Food Enzymes Market to register commendable proceeds over 2019-2025: Global Market Insights, Inc. As per a recent industry report put forward by Global Market Insights Inc., Food Enzymes Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 3.6 billion with a projected CAGR of 7.5% over 20192024. Rising health concerns along with consumer awareness pertaining to nutritional benefits will drive food enzymes market share over the forecast timeframe. Consumers across the world have been shifting towards nutritional diets that provide food rich in enzymes which in turn has boosted the product demand. Advancing biotechnology, enhanced processing along with an ability to be modified on a large scale will encourage product penetration.
Increasing concerns regarding the product quality and adoption of eco-friendly process of manufacturing in the food & beverage sector will enhance the scope of enzyme application. The additives are essentially used in several food processing units in order to achieve environment-friendly processes, fueling food enzymes industry trends. It results in reduced wastage of raw materials which triggers a shift in the preference of the end-users. There has been a high amount of adoption of carbohydrase, protease, and lactases in a number of applications segments like confectionary, bakery and dairy due to surge in the demand for uniformity and a prolonged shelf-life. Growing consumption for convenience food in countries like China, Mexico, Brazil, and India on account of high disposable income at hand will foster food enzymes market size over the projected time period. Expanding food & beverage sector has been experiencing several trends that have impacted global market growth. Demand for fermented food has been on a rise and has offered significant growth prospect to businesses. The products are fermented, creates a large number of enzymes by increasing their strength. Additionally, wide use of such additives to minimize the off-odors and stabilize the beverage will stimulate consumption of enzymes. Food enzymes industry share from carbohydrases will exceed USD 1.8 billion in sales by the year 2024. There has been consistently rising demand for specific types of carbohydrases like lactase, cellulase, amylase, and pectinase that are the key factors in driving the demand for food enzymes. These ingredients are highly utilized and consumed in the food and beverage industry.
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