Food Enzymes Market

Food Enzymes Market worth $3.2 billion by 2023

The report "Food Enzymes Market by Type (Carbohydrase, Protease, Lipase), Application (Beverages, Bakery Products, Dairy Products, Confectionery Products, Processed Foods), Formulation (Lyophilized Powder and Liquid), Source, and Region - Global Forecast to 2023" The Food Enzymes Market Is Projected To Account for a Value of USD 3.2 Billion By 2023 With the increasing prevalence of diseases among consumers, manufacturers focus on offering high-quality food products that are nutrition-dense. In addition, retailers prefer accommodating shelves for food products with an enhanced shelf life. Due to the increasing demand for food products that are rich in nutrition and have extended shelf life, manufacturers are increasingly utilizing food enzymes. According to MarketsandMarkets, the food enzymes market is projected to account for a value of USD 3.2 billion by 2023, recording a CAGR of 6.9%.

Browse 269 market data Tables and 34 Figures spread through 193 Pages and in-depth TOC on "Food Enzymes Market by Type (Carbohydrase, Protease, Lipase), Application (Beverages, Bakery Products, Dairy Products, Confectionery Products, Processed Foods), Formulation (Lyophilized Powder and Liquid), Source, and Region - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/food-enzymes-market-800.html

The Carbohydrase Segment To Be a Leading Revenue Contributor in the Food Enzymes Market During the Forecast Period

For enhanced digestion of food products, manufacturers are focusing on utilizing food enzymes such as carbohydrase. Of the various types, carbohydrase is considered one of the major enzymes and witnesses a high demand in the food & beverage industry. It helps to break down carbohydrates into simple sugar, which improves digestion. Owing to these factors, the carbohydrates segment is projected to dominate the food enzymes market during the forecast period.

The Demand for Food Enzymes To Remain Concentrated in the Bakery Segment During the Forecast Period

High consumption of bakery products among consumers has led to the increasing demand for ingredients such as gluten lipids, enzymes, wheat flour, non-starch polysaccharides, and starch. With the addition of enzymes to the dough, manufacturers focus on shortening the baking period and prevent early staling of bread. Due to these factors, food enzymes continue to remain a preferred alternative to chemical additives in the bakery industry.

The Food Enzymes Market To Record the Fastest Growth in Asia Pacific Throughout 2023

In parallel to the growing population in various countries of Asia Pacific, the demand for different food products is projected to remain high. As manufacturers focus on catering to the increasing demand from consumers for high-quality food products in a shorter period, the market for food enzymes is projected to increase in this region over the coming years. In addition, rising awareness about the benefits of food enzymes is widening lucrative growth opportunities for manufacturers. On account of these factors, the market is projected to record the fastest growth in the region during the forecast period.
Leading players in the food enzymes market focus on adopting strategies such as acquisitions, new product launches, agreements, and expansions to improve their presence in the market. Some of the key players identified in the market include Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), and Chr. Hansen (Denmark).

Overall, the food enzymes market is projected to witness significant growth during the forecast period. With the increasing demand for food products in retail outlets, manufacturers are focusing on utilizing feed additives to shorten the production time and offer premium-quality products. These factors are projected to contribute to the growth of the market significantly.

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Report Code
FB 1264
PR Published ON
9/25/2018
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