Market – Overview
Food enzymes have created a niche market for themselves due the innumerable advantages that they offer. Market Research Future, which focuses on market reports related to Food, Beverages & Nutrition sector among others, have lately published a report on this market. The sector is expected to grow at a formidable CAGR rate and will amass high level of revenues in the forecast period.
Health issues related to the digestive care have increased at a rapid rate in the past few years. Lack of nutrients are also addressed by the use of these enzymes. Individuals who have issues related to their digestive health are increasingly adapting this product so as to counter this issue effectively. Digestive health drinks can be easily identified as the novel segment which is emerging in this industry and also having a positive impact on the market.
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Industry Segments
The international market for food enzymes globally by type comprises of amylase, rennet, invertase, lipase, protease, lactase, and others such as papain, lipoxygenase, actinidin, catalase and pectinase. The origin type of food enzyme includes bacterial enzymes, fungal enzymes, yeast enzymes, plant enzymes and animal enzymes. The application type of the sector includes sea food & products non-alcoholic beverages, bakery, meat & meat products, dairy products, alcoholic beverages, processed food, confectionery and others.
Detailed Regional Analysis
The industry for food enzymes covers regions such as Europe, Asia Pacific, North America, and Rest of the World (RoW). North America is leading the market followed by the Asia Pacific region due to the growing demand for convenience food between the advanced countries in these regions. Germany, the U.S., Canada, the U.K, and China are the foremost importers of food enzymes. Moreover, the main important players are dynamically involved in the R & D of the product compliant to the North American regulations for the usage of food enzymes.
Moreover, growing demand for foods & beverages is also backing up the development of food enzymes sector in the North American region including countries such as Canada and U.S.
Global Competitive Analysis
The chief strategies for long-term growth in this sector can be attained by confirming continuous process enhancements and financial flexibility to spend in the prime strategies as they arise. Companies are trying to amass a considerable portion of the market division as early as possible with effective business plans that can fill this gap and confirm control of the dynamics of the rivalry in the market. The entry of pioneering companies is creating a rapidly-evolving a trend of volume intensive growth. This has enabled the development of varied assortments of produce kinds. Effective business policies targeted to fill this gap and gain control of the dynamics of the competition existing in the market.
The significant players profiled in Food Enzymes Market are Chr. Hansen A/S (Denmark), Dyadic International, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Novozymes A/S (Denmark), Amano Enzyme Inc. (Japan) and Koninklijke DSM N.V. (The Netherlands) to name a few.
Latest Industry News:
Jan 2018 Vland Biotech Group Co., Ltd. and Archer Daniels Midland Company have agreed to a joint growth contract for the expansion and commercialization of enzymes for applications in animal feed. Additionally, ADM will launch a fresh U.S. enzyme research and development lab in California that will openly support undertakings in the joint development arrangement. Vland will also carry out research and development in its research laboratory in Qingdao, which will be advanced to a novel state-of-the-art site.
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