes market are Royal DSM N.V, EI DuPont DE Nemours & Co, Novozymes A/S, Chr. Hansen A/S, Biocatalyst limited, AB enzymes GMBH, Kerry group, PLCAum Enzymes, Amano Enzyme Inc., and Enmex SA DE CV.
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Digestive Enzyme Supplements Market
Industrial Enzymes Market
What can you expect from the report?
The Food Enzymes Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Food Enzymes Market Size by Product Categories & Application
2. Food Enzymes Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Food Enzymes Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Food Enzymes Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Food Enzymes Market Strategic Analysis
18. Food Enzymes Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Food Enzymes Market Revenue and Volume Analysis
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