Fruit & Vegetable Enzymes Market | Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2023

Market Overview:

The growth of the beverage industry has led to the increase in demand for fruit & vegetable juices, resulting in the demand for enzymes. The enzymes used in the production process of juices break down cell walls in fruits & vegetables and discharge the liquid & sugar contents. The global fruit & vegetable enzymes market share in the foods and beverages industry is escalated by the rising demand for convenience food products in the developed countries. Fruit & vegetable enzymes are found to have multi-purpose application in various other industries, amongst which the application in the food and beverages is increasing at a higher rate.

The increasing application of amylase enzyme in the food & beverage industry to improve the quality of the final product has surged the demand for fruit and vegetable enzymes at a global level. They are significantly used in industrial applications as it is cost-effective, reduces the time of the process, and it easily modifies and optimizes the process. Increasing demand for convenience food is one of the major factors contributing to the growth of the global fruit & vegetable enzymes market.

Increasing demand for foods and beverages is driving the growth of the fruit & vegetable enzymes market. Furthermore, development of processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the global fruit & vegetable enzymes market.

However, fruit & vegetable enzymes have been facing many challenges due to safety regulations regarding the use of these enzymes in food and beverage products. Additionally, low stability of these enzymes is affecting the growth of the market at a global level. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of the fruit & vegetable enzymes in the global market. The global fruit & vegetable enzymes market is expected to grow at a CAGR of 6.5% during the forecast period 2017-2023. 

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Competitive Analysis:

The major players in the fruit & vegetable enzymes market

I. du Pont de Nemours and Company (U.S.)
Associated British Foods plc (U.K)
Koninklijke DSM N.V. (the Netherlands)
Novozymes A/S (Denmark)
Advanced Enzyme Technologies Ltd. (India)
Groupe Soufflet (France)
Jiangsu Boli Bioproducts Co., Ltd. (China)
Sunson Industry Group Co Ltd. (China)
Biocatalysts Limited (U.K)
Amano Enzyme Inc. (Japan)
Downstream Analysis:

The global fruit & vegetable enzymes market is segmented into type, application, and form.

On the basis of the type, it is segmented into pectinase, amylase, protease, cellulase, and others. Among all, the amylase enzyme segment is dominating the market followed by protease enzyme due to its low cost.

On the basis of the application, the fruit & vegetable enzymes market is segmented into fruits and vegetables. Among both, the fruit segment is dominating the market.

On the basis of the form, it is segmented into powder, liquid, and others. The liquid segment is dominating the market due to is its direct use in its liquid form in various beverage formulations.

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Regional Analysis:

The global fruit & vegetable enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the fruit & vegetable enzymes market followed by Asia Pacific owing to increasing demand for fruit and vegetable beverage products.

Key players in the fruit & vegetable enzymes market are largely located in North America and Europe. Key players from the U.S. and the U.K are following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand of fruit and vegetable juices, concentrates, and other beverages.

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This release was published on openPR.