Market Research Report
Food Enzymes Market by Type (Carbohydrase, Lipase, Protease, & Others), Application (Bakery Products, Beverages, Dairy Products, & Others), & Source (Microorganisms, Animals, & Plants): Global Opportunity Analysis & Industry Forecast, 2019-2026
|Published by||Allied Market Research||Product code||881840|
|Published||Content info||218 Pages
Delivery time: 2-3 business days
|Food Enzymes Market by Type (Carbohydrase, Lipase, Protease, & Others), Application (Bakery Products, Beverages, Dairy Products, & Others), & Source (Microorganisms, Animals, & Plants): Global Opportunity Analysis & Industry Forecast, 2019-2026|
|Published: May 30, 2019||Content info: 218 Pages||
The food enzymes market size was valued at $1,944.8 million in 2018 and is expected to reach $3,056.9 million by 2025, registering a CAGR of 5.6% from 2019 to 2026.
Food enzymes are complex ingredients, which act as catalyzers and are extensively used for increasing the diversity, variety, and quality during processing of food. Food enzymes are often used for food processing owing to its multiple benefits, which includes enhancement of texture, flavor & fragrance, preservation, coagulation, and tenderization.
The market is expected to experience growth during the forecast period owing to the expansion of food and beverage industry, diversification in extraction process, and rise in trend of cold-adapted enzymes. At the same time, the sector is facing challenges driven by certain food enzyme allergies, limited shelf life, and high sensitivity of food enzymes toward temperature and pH. Developments in protein and genetic engineering result in improvement of economy, specificity, stability, and the overall application potential of food enzymes. Food enzymes find application on plethora of platforms such as starch modification, sweetener production, sugar processing, baking, flour supplementation, dough conditioning, cheesemaking, brewing, flavor enhancement, meat tenderizing, and juice processing to name few.
The global food enzymes market is segmented based on type, application, source, and region. Based on type, the food enzyme market is segmented into carbohydrase, lipase, protease, others. Based on application, the market is divided into bakery products, beverages, dairy products, and others. Based on source, the market is analyzed across microorganisms, plants, and animals. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include: Associated British Foods Plc. (ABF), Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., BASF, Chr. Hansen Holding A/S, DowDuPont, Kerry Group PLC, Novozymes, Royal DSM N.V., and Aum Enzymes.