This report provides exclusive insights into the COVID-19 impact on the Food Enzymes Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Food Enzymes Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Food Enzymes Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on food enzymes market provides in-depth analysis of
segments and sub-segments in the global as well as regional food enzymes
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional food enzymes market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global food enzymes market. According to the
report, the global food enzymes market is projected to grow at a CAGR of 7.5%
over the forecast period of 2019-2025.
Enzymes are proteins that act as a catalyst for the
biochemical reactions and metabolic activities in the body. Enzymes help in
digestion, muscle contraction and elimination of waste in the body. The food
enzymes are extracted from animals, plants or by fermentation process involving
microorganisms. Modern commercial food enzyme production involves breeding of
optimized microorganisms and advanced biotechnology techniques for genetical
modification of organisms for obtaining enzymes with desired characteristics.
Alpha-amylase, glucoamylase, beta-glucanase, lipase, papin, chymosin, microbial
proteases, pectinase, lactase, cellulose, glucose oxidase, and some others are
major food enzymes. In food industry enzymes are used to breaking down glucose,
converting starch to other forms, enhancing flavor and reducing ripening time
of cheese, tendering meat, curdling the milk, processing animal and plant
protein, processing fruit pulps, additive to dairy products, converting
cellulose waste to fermenting feedstock and many others.
The increasing awareness about the nutritional benefits of
enzymes in processed food and expansion of the retail networks globally are
increasing consumption of processed food that in turn drives the growth of the
global food enzymes market. The increasing demand from the bakery,
confectionary and dairy products are expected to boost the growth of food enzymes market as enzymes find many applications in the processing of these products.
The increasing consumption of alcoholic and non-alcoholic beverages coupled
with an increase in demand for enzymes for the fermentation process in the food
and beverages industry and it is expected to fuel the growth of the food
enzymes market. Technological innovations related to enzymes based food
processing is anticipated to propel the growth of global food enzymes
market, as it will make processes cost effective and reduce the duration of the
process. Counterfeiting practices related to packaging, issues in the brewing
industry, stringent regulations regarding enzymes in some countries, unclear
regulatory frameworks in some countries, high costs related to research and development
are the major restraints in the global food enzymes market. The emergence of
applications for enzymes in nutraceutical products is expected to provide
opportunities for the major players in the global food enzymes market.
Among geographies, North America dominated the food enzymes
market followed by Europe and Asia-Pacific. In the North America region owing
to increasing consumption of meat products, cereals, and other processed food
products drives the demand for food enzymes market. Europe region is anticipated to attain
moderate growth due to the strict European union regulations related to
enzymes. However, the increasing demand for processed foods is expected to
drive the growth of food enzymes market in the Europe region. In the Asia-Pacific
region, increasing demand for processed foods in populous countries, such as
China and India, due to the change in lifestyle and food preferences involving
western food delicacies drives the demand for food enzymes market.
The report on global food enzymes
market covers segments such as type, source, and application. On the basis of
type, the sub-markets include carbohydrase, lipase, protease, and other types.
On the basis of source, the sub-markets include animals, plants, and
microorganisms. On the basis of application, the sub-markets include bakery, confectionery,
dairy, food& beverages, and other applications.
The report provides profiles of
the companies in the market such as Puratos Group N.V., Novozymes A/S, AB
Enzymes GmbH, Advanced Enzymes Technologies Ltd., Amano Enzyme Inc., Associated
British Foods Plc, AUM Enzymes, Dyadic International Inc., Jiangsu Boli
Bioproducts Co. Ltd, Koninklijke DSM N.V., and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as porter's five forces analysis and DRO
analysis of food enzymes market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.