GLOBAL FOOD ENZYMES MARKET FORECAST 2019-2027

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GLOBAL FOOD ENZYMES MARKET FORECAST 2019-2027

Inkwood Research estimates that the market for food enzymes will grow with an anticipated CAGR of 5.57% during the forecast period & will reach revenue of $3,500 million by 2027. The base year considered for the market study is 2018 & the forecasted period is between 2019 & 2027.

GLOBAL FOOD ENZYMES MARKET FORECAST 2019-2027

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Inkwood Research estimates that the market for food enzymes will grow with an anticipated CAGR of 5.57% during the forecast period & will reach revenue of $3,500 million by 2027. The base year considered for the market study is 2018 & the forecasted period is between 2019 & 2027.

Plant and animal cells contain enzymes in them, which are proved to be essential for natural biochemical processes in the body. Enzymes are crucial components for life sustenance because they are an essential part of every chemical reaction in the living being. For instance, they are the only substance that is capable of digesting food and minimizing enough to transfer through the gastrointestinal mucosa into the bloodstream. Enzymes are classified into 3 categories namely food enzymes which occur in raw food and, when present in the diet, initiates the process of digestion, digestive enzymes which are produced by the body carries out the task of breaking down the food into particles small enough to be carried across the gut wall and metabolic enzymes which are produced by the body so as to perform number of different complex biochemical reactions.

Global Food enzymes market is driven by:

  • Growth in food & beverages market
  • Change in the derivation process
  • Advancement in technologies
  • Changing consumer lifestyle

Growth in food & beverages market is considered as a prime driver for the growth of the global food enzymes market. The world has seen exponential growth in the number of food & beverage processors. Equally impressive has been the growth in associated food & beverage industry. Although food & beverage is a part of daily requisite, it is the convergence of clean label and health that has caused significant shifts in consumer awareness, outlook, and behavior. This changing landscape, in tandem with the upcoming trends and the market growth trajectory of the food enzymes that the world is experiencing fast growth of the food and beverage. This pace of growth is expected to continue in the foreseeable future, driven primarily by the consumer and foodservice operators

Bakery ingredients are the leading segment in terms of revenue in the global food enzymes market with around XX% market share in 2018.  Food enzymes, namely fungal alpha-amylases and malt, have been used in bread-making. Advancements in biotechnology have made new enzymes available for the baking industry. Demand for enzymes is expected to rise as consumers prefer natural products which are free of chemicals. For instance, enzymes are used as a replacement for potassium bromate, which is a chemical additive that has been banned in many countries.

On the other hand, global food enzymes market growth is hindered by restraining characteristics of enzymes and allergies. Enzymes are mostly sold in dry form, which has a higher possibility of contamination and exposure to air. Furthermore, enzymes may cause allergic reactions in some people. Also, people are prone to allergies with the food enzymes containing the following ingredients alpha-amylase, glucoamylase, papain, bromelain, pepsin, chymosin, rennet, xylanase, cellulase, and phytase. Allergies towards ingredients as mentioned above in food enzymes might negatively impact the growth of the global market. Besides, the presence of stringent regulations regarding biological products is expected to hamper the growth of agricultural enzymes market in the coming years.

Report scope of global Food enzymes market covers segmentation analysis of application, type, and source.

Market by Application:

  • Bakery products
  • Beverages
  • Dairy products
  • Others

Market by Type:

  • Carbohydrase
  • Lipase
  • Protease

Market by Source:

  • Microorganisms
  • Animals
  • Plants

On the basis of geography, the global food enzymes market has been segmented into four major regions:

  • North America: the United States & Canada
  • Europe: United Kingdom, Germany, France, Spain, Italy, Russia & Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
  • Rest of World- Latin America and Middle East & Africa

Geographically, North America is the largest market with a market share of 37.65% in terms of revenue in 2018. The two major countries of North America considered in the report include the U.S. and Canada. North America is the largest revenue contributor globally and is a mature market for food enzymes products. Early adoption of advanced technology in food & beverage industries and the introduction of new enzymes are the key driving factors of the North American food enzymes market.

Moreover, the increase in the number of food processing industries accelerates the growth of the food enzymes market in this region. The advancements in enzyme formulation have helped in finding new applications of enzymes in food & beverage apart from their conventional use. Moreover, the rise in demand for cold-adapted enzymes, the low production cost of enzymes, and high efficacy production boost the growth of the North American food enzymes market.

The market has several players & some of the key players involved in global food enzymes market are:

  • Associated British Foods PLC
  • BASF
  • Chr. Hansen Holding A/S
  • DowDuPont
  • Kerry Group PLC (KERRY GROUP)

In October 2017, BASF inaugurated enzyme-based production plant for bio catalyzed acrylamide in Nanjing, China. This expansion was done to expand its presence in China. In October 2018, Chr. Hansen acquired Austria-based dairy ingredient supplier Österreichische Laberzeugung Hundsbichler to expand its presence in the specialty cheese segment. In June 2018, DowDuPont launched POWERBake® 8000 enzymes for the bakery industry in South America. This product was launched to strengthen its business in South America.

Key findings of the global food enzymes market:

  • Carbohydrase dominates the food enzymes market
  • Bakery products are the major application of food enzymes
  • Microorganisms are increasingly used as the source of food enzymes
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • CARBOHYDRASE DOMINATES THE FOOD ENZYMES MARKET
      • BAKERY PRODUCTS IS THE MAJOR APPLICATION OF FOOD ENZYMES
      • MICROORGANISMS ARE INCREASINGLY USED AS THE SOURCE OF FOOD ENZYMES
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • GROWTH IN FOOD & BEVERAGES MARKET
      • CHANGE IN DERIVATION PROCESS
      • ADVANCEMENT IN TECHNOLOGIES
      • CHANGING CONSUMER LIFESTYLE
    • MARKET RESTRAINTS
      • RESTRAINING CHARACTERISTICS OF ENZYMES
      • ALLERGIES TO HINDER MARKET GROWTH
    • MARKET OPPORTUNITIES
      • NEW TECHNOLOGY FOR FOOD APPLICATION
      • RISING CONSUMPTION OF ORGANIC FOOD
      • FOCUS ON REDUCING COSTS AND IMPROVING QUALITY & SHELF LIFE
    • MARKET CHALLENGES
      • GOVERNMENT REGULATIONS AND POLICIES
      • IMPACT OF EUROPEAN CRISIS ON CONSUMER SPENDING IN BAKED GOODS CATEGORY
  1. MARKET BY TYPE
    • CARBOHYDRASE
    • LIPASE
    • PROTEASE
    • OTHER TYPES
  2. MARKET BY APPLICATION
    • BAKERY PRODUCTS
    • BEVERAGES
    • DAIRY PRODUCTS
    • OTHER APPLICATIONS
  3. MARKET BY SOURCE
    • MICROORGANISMS
    • ANIMALS
    • PLANTS
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VALUE CHAIN ANALYSIS
    • VENDOR LANDSCAPE
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE (ROE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC (ROAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • AMANO ENZYME CO., LTD.
      • ADVANCED ENZYME TECHNOLOGIES LTD.
      • ASSOCIATED BRITISH FOODS PLC
      • AUM ENZYMES
      • BASF
      • HANSEN HOLDING A/S
      • DOWDUPONT
      • KERRY GROUP PLC (KERRY GROUP)
      • NOVOZYMES A/S.
      • ROYAL DSM N.V.
      • INGREDION INCORPORATED
      • DAWN FOOD PRODUCTS, INC
      • ARCHER DANIELS MIDLAND COMPANY
      • PURATOS GROUP
      • THE BAKELS GROUP
      • CORBION NV
      • LESAFFRE GROUP
      • LALLEMAND
      • TATE & LYLE PLC

LIST OF TABLES

TABLE 1 GLOBAL FOOD ENZYMES MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2 GLOBAL FOOD ENZYMES MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 3 GLOBAL CARBOHYDRASE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4 GLOBAL LIPASE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5 GLOBAL PROTEASE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6 GLOBAL OTHER TYPES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9 GLOBAL FOOD ENZYMES MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 10 GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11 GLOBAL BEVERAGES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12 GLOBAL DAIRY PRODUCTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13 GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14 GLOBAL FOOD ENZYMES MARKET, BY SOURCE, 2019-2027 (IN $ MILLION)

TABLE 15 GLOBAL MICROORGANISMS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16 GLOBAL ANIMALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17 GLOBAL PLANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18 OPPORTUNITY MATRIX

TABLE 19 VENDOR LANDSCAPE

TABLE 20 GLOBAL FOOD ENZYMES MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 21 NORTH AMERICA FOOD ENZYMES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22 EUROPE FOOD ENZYMES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 23 ASIA PACIFIC FOOD ENZYMES MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24 REST OF WORLD FOOD ENZYMES MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1 GLOBAL FOOD ENZYMES MARKET SHARE, BY APPLICATION 2018 & 2027 (%)

FIGURE 2 GLOBAL CARBOHYDRASE MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3 GLOBAL BAKERY PRODUCTS MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4 GLOBAL MICROORGANISMS MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 5 GLOBAL FOOD ENZYMES MARKET, BY CARBOHYDRASE, 2019-2027 (IN $ MILLION)

FIGURE 6 GLOBAL FOOD ENZYMES MARKET, BY LIPASE, 2019-2027 (IN $ MILLION)

FIGURE 7 GLOBAL FOOD ENZYMES MARKET, BY PROTEASE, 2019-2027 (IN $ MILLION)

FIGURE 8 GLOBAL FOOD ENZYMES MARKET, BY OTHER TYPES, 2019-2027 (IN $ MILLION)

FIGURE 9 GLOBAL FOOD ENZYMES MARKET, BY BAKERY PRODUCTS, 2019-2027 (IN $ MILLION)

FIGURE 10 GLOBAL FOOD ENZYMES MARKET, BY BEVERAGES, 2019-2027 (IN $ MILLION)

FIGURE 11 GLOBAL FOOD ENZYMES MARKET, BY DAIRY PRODUCTS, 2019-2027 (IN $ MILLION)

FIGURE 12 GLOBAL FOOD ENZYMES MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 13 GLOBAL FOOD ENZYMES MARKET, BY MICROORGANISMS, 2019-2027 (IN $ MILLION)

FIGURE 14 GLOBAL FOOD ENZYMES MARKET, BY ANIMALS, 2019-2027 (IN $ MILLION)

FIGURE 15 GLOBAL FOOD ENZYMES MARKET, BY PLANTS, 2019-2027 (IN $ MILLION)

FIGURE 16 PORTER’S FIVE FORCE MODEL

FIGURE 17 VALUE CHAIN ANALYSIS

FIGURE 18 GLOBAL FOOD ENZYMES MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 19 UNITED STATES FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20 CANADA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION

FIGURE 21 UNITED KINGDOM FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22 GERMANY FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23 FRANCE FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24 ITALY FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25 SPAIN FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26 RUSSIA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27 ROE FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28 INDIA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29 CHINA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30 JAPAN FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31 AUSTRALIA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32 SOUTH KOREA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33 REST OF ASIA PACIFIC FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34 LATIN AMERICA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35 MIDDLE EAST AND AFRICA FOOD ENZYMES MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY TYPE
    • CARBOHYDRASE
    • LIPASE
    • PROTEASE
    • OTHER TYPES
  2. MARKET BY APPLICATION
    • BAKERY PRODUCTS
    • BEVERAGES
    • DAIRY PRODUCTS
    • OTHER APPLICATIONS
  3. MARKET BY SOURCE
    • MICROORGANISMS
    • ANIMALS
    • PLANTS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • REST OF EUROPE (ROE)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC (ROAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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