Africa Food Enzymes Market - Trends, Growth, and Forecast (2018 - 2023)
The growing demand for processed foods and increasing health consciousness among people is driving the food & beverages industry, which in turn is driving the food enzymes market. Food enzymes are major food additives, which convert complex molecules in to simpler ones in our diet. The Africa food enzymes market is expected to register a CAGR of 7.6% during the forecast period of 2018-2023. Food enzymes are sourced from micro-organisms and new technologies are emerging to produce genetically modified organisms strains. The enzymes, thus produced are anticipated to perform in adverse operational conditions, thus improving process efficiency.
The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Apart from these reasons, the increasing penetration of organized retail in urban and rural centers drive the need for food enzymes. The key restraints the African food enzymes market faces is in terms of unclear regulatory process, and high research and development costs.
Africa food enzymes market report is segmented based on enzymes types, which include carbohydrases, proteases, and lipases. Carbohydrases dominate the market followed by proteases and lipases. Food enzymes find major application in Bakery, Dairy & Frozen products, Enzymes, Meat products, Oils & Fats, among others. Bakery is the largest application market, as food enzyme are used to improve dough stability and shelf life of end products. Increased use of enzymes in cheese processing is driving the use of enzymes in dairy industry, which is the second largest application market followed by the beverages industry.
Africa is expected to see an uptick in demand for enzymes with South Africa expected to lead, in terms of demand. The rising disposable incomes demand for convenience foods, and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. However, the market is characterized by unregulatory process.
February 2017 - The Indonesian National Drug and Food Control Agency, Badan Pengawas Obat dan Makanan (BPOM) approved five enzymes, which were part of the DuPont™ Danisco® range of ingredients for bakery solutions.
The major players include - CARGILL INC, KERRY GROUP, DANISCO, JIANGSU BOLI BIOPRODUCTS CO. LTD, ENMEX SA DE CV, TATE & LYLE PLC, ARCHER DANIELS MIDLAND (ADM), PURATOS, SUNSON INDUSTRY GROUP COMPANY LIMITED, CP KELCO, NOVOZYMES, DSM, CHR. HANSEN, AB ENZYMES, amongst others.
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