$3.2 Bn Food Enzymes Market 2018 - Global Forecast to 2023

10/1/2018, 3:13 PM (Source: GlobeNewswire)

Dublin, Oct. 01, 2018 (GLOBE NEWSWIRE) -- The "Food Enzymes Market by Type, Application, Formulation, Source, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global food enzymes market is estimated at USD 2.31 billion in 2018 and is projected to reach USD 3.23 billion by 2023, at a CAGR of 6.9% during the forecast period.

Some of the major factors driving the market are demand for improved food quality, increasing demand for processed food, and growing awareness about healthy and nutritional food. The major restraining factors for the food enzymes market include changing legislation and lack of consistency in safety regulations.

Lipase is an enzyme involved in the hydrolysis of fats or lipids. It acts as a catalyst and breaks down oils and solid fats into compounds. Its major function is aiding the digestion, transport, and processing of dietary lipids. Lipase acts critically in cheese and yogurt fermentation. It is mainly used in the bakery, dairy, and oil & fat industries. It is one of the fastest-growing enzymes. The market for lipase is growing because of its application in the dairy industry.

Food enzymes in the liquid formulation are generally less stable than solids, though they have greater activity and better functionality. The liquid formulation of enzymes is supplied as a liquid solution, which is sprayed on the pellets. This type of formulation is easy to handle. However, it is subject to spillage or splashing; is unstable; is sensitive to rapid attacks by other ingredients; and is susceptible to physical and chemical degradation.

The North American market is projected to account for the largest share during the forecast period. This is attributed to factors such as increase in consumer demand for healthy processed food. American consumers, however, are calorie conscious, due to which low-calorie and low-fat foods are popular in the US.

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. The growth is majorly attributed to the increasing demand from China and India, as the food & beverage industry in these countries is growing at a rapid pace.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Food Enzymes Market
4.2 Food Enzymes Market Size, By Type & Region
4.3 Asia Pacific: the Fastest-Growing Market for Food Enzymes
4.4 Food Enzymes Market Size, Developing vs Developed Countries
4.5 Food Enzymes Market, By Formulation & Region

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Reaction Specificity
5.2.1.2 Improving Food Quality
5.2.1.3 Increasing Demand for Processed Food
5.2.1.4 Environment-Friendly Manufacturing Process
5.2.1.5 Growing Awareness About Healthy and Nutritional Food
5.2.1.6 Waste Reduction and Energy Savings in Food Processing
5.2.2 Restraints
5.2.2.1 Restricted Temperature and PH Operational Range
5.2.2.2 Changing Legislations and Lack of Consistent Safety Regulations
5.2.3 Opportunities
5.2.3.1 Large Number of Emerging Applications
5.2.3.2 Innovative Technological Platforms
5.2.3.3 Growing Demand for Nutraceutical Products
5.2.3.4 Replacing Traditional Chemicals in Various Industries
5.2.4 Challenges
5.2.4.1 Changes in Food Enzymes Safety Regulations in Europe

6 Food Enzymes Market, By Type

6.1 Introduction
6.2 Carbohydrase
6.2.1 Amylase
6.2.2 Cellulase
6.2.3 Lactase
6.2.4 Pectinase
6.2.5 Others
6.3 Protease
6.4 Lipase
6.5 Others

7 Food Enzymes Market, By Application

7.1 Introduction
7.2 Beverages
7.3 Processed Food
7.4 Dairy Products
7.5 Bakery Products
7.6 Confectionery Products
7.7 Others

8 Food Enzymes Market, By Formulation

8.1 Introduction
8.2 Lyophilized Powder
8.3 Liquid
8.4 Others

9 Food Enzymes Market, By Source

9.1 Introduction
9.2 Microorganisms
9.2.1 Bacteria
9.2.2 Fungi
9.3 Plants
9.4 Animals

10 Food Enzymes Market, By Brand

10.1 Introduction
10.2 Novozymes Gluzyme
10.3 Novozymes Novamyl
10.4 Brewers Clarex
10.5 Maxilact
10.6 Panamore
10.7 Rapidase
10.8 All-Q
10.9 Cakezyme
10.10 Tolerase
10.11 Biobake
10.12 Rohapect
10.13 Rohalase
10.14 Veron Xtender
10.15 Powerflex
10.16 Ha-Lactase
10.17 Brewers Compass

11 Food Enzymes Market, By Region

12 Competitive Landscape

12.1 Overview
12.2 Market Ranking
12.3 Competitive Scenario
12.3.1 New Product Launches & Developments
12.3.2 Expansions & Investments
12.3.3 Acquisitions
12.3.4 Agreements & Partnerships

13 Company Profiles

13.1 Dowdupont
13.2 Associated British Foods PLC (ABF)
13.3 DSM
13.4 Novozymes
13.5 Chr. Hansen
13.6 Brenntag Pte. Ltd.
13.7 Kerry Group
13.8 Jiangsu Boli Bioproducts Co. Ltd.
13.9 Biocatalysts Ltd.
13.10 Puratos Group
13.11 Advanced Enzyme Technologies Ltd.
13.12 Amano Enzyme Inc.
13.13 Enzyme Development Corporation
13.14 Enmex, S.A. De C.V.
13.15 Aumgene Biosciences

For more information about this report visit https://www.researchandmarkets.com/research/xrzxm9/3_2_bn_food?w=12

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Enzymes , Food Additives

22157.jpg

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.