Food Enzymes Market to exhibit over 7.5% CAGR by 2024
Category: #business  By Partha Ray  Date: 2019-09-12
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Food Enzymes Market to exhibit over 7.5% CAGR by 2024

Global Market Insights, Inc. provides a detailed overview of Food Enzymes Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Novozymes’ strategy has helped core food enzymes market players realize that the establishment of innovation centers may prove highly useful to develop legally approved products. More precisely, earlier in most of the European countries, food enzymes were regulated as processing aids, however, recently, safety regulations have been set up for enzyme production and usage. On these grounds, enzyme manufacturers have been setting up new research labs to manufacture products that adhere to the standard norms. The collaborative contribution of regulatory bodies, end-users, and industry players will have significant impact on food enzymes market share.

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Speaking along the same lines, recently, Archer Daniels Midland Co. commenced a new enzyme laboratory in California to provide global access to advanced research facilities for the scientific community regarding nutrition and food science. In addition to promoting R&D activities, the firm has signed on an additional agreement with Qingdao Vland Biotech Group Co., Ltd. to develop and commercialize enzymes for maintaining nutrition and health of living organisms.

Since the last few years, the F&B sector has been witnessing a huge demand for enzymes, however, the time frame has also observed a substantial wastage of edible food. In response to this, many biotechnology companies are establishing innovation centers for developing enzymes that could tend to minimize the food wastage. For instance, a month ago, the well-known biotechnology company, Novozymes inaugurated a new Innovation and Technology Center in Turkey for producing enzymes which could help curb food waste across the MEA region.

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As per estimates, last year, the F&B sector has witnessed a 9% growth owing to the increasing number of developments in the baking and brewing businesses across MEA. The data received from Bread Producers Federation of Turkey claims that 10% to 20% of loaves of daily produced bread is wasted due to the inflexibility of flatbread. In accordance, the Innovation and Technology Center plans to enhance the durability of bread and improve the crumb quality.

By using newly developed enzymes, bakers will now be able to manufacture healthier and tasty bread. The increasing usage of enzymes in various bakery products will thus have a commendable impact on food enzymes industry. Indeed, estimates have it on record that food enzymes market size from bakery applications will grow at a CAGR of 8% over 2017-2024.

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With the favorable involvement of biotechnology companies, food enzymes market magnates plan to develop a diverse variety of products that will help them attain appreciable gains. The development of research centers to avoid food wastage and the subsequently rising production and acceptance of qualitative consumable food are certain to help augment food enzymes market outlook in the ensuing years. As per statistics, food enzymes industry size will be pegged at a revenue of more than USD 3.6 billion by the end of 2024.

Focusing on the shifting trends toward the consumption of healthy and quality food, pivotal contenders of food enzymes market have lately been making heavy investments in the development of innovative product solutions. Taking into account the escalating business opportunities in this vertical, biotech firms have also been penetrating food enzymes industry. A recent instance justifying the same is that of Novozymes, one of the leading producers of enzymes, focusing on product innovation preferentially for food and beverage applications, for which the firm has developed technology and innovation centers across major geographies.

Partial Report Content:

Chapter 1    Methodology & Scope

1.1.    Methodology

1.1.1.  Initial data exploration

1.1.2.  Statistical model and forecast

1.1.3.  Industry insights and validation

1.1.3.  Definitions & forecast parameters

1.2.    Data sources

1.2.1.  Primary

1.2.2.  Secondary

Chapter 2    Executive Summary

2.1.    Food enzymes industry 3600 synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Application trends

2.1.4.  Regional trends

Chapter 3     Food Enzymes Industry Insights

3.1.     Industry segmentation

3.2.    Industry landscape, 2013 - 2024

3.3.    Industry ecosystem analysis

3.3.1.  Distribution channel analysis

3.3.2.  Profit margin trends

3.3.3.  Vendor matrix

3.4.    Industry impact forces

3.4.1.  Growth drivers

3.4.1.1.  Food & beverages industry expansion

3.4.1.1.1   Growth and development in baking industry

3.4.1.1.2   Increasing baby food demand

3.4.1.1.3   Penetration in brewing industry

3.4.1.1.4   Growing demand from juice and other beverage products

3.4.1.1.5   Potential scope in dairy applications

3.4.1.1.6   High demand as a meat tenderizer

3.4.2.  Industry pitfalls & challenges

3.4.2.1.  Lack of standardized regulatory guidelines

3.5.    Food enzymes that work for specific application

3.6.    Concentration and primary purification of food enzymes

3.7.    Growth potential analysis, 2016

3.8.    Regulatory landscape

3.8.1   U.S.

3.8.2   Europe

3.8.3   China

3.8.    Technology & innovation landscape

3.9.    Pricing analysis, by product

3.9.1 Regional pricing

3.9.1.1 North America

3.9.1.2 Europe

3.9.1.3 Asia Pacific

3.9.1.4 Latin America

3.9.1.5 MEA

3.9.2 Cost structure analysis

3.10.    Raw material trends

3.11.    Porter’s analysis

3.12.    Competitive landscape, 2016

3.12.1 Market share analysis

3.12.2 Patents & licensing

3.12.3 Strategy dashboard

3.12.3 Key stakeholders

3.12.4 R&D scenario of food enzymes

3.13.    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
Phone: 1-302-846-7766
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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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