According to Data Bridge Market Research new Market report, global food enzymes market accounted to USD 2.1 billion in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025.
Global Food Enzymes Market
Food enzyme helps in improving the nutritional properties and enhancing the quality of food and beverage products. Enzymes are additives which act as natural proteins and are derived from animals, plants and microbial sources. They help to simplify the food processing steps that directly uplift the food quality. These enzymes are added to improve the texture, organoleptic properties and flavors of foods and beverages.
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Global food enzymes market is segmented on the basis of source, type, formulation, application and geography.
By Source (Microorganisms, Bacteria, Fungi, Plants, Animals), Type (Carbohydrase, Protease, Lipase, Others), Formulation (Lyophilized powder, Liquid, Others), Application (Beverages, Processed foods, Dairy products, Bakery products, Confectionery products, Others)and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN FOOD ENZYMES MARKET
Rising prevalence of undernourishment across the world
According to Food and Agriculture Organization of the United Nations, the number of undernourished people has increased from about 804 million in 2016 to approximately 821 million in 2017. Globally, the numbers of undernourished individuals are increasing since 2014. The share of such people across the world has reached to 10.9 percent in 2017 from 10.8 percent in 2016. Thus, the increasing number of undernourished people has a direct impact on the use of food enzymes in different industries.
Key Market Competitors:
Few of the major competitors currently working in the food enzymes market are Rossari, Chr. Hansen Holding A/S, Biocatalysts, Amano Enzyme Inc., Dyadic International Inc., AB Enzymes, LEVEKING, DowDuPont, Nagase ChemteX Corporation, Novozymes, Puratos, Jiangsu Boli Bioproducts Co. Ltd., Sunson Industry Group, LUMIS, ENMEX, Advanced Enzyme Technologies, Maps Enzymes Ltd., Engrain Inc., Aum Enzymes, Associated British Foods plc, Brenntag Holding GmbH, Kerry Group plc, Enzyme Development Corporation, Noor Enzymes Pvt. Ltd., and Specialty Enzymes & Probiotics..
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