The report has estimated the global food enzyme market size at $1,610 million in 2018 and notified the investors that the opportunities will propel at a compound annual growth rate (CAGR) of 5.90% during the forecast period of 2019 to 2025.The IndustryARC’s business intelligence report is titled “[URL=https://industryarc.com/PressRelease/959/Food-Enzymes-Market-Research.html]Food Enzymes Market[/URL]: By Type (Carbohydrases, Proteases, Lipases); By Source (Plants, Microorganisms, Animals); By Application (Beverage, Dairy Products, Bakery); By Geography (North America, Europe, APAC and Row) - (2019-2025).”
Global Food Enzymes Market: Leading Segments
North America had the largest share for the global food enzyme in 2018 with a regional market share of 34%.
Additionally, middle-class families are being more dependent on the consumption of meat, which supports the dominance of the region.
Moreover, the key application segment in the food enzyme market is cited by IndustryARC’s analyst as bakery products, owing to the increasing disposable income amongst people in North America. The demand for the application segment is projected to grow at a CAGR of 5.70% during the aforementioned forecast period.
View Full Table Of Content Of Food Enzymes Market
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Global Food Enzyme Market: Market Trends and Growth Drivers
Clean Label: The enzyme technology helps in improving the quality and nutrition of the product. However, it also helps the company in using clean labels with fewer additives for maintaining transparency.
An enzyme in Baking and Lactose-Free Dairy: In the baking industry, food enzymes play a very vital role, as it improves the dough strength, softness, and dough strength. Eventually, it also increases the shelf life of all the bakery products. The low lactose dairy products have a substantial opportunity with the Saphera ingredient, it helps to reduce the amount of added sugar while giving the same natural sweetness.
Gluten-Free Baking: Gluten-free products have less nutrition and lack in the quality, however, enzymes support in improving the quality and standard of gluten-free varieties. They are even used as a digestive enzyme supplement that attracts more consumers.
Companies Benefits from Fish Processing Enzymes: The fish enzymes have become more usable as it valorizes the byproducts and the processor can potentially generate more revenue from animal feeds, fish feeds, fertilizers, ingredient for pet food, and nutritional supplement. Enzymes enhance the quality of fish processing, hence, the demand for food enzymes has increased globally.
Global Food Enzyme Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding a majority shares in the global food enzymes market are Royal DSM N.V, EI DuPont DE Nemours & Co, Novozymes A/S, Chr. Hansen A/S, Biocatalyst limited, AB enzymes GMBH, Kerry group, PLCAum Enzymes, Amano Enzyme Inc., and Enmex SA DE CV.
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare