Global Food Enzymes Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Food Enzymes market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global food enzymes market size was US$ 2101.7 million in 2021. The global food enzymes market is forecast to grow to US$ 4121.1 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Food enzymes are complex compounds that operate as catalysers and are widely utilized in the food processing industry to increase diversity, variety, and quality. Food enzymes are frequently employed in food processing because of their numerous benefits, which include, coagulation, flavour, texture, preservation, smell enhancement, and tenderization. Enzymes are widely utilized in the baking, fruit juice, and cheese-producing industries, as well as in brewing.
Factors Influencing the Market
Food enzymes are frequently employed in food processing because of their numerous benefits, which include texture, flavour, and smell enhancement, preservation, coagulation, and tenderization. Enzymes are widely utilized in baking, fruit juice, and cheese-producing industries. The wide applications of food enzymes will primarily drive the growth of the overall market during the forecast period.
The growing demand for processed food will also escalate the demand for food enzymes during the study period. Accompanied by that, the rising global population and changing lifestyles of people will drive the food enzymes market forward during the study timeframe.
Growing awareness related to the nutritional benefits of food enzymes will also contribute to the growth of the market. After the COVID-19 pandemic, choices of people are significantly shifting toward nutritional food. Apart from that, rules and regulations imposed by government bodies will also benefit the food enzymes market during the study period. On the flip side, a restricted pH operational range may limit the adoption of food enzymes during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for food enzymes increased. The consumer demand for packed food products increased due to food shortages and lockdown restrictions. As a result, it drove the growth of the food enzymes market. Moreover, the high shelf life of the packed food products drove the demand. Consumers also became more health conscious, which has been opportunistic for the food enzymes market.
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Regional Analysis
North America is expected to hold the highest share in the global food enzymes market due to changing lifestyles of people. The Asia-Pacific market for food enzymes will also record significant growth due to the rising demand for high-quality processed food and the rising population of the region.
Competitors in the Market
? AUM Enzymes
? DuPont
? Associated British Foods plc
? DSM
? Novozymes
? CHR. Hansen
? Kerry Group
? Jiangsu Boli Bioproducts Co., Ltd.
? Biocatalysts Ltd.
? Puratos Group
? Advanced Enzyme Technologies Ltd
? Amano Enzyme Inc.
? Koninklijke DSM
? Enzyme Bioscience Private Limited
? Antozyme Biotech Pvt Ltd
? Other Prominent Players
Market Segmentation
The global food enzymes market segmentation focuses on Type, Application, Source, and Region.
By Type
? Carbohydrase
? Lipase
? Protease
? Others
By Application
? Food & Beverages
? Processed Food
? Diary
? Bakery
? Confectionary
By Source
? Microorganisms
? Animals
? Plants
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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