According to the report published by Allied Market Research, the global food enzymes market accounted for $1906.7 million in 2020 and is projected to garner $4124.7 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
Rise in demand for processed food, increasing trend of immobilized enzyme technology, and advent of clean label food enzymes due to rise in concern of millennials toward food transparency have boosted the growth of the global food enzymes market. However, allergies of protease and peptides hamper the market growth. On the contrary, immobilized enzyme technology for food application is expected to create lucrative opportunities in the near future.
Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/110
The global food enzymes market is divided on the basis of type, application, source, and geography. Based on type, the market is categorized into carbohydrase, lipase, protease, and others. The carbohydrase segment dominated the market in 2020, accounted for nearly two-thirds of the market.
On the basis of application, the market is divided into bakery products, beverages, dairy products, and others. The beverages segment held the largest share in 2020, contributing more than two-fifths of the market. However, the bakery products segment is anticipated to grow at the fastest CAGR of 7.3% during the forecast period.
Based on source, the market is segmented into microorganisms, animals, and plants. The microorganisms segment held the lion’s share in 2020, contributing more than three-fourths of the market. Moreover, the segment is anticipated to manifest the fastest the CAGR during the forecast period.
Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/110
The global food enzymes market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific dominated the market is estimated to portray the fastest the CAGR during the forecast period.
The global enzymes market report provides an in-depth analysis of the major market player such as Advanced Enzyme Technologies, Aum Enzymes, Amano Enzyme Co., Ltd., DowDuPont, BASF, Chr. Hansen Holding A/S, Kerry Group PLC, Associated British Foods Plc. (ABF), Novozymes, and Royal DSM N.V.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.