Global Food Enzyme Market: Overview
The food enzyme market is in growth mode due to the increasing awareness about the health and nutritional benefits of food enzymes. This has led to the increasing adoption of food enzymes across several food applications such as frozen foods manufacturing industries and packaged foods units among others. In food manufacturing units, the use of food enzymes facilitates the process to be more environment-friendly, thereby resulting in reduced wastage of raw material and reduced greenhouse gas emissions.
Food enzymes are removed from micro-organisms using new technologies and impart anti-stale, digestive, and softening properties to food, thereby increasing their shelf life. Enzymes such as protease, lipases, and carbohydrates are commonly used in bakery, meat products, dairy and frozen foods, confectioneries, oils and fats, and others.
The report presents a detailed assessment of the global food enzyme market analyzing the market indicators, market trends, and growth opportunities that will impact the progression of the market during the 2016-2024 period. The report is presented after an extensive research phase and after receiving useful insights from industry experts. The report is compiled in a chapter-wise format, with each chapter discussing a specific aspect at length.
A detailed analysis of the current vendor landscape is included in the report. This includes a competitive profile of the key market players and indices of their strengths, weakness, opportunities, and threats during the forecast period. The report also examines the business growth strategies and R&D activities that these companies are engaged in by means of partnerships and alliances.
Global Food Enzyme Market: Drivers and Restraints
The rising demand for processed and packaged food, increasing need for food security and waste reduction, rising consumer awareness of nutrition-rich diet, rising penetration of organized retail channels in urban and rural areas, and the introduction of new technologies are the major factors driving the global food enzyme market. However, factors such as high costs of R&D, counterfeiting of food packaging, unclear and inconsistent regulatory processes, restrictions pertaining to temperature and pH range, and constraints in the brewing industry are restraining the growth of the food enzyme market.
Global Food Enzyme Market: Regional Overview
The regional segments of the global food enzymes market are North America, Asia Pacific, Europe, and Rest of the World. North America is the largest regional market for food enzymes due to the strong demand for healthy foods that are high in nutrition, with maximum demand exhibited from the U.S. Asia Pacific and the rapidly developing economies of Latin America and Africa are expected to emerge as significant markets for food enzymes. This is mainly due to the increasing awareness about nutrition-fortified food products and the increasing consumption of ready to eat convenience foods. However, Europe is expected to witness slow growth in the food enzymes market due to the recent implementation of legislation that gauges the risks associated with food enzymes.
Major Companies Mentioned in Report
Some of the leading companies operating in the global food enzyme market are Rossari Biotech Limited, Chr. Hansen Holding A/S, Biocatalysts Limited, Amano Enzyme Inc., Dyadic International Inc., AB Enzymes GmbH, Shenzhen Leveking Bio-Engineering Co. Ltd., E.l. Du Pont de Nemours & Company, Nagase Chemtex Corporation, Novozymes A/S, Puratos Group NV, Jiangsu Boli Bioproducts Co. Ltd., Sunson Industry Group Company Limited, Royal DSM N.V., Lumis Biotech Private Limited, Enmex SA DE CV, Advanced Enzymes Technologies Limited, Maps Enzyme Limited, Engrain, and AUM Enzymes.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.