Food Enzymes demand is expected to grow on account of changing lifestyles and eating habits. The rising demand for processed food and functional foods is driving demand for food enzymes. The process advantages offered by food enzymes is expected to augment market demand over the forecast period.
The global Food Enzymes market was valued at USD 2.08 billion in 2016 and is projected to reach USD 3.88 billion by 2025, growing at a CAGR of 7.20% from 2017 to 2025.
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1. Market Drivers
1.1 Environment friendly manufacturing process
1.2 Growing demand for processed food
2. Market Restraints
2.1 Technological barriers in brewing industry
2.2 Restricted temperature and Ph operational range
The global Food Enzymes market is segmented on the type, core phase, technology, and region.
1. By Type:
2. By Application:
2.1 Processed Food
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3. By Formulation:
3.1 Lyophilized Powder
4. By Source:
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
1. Amano Enzyme Inc.
2. EI Du Pont De Nemours
3. Advanced Enzymes Technology Limited
4. Puratos Group
5. Koninklijke DSM NV
6. Biocatalysts Limited
7. Chr. Hansen Holdings A/S
8. Novozymes A/S
9. Associated British Foods PLC
10. Jiangsu Boli Bioproducts Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Food Enzymes market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports