Food Enzymes Market is estimated to exhibit over 7.5% CAGR from 2017 to 2024

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Global Food Enzymes Market to reach 3.6bn by
2024 Global Market Insights Inc.
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Key Insights from Food Enzymes Market

• 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.
• Numerous food processing units are extensively
  using these additives to attain
  environment-friendly processes, as these extracts
  are used as biocatalysts to increase the
  production rate.
• FB industry has witnessed various trends,
  significantly impacting the food enzymes market
  growth.
• These products are fermented, that results in
  creation of a number of enzymes, intensifying
  their strength. Moreover, high usage of these
  additives for stabilizing the beverages and
  minimizing the off-odors will instigate immense
  growth potential in the coming years.

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Continued...

• Carbohydrases will acquire a major share in the
  industry crossing USD 1.8 billion sales by 2024.
• 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.
• Beverages applications of food enzymes market are
  likely to dominate the industry, registering over
  50 kilotons demand by 2024.
• North America is expected to capture highest
  share in the global food enzymes market and
  witness over 6.1 CAGR up to 2024.
• Asia Pacific food enzymes market will grow
  rapidly, witnessing over 7.5 CAGR from 2017 to
  2024.
• Royal DSM, Danisco, BASF, Lumis, Aumgene
  Biosciences, Enmex, Advanced Enzymes, and AB
  Group are among the noticeable participants in
  the food enzymes market.

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North America Proteases Enzymes Market, By
Application, 2016 2024, (Kilo tons)

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