This report analyzes and forecasts the market for Food Enzymes at the Global and Regional levels. The market has been estimated based on revenue US$ Mn from 2017 to 2023 and forecasts for the sub-segments have also been provided in the report. The study includes impact analysis of the drivers and restraints in the Global Food Enzymes Market. It also covers the analysis of the trends in demand for Food Enzymes during the forecast period.
Global Food Enzymes Market is expected to grow at a CAGR between 7% and 7.5% over the period of 2017 – 2023. Enzymes are proteins that act as catalyst for the biochemical reactions and metabolic activities in the body. Enzymes help in digestion, muscle contraction and elimination of waste in the body. The normal diet might not provide essential enzymes required for the body, as the cooked and processed foods eliminate the enzyme content. The food enzymes are extracted from animals, plants or by fermentation process involving microorganisms. Modern commercial food enzyme production involves breeding of optimized microorganisms and advanced biotechnology techniques for genetically modification of organisms for obtaining enzymes with desired characteristics. Alpha-amylase, glucoamylase, beta-glucanase, lipase, papin, chymosin, microbial proteases, pectinase, lactase, cellulose,glucose oxidase and some others are major food enzymes. Food enzymes find applications in food industry ,such as breaking down glucose, converting starch to other forms, enhancing flavor and reducing ripening time of cheese, tendering meat, curdling the milk, processing animal and plant protein, processing fruit pulps, additive to dairy products, converting cellulose waste to fermenting feedstock and many others. Enzymes are widely used for the production of alcoholic and nonalcoholic beverages.
Novozymes A/S, AB Enzymes, Danisco and Koninklijke DSM NV are the major players in the food enzymes market and they invest heavily on research and development and improving production capabilities. Acquisitions & mergers, entry of private labels, high production and sales of the enzymes characterizes the global food enzymes market.
The report covers the analysis of global as well as regional markets of Food Enzymes Market. Moreover, the global Food Enzymes Market is segmented by Application, by Source and by Type. The global food enzymes by application cover Bakery, Confectionary, Dairy and Food& Beverages. On the basis of source, the market is segmented as Animals, Plants and Microorganisms. Based on Type, the market is segmented as Carbohydrase, Lipase, Protease and some others.
Key topics covered:
2. Executive summary
3. Global Food Enzymes Market Overview
4. IGR- Snapshots
5. Global Food Enzymes Market Analysis, By Application (USD million) 2017 – 2023
6. Global Food Enzymes market analysis, by Source (USD million) 2017 – 2023
7. Global Food Enzymes market analysis, by Type (USD million) 2017 – 2023
8. Global Food Enzymes market analysis, regional analysis (USD million) 2017 – 2023
9. Company profiles