Food Enzymes Market Future Forecast and analysis (2021-2027) | UnivDatos

According to UnivDatos’ research report “Food Enzymes Market”, the Global Food Enzymes market is projected to grow at a CAGR of % during 2021-27. A rise in disposable income and a rise in awareness about healthy food, the demand for processed and organic food are some of the factors driving the growth of the global market.

A rise in the per capita incomes in countries such as the United States and Canada coupled with the emerging culture of packaged and process food is one of the prime factors which are resulting in the growing demand for enzymes associated with the production of food and beverages. As per Statista, the value of organic processed food in the united states is expected to reach USD 21.39 bn by 2020, up from USD 14.96 bn in 2016.

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Consumer increasingly prefers nutritionally rich healthy food, which in turn leads to its increased production by food processors. Hence, with the growing need to meet the nutritional requirement of the population, nutritional food manufactures are increasingly incorporating enzymes into their products, thereby driving the growth of the global food enzymes market. As per a survey on food and nutrition attitudes, 54% of Americans said people in the U.S. pay more attention to eating healthy foods today compared with 20 years ago.

The lockdown in countries, supply chain disruption, and the global recession also impacted the food enzyme business across the globe. Trade disruptions potentially affect future access to inputs for low-income countries that purchase their fertilizers, chemicals, and improved seeds from abroad. Highly concentrated markets on the input supply side (especially for fertilizers) amplify the risk to input importers. According to data published on a finance blog in April 2020, the impact on revenue generation of specialty enzymes companies will experience a massive decline during the first quarter of 2021.  

Based on the Type, the carbohydrase segment acquired the major market share and grabbed US$ XX Mn revenue from the global Food Enzymes market in 2020. The demand for carbohydrase type is proliferating on account of several benefits such as advantages to various food applications due to their cost-effectiveness, less time & space consumption, and ease in modification and optimization of the process. Carbohydrate-hydrolyzing enzymes are usually used in the bread-making industry.

Based on the Form Type, the solid form captured % in 2020 and generated a revenue of US$ Mn. . Solid-state enzymes exhibit interesting features such as considerably less water use, therefore more environmentally friendly, easier to downstream, decreased overall process cost, improved product stability

North America to Grab Lion’s Share, But the Asia Pacific to witness Explicit Growth

Based on the Region, the North America region dominated the global Food Enzymes market in 2020. The region grabbed US$ XX Mn from the global market. Moreover, the region is projected to maintain its dominance during the forecasted period 2021-27. However, the Asia-Pacific region is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Food Enzymes Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Food Enzymes market are DuPont, Associated British Foods plc, DSM, Novozymes, and Kerry Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc., and CHR. Hansen Holdings A/S. etc. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry. Some of the instances are:

·       In March 2021, IFF (a part of DuPont) announced the launch of Enovera 3001, an enzyme for the bakery industry in North America. It allows industrial bakers to formulate without compromising dough strength, texture, or taste.

·       In April 2021, IFF announced the launch of the Nurica enzyme in China, offering a new solution for dairy producers to create a premium product to fulfill consumer health needs while increasing profitability

• In January 2021, DuPont Nutrition & Biosciences (DuPont) launched NovaGARD NR 100-G, part of the DuPont Danisco range of antimicrobials, keeps meat products safe and high in quality throughout shelf life in the Middle East and Africa (MEA).

“Global Food Enzymes Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the Food Enzymes market across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.   

Click here to view the Report Description & TOC: https://univdatos.com/reports/food-enzymes-market   

Market Segmentation:

1.     By Type (Carbohydrase, Protease, Lipase, Others)

2.     By Form (Solid, Liquid)

3.     By Source Microorganism, Animals, Plant)

4.     By Application  (Bakery, Confectionery, Dairy and Frozen dessert, Meat, Poultry & Seafood products, Beverages, Others)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company (DuPont, Associated British Foods plc, DSM, Novozymes, and Kerry Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc., and CHR. Hansen Holdings A/S.)

Key questions answered in the study:

1.     What are the current and future trends of the Global Food Enzymes industry?

2.     How the industry has been evolving in terms of end-user demand and application areas?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Food Enzymes industry?

5.     What are the customer orientation, purchase behavior, and expectations from the Food Enzymes firms across various regions?

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