Global Food Enzymes Market 2015-2020 - Growth, Trends And Forecasts for the $2.69 Billion Industry
Jun 10, 2015, 12:27 ET
DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/tfv7vq/global_food) has announced the addition of the "Global Food Enzymes Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The food enzymes market was valued is expected to reach US$ 2695 million by 2020, with a CAGR of 8.1% for the forecast period of 2015-2020. Food enzymes are sourced from micro-organisms and new technologies are emerging to produce genetically modified organisms strains. The enzymes thus produced are anticipated to perform in adverse operational conditions, thus improving process efficiency.
The demand for processed and packaged 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 intact the nutritional content and maintain the shelf life. Apart from these reasons, the increasing penetration of organized retail in urban and rural centers globally seem to drive the need for food enzymes. The key restrains the market faces is in terms of unclear regulatory process and high Research and development costs.
The report is segmented based on enzymes types which include Carbohydrases, proteases and Lipases. carbohydrases dominate the market followed by proteases and lipases. Food enzymes find major application in Bakery, Dairy & Frozen products, Enzymes, Meat products, Oils and Fats among others. Bakery is the largest application market, as food enzyme are used to improve dough stability and shelf life of end products. Increased use of enzymes in cheese processing is driving the use of enzymes in dairy industry, which is the second largest application market followed by the beverages industry.
In terms of regions, North America leads the market with a share of 35% followed by Europe and Asia Pacific which constitute 28% and 25% of the global share. In North America, US constitutes the largest market. Asia-Pacific, Latin America and Africa are expected to be the fastest growing regions for enzymes with India, Brazil and South Africa expected to become growing markets. The rising disposable incomes, demand for convenience foods and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. Europe is expected to see a slow growth as the European Union has recently imposed a legislation to assess the risks associated with the use of enzymes in food industry.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
- Cargill Inc
- Kerry Group
- Jiangsu Boli Bioproducts Co. Ltd
- Enmex SA DE CV
- Tate & Lyle Plc
- Archer Daniels Midland(ADM)
- Sunson Industry Group Company Limited
- CP Kelco
- Chr. Hansen
- AB Enzymes
For more information visit http://www.researchandmarkets.com/research/tfv7vq/global_food
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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