Global Food Enzymes Market 2016-2020
Enzymes are complex proteins that help accelerate reactions and catalyze biochemical reactions. They increase the reaction rates by lowering the activation energy of the reactants. Small quantities of enzymes are enough to increase the reaction rates up to a million times on account of their specific mode of action. Most of the enzymes are found to function in a narrow set of conditions related to factors such as acidity and temperature. About 2,500 enzymes have been identified that aid more than 3,000 biochemical processes, including assisting metabolism and other vital processes, in humans.
Technavio’s analysts forecast the global food enzymes market to grow at a CAGR of 7.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global food enzymes market for 2016-2020. To calculate the market size, the report considers a top-down approach in different application segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Food Enzymes Market 2016-2020
Technavio recognizes the following companies as the key players in the global food enzymes market: Amway, BASF, DuPont Danisco, DSM, Novozymes, AB Enzymes, Amano, Aum Enzymes, Nutriteck, and Roche.
Commenting on the report, an analyst from Technavio’s team said: “Developments in protein engineering will be a key trend for market growth. Protein engineering refers to the design of new enzymes or proteins with new functions by changing amino acid sequences by employing recombinant DNA technology. Food enzymes are gaining momentum in the manufacture of products in the different application sectors because of their effective catalytic properties. New developments in biotechnology and protein engineering are providing a platform for the efficient development of enzymes with improved properties.”
According to the report, one of the key drivers for market growth will be prospects for food enzymes in dairy industry. The production of dairy products such as cheese and lactose-free milk products requires many enzymes. Lipases, lactase, proteases, esterases, and catalase are used significantly in the dairy industry. Proteases such as chymosin are used for coagulating milk proteins for the production of cheese. These enzymes accelerate cheese ripening and aid in the modification of characteristics of cheese such as texture, hardness, and taste.
Further, the report states that the global food enzymes market faces a major challenge because of the stringent rules and regulations, especially in developed regions such as the US and Europe. These regulations pertain to permits, regulations for the entry of new players, residual management issues, and expiry dates for certain food products. The objective of imposing these rules and regulations is to ensure safety and protection for consumers.
Amway, BASF, DuPont Danisco, DSM, Novozymes, AB Enzymes, Amano, Aum Enzymes, Nutriteck, and Roche.