United States Food Enzymes Market Growth, Competitors Analysis and Forecast 2023-2028
Posted on 3 August, 2023 by Joseph Finch
IMARC Group, a leading market research company, has recently released a report titled “United States Food Enzymes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States food enzymes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the United States Food Enzymes Market?
The United States food enzymes market size reached US$ 512.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 705.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
What are Food Enzymes?
Food enzymes refer to biocatalysts that initiate chemical reactions to convert complex carbohydrates and fats into a digestible form. They are generally obtained from animals or plants via the extraction process or by microbial fermentation. Some of the commonly utilized food enzymes include lipase, protease, amylase, pectinase, rennet, cellulase, etc. They are utilized for the removal of oxygen in bottled soft drinks, tenderization of meat products, curdling of milk to produce cheese, etc. Food enzymes also find extensive applications in the manufacturing of bakery products across the United States.
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What are the Growth Prospects and Trends in the United States Food Enzymes Industry?
The widespread adoption of these biocatalysts by hotels, cafes, and quick-serving restaurants (QSRs) to impart innovative and exotic flavors to the dishes is primarily driving the United States food enzymes market. Additionally, they improve the quality, act at moderate temperatures and pH conditions, and increase the shelf-life of products, which is further bolstering market growth. Besides this, the escalating demand for clean-labeled products, owing to the growing consumer health consciousness and their changing dietary patterns, is acting as another significant growth-inducing factor. Moreover, the rising usage of innovative and genetically engineered food enzymes by meat vendors to process and tenderize red meat, poultry, and seafood is catalyzing the market growth across the country. Apart from this, extensive investments in the field of biotechnology are also stimulating market growth. Furthermore, the launch of favorable policies by government bodies to minimize waste is anticipated to fuel the United States food enzymes market over the forecasted period.
What is Included in Market Segmentation?
The report has categorized the market based on type, source, formulation, application and region.
Breakup by Type:
- Carbohydrase
- Amylase
- Cellulase
- Lactase
- Pectinase
- Others
- Protease
- Lipase
- Others
Analysed by Source:
- Microorganisms
- Bacteria
- Fungi
- Plants
- Animals
Based on Formulation:
- Powder
- Liquid
- Others
Applications:
- Beverages
- Processed Foods
- Dairy Products
- Bakery Products
- Confectionery Products
- Others
Regional Analysis:
- Northeast
- Midwest
- South
- West
Who are the Key Players Operating in the United States Food Enzymes Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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