Leaping up of consumer awareness about health and nutritional benefits of food enzymes is fueling up the growth of the food enzyme market. Also, shifting consumers’ preferences towards processed food is driving the food enzymes market demand, as per the observations of a fresh market research report from IndustryARC. The report has estimated the global food enzyme market size at $1,610 million in 2018, and notified the investors that the opportunities will propel at a compound annual growth rate (CAGR) of 5.90% during the forecast period of 2019 to 2025.

The IndustryARC’s business intelligence report is titled “Food Enzymes Market: By Type (Carbohydrases, Proteases, Lipases); By Source (Plants, Microorganisms, Animals); By Application (Beverage, Dairy Products, Bakery); By Geography (North America, Europe, APAC and Row) - (2019-2025).” Increasing per capita income and technological innovation in enzymatic food processing will spur demand in the food enzyme market over the forecast period.

Global Food Enzymes Market: Leading Segments

North America had the largest share for the global food enzyme in 2018 with the regional market share of 34%.  North Americans are distinctively dependent on healthy lifestyle and prefer nutritional processed foods in countries such as the United States and Canada. Additionally, the middle-class families are being more dependent on consumption of meat, which supports the dominance of the region.

Moreover, the key application segment in the food enzyme market is cited by IndustryARC’s analyst as bakery products, owing to the increasing disposable income amongst people in North America. The demand for application segment is projected to grow at a CAGR of 5.70% during the aforementioned forecast period.

Global Food Enzyme Market: Market Trends and Growth Drivers

·         Clean Label

The food and beverage industry offers the most opportunities for the use of enzymes. The enzyme technology helps in improving the quality and nutrition of the product. However, it also helps the company in using clean labels with fewer additives for maintaining transparency.

·         Enzyme in Baking and Lactose-Free Dairy[Pk1] 

In the baking industry, food enzymes play a very vital role, as it improves the dough strength, softness, and dough strength. Eventually, it also increases the shelf life of all the bakery products. The low lactose dairy products have a substantial opportunity with saphera ingredient, it helps to reduce the amount of added sugar while giving the same natural sweetness. This resonates that the food enzyme is an ever emerging market.

·         Gluten-Free Baking[Pk2] 

Enzymes have recently replaced gluten-free baking in the baking industry. Gluten-free products have less of nutrition and lack in the quality, however, enzymes support in improving the quality and standard of gluten-free varieties. They are even used as a digestive enzyme supplement which attracts more consumers.

·         Companies Benefits from Fish Processing Enzymes[Pk3] 

The fish enzymes have become more usable as it valorizes the byproducts and the processor can potentially generate more revenue from animal feeds, fish feeds, fertilizers, ingredient for pet food, and nutritional supplement. Enzymes enhance the quality of fish processing, hence, the demand for food enzyme has increased globally.

Global Food Enzyme Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding a majority shares in the global food enzymes market are Royal DSM N.V, EI DuPont DE Nemours & Co, Novozymes A/S, Chr. Hansen A/S, Biocatalyst limited, AB enzymes GMBH, Kerry group, PLCAum Enzymes, Amano Enzyme Inc., and Enmex SA DE CV.

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What can you expect from the report?

The food enzymes market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.