Food Enzymes Market Size, Industry Share and Growth Insights by Top Companies | Industry Forecast to 2027
The global ''food enzymes market'' size is expected
to rise considerably owing to extensive adoption of clean-labeled and natural
ingredients in food & beverage industry. Fortune Business Insights, in its
latest report, titled “Food Enzymes Market Size, Share &
Industry Analysis, By Source (Microbes, Plants, and Animals), Type
(Carbohydrases, Proteases, Lipases and Others), Application (Bakery, Dairy, Beverages,
Nutraceuticals and Other Processed Foods), and Regional Forecast, 2020 –
2027.”, further observes that the market value stood at USD
1,695.65 million in 2019, which is likely to hit USD 2,393.64 million by 2027,
while exhibiting a 4.70% CAGR during the forecast period.
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List of the Key Companies Operating in the Food Enzymes Market are:
- Novozymes (Denmark)
- DuPont (U.S.)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- AB Enzymes (Germany)
- Koninklijke DSM N.V. (Netherlands)
- Chr. Hansen Holding A/S (Denmark)
- BASF SE (Germany)
- Nutritech Enzymes (Finland)
- Amano Enzymes, Inc. (China)
- Biocatalysts (UK)
What does the Market Report Include?
The market report includes an
exhaustive study of several factors such as drivers, restraints, challenges,
and opportunities that will affect the growth of the market in the forthcoming
years. The report covers regional demographics that include qualitative and
quantitative information about the regions that are further divided into
nations that are contributing to the growth of the market between 2019 and
2026. Furthermore, the competitive landscape has been discussed in-depth that
include information of several players operating in the market. Moreover,
information on the adoption of strategies such as merger and acquisition,
collaboration, partnerships, and joint ventures by the companies that will
drive the growth of the market has been included during the projected horizon.
Food enzymes play an important role in
sustaining life as all the biological reactions occurring within the human
cells depend on them. In addition to this, they break down large molecules of
proteins, fats, and proteins into a smaller fragment of molecules that can be
easily absorbed by the small intestine within the human body. It is to note
that without enzymes, the body would find it difficult to digest food while
leading to food intolerance. Therefore, enzymes are vital and promote proper
food digestion and work well to relieve certain stomach disorders such as
irritable bowel syndrome (IBS).
Drivers and Restraints:
Increasing Consumption of Clean-Labeled
Food to Surge Demand
According to the European Food Safety
Authority (EFSA), long-term exposure of chemicals at high concentrated levels
through food may have a toxicological effect on humans. Though they are
essential building blocks, synthetic chemicals as additives have an adverse
effect on health when consumed. Increasing awareness among people regarding the
health concerns associated with the consumption of synthetic ingredients is
expected to surge demand for clean-labeled food across the globe. The gradual
shift of the consumers from chemical ingredients to naturally processed food
products that are safe and healthy will boost the demand for food enzymes in
the forthcoming years. For instance, in October 2019, Tiny Organics, a
U.S.-based direct to consumer brand, announced its launch of organic
plant-based recipes that are healthy for toddlers. The recipes include baby
burrito bowls, pumpkin spice oatmeal, and coconut curry induced dishes.
Regional Analysis:
Increasing Demand for High-quality
Processed Food to Augur Growth in North America
Among the regions, North America is
anticipated to remain dominant and register high global food enzymes market
revenue in the forthcoming years. This is ascribable to factors such as
growing demand for naturally occurring ingredients. Additionally, increasing
demand for high quality processed food and rising investment s from
manufacturers to develop innovative products is likely to drive the market
growth in the region. Asia-Pacific, on the other hand is likely to register
steady growth for the market during the forecast period. This is attributable
to factors such as growing demand for bakery and dairy products.
Competitive Analysis:
Joint Ventures Among Companies to Spur
Demand for Food Enzymes
In November 2019, Cargill along with
DSM announced its plan to enter into a joint venture. Avansya, the joint
venture between the two giants is about constructing a commercial facility to
manufacture stevia sweeteners through the fermentation process. The companies
are likely to consolidate their position with their collaboration by setting up
the 10,000 sq. ft. plant that costs around USD 50 million, located at Blair,
Nebraska. Adoption of strategies such as joint ventures, product launches, and
expansion of product offerings by the companies to cater to the increasing
consumer demand is likely to favor the global food enzymes market growth
between 2020 and 2027.
Segmentation:
By Source
- Microbes
- Plants
- Animals
By Type
- Carbohydrases
- Proteases
- Lipases
- Others
By Application
- Bakery
- Dairy
- Beverages
- Nutraceuticals
- Other Processed Foods
By Region
- North America (U.S., Canada, and Mexico)
- Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest
of Europe)
- Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia-
Pacific)
- South America (Brazil, Argentina, and the Rest of South America)
- The Middle East & Africa (South Africa, UAE, and the Rest of
the MEA)
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Food Enzymes Market Focus
on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles,
opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements,
mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid
organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional
market by various segments?
- What is the market size and growth rate of the market for selective
countries?
- Which region or sub-segment is expected to drive the market in the
forecast period?
- What Factors are estimated to drive and restrain the market growth?
Industrial Development:
- In March 2020,
Novozymes launched Saphera Fibre which is a lactase enzyme and aids in
increase of the content of fibers. It also reduces sugar content in
fermented and non-fermented dairy products.
- In February 2020,
DuPont Nutrition and Biosciences has launched POWERBake 6000 and 7000
enzyme series created for European recipes of white breads and buns to
meet the increasing demand for clean-label products.
Gain More Insights into the Food
Enzymes Market Research Report
https://www.fortunebusinessinsights.com/food-enzymes-market-102835
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain and Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Source
Launches, and Mergers & Acquisitions
- Global Food Enzymes Market Analysis, Insights and Forecast,
2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Source
- Microbes
- Plants
- Animals
- By Type
- Carbohydrases
- Proteases
- Lipases
- Others
- By Application
- Bakery
- Dairy
- Beverages
- Nutraceuticals
- Other Processed Foods
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
TOC Continued…!
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