Food Enzymes Market: Global Industry Analysis and Opportunity Assessment 2017-2024 GMI Estimate

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Food Enzymes Market to exceed 3.6bn by 2024
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Key Insights from Food Enzymes Market

• Food enzymes Market size will surpass USD 3.6
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. 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. This leads to a considerable
  reduction in raw material wastage, resulting in
  shifting preference of the end-users.
• FB industry has witnessed various trends,
  significantly impacting the global market growth.
  Fermentation of food is an emerging trend, that
  has gained traction among the industry
  participants. 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.
  However, excessive RD costs and strict and
  critical guidelines to handle enzymes production
  and usage may hamper the industry growth over the
  next eight years.

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Continued...

• 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.
• 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.
• Royal DSM, Danisco, BASF, Lumis, Aumgene
  Biosciences, Enmex, Advanced Enzymes, and AB
  Group, 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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North America Proteases Enzymes Market, By
Application, 2016 2024, (Kilo tons)

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