Market – Overview Food Enzymes Market
Food enzymes present within foods assist in the metabolism process of breaking foods during digestion. The global food enzymes market report by Market Research Future (MRFR) outlines the salient features of food enzymes as well as several developments to increase its role in the digestion of fast foods and convenience foods. The report comprises drivers, trends, opportunities, and challenges for the period of 2018 to 2023 (forecast period).
Market Scope
The global food enzymes market is set to accumulate massive demand due to the ever-growing food industry. Its gargantuan reach is obvious to the inclination of customers craving for convenience foods and on-the-go foods. The hectic pace of urban lifestyles can push customers towards packaged foods. Convenience foods contain food enzymes to prevent microbial spoilage and alleviate food production. The large awareness levels among customers can be beneficial to the market.
The market can face a steady demand rate owing to development of novel production techniques which include the extraction of enzymes from microbes and plants. Applications of amylases in starch liquefaction, brewing, and baking for improving quality and flavor in breads is a prime instance of such techniques. Investments in research and development as well as the emphasis on balanced diets by consumers can shape the global food enzymes market share in the coming years.
Segmentation
The global food enzymes market trends is segmented by type, source, and application.
By type, it is segmented into lipase, carbohydrase, protease, and others. Among them, the lipase segment holds the major market share. Lipases are used in breaking down fats during digestion. Meanwhile, proteases are showcasing extraordinary growth owing to its high usage in food beverage products.
By source, the market is segmented into microorganism, plant, animal, and others. Plant-based food enzymes are anticipated to retain their dominance throughout the forecast period. The segment is projected to register a healthy growth rate during the given period owing to increasing consumer demand for green label, packed, and food frozen products.
By application, the market is segmented into ready meals, bakery confectionery, fats spreads, sweet savory snacks, dairy frozen desserts, oils, beverages, and others. The dairy frozen desserts segment is dominating the market due to increasing demand for food enzymes in dairy products. This segment is projected to grow at a massive rate during the forecast period due to increasing per capita disposable income levels of customers.
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Regional Analysis
The global food enzymes market report covers North America, Europe, Asia Pacific (APAC), and Rest-of- the-World (RoW).
North America is set to dominate the global market due to high usage of food enzymes by food manufacturers. Preference of foods made from natural sources can drive the demand for enzymes. Plants are a major source of oils from which extraction of enzymes occur. The emphasis on flavor and encouragement of production techniques which can provide aromas to satiate customers can fuel the global food enzymes market growth till 2023.
APAC is expected to exhibit a robust CAGR over the forecast period with China pegged to lead the market. The large birth rate in economies of India and China can spur the demand for pre-processed infant foods. Foods suitable for the baby’s digestive system and distinct patterns of food breakdown among adults can influence market demand.
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