According to the current
analysis of Reports and Data, the global Food Enzyme market was valued at USD 2.75 Billion in 2019 and is
expected to reach USD 3.91 Billion by the year 2027, at a CAGR of 6.7 %.
Enzymes are a type of protein molecules that are available in all living
things. They speed up chemical reactions, in many cases increasing the rate of
reaction millions of times. They also help digestion, cut and metabolize waste
in humans and animals, as well as play a crucial role in muscle contraction.
Enzymes have been used in the production of food, like dough making. This is
done by removal from plants or animals or may be done by fermentation from
micro-organisms.
Increasing geriatric
population, the rising prevalence of gastrointestinal disorders, increasing
awareness about GI health, and focus on preventive health management are
contributing to the growth of the food enzyme market . Growing demand for
specialty enzymes such as pharmaceutical, diagnostics, research,
and biotechnology is expected to be one more factor driving the
growth. Growth of these animal-derived enzymes in various diseases or
conditions, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic
cancer boosts the growth of the market. Introduction of cold-adapted enzymes is
also one of the major factors that fuel the food enzymes market growth. Narrow
temperature and pH stability spectrum along with allergies associated with
protease and peptides and the public’s perception of probiotic and prebiotic
products as alternatives to digestive enzymes and stringent regulatory policies
are hampering food enzyme market growth.
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Competitive
Landscape:
The research report offers details about
leading companies in the global Food Enzymes market along with global position,
financial standing, license agreement, products and services portfolio and
revenue contribution of each market player. Key players in the market are
focusing on adopting various strategies such as mergers and acquisition,
business expansion plans, new product launches, partnerships, collaborations,
joint ventures to enhance their product base and gain robust footing in the
market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2027.
Some
of the Leading Market Players Are Listed Below:
· Associated
British Foods Plc,
· Advanced
Enzyme Technologies,
· Amano
Enzyme Co., Ltd.,
· BASF,
· Chr.
Hansen Holding A/S,
· DowDuPont,
· Kerry
Group PLC,
· Novozymes,
· Royal
DSM N.V.,
· Aum
Enzymes.
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Market Segmentation:
Food
Enzymes Market Segmentation based on Types:
- Carbohydrase
- Protease
- Lipase
- Polymerases
- Nucleases
Food Enzymes Market
Segmentation based on Source
Outlook:
- Microorganisms
- Bacteria
- Fungi
- Plants
- Animals
Food Enzymes Market Segmentation based on Category Industry Outlook:
- Beverages
- Processed foods
- Dairy products
- Bakery products
- Confectionery products
- Others (meat, poultry, and fish tenderizing)
Food
Enzymes Market Segmentation based on Regions:
·
North America (U.S.,
Canada, Mexico)
·
Europe (Germany, U.K.,
France, Italy, Spain, Benelux, Rest of Europe)
·
Asia Pacific (China,
India, Japan, South Korea, Rest of Asia Pacific)
·
Latin America (Brazil,
Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key
Features of the global Food Enzymes Market:
·
The report offers
detailed estimations at the regional level with manufacturers, consumption,
sales and import/export dynamics.
·
The report provides
accurate details related of the manufacturers/vendors in the market, company
overview, pricing analysis, financial standing, product portfolio, and gross
profit of leading companies.
·
Company profiling with
prevalent expansion strategies, revenue generation, and recent developments.
·
Optimum strategic
initiatives for new players in the market.
·
Manufacturing processes,
suppliers, cost, rates of production and consumption, transport mode and cost
structuring, and value chain analysis.
·
The study also includes
supply chain trends, including elaborate descriptions of the latest
technological development
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