Description

According to reports food enzymes market is estimated to be valued at USD 2.35 billion in 2021 and is projected to reach USD 3.6 billion by 2027, recording a CAGR of 6.2% during the forecast period 2021 to 2027. Enzymes are the protein molecules which are present in all living things. Enzymes are major food additives, generally used to break down complex molecules into simple molecules for the proper digestion. In addition, Food Enzymes Market speed up and target chemical reactions in food and beverages. This market has grown as a result of rising environmental concerns, urbanisation, rising disposable income, and developments in R&D activities. Furthermore, technological breakthroughs such as enzyme engineering and the introduction of genetically altered enzymes have aided the food industry’s expansion. Enzymes aid many processes such as digestion, metabolism and elimination of waste in humans and animals and also plays very crucial role in muscle contraction. The enzymes are extensively used in food industry for various purposes. These enzymes can be obtained by extraction from plants or animals or by fermentation of enzymes. Food enzymes are added to perform a technological function in manufacture, processing, preparation and treatment of foods. Market players present in global food enzymes market are engaged in development of the new Whole Foods Market Digestive Enzymes and product launches for strengthening their Digestive Enzyme Supplements market position. For instance, in November 2015, E. I. du Pont de Nemours and Company launched Powermill Enzyme, that reduces the wheat conditioning time up to 50% and reduces the consumption of energy up to 10%. Similarly, in July 2014, ingredients company Koninklijke DSM N.V. launched a new enzyme for industrial berry juice production “Rapidase Pro Colour”, primarily in Europe and bit also in North America in organic products. Furthermore, companies operating in these market also focusing on mergers, acquisitions and collaborations as their key strategies to increase their market share. For instance, in August 2017, Advanced Enzymes Technologies acquired Evoxx Technologies GmbH to boost its market share in the market.

 

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