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Global Market Insights, Inc. has added a new report on Food Enzymes market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Rising consumer awareness regarding nutritional and health benefits of food enzymes will drive the industry growth. Food & beverage industry has witnessed a strong application outlook for quality improvement and eliminating the deficiencies from the products. These enzymes are extensively used in bakery applications for reducing the protein flour level in crackers and biscuits, standardizing bread quality, and ensuring uniform browning of the bread. This will positively influence the food enzymes market over the next eight years.

Various end-users such as packaged food units and frozen food manufacturing industries are increasingly adopting these additional extracts for better product standardization and uniformity. The processing units make extensive usage of specialty additives to carry out environment-friendly processes, resulting in reduced raw material wastage, further escalating the revenue generation. Food enzymes are used as biocatalysts to increase the production rate. Moreover, they are highly required in alcoholic and non-alcoholic beverages to break down pectins present in the plant cell walls.  These benefits will propel the industry growth till 2024.

These additives are used in a variety of emerging applications including processed foods, bakery, and dairy. High demand for shelf life extension and optimization of production will remain key properties. Fermentation is a trend that has gained prominence in the food industry. The edibles are fermented, that results in the creation of numerous enzymes, amplifying their strength. Furthermore, high usage of these additives to enhance bioavailability of minerals, stabilization of beverages, and minimization of off-odors will induce immense potential to the industry growth.

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BASF, Royal DSM, Enmex, Advanced Enzymes, Danisco, AB Group, Lumis Biotech, Aumgene Biosciences, and Codexis Inc. are among the prominent participants in the food enzymes market share. Other noticeable players include Chr. Hansen, Specialty Enzymes and Biotechnologies, Hayashibara Co., Thermo Fisher Scientific, and Enzymes Solutions. Partnerships and collaborations are among the key strategies adopted by the competitors to enhance their foothold. For instance, in April 2015, Royal DSM extended its partnership with an ingredient distributor, IMCD N.V. to include France, Germany, Poland, Nordics, UK, Ireland, Benelux, etc. This partnership helped the company to enhance their product and technical offering, thereby increasing their customer base.

New product development is another strategy implemented by the industry players to enhance their prominence. For instance, in July 2017, DSM introduced an enzyme Tolerase G, for improving glutton free bread. The product is permitted to use in health supplements by EU for the consumers that follow gluten free diet.

Food enzymes are the key additives that are responsible for converting complex molecules to simple ones in our diet. They are sourced from micro-organisms and are genetically modified by emerging technologies. The final ingredient that are produced are likely to perform in severe conditions, thereby improving the process efficiency.

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North America is anticipated to dominate the global demand, crossing USD 1.3 billion sale by 2024. Strong demand for healthy and highly nutritional diet products, especially in U.S. will primarily contribute towards the revenue generation. Rising consumption of fortified cereals along with increased meat consumption, specifically among middle class population will further support the regional dominance. Increasing demand for processed product is another factor positively impacting the industry growth till 2024.

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These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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