Food Enzymes Market: Share, Size, Competitive Strategies and Forecast 2017 – 2024

Food Enzymes Market to exceed $3.6bn by 2024:
Global Market Insights Inc.
The research report “Food Enzymes Market Size By Product (Proteases, Lipases,
Carbohydrases [Amylases, Xylanases/Hemicellulase, Cellulase, Pectinase,
Lactases], Polymerases & Nucleases, Phytases, Catalases), By Application
(Beverages, Processed Food, Dairy, Bakery, Confectionary), Industry Analysis
Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market
Share & Forecast, 2017 – 2024.” says, Food enzymes Market size will surpass USD
3.6 billion by 2024.
Increasing consumer awareness regarding nutritional benefits offered by enzymes has
resulted in increased product demand, thus driving the food enzymes market
penetration. The strong application outlook for the food & beverage industry for
product quality enhancement along with high acceptance from the bakery and
confectionery applications to bread quality standardization and flour reduction level
will escalate demand. Numerous food processing units are extensively using these
additives to attain environment-friendly processes, as these extracts are used as
biocatalysts to increase the production rate. This leads to a considerable reduction in
raw material wastage, resulting in shifting preference of the end-users. Several
applications such as bakery, dairy, and confectionary are witnessing high adoption of
protease, lactase, and carbohydrase owing to rising demand for extended product
shelf-life and uniformity.
F&B industry has witnessed various trends, significantly impacting the global market
growth. Fermentation of food is an emerging trend, that has gained traction among the
industry participants. These products are fermented, that results in creation of a
number of enzymes, intensifying their strength. Moreover, high usage of these
additives for stabilizing the beverages and minimizing the off-odors will instigate
immense growth potential in the coming years. However, excessive R&D costs and
strict and critical guidelines to handle enzymes production and usage may hamper the
industry growth over the next eight years.
Carbohydrases will acquire a major share in the industry crossing USD 1.8 billion sales
by 2024. Growing demand for prominent carbohydrases type such as amylase,
pectinase, lactase, and cellulase will remain a key factor driving demand. These
ingredients are significant in F&B industry and witness high consumption regularly.
Phytase will exhibit over 7% CAGR till 2024 owing to its benefits in absorption of vital
materials including magnesium and calcium, as well as and reduction of phytic acid.
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North America Proteases Enzymes Market, By Application, 2016 &
2024, (Kilo tons)
Browse key industry insights spread across 500 pages with 1891 market data tables
& 9 figures & charts from the report, “Food Enzymes Market Size By Product
(Proteases, Lipases, Carbohydrases [Amylases, Xylanases/Hemicellulase,
Cellulase, Pectinase, Lactases], Polymerases & Nucleases, Phytases,
Catalases), By Application (Beverages, Processed Food, Diary, Bakery,
Confectionary), Industry Analysis Report, Regional Outlook (U.S., Canada,
Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain, China,
India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Brazil,
Argentina, Mexico, South Africa, UAE, Saudi Arabia, Kuwait, Egypt), Growth
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in
detail along with the table of contents:
https://www.gminsights.com/industry-analysis/food-enzymes-market
Beverages applications of food enzymes market are likely to dominate the industry,
registering over 50 kilotons demand by 2024. Rising consumption of beverages among
different class of societies across the globe will result in increased product penetration.
Provision of benefits such as increased processing capacity and economy
enhancement in beverage industry will further propel the industry growth. The bakery
will grow significantly owing to high product usage for enhancing dough stability,
maintaining bread quality, and ensuring proper browning of bread.
North America is expected to capture highest share in the global market and witness
over 6.1% CAGR up to 2024. Rising trend for nutritional diet patterns, especially in
U.S. will essentially support the regional growth. Increasing consumption of fortified
meat, processed and canned products across the region has resulted in proliferating
enzymes demand among the food manufacturer.
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Asia Pacific food enzymes market will grow rapidly, witnessing over 7.5% CAGR from
2017 to 2024. Rising acceptance from various applications such as beverages, dairy,
and RTE items along with high demand for convenience products will primarily drive
the regional industry growth.
Royal DSM, Danisco, BASF, Lumis, Aumgene Biosciences, Enmex, Advanced
Enzymes, and AB Group are among the noticeable participants in the food enzymes
market. Other prominent industry players include Chr. Hansen, Enzyme Innovation,
Thermo Fisher Scientific, Hayashibara Co., and Enzymes Solutions. Competitors are
indulging in partnerships to strengthen their position in the industry.
Segmentation :
of Food Enzymes Market :
Food enzymes market research report includes in-depth coverage of the
industry with estimates & forecast in terms of volume in kilo tons and
revenue in USD million from 2013 to 2024, for the following segments:
Food Enzymes Market, By Product
• Proteases
• Lipases
• Carbohydrases
• Amylases
• Xylanases/Hemicellulase
• Cellulase
• Pectinase
• Lactases
• Polymerases & Nucleases
• Phytases
• Catalases
Food Enzymes Market, By Application
• Beverages
• Processed Food
• Dairy
• Bakery
• Confectionary
• Others
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The above information is provided on a regional and country basis for the
following:
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Sweden
• Asia Pacific
• China
• India
• Japan
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
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Global Market Insights, Inc.
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