DUBLIN, June 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/4r76qv/north_america) has announced the addition of the "North America Food Enzymes Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The food enzymes market was valued is expected to reach US$ 2695 million by 2020, with a CAGR of 8.1% for the forecast period of 2015-2020. 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 globally seem to drive the need for food enzymes. The key restrains the market faces is in terms of unclear regulatory process and high Research and development costs.
In terms of regions, North America leads the market with a share of 35% followed by Europe and Asia Pacific which constitute 28% and 25% of the global share. In North America, US constitutes the largest market. The North American protease market was valued at $0.9 billion in 2013& Carbohydrase North America market was valued at $1,276.7 million in 2013 and both are expected to grow at a CAGR of 5.3% and 5.6% respectively. North America carbohydrases market account for nearly 50% of the global carbohydrases market.
Some of the players who have been profiled in this report include AB Enzymes, Novozymes, Sunson Industry group, Cargill, Tate & Lyle among others. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
7.1 Cargill Inc
7.2 Kerry Group
7.4 Jiangsu Boli Bioproducts Co. Ltd
7.5 Enmex SA DE CV
7.6 Tate & Lyle Plc
7.7 Archer Daniels Midland(ADM)
7.9 Sunson Industry Group Company Limited
7.10 CP Kelco
7.13 Chr. Hansen
7.14 AB Enzymes
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SOURCE Research and Markets