Food Enzymes Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2027

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The global ''foodenzymes'' market size is expected to rise considerably owing to extensiveadoption of clean-labeled and natural ingredients in food & beverageindustry.

Food Enzymes Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2027

The global ''foodenzymes'' market size is expected to rise considerably owing to extensiveadoption of clean-labeled and natural ingredients in food & beverageindustry. Fortune Business Insights, in its latest report, titled “FoodEnzymes Market Size, Share & Industry Analysis, By Source (Microbes,Plants, and Animals), Type (Carbohydrases, Proteases, Lipases and Others),Application (Bakery, Dairy, Beverages, Nutraceuticals and Other ProcessedFoods), and Regional Forecast, 2020 – 2027.”, further observesthat the market value stood at USD 1,695.65 million in 2019, which is likely tohit USD 2,393.64 million by 2027, while exhibiting a 4.70% CAGR during theforecast period.

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List of the Key Companies Operating in the Food Enzymes Marketare:

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)

Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018

What does the Market Report Include?

The market report includes an exhaustive study of several factorssuch as drivers, restraints, challenges, and opportunities that will affect thegrowth of the market in the forthcoming years. The report covers regionaldemographics that include qualitative and quantitative information about theregions that are further divided into nations that are contributing to thegrowth of the market between 2019 and 2026. Furthermore, the competitivelandscape has been discussed in-depth that include information of severalplayers operating in the market. Moreover, information on the adoption ofstrategies such as merger and acquisition, collaboration, partnerships, andjoint ventures by the companies that will drive the growth of the market hasbeen included during the projected horizon.

Food enzymes play an important role in sustaining life as all thebiological reactions occurring within the human cells depend on them. Inaddition to this, they break down large molecules of proteins, fats, andproteins into a smaller fragment of molecules that can be easily absorbed bythe 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 foodintolerance. Therefore, enzymes are vital and promote proper food digestion andwork 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-termexposure of chemicals at high concentrated levels through food may have atoxicological effect on humans. Though they are essential building blocks,synthetic chemicals as additives have an adverse effect on health whenconsumed. Increasing awareness among people regarding the health concernsassociated with the consumption of synthetic ingredients is expected to surgedemand for clean-labeled food across the globe. The gradual shift of theconsumers from chemical ingredients to naturally processed food products thatare 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 consumerbrand, announced its launch of organic plant-based recipes that are healthy fortoddlers. The recipes include baby burrito bowls, pumpkin spice oatmeal, andcoconut curry induced dishes.

Regional Analysis:

Increasing Demand for High-quality Processed Food to Augur Growthin North America

Among the regions, North America is anticipated to remain dominantand register high global food enzymes market revenue in the forthcomingyears. This is ascribable to factors such as growing demand for naturallyoccurring ingredients. Additionally, increasing demand for high qualityprocessed food and rising investment s from manufacturers to develop innovativeproducts is likely to drive the market growth in the region. Asia-Pacific, onthe other hand is likely to register steady growth for the market during theforecast period. This is attributable to factors such as growing demand forbakery 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 toenter into a joint venture. Avansya, the joint venture between the two giantsis about constructing a commercial facility to manufacture stevia sweetenersthrough the fermentation process. The companies are likely to consolidate theirposition with their collaboration by setting up the 10,000 sq. ft. plant thatcosts around USD 50 million, located at Blair, Nebraska. Adoption of strategiessuch as joint ventures, product launches, and expansion of product offerings bythe companies to cater to the increasing consumer demand is likely to favor theglobal 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)

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

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