Global Food Enzymes Market – Latest Growth and Market Trends
The global food enzymes market is expected to witness a significant growth during the next five years on account of growing consumer awareness about nutritional & healthy foods; rising preference for processed food and increasing demand for energy saving & waste reduction in food processing. Food enzymes are generated with the help of microorganisms and comprise of digestive, softening & antistaling properties. It helps in the increment of the shelf-life of the food products. In recent years, the food industry has highly adopted the usage of food enzymes on a large scale for numerous applications. These enzymes also help in making the manufacturing process more eco-friendly with less wastage & low GHG emissions. It is also used in the bakery & confectioneries, meat products, dairy and frozen products, oils and fats, and others processes.
According to the recently added report “Global Food Enzymes Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast”
the growing consumer interest towards nutritional & health benefits of food enzymes along with the several end-use applications, the demand for these enzymes is projected to boost the market growth over the forecast period. Over the past few years, the market has witnessed a steep demand for packaged & processed food products due to rising working culture & rapid urbanization across the globe, which in turn will further drive the market demand in the near future. Additionally, growing penetration of retail industry, rising requirement for waste reduction & food safety and continuous technological advancement in the field of food manufacturing processes is expected to open new growth avenues over the coming years. However, High expenses of R&D, certain challenges in the brewing industry and inconsistent & unclear regulations are likely to hinder the growth of the market in the forthcoming years.
The market has been segmented based on types into carbohydrase (amylase, cellulase, lactase, pectinase and other carbohydrases), protease, lipase and other types. The carbohydrase segment has accounted for major market share and is estimated to witness a double-digit growth over the forecast period owing to the rising application scope in food beverages and other daily consumed vital ingredients. The market has been further segmented based on formulation into lyophilized powder, liquid, and other formulations. Furthermore, the market has been segmented based on source, brand, and application. Processed foods segment is expected to grow at the highest CAGR during the study period due to rising applications in food processing methods and growing consumer awareness about enzymatic benefits across the globe.
North America is a leading market and is anticipated to continue its dominance during the forecast period on account of growing demand for healthy & nutritional food products, high purchasing power and rising adoption of convenience or packaged food in the region. Asia-Pacific is projected to be the fastest growing market owing to rising end-use application, rapid urbanization and growing demand for processed food particularly in countries like China, India, and Japan. The key industry players include Advanced Enzymes Technology Limited, Amano Enzyme Inc., Associated British Foods PLC, Biocatalysts Limited, Chr. Hansen Holdings A/S, E.I. Du Pont De Nemours and Company, Jiangsu Boli Bioproducts Co. Ltd, Koninklijke DSM N.V. and Novozymes A/S, Puratos Group. The major players are focusing on finding innovative applications for food enzymes and generating new products with the support of high R&D investments.
In July 2015, DSM has launched a digestive enzyme “Tolerase G”, the only enzyme that effectively helps digest residual gluten found in a broad range of foods.
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