Enzymes Market Progresses for Huge Growth to 2026 by Global Top Players - Sanofi S.A., BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc., and AB Enzymes.
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Digestive enzymes such as amylase, gelatinase, and lipase have the ability to convert food into usable compounds. Metabolic enzymes including acetyl coenzymes A and Phosphoglycerate Dehydrogenase are generated in the body and help in the optimal functioning of organs and tissues, while also regulating blood flow. Food enzymes such as lactase, lipase, and protease are extracted from milk, sugar, oil, meat, and nuts among others.
Enzymes Market Outlook – Consumer Preference towards Functional Food to Drive Market Growth
Growing health concerns due to the increasing sedentary lifestyle among the populace, has led to a greater emphasis on creating and perpetuating healthcare awareness by various government and private organizations. This, in turn, has resulted in consumer awareness of the reduced disease risk attributes of functional foods, thus increasing the demand for it. These factors are expected to drive growth of the enzymes market over the forecast period. Enzymes are used to manufacture functional foods. Enzymes such as protease, lipase, amylase, and cellulose are used in functional foods to enhance its functional attributes, including enhanced digestion, anti-oxidation, decreased cell aging, and nutrient properties. For instance, in order to lower cholesterol count, omega 3 fatty acids and probiotic yogurts are used as functional foods. Many scientists and researchers claim that omega 3 fatty acids also improve brain functioning. According to a study conducted by Coherent Market Insights, the global functional food market is estimated to reach US$ 65 billion by 2024 and is estimated to exhibit at a CAGR of over 15% over the forecast period.
Enzymes Market Taxonomy
On the basis of source, the global market is classified into:
On the basis of product type, the global market is classified into:
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Key players operating in the global enzymes market include Sanofi S.A., BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc., and AB Enzymes.
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