Food enzymes market forecast by key companies: Advanced Enzymes, BASF, Aumgene Biosciences, AB Enzymes, Enmex, and Royal DSM
Date: 2018-07-26   Author: Sunil Hebbalkar  Category: #market

Food enzymes market forecast by key companies: Advanced Enzymes, BASF, Aumgene Biosciences, AB Enzymes, Enmex, and Royal DSM

The growing realization among the masses with respect to the nutritional and health benefits of food enzymes will reportedly drive food enzymes market over 2017-2024. The ability of enzymes to enhance food quality, lifespan, and mineral absorbing capability will further stimulate the product demand across numerous F&B verticals, augmenting the industry growth.

Five trends prevalent in food enzymes market:

  • Reliable sources claim carbohydrases to account for more than 45% of food enzymes industry share by 2024. Amylase is one of the important ingredients included in carbohydrase, preferred mainly owing to its notable benefits including cost effectiveness, ease of modification, & optimization of manufacturing processes.
  • As per estimates, by the end of 2024, beverages will cover more than 30% of food enzymes industry share. Food enzymes are being prominently used in beverages to improve their yield, accelerate clarification, and extract the insoluble materials.
  • Reports cite that with the rising consumer preference for nutritional meals, phytase food enzymes industry will register an annual growth rate of more than 7% over 2017-2024. Phytase has the capability to absorb minerals such as calcium, magnesium, and iron which are considerably important for bone health and digestive processes.
  • Apparently, the usage of food enzymes in consumable products results in an increased product shelf life. In this regard, food enzymes are extensively used in bakery applications for reducing the protein level of biscuits, increasing dough stability, and maintaining bread quality. Reportedly, over the coming years, food enzymes industry size from bakery applications will grow at a CAGR of more than 8% over 2017-2024.
  • Regionally, North America food enzymes market will generate a revenue of USD 1.3 billion by the end of 2024, owing to the surging consumption of highly nutritional and healthy diet products mainly across the U.S.

The competitive spectrum of food enzymes market is seemingly quite diverse inclusive of companies like Advanced Enzymes, BASF, Aumgene Biosciences, AB Enzymes, Enmex, and Royal DSM that have been consistently brainstorming unique growth strategies to augment the industry expansion.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

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