Food and beverage enzymes are highly selective chemical catalysts that initiate metabolic reaction within unripe fruit and other food materials. The demand for enzyme consumption is expected to rise to 6.8 percent annually to $8.0 billion in 2015. These food and beverage enzyme include carbohydrates, protease and lipase enzymes. The global food enzyme market is expected to grow to $2.2 billion by 2018. Increase in demand for processed food products drive the food enzyme market. U.S. is one of the largest players in the food enzyme followed by China. Counterfeiting of food packaging decreases the growth for food enzyme. Food processing companies such as Novozymes A/S, Palsgaard A/S, Purac Biochem B.V. are facing problems due to counterfeiting activities. The problems faced by food enzyme manufacturing companies are expected to be resolved as the governments are taking initiatives to overcome the restraints. This report provides market forecast information about current trends and future expected growth in food enzyme market. It also provides current market trends and transition of these trends in future.
Key players in food enzyme industry include Novozymes A/S, Palsgaard A/S, Purac Biochem B.V., Royal Dsm N.V., Riken Vitamin Co.Ltd., Engrain, Associated British Foods Plc., Cargill Inc., David Michael & Co., Kerry Group.
KEY MARKET SEGMENTS
GLOBAL MARKET, BY TYPES
GLOBAL MARKET, BY APPLICATIONS
GLOBAL MARKET, BY SOURCES
GLOBAL MARKET, BY GEOGRAPHY
SIMILAR MARKET STUDIES
High-intensity Sweeteners Market by Type (Saccharin, Acesulfame Potassium (Ace-K), Sucralose, Neotame, Advantame, Steviol Glycosides, and Luo Han Guo Fruit Extracts (Monk Fruit)) and Application (Beverages, Bakery & Confectionery, Dietary Products, Dairy Products, Pharmaceuticals, Table Top Sweeteners, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
The global high intensity sweeteners (HIS) market was valued at $1,807million in 2016, and is anticipated to reach at $2,134 million by 2023, growing at a CAGR of 2.3% from 2017 to 2023. High-intensity sweeteners are commonly used as substitutes for sugar, owing to their low-calorie content and higher. Moreover, HIS are ideal alternatives to sugar and other caloric sweeteners such as high-fructose syrup.
July 2017 | $5370 | View Details >>
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