A
new market research report by Transparency Market Research, titled
“Food
Enzyme Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 – 2019,” provides a detailed evaluation
of the market for food enzymes. An evaluation has been provided for
market drivers, opportunities, and restraints impacting the growth of
the market. Porter’s five forces model and SWOT analysis have been
utilized and strategic developments of major market players have also
been included under this research report. The study is a compilation
of quantitative and qualitative assessment by top industry players
across the value chain. The report also presents the current,
projected, and historical market size on the basis of both value and
volume. It comprises information about the niche and potential
segments within the market along with presenting the current
developments and industry trends prevalent in the market.
As
per the report, factors such as the increasing demand for packaged
and processed food, increasing requirement for waste reduction and
food security, and the rising proliferation of organized retail
within urban and rural centers are amongst the chief factors fuelling
the market for food enzymes. In addition, the launch of new
technologies and the rising awareness among consumers on
nutrition-rich diets have also augmented the growth of the global
food enzyme market. On the other hand, the soaring costs of research
and development and restricted temperature and pH operational
conditions are amongst the chief factors restraining the growth of
the market for food enzymes.
In
terms of type, the market for food enzymes is segmented into
protease, carbohydrates, and lipase. These enzymes are majorly
utilized in bakery products and confectionaries, meat products,
frozen products, dairy, and oil and fats, among others.
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In
terms of geography, the global food enzymes market is segmented into
North America, Europe, Asia Pacific, and Rest of the World (RoW).
Amongst these, North America led the market for food enzymes owing to
increasing demand from the U.S. Factors such as the increasing
disposable incomes, the increasing demand for convenience foods, and
the rising awareness about nutrition-enabled food products have
stimulated the food enzymes market in Latin America, Africa, and Asia
Pacific. On the other hand, the Europe food enzyme market is poised
to experience sluggish growth in the forecast horizon from 2013 to
2019.
The
major players operating in the market are Puratos Group NV, Rossari
Biotech Limited, Chr. Hansen Holding A/S, Biocatalysts Limited,
Jiangsu Boli Bioproducts Co. Ltd, Sunson Industry Group Company
Limited, Royal DSM N.V., Amano Enzyme Inc., Lumis Biotech Private
Limited, Dyadic International Inc., and AB Enzymes GMBH, among
others.
