According to the current analysis of Reports and Data, the global Food Enzyme market was valued at USD 2.75 Billion in 2019 and is expected to reach USD 3.91 Billion by the year 2027, at a CAGR of 6.7 %. Enzymes are a type of protein molecules that are available in all living things. They speed up chemical reactions, in many cases increasing the rate of reaction millions of times. They also help digestion, cut and metabolize waste in humans and animals, as well as play a crucial role in muscle contraction. Enzymes have been used in the production of food, like dough making. This is done by removal from plants or animals or may be done by fermentation from micro-organisms.
Increasing geriatric population, the rising prevalence of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management are contributing to the growth of the food enzyme market . Growing demand for specialty enzymes such as pharmaceutical, diagnostics, research, and biotechnology is expected to be one more factor driving the growth. Growth of these animal-derived enzymes in various diseases or conditions, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer boosts the growth of the market. Introduction of cold-adapted enzymes is also one of the major factors that fuel the food enzymes market growth. Narrow temperature and pH stability spectrum along with allergies associated with protease and peptides and the public’s perception of probiotic and prebiotic products as alternatives to digestive enzymes and stringent regulatory policies are hampering food enzyme market growth.
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The research report offers details about leading companies in the global Food Enzymes market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Increasing consumer inclination towards functional, organic and probiotic-based food & drinks is providing impetus to the growth of global food and beverage industry. Various studies have come with health benefits associated with “ethnic” and organic food products. These foods improve cardiovascular health, improves arthritis, digestive issues, and other inflammatory conditions. Consumers are gradually focusing on mindful eating and consuming food for health and wellness. Changing eating and dietary patterns of consumers is prompting brand owners and new entrants to introduce healthy foods options. Several clean-label products have been introduced in the market and consumer curiosity for new products is immense
Growing middle class consumers with rising income in developing countries such as India and China will boost food & beverage market growth. Moreover, increasing consumer preference for procuring food and beverage items from online platforms due to variety, cost and time-saving will foster market size through 2027.
Some of the Leading Market Players Are Listed Below:
- Associated British Foods Plc,
- Advanced Enzyme Technologies,
- Amano Enzyme Co., Ltd.,
- Hansen Holding A/S,
- Kerry Group PLC,
- Royal DSM N.V.,
- Aum Enzymes.
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Food Enzymes Market Segmentation based on Types:
Food Enzymes Market Segmentation based on Source Outlook:
Food Enzymes Market Segmentation based on Category Industry Outlook:
- Processed foods
- Dairy products
- Bakery products
- Confectionery products
- Others (meat, poultry, and fish tenderizing)
Food Enzymes Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key Features of the global Food Enzymes Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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