logo
logo

Food Enzymes Market Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2027

avatar
Fortunebusiness
img

The global food enzymes market size is expected to rise considerably owing to extensive adoption of clean-labeled and natural ingredients in food & beverage industry. Fortune Business Insights, in its latest report, titled “Food Enzymes Market Size, Share & Industry Analysis, 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 1,695.65 million in 2019, which is likely to hit USD 2,393.64 million by 2027 while exhibiting a 4.70% CAGR during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

List of the Key Companies Operating in the 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)

 

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 factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include 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 will drive the growth of the market has been included during the projected horizon.

Food enzymes play an important role in sustaining life as all the biological reactions occurring within the human cells depend on them. In addition to this, they break down large molecules of proteins, fats, and proteins into a smaller fragment of molecules that can be easily absorbed by the 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 food intolerance. Therefore, enzymes are vital and promote proper food digestion and work 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-term exposure of chemicals at high concentrated levels through food may have a toxicological effect on humans. Though they are essential building blocks, synthetic chemicals as additives have an adverse effect on health when consumed. Increasing awareness among people regarding the health concerns associated with the consumption of synthetic ingredients is expected to surge demand for clean-labeled food across the globe. The gradual shift of the consumers from chemical ingredients to naturally processed food products that are 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 consumer brand, announced its launch of organic plant-based recipes that are healthy for toddlers. The recipes include baby burrito bowls, pumpkin spice oatmeal, and coconut curry induced dishes. 

 

Regional Analysis:

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

Among the regions, North America is anticipated to remain dominant and register high global food enzymes market revenue in the forthcoming years.  This is ascribable to factors such as growing demand for naturally occurring ingredients. Additionally, increasing demand for high quality processed food and rising investment s from manufacturers to develop innovative products is likely to drive the market growth in the region. Asia-Pacific, on the other hand is likely to register steady growth for the market during the forecast period. This is attributable to factors such as growing demand for bakery 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 to enter into a joint venture. Avansya, the joint venture between the two giants is about constructing a commercial facility to manufacture stevia sweeteners through the fermentation process. The companies are likely to consolidate their position with their collaboration by setting up the 10,000 sq. ft. plant that costs around USD 50 million, located at Blair, Nebraska. Adoption of strategies such as joint ventures, product launches, and expansion of product offerings by the companies to cater to the increasing consumer demand is likely to favor the global 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

 

Have a Look at Related Research Insights:

Alcohol Ingredients Market Size, 2020 Industry Share, Key Updates, Trends, Growth Analysis and Industry Forecast to 2027 | Fortune Business Insights™

Almond Oil Market Business Insights to 2027 with Upcoming Demand, Opportunities, Size Expansion, Share, Growth Insights and Forecast to 2027

Low Alcohol Beverages Market Trends in 2020, Global Growth Challenges, Upcoming Advancement, Size, Share, Growth, Top Companies Revenue, Regional Outlook to 2027

Malic Acid Market Size, 2020 Demand, Growth Factors, Industry Revenue and Forecast to 2027

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

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: [email protected]

 

Connect us via Social Media Channels:

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

 

Read Press Release

https://www.fortunebusinessinsights.com/press-release/food-enzymes-market-9962

 

 

collect
0
avatar
Fortunebusiness
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.