Food Enzymes Market Projected to Show Steady Growth by 2027 | Market Research Future
Market – Overview
Food enzymes have created a niche market for
themselves due the innumerable advantages that they offer. Market Research
Future, which focuses on market reports related to Food, Beverages &
Nutrition sector among others, have lately published a report on this market.
The sector is expected to grow at a formidable CAGR rate and will amass high
level of revenues in the forecast period.
Health issues related to the digestive care
have increased at a rapid rate in the past few years. Lack of nutrients are
also addressed by the use of these enzymes. Individuals who have issues related
to their digestive health are increasingly adapting this product so as to
counter this issue effectively. Digestive health drinks can be easily
identified as the novel segment which is emerging in this industry and also
having a positive impact on the market.
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Industry Segments
The international market for food enzymes
globally by type comprises of amylase, rennet, invertase, lipase,
protease, lactase, and others such as papain, lipoxygenase, actinidin, catalase
and pectinase. The origin type of food enzyme includes bacterial enzymes,
fungal enzymes, yeast enzymes, plant enzymes and animal enzymes. The
application type of the sector includes sea food & products non-alcoholic
beverages, bakery, meat & meat products, dairy products, alcoholic
beverages, processed food, confectionery and others.
Detailed Regional Analysis
The industry for food enzymes covers regions
such as Europe, Asia Pacific, North America, and Rest of the World (RoW). North
America is leading the market followed by the Asia Pacific region due to the
growing demand for convenience food between the advanced countries in these
regions. Germany, the U.S., Canada, the U.K, and China are the foremost
importers of food enzymes. Moreover, the main important players are dynamically
involved in the R & D of the product compliant to the North American
regulations for the usage of food enzymes.
Moreover, growing demand for foods &
beverages is also backing up the development of food enzymes sector in the
North American region including countries such as Canada and U.S.
Global Competitive Analysis
The chief strategies for long-term growth in
this sector can be attained by confirming continuous process enhancements and
financial flexibility to spend in the prime strategies as they arise. Companies
are trying to amass a considerable portion of the market division as early as
possible with effective business plans that can fill this gap and confirm
control of the dynamics of the rivalry in the market. The entry of pioneering
companies is creating a rapidly-evolving a trend of volume intensive growth. This
has enabled the development of varied assortments of produce kinds. Effective
business policies targeted to fill this gap and gain control of the dynamics of
the competition existing in the market.
The significant players profiled in Food Enzymes Market Share are Chr. Hansen A/S (Denmark), Dyadic
International, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.),
Associated British Foods plc (U.K.), Novozymes A/S (Denmark), Amano Enzyme Inc.
(Japan) and Koninklijke DSM N.V. (The Netherlands) to name a few.
Latest Industry News:
Jan 2018 Vland Biotech Group Co., Ltd. and
Archer Daniels Midland Company have agreed to a joint growth contract for the
expansion and commercialization of enzymes for applications in animal
feed. Additionally, ADM will launch a fresh U.S. enzyme research and development
lab in California that will openly support undertakings in the joint
development arrangement. Vland will also carry out research and
development in its research laboratory in Qingdao, which will be advanced to a
novel state-of-the-art site.
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