Food Enzymes Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
Food Enzymes Market size is expected torise considerably owing to extensive adoption of clean-labeled and naturalingredients in food & beverage industry.
Fortune Business Insights, in itslatest report, titled “Food Enzymes Market Size, Share & IndustryAnalysis, 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 1,695.65million in 2019, which is likely to hit USD 2,393.64 million by 2027 whileexhibiting a 4.70% CAGR during the forecast period.
The emergence of COVID-19 has broughtthe world to a standstill. We understand that this health crisis has brought anunprecedented impact on businesses across industries. However, this too shallpass. Rising support from governments and several companies can help in thefight against this highly contagious disease. There are some industries thatare struggling and some are thriving. Overall, almost every sector isanticipated to be impacted by the pandemic.
We are taking continuous efforts tohelp your business sustain and grow during COVID-19 pandemics. Based on ourexperience and expertise, we will offer you an impact analysis of coronavirusoutbreak across industries to help you prepare for the future.
Food enzymes play an important role insustaining life as all the biological reactions occurring within the humancells depend on them. In addition to this, they break down large molecules ofproteins, fats, and proteins into a smaller fragment of molecules that can beeasily absorbed by the small intestine within the human body. It is to notethat without enzymes, the body would find it difficult to digest food whileleading to food intolerance. Therefore, enzymes are vital and promote properfood digestion and work well to relieve certain stomach disorders such asirritable bowel syndrome (IBS).
What does the Market Report Include?
The market report includes anexhaustive study of several factors such as drivers, restraints, challenges,and opportunities that will affect the growth of the market in the forthcomingyears. The report covers regional demographics that include qualitative andquantitative information about the regions that are further divided intonations that are contributing to the growth of the market between 2019 and2026. Furthermore, the competitive landscape has been discussed in-depth thatinclude 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 willdrive the growth of the market has been included during the projected horizon.
Drivers and Restraints:
Increasing Consumption of Clean-LabeledFood to Surge Demand
According to the European Food SafetyAuthority (EFSA), long-term exposure of chemicals at high concentrated levelsthrough food may have a toxicological effect on humans. Though they areessential building blocks, synthetic chemicals as additives have an adverseeffect on health when consumed. Increasing awareness among people regarding thehealth concerns associated with the consumption of synthetic ingredients isexpected to surge demand for clean-labeled food across the globe. The gradualshift of the consumers from chemical ingredients to naturally processed foodproducts that are safe and healthy will boost the demand for food enzymes inthe forthcoming years. For instance, in October 2019, Tiny Organics, aU.S.-based direct to consumer brand, announced its launch of organicplant-based recipes that are healthy for toddlers. The recipes include babyburrito bowls, pumpkin spice oatmeal, and coconut curry induced dishes.
List of the Key Companies Operating inthe 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)
Regional Analysis:
Increasing Demand for High-qualityProcessed Food to Augur Growth in North America
Among the regions, North America isanticipated to remain dominant and register high global food enzymes marketrevenue in the forthcoming years. This is ascribable to factors such asgrowing demand for naturally occurring ingredients. Additionally, increasingdemand for high quality processed food and rising investment s frommanufacturers to develop innovative products is likely to drive the marketgrowth in the region. Asia-Pacific, on the other hand is likely to registersteady growth for the market during the forecast period. This is attributableto factors such as growing demand for bakery and dairy products.
Competitive Analysis:
Joint Ventures Among Companies to SpurDemand for Food Enzymes
In November 2019, Cargill along withDSM announced its plan to enter into a joint venture. Avansya, the jointventure between the two giants is about constructing a commercial facility tomanufacture stevia sweeteners through the fermentation process. The companiesare likely to consolidate their position with their collaboration by setting upthe 10,000 sq. ft. plant that costs around USD 50 million, located at Blair,Nebraska. Adoption of strategies such as joint ventures, product launches, andexpansion of product offerings by the companies to cater to the increasingconsumer demand is likely to favor the global food enzymes market growthbetween 2020 and 2027.
Industrial Development:
- March 2019: AB Enzymes, a leading biotech company, announced its launch of a new enzyme product, ROHALASE. The new enzyme will limit the need for chemicals to extract oil from seeds such as sunflower, soy, and canola, among others while helping the company to deliver high yields.
Gain More Insights into the FoodEnzymes 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…!
About Us:
Fortune Business Insights™ offersexpert corporate analysis and accurate data, helping organizationsof all sizes make timely decisions. We tailor innovative solutions for ourclients, assisting them to address challenges distinct to their businesses. Ourgoal is to empower our clients with holistic market intelligence, giving agranular overview of the market they are operating in.
Our reports contain a unique mix oftangible insights and qualitative analysis to help companies achievesustainable growth. Our team of experienced analysts and consultants useindustry-leading research tools and techniques to compile comprehensive marketstudies, interspersed with relevant data.
At Fortune Business Insights™, we aimat highlighting the most lucrative growth opportunities for our clients. We,therefore, offer recommendations, making it easier for them to navigate throughtechnological and market-related changes. Our consulting services are designedto help organizations identify hidden opportunities and understand prevailingcompetitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
FortuneBusiness Insights™
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/food-enzymes-market-9962
