The global food enzymes market size is expected to reach USD 3,309.9 Million at a revenue CAGR of 6.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for food enzymes from food beverage industry. Enzymes are used in various applications such as in cheese making, bakery items, production of fruit, starch processing, and beverages and drinks. These ingredients enhance texture, nutritional value, appearance, and generate desirable aroma and flavor.
Enzymes are used as an alternative to existing chemical-based technologies and are replacing synthetic chemicals in various processes. Enzymes also help in enabling eco-friendly production processes, through biodegradability and lower energy consumption during production. Surging demand for food beverages with high nutritional value and better flavor is driving revenue growth of the global food enzymes market.
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The report further sheds light on the competitive landscape of the Food Enzymes market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the RD and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Some of the key participants in this industry include:
Amano Enzyme Inc., Enzyme Bioscience Pvt. Ltd., DuPont, Royal DSM, Biocatalysts Ltd., Novozymes, Kerry Group, Associated British Foods PLC, Puratos Group, and Chr Hansen Holding A/S.
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Emergen Research has segmented the global food enzymes market on the basis of source, product type, application, and region:
Source Outlook (Revenue, USD Million; 2018–2028)
Microorganisms
Animals
Plants
Product Type Outlook (Revenue, USD Million; 2018–2028)
Carbohydrase
Amylase
Cellulase
Lactase
Others
Protease
Lipase
Polymerases
Nucleases
Others
Application Outlook (Revenue, USD Million; 2018–2028)
Food
Bakery Confectionery Products
Meat Products
Dairy Products
Nutraceuticals
Others
Beverages
Brewing Products
Juices
Fortified Beverages
Others
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Food Enzymes Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Questions addressed in the report:
What is the estimated market growth rate throughout the forecast period?
Which end-use industry is expected to witness the highest demand for Food Enzymes in the near future?
What is the regulatory framework governing the application of Food Enzymes in the food industry?
Which manufacturing processes are utilized for the production of Food Enzymes?
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