Target Audience of US Food Enzymes Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
US Food Enzymes Market Report provides key statistics on the market status of the US Food Enzymes Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
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 α-amylase, β-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 Asia-Pacific. 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.
Major players: AB ENZYMES, NOVOZYMES, SUNSON INDUSTRY GROUP, CARGILL, TATE & LYLE, KERRY GROUP, DANISCO, PURATOS, CP KELCO
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 non-economic 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,
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Major companies covered in this Report:
- AB Enzymes
- Sunson Industry group
- Tate & Lyle
- Cargill Inc
- Kerry Group
- CP Kelco
Reasons To Purchase This Report
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This US Food Enzymes market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on US Food Enzymes market.