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” by Global Market Insights, Inc. 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.
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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 food enzymes
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.
Browse key
industry insights spread across 500 pages with 1891 market data tables & 9
figures & charts from this 2018 report Vaccines
Market in detail along with the table of contents at:
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.
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 food enzymes 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.
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.
Browse Related Reports:
Brewing Enzymes Market Size By
Product (Amylases [Decotion Vessel, Mashing, Fermentation], Proteases
[Conditioning Tank], Beta-glucanases [Decotion Vessel, Mashing, Fermentation],
Xylanases [Mashing]) Industry Analysis Report, Regional Outlook, Growth
Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
About Global Market Insights:
Global
Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter
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