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Food Enzymes Market Comprehensive Analysis, Growth Forecast from 2018 to 2024

Jan 14, 2020 (AmericaNewsHour) --

Market Study Report adds new research on Food Enzymes market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Food Enzymes market also includes an in-depth study of the industrys competitive scenario.

Changing consumer preference towards nutritional diet along with expanding food & beverage sector will drive food enzymes market. Factors such as improved and quick processing, advancement in biotechnology and ability for modification on large scale likely to propel product penetration rate. Rising concern towards environment-friendly manufacturing process in the food & beverage sector is further influencing the product application scope. Global food enzymes market share is consolidated in nature owing to the presence of dominating players including Danisco, Novozymes, AB Enzymes, Chr. Hansen and DSM. Other noticeable players are Enmex, Advanced Enzymes, Lumis Biotech, Aumgene Biosciences, Specialty Enzymes and Biotechnologies, Hayashibara Co., and Thermo Fisher Scientific. Companies are involved in expansion and growth strategies to gain a notable share due to highly competitive market. For instance, in November 2017, Royal DSM formed a joint venture with Amyris, Inc to enhance its production capacity and customer base.

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Lipases demand is expected to witness CAGR over 6.5% up to 2024. Key properties including improved crumb firmness, prolong product shelf life, and the enhanced flavor is expected to drive product demand in the dairy industry. Increasing adoption rate as a substitute and supplement for traditional emulsifier by degradation of wheat lipids will further boost industry.

Bakery application accounted for over 14 kilotons in 2016.  Rising demand for protein-rich products along with superior elasticity in the dough are the key factors propelling product penetration. Development in the processing including mixing, freezing, retarding, baking procedures owing to need for hydration of the un-soluble biopolymers and increase the endogenous enzymes of flours will augment industry.

North America food enzymes market is projected to hold over 36% market share in 2024.  Rapid development in dairy and bakery industries owing to urbanization and increasing consumer awareness strongly supporting the regional growth. The U.S provides over 300 types of cheese varieties in the international market. In 2016, total cheese production was recorded more than 12.6 billion pounds, over 3% up from 2015.  

Stringent government regulations regarding consumer safety are expected to propel demand for bio-based materials and limit the application of harmful chemicals. Rising awareness regarding product benefits along with high acceptance from various applications such as dairy, beverages, confectionary, and processed items will majorly support food enzymes market expansion. Growing convenience food consumption in India, China, Brazil and Mexico owing to increasing disposable income will support product demand.

Strong application outlook as biocatalysts to increase the production rate, highly required for alcoholic and non-alcoholic beverages will augment product demand. Globally, rising demand for beverages owing to changing dietary patterns coupled with rising disposable income will create new business opportunities for manufactures. Provision of benefits such as increased processing capacity and economy enhancement in beverage industry will further influence industry.

Proteases food enzymes market is estimated to register over USD 500 million in 2016. Easy availability owing to a wide range of sources such as plant, animal, and microorganisms will support segment growth. Globally, increasing demand for bakery items such as bread, butter, cheese, cake, and pastries are stimulating proteases demand. Improved flavor, reduced mixing time and dough uniformity are the key aspects likely to augment product demand.

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Report Content

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Food Enzymes Industry Insights

Chapter 4 Food Enzymes Market, By Product

Chapter 5 Food Enzymes Market, By Region

Chapter 6 Company Profiles

6.1. AB Enzymes

6.2. BASF

6.3. Royal DSM

6.4. Chr. Hansen

6.5. Enmex

6.6. Advanced Enzymes

6.7. Danisco

6.8. Specialty Enzymes and Biotechnologies

6.9. Aumgene Biosciences

6.10. Enzyme Solutions

6.11. Lumis Biotech

6.12. Enzymes India

6.13. BioResource International

6.14. Codexis Inc.

6.15. Enzyme Innovation

6.16. Hayashibara Company

6.17. Thermo Fisher Scientific

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The post Food Enzymes Market Comprehensive Analysis, Growth Forecast from 2018 to 2024 appeared first on America News Hour.

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