DUBLIN, June 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/9cvt62/us_food_enzymes) has announced the addition of the "US 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. North America leads the food enzymes 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.
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.
The 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 and 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.
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