SELBYVILLE, Del., Nov. 9, 2021
Food Enzymes Industry is set to register around 7.5% CAGR between 2021 and 2027 driven by rising consumption of food enzymes in bakery and confectionery along with increase in demand for processed and packaged food.
SELBYVILLE, Del., Nov. 9, 2021 /PRNewswire/ -- The food enzymes market value is expected to cross USD 4.6 billion by 2027, according to a new research report by Global Market Insights Inc. Steady growth of bakery industry along with growing consumption of processed food products to propel the overall market demand.
Proteases contributes a considerable share in the global market after carbohydrases. Protease's prominent contribution in several physiological processes such as digestion of food proteins, protein turnover, cell division, blood-clotting cascade etc. inside the human body is one of the key factors of its usage in the food & beverages industry. Additionally, the market will be positively impacted by the increased consumption of proteases in baby food products.
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Food enzymes market from processed food application is anticipated to grow at over 7% CAGR from 2021 to 2027. Increasing usage of enzymes in processed food and beverage sector to convert complex molecules into simpler molecular structures will drive the segment growth. Moreover, increasing consumer awareness regarding nutritional benefits offered by enzymes in fortified products is likely to support business expansion.
Some major findings of the food enzymes market report include:
Browse key industry insights spread across 1280 pages with 1878 market data tables & 21 figures & charts from the report, "Food Enzymes Market Forecasts By Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases/Hemicellulase, Cellulase, Pectinase, Lactases], Polymerases & Nucleases, Phytases, Catalases), Application (Beverages, Processed Food, Dairy, Bakery, Confectionary), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027" in detail along with the table of contents:
North America is the leading hub for food enzymes due to the developed economies including US and Canada that are highly inclined towards packaged, frozen and processed food as their staple diet. In North America, the booming trend of fast food has increased its cheese trade, which influences the protease food enzymes market indirectly. Protease food enzyme is used mainly in the dairy industry for cheese manufacturing process. Further, in the bakery segment, consumers are increasingly demanding products with enhanced softness, freshness and dough strength. Hence, manufacturers are using enzymes to cater to these consumer demands.
Global food enzymes market share is competitive owing to the presence of several multinational corporations along with regional players. Key industry participants include BASF, Royal DSM, Chr. Hansen, Enmex, Advanced Enzymes, Danisco A/S, Specialty Enzymes and Probiotics, Aumgene Biosciences, Lumis Biotech, Codexis, Hayashibara, Enzyme Innovation, and AB Enzymes. Foremost strategies observed in the industry include new product launches and strategic partnerships.
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