Alternative plant products are expected to drive demand for new enzyme solutions


Dublin, November 16, 2021 (GLOBE NEWSWIRE) – The “Global Opportunities for Food Enzyme Growth” the report was added to ResearchAndMarkets.com offer.

The objective of this research is to assess the advisability of using enzymes from food and drink as processing aids.

Enzymes are defined as specialized proteins that act as catalysts to speed up a specific reaction. In most cases, enzymes used in food are used as processing aids, when they help in the manufacture of food or food ingredients but have no function in the final product. Very few enzymes are used as additives or food ingredients and are functional in the final product.

The demand for “free”, healthy and clean food products is a key factor in the growth of food enzymes. Health-conscious consumers are pushing dairy and bakery formulators to rethink their labeling strategies. The global need for healthier products is expected to lead to the adoption of enzymes over chemical or synthetic processing aids.

The other prevailing trend in the baking and brewing industry is the use of local and ancient grains for the production of artisanal or artisan products. The increasing popularity of ancient and local grains should provide an opportunity for enzyme technologies, as working with ancient grains could pose formulation issues in terms of texture, smoothness and freshness.

Alternative herbal products are expected to drive demand for new enzyme solutions that can help formulators improve the texture and flavor profile of plant proteins while meeting clean label requirements.

The main categories of enzymes considered are carbohydrases, lipases, proteases and other enzymes, such as transferases and oxidoreductases.

The category of carbohydrases, which mainly includes amylolytic enzymes, lactases, pectinases and xylanases, is expected to account for the largest share of the total food enzymes market in 2020. Carbohydrases are used in all major application areas, such as as bakery, brewery, dairy. , and the transformation of starch.

Overall, beverages accounted for the majority of the share in 2020, followed by bakery and enzymes used in other application areas including starch, meat and seafood, and food processing. fats and oils. The demand for fresh, environmentally friendly and clean products will drive the adoption of enzymes as processing aids.

In the baking industry, the trend towards reduced food waste is another key driver for enzymes, as enzymes can help manufacturers produce high quality products with improved longevity and flexibility. Historically, enzymes were derived from animal sources; however, in recent decades, microbial sources have grown in importance.

In 2020, enzymes derived from microbes accounted for the largest share, followed by enzymes derived from plants which are expected to experience higher growth during the forecast period as the industry seeks more stable enzyme alternatives.

In terms of regions, Europe held the largest share of the food enzymes market in 2020, followed closely by North America. Greater adoption of enzyme technologies in different end applications, both in Europe and North America, are the key factors that increase the market share.

Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA), on the other hand, are expected to account for higher growth, driven by higher penetration. Formulators in the region are turning to enzymes to meet growing consumer demand for private label products. Across the APAC region, growth is expected in markets such as China, Japan, India and some countries in Southeast Asia.

In terms of a competitive environment, the food enzymes market is highly consolidated, with the top 4 global players holding the majority of the shares. Although there are a number of medium to small regional participants specializing in specific application areas, most innovations are driven by large multinationals such as Novozymes, IFF and AB Enzymes.

The companies mainly focus on organic growth strategies, with innovation and product portfolio expansion being the key approach to growth.

However, there is an important opportunity for them to collaborate and partner to develop new enzyme solutions. There is also an opportunity to develop enzyme technologies that can target high growth application areas (eg developing enzyme solutions for the dairy or plant-based meat industry).

Key topics covered

1. Strategic imperatives

  • Why is it more and more difficult to cultivate?

  • The strategic imperative

  • The impact of the three main strategic imperatives on the food enzymes industry

  • Growth opportunities fuel the growth pipeline engine

2. Growth Opportunity Analysis – Food Enzymes Market

  • Food Enzymes Market – Scope of Analysis

  • Executive Summary – Food Enzymes Market

  • Key questions this study will answer

  • Market segmentation

  • Market definitions

  • Growth drivers of the food enzymes market

  • Key competitors in the food enzymes market

  • Key growth indicators in the food enzymes market

  • Growth Driver Analysis for Food Enzymes Market

  • Growth constraints for the food enzymes market

  • Growth Restriction Analysis For Food Enzymes Market

  • Forecast Assumptions – Food Enzymes Market

  • Revenue Forecast – Food Enzymes Market

  • Revenue Forecast by Application

  • Revenue Forecast by Enzyme Type

  • Revenue forecast analysis

  • Revenue forecast by region

  • Revenue forecast analysis by region

  • Revenue forecast by source

  • Analysis of revenue forecasts by source

  • Competitive environment

  • Income share

  • Product mapping

3. Growth Opportunity Analysis – Bakery Enzymes Market

  • Key Growth Indicators for the Bakery Enzymes Market

  • Bakery Enzymes – Overview

  • Revenue Forecast – Bakery Enzymes Market

  • Revenue Forecast by Enzyme Type – Bakery Enzymes Market

  • Revenue Forecast by Region – Bakery Enzymes Market

  • Revenue Forecast Analysis by Enzyme Type – Bakery Enzymes Market

  • Revenue Forecast Analysis by Region – Bakery Enzymes Market

  • Product Launches by Major Manufacturers – Bakery Enzymes Market

4. Growth Opportunity Analysis – Dairy Enzymes Market

5. Growth Opportunity Analysis – Beverage Enzymes Market

6. Growth Opportunity Analysis – Other Food Processing Enzymes Market

7. Universe of Growth Opportunities – Food Enzymes Market

  • Growth Opportunity 1: Expansion of portfolio offering new enzyme solutions to meet changing demand for sustainable and clean ingredients

  • Growth opportunity 2: development of new enzymatic technology platforms to boost cross-sector applications

  • Growth opportunity 3: Product development to target new or high growth application areas and regional requirements

8. Next steps

Companies mentioned

For more information on this report, visit https://www.researchandmarkets.com/r/rt8pel

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