Market Research Report
Germany Food Enzymes Market-Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||936043|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Germany Food Enzymes Market-Growth, Trends, and Forecast (2020 - 2025)|
|Published: May 1, 2020||Content info: 80 Pages||
The German food enzymes market is projected to register a CAGR of 5.2% during the forecast period (2020-2025)
Increasing Application in the Bakery Sector
The growing popularity of low-carbohydrate diets is one of the major factors driving the increasing per capita consumption of baked goods as well as frozen baked goods among consumers, under different demographics in the country. As the per capita consumption of bakery goods is increasing, it is actively accelerating the demand for different food enzymes, primarily amylases, proteases, lipases, and others. Manufacturers, such as DuPont, offer a range of food enzymes with applications in different baked products, such as bread, buns, rolls and sweet goods, tortillas, cakes, and other sweet bakery goods. The presence of a wide range of food enzymes, particularly for bakery products, and increasing sales of baked products are the two major factors that have led to the increasing application of food enzymes in this segment.
Increasing Demand for Non-GMO Food Enzymes
The on-going trend of clean-labeled food products, with non-GMO being one of the fastest-growing claims in the country, is one of the major factors driving the demand for non-GMO food ingredients, including food additives such as food enzymes, in the market. There is a substantial increase in the sales of organic food and beverage products which is yet another segment driving the demand for non-genetically modified food enzymes across the country. The strong demand for clean-labeled and organic food and beverages among German consumers is primarily due to increasing awareness about the negative effects associated with the consumption of genetically modified food ingredients. This provides a great platform for the food enzymes manufacturers to expand their non-GMO product offerings and tap into this highly potential market.
Some of the major players in the market are DuPont, BASF, Chr. Hansen AS, Associated British Foods PLC (AB Enzymes), Archer Daniels Midland Company, and others. There is a need for amendments to develop a set of guidelines to regulate the market. Some of the major players are expanding their presence in the country by acquiring domestic manufacturers. Companies, such as DuPont, are investing in marketing and branding to increase their product promotion and achieve strong sales.