Rising demand for processed foods across the globe, growing trend of immobilized enzyme technology is driving the growth of food enzymes market.
PORTLAND, OR, USA, Feb. 1, 2022 /EINPresswire.com/ – Food Enzymes Market by Type (Carbohydrase, Lipase, Protease and Others), Application (Bakery, Beverages, Dairy and Others) and Source (Micro -Organisms, Animals and Plants): Global Opportunities Analysis and Industry Forecast, 2019-2026. “The report offers a detailed analysis of the main investment pockets, winning strategies, drivers and opportunities, market size and estimates, competitive landscape, key segments According to the report, the global food enzymes was estimated at $1.94 billion in 2018 and is expected to reach $3.05 billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.
Increased demand for processed foods globally, the growing trend of immobilized enzyme technology, and the introduction of clean-label food enzymes due to growing millennial concern over food transparency are fueling the growth of the global food enzymes market. On the other hand, allergies to proteases and peptides are restraining the market growth to some extent. Nevertheless, immobilized enzyme technology for food applications has created multiple opportunities in the market.
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Based on application, the beverage segment garnered the largest share, contributing more than two-fifths of the total market. The high demand for enzymes when brewing alcohol has spurred growth. The bakery products segment, on the other hand, is expected to grow at the highest CAGR of 7.2% through 2019-2026. The use of food enzymes to extend the shelf life of baked goods has resulted in the widespread application of food enzymes in the segment.
The microorganism segment to rule the roost-
According to the source, the microorganisms segment held the largest share, accounting for nearly three quarters of the total market share. This segment is also expected to grow at the fastest CAGR of 5.9% during the forecast period. A wide range of chemical and physical characteristics, lower production costs, large-scale production in industrial fermenters, rapid cultivation development, and the possibility of genetic manipulation have spurred growth.
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North America to lead the track during the study period-
Based on the region, North America contributed almost two-fifths of the total market share in 2018 and is expected to dominate throughout the forecast period. The strong adoption of food enzymes in dairy and beverage applications in the region has accelerated growth. The Asia-Pacific region, on the other hand, is expected to register the highest CAGR of 7.4% through 2026. Rising regional demand and expanding infrastructure have driven the fastest growth in the region.
Major Market Players–
Major players analyzed in the report include Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., Aum Enzymes, BASF, Chr. Hansen Holding A/S, DowDuPont, Associated British Foods Plc. (ABF), Kerry Group PLC, Novozymes and Royal DSM NV The high-end strategies they adhere to have helped them maintain their market-leading status.
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and templates
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. DEFINITION AND SCOPE OF THE MARKET
3.2. MAIN FINDINGS
3.2.1. The best investment pockets
3.2.2. The best winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. The threat of new entrants
3.3.3. The threat of substitutes
3.3.4. Competitive Rivalry
3.3.5. The bargaining power of buyers
3.4. ANALYSIS OF MARKET SHARE/TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS
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