Food Enzymes Market to Exhibit 7.4% CAGR to 2021 - Bakery Dominates
PUNE, India, July 8, 2016 /PRNewswire/ --
Global food enzymes market is projected to reach a value of $2.94 billion by 2021, at a CAGR of 7.4% from 2016 propelled by the increasing demand of food enzymes in end-use applications such as bakery, dairy, beverages, and processed foods while Latin America region is projected to be the fastest-growing market from 2016 to 2021.
Complete report on global food enzymes market spread across 172 pages, profiling 10 companies and supported with 84 tables and 52 figures is now available http://www.marketreportshub.com/food-enzymes-industry-research-marketsandmarkets.html .
This report analyzes the food enzymes market, in terms of type, application, source, formulation, and region. The food enzymes market has grown rapidly in the last few years and this trend is projected to continue over the next five years.
On the basis of application, the food enzymes market is segmented into beverage, processed food, bakery, dairy, confectionery, and others. Among all the applications of food enzymes, the bakery segment is estimated to be the largest application in 2016 and this trend is likely to remain same till 2021. The growth of bakery applications along with rising popularity of baked products among consumers is driving the food enzymes market in bakery application.
North America dominated the global food enzymes market in 2015 in terms of value. The Latin America region is projected to be the fastest-growing market from 2016 to 2021. However, it is still in the early growth phase. Asia-Pacific is projected to be the second-fastest-growing food enzymes market during 2016-2021. The markets are growing in China and India due to the increasing disposable incomes of the population, the growing urban population, and the increasing distribution of key players such as E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Novozymes A/S (Denmark), and Chr. Hansen A/S (Denmark).
Carbohydrase accounted for the largest market share in the food enzymes market in 2015 and is projected to be the largest type of food enzymes during 2016-2021. Carbohydrase comprises amylase, cellulose, pectinase, lactase, and some other enzymes which form vital ingredients in food and beverages consumed daily.
Amylase is mainly used in industries because of its cost effectiveness, less time-consuming processes, and as it is easy to modify and optimize the manufacturing process. Cellulase is mainly used in the juice, dairy, and alcohol industries, and other food & beverage-processing industries. Lactase is one of the fastest-growing types of carbohydrase food enzymes due to increasing number of lactose-intolerant consumers.
Leading players in the food enzymes market are E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (The Netherlands), Novozymes A/S (Denmark), and Chr. Hansen A/S (Denmark). Other players include Dyadic International, Inc. (U.S.), Advanced Enzymes (India), Puratos Group (Belgium), and Amano Enzyme Inc. (Japan). Order a copy of Food Enzymes Market by Type (Carbohydrase, Protease, Lipase), Application (Beverage, Processed Food, Dairy, Bakery, Confectionery), Source (Plant, Microorganism, Animal), Form (Lyophilised Powder, Liquid), & by Region - Global Forecasts to 2021 research report at http://www.marketreportshub.com/purchase?rpid=1482 .
In the process of determining and verifying, the global food enzymes market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (45%), Tier 2 (35%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Directors Level (22) C-Level (28%) and others (50%) from various key organizations operating in the global food enzymes market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (25%), APAC (18%) and RoW (12%).
On a related note, another research on Technical Enzymes Market Global Forecasts to 2021 says, the technical enzymes market has grown rapidly in the last few years and is projected to reach a value of USD 1.27 billion in 2021, at a CAGR of 3.4% from 2016 to 2021. Bioethanol is the fastest-growing application in the technical enzymes market. North America dominated the global technical enzymes market in 2015 and China and India is the future of the technical enzymes industry. Companies like BASF SE, E.I. duPont de Nemours and Company, Associated British Foods Plc, Koninklijke DSM N.V. and Novozymes A/S have been profiled in this 162 pages research report available at http://www.marketreportshub.com/technical-enzymes-industry-research-marketsandmarkets.html .
Explore more reports on Food & Beverage market at http://www.marketreportshub.com/categories/food-beverage .
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