US Food Enzymes Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1921

18:02 EDT 12 Jul 2018 | BioPortfolio Reports

US is the market leader for enzyme production and consumption globally. It accounts for the 65% of the market share in North America. The total enzyme market was estimated to be USD 351 million in 2015 and is expected to grow at a CAGR of 5.8%. The market is driven by the increased consumption of processed food products, increased expenditure in premium quality products and consumer preference for the natural ingredients used in the products.

Increased Demand for Processed and Packaged Food

The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Apart from these reasons, the increasing penetration of organized retail in urban and rural centers globally seem to drive the need for food enzymes. The key restrains the market faces is in terms of unclear regulatory process and high research and development costs.

Food enzymes such as amylase, amylase and proteases play a major role since they are a key component in beer production. Enzymes play a vital role by increasing the volume of bakery products, leaven bread, allow the efficient utilization of raw materials, bleaching and strengthening of dough and improve the shelf life of bread and cakes.

Carbohydrases Dominate the Market

The report is segmented based on enzymes types which include carbohydrases, proteases and lipases. Carbohydrases dominate the market followed by proteases and lipases. The lipase market is growing with the fastest CAGR of 6.4%. Food enzymes find major application in Bakery, Dairy Frozen products, Enzymes, Meat products, Oils and Fats among others. Bakery is the largest application market, as food enzyme are used to improve dough stability and shelf life of end products. Increased use of enzymes in cheese processing is driving the use of enzymes in dairy industry, which is the second largest application market followed by the beverages industry.

North America has the largest protease market with a share of 46%, followed by Europe with 22% and AsiaPacific. In US, bakery accounts for the largest segment for enzyme consumption due to the increased demand of bread and bakery products in the region. This is followed by its application in the dairy and beverages industries.


Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter's five forces analysis

Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and noneconomic aspects

Country level analysis integrating the demand and supply forces that are influencing the growth of the market

Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players

3 months analyst support along with the Market Estimate sheet in excel.

Customization of the Report

Value chain analysis

Consumer behavior analysis in country level

Original Article: US Food Enzymes Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1921


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Enzymes are proteins that catalyze (i.e., increase the rates of) chemical reactions. In enzymatic reactions, the molecules at the beginning of the process, called substrates, are converted into different molecules, called products. Almost all chemical re...

Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...