North America Food Enzymes Market to register $1.3bn sale by 2024 - Reuters

 

North America Food Enzymes Market to register $1.3bn sale by 2024

North America Food Enzymes Market to register $1.3bn sale by 2024

Wed Jan 23, 2019 - 09:30am UTC

Carbohydrases will acquire a major share in the food enzymes market crossing USD 1.8 billion business by 2024 owing to growing enzymes demand for prominent carbohydrases type such as amylase, pectinase, lactase, and cellulase will remain a key factor driving demand.

Selbyville, United States – January 23, 2019

Beverages applications of food enzymes market are likely to dominate the industry, registering over 50 kilotons demand by 2024. Rising consumption of beverages among different class of societies across the globe will result in increased product penetration. Provision of benefits such as increased processing capacity and economy enhancement in beverage industry will further propel the industry growth.

North America is expected to capture highest share in the global market and witness over 6.1% CAGR up to 2024. Rising trend for nutritional diet patterns, especially in U.S. will essentially support the regional growth. Increasing consumption of fortified meat, processed and canned products across the region has resulted in proliferating enzymes demand among the food manufacturer.

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According to the report global food enzymes Market size will surpass USD 3.6 billion by 2024. Asia Pacific food enzymes market will grow rapidly, witnessing over 7.5% CAGR from 2017 to 2024. Rising acceptance from various applications such as beverages, dairy, and RTE items along with high demand for convenience products will primarily drive the regional industry growth.

Increasing consumer awareness regarding nutritional benefits offered by enzymes has resulted in increased product demand, thus driving the food enzymes market penetration. The strong application outlook for the food & beverage industry for product quality enhancement along with high acceptance from the bakery and confectionery applications to bread quality standardization and flour reduction level will escalate demand.

To browse key industry insights spread across 500 pages with 1891 market data tables & 9 figures & charts from the report, “Food Enzymes Market Size By Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases/Hemicellulase, Cellulase, Pectinase, Lactases], Polymerases & Nucleases, Phytases, Catalases), By Application (Beverages, Processed Food, Diary, Bakery, Confectionary), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Sweden, Austria, Poland, Russia, Spain, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Kuwait, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents, please click on below link:
https://www.gminsights.com/industry-analysis/food-enzymes-market

Carbohydrases will acquire a major share in the industry crossing USD 1.8 billion sales by 2024. Growing demand for prominent carbohydrases type such as amylase, pectinase, lactase, and cellulase will remain a key factor driving demand. These ingredients are significant in F&B industry and witness high consumption regularly. Phytase will exhibit over 7% CAGR till 2024 owing to its benefits in absorption of vital materials including magnesium and calcium, as well as and reduction of phytic acid.

Royal DSM, Danisco, BASF, Lumis, Aumgene Biosciences, Enmex, Advanced Enzymes, and AB Group are among the noticeable participants in the food enzymes market. Other prominent industry players include Chr. Hansen, Enzyme Innovation, Thermo Fisher Scientific, Hayashibara Co., and Enzymes Solutions. Competitors are indulging in partnerships to strengthen their position in the industry.

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Food enzymes market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Food Enzymes Market, By Product
• Proteases
• Lipases
• Carbohydrases
• Amylases
• Xylanases/Hemicellulase
• Cellulase
• Pectinase
• Lactases
• Polymerases & Nucleases
• Phytases
• Catalases
• Others

Food Enzymes Market, By Application
• Beverages
• Processed Food
• Dairy
• Bakery
• Confectionary
• Others

Browse Full Table of Contents (TOC) @ https://www.gminsights.com/toc/detail/food-enzymes-market

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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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/pressrelease/food-enzymes-market

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