Food Enzymes Market Rising at 7.5% CAGR to 2024: Analysis of Key Players Danisco, Novozymes, AB Enzymes, Chr. Hansen and DSM, Enmex, Advanced Enzymes, Lumis Biotech, Aumgene Biosciences, Specialty Enzymes and Biotechnologies, Hayashibara Co., and Thermo F

MarketStudyReport.com offers 2017 report on global Food Enzymes market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Changing consumer preference towards nutritional diet along with expanding food & beverage sector will drive food enzymes market. Factors such as improved and quick processing, advancement in biotechnology and ability for modification on large scale likely to propel product penetration rate. Rising concern towards environment-friendly manufacturing process in the food & beverage sector is further influencing the product application scope.

North America food enzymes market is projected to hold over 36% market share in 2024. Rapid development in dairy and bakery industries owing to urbanization and increasing consumer awareness strongly supporting the regional growth. The U.S provides over 300 types of cheese varieties in the international market. In 2016, total cheese production was recorded more than 12.6 billion pounds, over 3% up from 2015.

Global food enzymes market share is consolidated in nature owing to the presence of dominating players including Danisco, Novozymes, AB Enzymes, Chr. Hansen and DSM. Other noticeable players are Enmex, Advanced Enzymes, Lumis Biotech, Aumgene Biosciences, Specialty Enzymes and Biotechnologies, Hayashibara Co., and Thermo Fisher Scientific. Companies are involved in expansion and growth strategies to gain a notable share due to highly competitive market. For instance, in November 2017, Royal DSM formed a joint venture with Amyris, Inc to enhance its production capacity and customer base.

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Stringent government regulations regarding consumer safety are expected to propel demand for bio-based materials and limit the application of harmful chemicals. Rising awareness regarding product benefits along with high acceptance from various applications such as dairy, beverages, confectionary, and processed items will majorly support food enzymes market expansion. Growing convenience food consumption in India, China, Brazil and Mexico owing to increasing disposable income will support product demand.

Strong application outlook as biocatalysts to increase the production rate, highly required for alcoholic and non-alcoholic beverages will augment product demand. Globally, rising demand for beverages owing to changing dietary patterns coupled with rising disposable income will create new business opportunities for manufactures. Provision of benefits such as increased processing capacity and economy enhancement in beverage industry will further influence industry.

Food Enzymes market through restaurants and bars is expected to value over USD 6 billion by 2024. Busy lifestyle and urbanization inculcating the habit of eating out are among the key factors driving the product demand particularly in developing economies. Increased socializing and rising consumer spending will support the market demand through this sales channel.

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Europe Food Enzymes market accounted for over USD 3.5 billion in 2017 and is expected to grow at a substantial rate owing changing consumption pattern towards healthier alternatives and relatively lower product retail price. Increasing product availability and expanding distribution network in the region will fuel the product demand in the region. Increasing competition in the region owing to entry of globally renowned brands in the Food Enzymes segment is augmenting the product adoption in the region. For instance, Heineken launched its non-alcoholic beer ?Heineken 0.0? in 2017 which helped the company to gain a significant market share in the European market.

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Table of content:
Chapter 1 Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.3. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2 Executive Summary
2.1. Food enzymes industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends

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