Global Food Enzymes Market: Overview
Food enzymes are biocatalysts, which are extracted from micro-organisms and plants. Food enzymes are used for varying the speed of biochemical reaction in the food products. They are also used as food additives to improve texture, digestibility, and shelf life of the food products. They are extensively used in alcoholic beverages, dairy industries, meat processing, and manufacturing of pre-digested foods. They act as natural fermentation agent in numerous specialty foods and amino-acids. Food enzymes are used to enhance the nutrition of food and are also used to improve the quality of non-alcoholic and alcoholic beverages.
Global Food Enzymes Market: Growth Factors
Busy lifestyle, changing eating habits, ever-increasing population, and rising demand for processed foods are major key factors that are driving the global food enzymes market. Developing food industries coupled with increasing awareness about consuming healthy food among the population anticipates fueling the growth of the food enzymes market. Increasing application of the food enzymes in various food products and technical innovations in enzymatic food processing has opened up new opportunities for market growth. The European Union have implemented strict regulations for the enzymes that are used in the food industries by providing specific guidelines due to the reason that several food enzymes cause side effects on the human body; hence, hampering the global food enzymes market growth.
Global Food Enzymes Market: Segmentation
The global food enzymes market is classified based on the applications, types, sources, and formulation. The application segment is fragmented into confectionery, beverage, dairy, processed food, bakery, and others. The type segment is divided into protease, carbohydrase, lipase, and others. The carbohydrase segment is further sub-segmented into cellulase, pectinase, amylase, lactase, and other carbohydrases. Based on the source, the global market is segmented as animal, plant, and micro-organism. The micro-organism segment is further sub-segmented into fungi and bacteria. Furthermore, on the basis of formulation the global food enzymes market is segregated into liquid, lyophilized powder, and others.
Global Food Enzymes Market: Regional Analysis
North America accounted for the largest market share in the food enzymes market. The US is the major consumer of the food enzymes in the North American region. Europe and Asia Pacific are following the same trend and are expected to grow at a higher rate in the coming years. Owing to westernization and globalization, change in eating habits among population such as specialty food, confectionaries, bakery, and process food in Asia Pacific region propels the growth of the global food enzymes market. Changing consumer preferences and increasing demand for exotic, fresh, and flavored food products in the countries of Latin America increase the demand of the global food enzymes market. Confectionery, bakery products, and processed food are widely consumed in South Africa and Brazil thus showing a promising market growth in the near future.
Global Food Enzymes Market: Competitive Players
Major companies influencing the global food enzymes market include Puratos Group NV, Dyadic International Inc., Sunson Industry Group Company Limited, Advanced Enzymes Technologies Limited, Nagase Chemtex Corporation, E.I. Dupont DE Nemours & Company, AB Enzymes GmbH., Novozymes A/S, AUM Enzymes, and Jiangsu Boli Bioproducts Co. Ltd.
Global Food Enzymes Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
