Market Research Report
Canada Food Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||389579|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Canada Food Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 80 Pages||
Canada food enzymes market is projected to grow at a CAGR of 4.61% during the forecast period (2020 - 2025).
Bakery Enzymes Drive the Market
Bakery products, due to their significant nutrient value and affordability, are consumed on a high scale. The demand for baked goods in Canada has moved from the traditional bread consumption trend to the increasing consumption of bakery goods, such as pancakes, cupcakes, croissants, and rolls. This, in turn, has surged the demand Associated ingredients including bakery enzymes. Food enzymes are used as an invaluable aid in the production of bakery items, such as bun, bread, cake, biscuit, and others. Food enzymes offer several benefits to food processors during the production process, in terms of quality, yield, and time, making it highly desirable for manufacturers to incorporate bakery enzymes in the formulation.
Carbohydrases Held the Largest Market Share
With extensive use of enzymes like amylase, cellulase, xylanase, and pectinase, in diversified applications, the category Carbohydrases emerged as the most preferred enzyme by food manufacturers. Nonetheless, the enzyme also facilitates the production of growing several sugar substitutes and conventional sugars syrups such as glucose, fructose, and inverted sugar syrups, and prebiotics. Beverage manufacturers are progressively using carbohydrases in beverages in order to improve the sensory properties of juices and wines and to reduce lactose in milk.
Canada food enzyme market is highly fragmented owing to numerous players present at the regional and country levels. Some of the players who have been profiled in this report include ABF Ingredients, Novozymes, Kerry Inc., Tate & Lyle among others. The market sees opportunities for growth in the country as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.