Outlook on the World Food Enzymes Market to 2024 - Select Major Players are Expanding Their Global Presence by Acquiring Manufacturers in Foreign Countries

6/13/2019, 11:54 AM (Source: GlobeNewswire)

Dublin, June 13, 2019 (GLOBE NEWSWIRE) -- The "Global Food Enzymes Market 2019-2024: Growth, Trends and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Global food enzymes market is forecasted to grow at a CAGR of 8% during the forecast period (2019-2024).

  • The demand for packaged and processed foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep the nutritional content intact and maintain the shelf life.
  • Apart from this, the increasing penetration of organized retail in urban and rural centres globally drive the food enzymes market. The environment-friendly production process, waste reduction and energy saving in the food industry, and increased demand in food and feed industries are driving the market.

Key Market Trends

Increase of Food Enzyme Usage in Bakery Applications

Bakery products consist of several products like bread, pastries, doughnuts and rolls. Food enzymes act as a catalyst for biochemical reactions which offer quality improvements in bakery products. The bakery is the largest application market for food enzymes. Bakery products are prominent in North America and Western Europe. Asia-Pacific is the fastest growing region for bakery foods, with Australia, India and China being the main drivers. In Australia, there is an increase in demand for Food enzymes in bakery applications due to restrictions in the use of chemical additives, especially in the manufacture of bread and other fermented products.

North America Emerges as the Market Leader

North America is the largest market for enzyme applications in food industries. High consumption of meat and meat products in the region is one of the key factors augmenting the food enzymes market. The United States is the market leader of enzyme production and consumption at the regional and global level attributed to increased expenditure in premium quality products and consumer preference for processed foods incorporated with naturally sourced ingredients.

Competitive Landscape

Global food enzymes market is fragmented attributed to a large number of players involved in the market. Active companies involve in new product development, expansion and acquisition, to sustain with the market competition. Some of the major players are expanding their global presence by acquiring manufacturers in foreign countries. While companies such as DuPont, are investing in marketing and branding to increase their product promotion and achieve a strong sale.

Key Topics Covered

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study


3.1 Market Overview

4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis

5.1 By Application
5.1.1 Bakery
5.1.2 Confectionery
5.1.3 Dairy & Frozen Desserts
5.1.4 Meat Poultry & Sea Food Products
5.1.5 Beverages
5.1.6 Others
5.2 Geography
5.2.1 North America United States Canada Mexico Rest of North America
5.2.2 Europe Spain United Kingdom Germany France Italy Russia Rest of Europe
5.2.3 Asia Pacific China Japan India Australia Rest of Asia-Pacific
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle East & Africa South Africa United Arab Emirates Rest of Middle East & Africa

6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kerry Inc.
6.4.2 DuPont
6.4.3 Koninklijke DSM N.V.
6.4.4 Chr. Hansen Holding A/S
6.4.5 Jiangsu Boli Bioproducts Co. Ltd.
6.4.6 ENMEX
6.4.7 ABF Ingredients
6.4.8 Novozymes


For more information about this report visit https://www.researchandmarkets.com/r/nbnmk8

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Related Topics: Enzymes , Food Additives


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