As per a recent industry report put forward by
Global Market Insights Inc., Food Enzymes Market is forecast to
register its name in the billion-dollar fraternity down the line of seven
years, by exceeding a revenue of USD 3.6 billion with a projected CAGR of 7.5%
over 2019-2024.
Rising health concerns along with
consumer awareness pertaining to nutritional benefits will drive food enzymes
market share over the forecast timeframe. Consumers across the world have been
shifting towards nutritional diets that provide food rich in enzymes which in
turn has boosted the product demand. Advancing biotechnology, enhanced
processing along with an ability to be modified on a large scale will encourage
product penetration.
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Increasing concerns regarding the
product quality and adoption of eco-friendly process of manufacturing in the
food & beverage sector will enhance the scope of enzyme application. The
additives are essentially used in several food processing units in order to
achieve environment-friendly processes, fueling food enzymes industry trends.
It results in reduced wastage of raw materials which triggers a shift in the
preference of the end-users.
There has been a high amount of
adoption of carbohydrase, protease, and lactases in a number of applications
segments like confectionary, bakery and dairy due to surge in the demand for
uniformity and a prolonged shelf-life. Growing consumption for convenience food
in countries like China, Mexico, Brazil, and India on account of high
disposable income at hand will foster food enzymes market size over the
projected time period.
Expanding food & beverage sector
has been experiencing several trends that have impacted global market growth.
Demand for fermented food has been on a rise and has offered significant growth
prospect to businesses. The products are fermented, creates a large number of
enzymes by increasing their strength. Additionally, wide use of such additives
to minimize the off-odors and stabilize the beverage will stimulate consumption
of enzymes.
Food enzymes industry share from
carbohydrases will exceed USD 1.8 billion in sales by the year 2024. There has
been consistently rising demand for specific types of carbohydrases like
lactase, cellulase, amylase, and pectinase that are the key factors in driving
the demand for food enzymes. These ingredients are highly utilized and consumed
in the food and beverage industry.
Food enzymes market trends from the
biocatalysts application is expected to gain immense production rate owing to
its high requirement in both alcoholic and non-alcoholic beverages. With a
change in diet patterns and rising disposable income at hand, demand for
beverages has been increasingly growing which will be helping build new
business opportunities for the manufacturers.
Economy improvement and surging
processing capacity in the beverage sector will influence the business outlook.
Proteases food enzymes market share was anticipated to reach more than USD 500
million in the year 2016. Presence of a wide array of sources like animals,
microorganisms, and plants induces ease of availability of these enzymes.
Global rise in the demand for bakery food items like cheese, pastries, cakes,
bread, and butter has stimulated the demand for protease enzymes.
Reduction in mixing time, dough
uniformity and improved flavor of the product shall escalate the industry
growth. Phytase has extremely beneficial properties as it absorbs crucial
materials like calcium and magnesium as well as reduces phytic acid. These
characteristics will help, phytase food enzymes market size to depict a growth
of more than 7% CAGR up to 2024.
North America food enzymes industry
size is anticipated to record over 6.1% CAGR up to 2024. Rise in the
inclination towards nutritional diets will encourage growth in this region.
Escalating consumption of processed and canned products as well as fortified
meat in the region will drive the demand for enzymes over the coming years.
Partial Chapter of the Table of Content:
Chapter 1 Methodology & Scope
1.1.
Methodology
1.1.1.
Initial data exploration
1.1.2.
Statistical model and forecast
1.1.3.
Industry insights and validation
1.1.3.
Definitions & forecast parameters
1.2.
Data sources
1.2.1.
Primary
1.2.2.
Secondary
Chapter 2 Executive Summary
2.1.
Food enzymes industry 3600 synopsis, 2013 - 2024
2.1.1.
Business trends
2.1.2.
Product trends
2.1.3.
Application trends
2.1.4.
Regional trends
Chapter 3 Food Enzymes Industry Insights
3.1.
Industry segmentation
3.2.
Industry landscape, 2013 - 2024
3.3.
Industry ecosystem analysis
3.3.1.
Distribution channel analysis
3.3.2.
Profit margin trends
3.3.3.
Vendor matrix
3.4.
Industry impact forces
3.4.1.
Growth drivers
3.4.1.1. Food & beverages industry expansion
3.4.1.1.1 Growth and development in baking industry
3.4.1.1.2 Increasing baby food demand
3.4.1.1.3 Penetration in brewing industry
3.4.1.1.4 Growing demand from juice and other beverage
products
3.4.1.1.5 Potential scope in dairy applications
3.4.1.1.6 High demand as a meat tenderizer
3.4.2.
Industry pitfalls & challenges
3.4.2.1. Lack of standardized regulatory guidelines
3.5.
Food enzymes that work for specific application
3.6.
Concentration and primary purification of food enzymes
3.7.
Growth potential analysis, 2016
3.8.
Regulatory landscape
3.8.1
U.S.
3.8.2
Europe
3.8.3
China
3.8.
Technology & innovation landscape
3.9.
Pricing analysis, by product
3.9.1 Regional pricing
3.9.1.1 North America
3.9.1.2 Europe
3.9.1.3 Asia Pacific
3.9.1.4 Latin America
3.9.1.5 MEA
3.9.2 Cost structure analysis
3.10.
Raw material trends
3.11.
Porter’s analysis
3.12.
Competitive landscape, 2016
3.12.1 Market share analysis
3.12.2 Patents & licensing
3.12.3 Strategy dashboard
3.12.3 Key stakeholders
3.12.4 R&D scenario of food enzymes
3.13.
PESTEL analysis
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 insights and actionable market
data specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Arun Hegde
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
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
