LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global food enzymes market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The carbohydrase class of food enzymes dominated the market in 2015. The segment is likely to sustain its market share over the forecast period owing to their significant use in most end-user applications. On the contrary, the market for proteases is likely to grow at a higher rate than the others.
By region, North America held the largest market share in 2015 and is foreseen to grow considerably during 2016-2020. The rising awareness about the use of food enzymes and the growth in the end-user application segments, especially the processed foods and the food and beverages industries, are driving the market growth in the region.
Competitive vendor landscape
The market is highly competitive in Europe and the US, while it is moderate in APAC. The EU has a well-defined regulatory system governing the production and sales of enzymes in the region. The US has a strict framework regulating anti-competitive practices, due to this factor there are many local and global players operating in the market.
“The global food enzymes market is moderately fragmented with the presence of many small players and a few large vendors. Some of these vendors have an absolute monopoly in certain regions. These players have a vast geographical presence with production facilities located worldwide,” says Swapnil Tejveer Sharma, a lead additives, adhesives, and sealants analyst from Technavio.
The report also states that India is a rapidly evolving market with the scope for the high demand for enzyme products where a lack of awareness and access to technology are the limiting factors. However, the challenge is fading with the entry of multinational players such as DuPont Danisco, DSM, and Novozymes. In addition, many small regional vendors are also present in the market.
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Top five food enzymes market vendors
Amway offers digestive enzymes under the brands Nutrilite (vitamins and dietary supplements brand), ARTISTRY (premium skin care brands), eSpring (home water treatment systems), Legacy of Clean, XS, and Ribbon Store.
In May 2015, the company announces the introduction of BodyKey by Nutrilite, a weight management program that is based on a genetic test or a comprehensive assessment based on validated science to assist customers in understanding an ideal weight management approach.
BASF offers enzymes obtained from its qualified subsidiaries that are aided with the company's technologies and experienced workforce. The company offers commercial enzymes through Fermic, a US FDA-approved synthesis and fermentation plant located in Mexico City, for both large and small-scale applications. Phytase, alpha-amylase, xylanase, pectate lyase, and cellulase are some of the commercial enzymes offered by the company.
DuPont Danisco food enzymes help in improving freshness, optimizing production, and adding texture and quality consistency and reducing costs. It helps food processors to reduce their water and energy consumption. Their enzymes also support health and wellness goals of the individuals by enhancing the digestion of milk lactose, starch, proteins, fats, and oils.
From the discovery of Amylase in 1906 to the launch of Brewers Clarex. The adoption of innovative technologies has made the company a leader in the formulation of new enzymes for the food industry.
Brewers Clarex has facilitated brewers to eliminate the costly cold stabilization process, thereby lowering carbon footprint by almost 8.2%. BakeZyme MAM helps in keeping the bread soft and fresh for a much longer time by prolonging crumb staling during storage.
Novozymes offers industrial enzymes, biopolymers, and microorganisms. It has an estimated market share of 48% in the global enzyme market. The company offers its products to various industries and operates through household care, food and beverages, bioenergy, agriculture and feed, and technical and pharmaceuticals segments.
Novozymes helps transforming the quality of food and beverages in applications such as brewing, baking, dairy, starch, oils and fats, and other industries.
The other prominent vendors in the market are:
- AB Enzymes
- Aum Enzymes
Browse Related Reports:
- Global Feed Enzymes Market 2015-2019
- Global Agricultural Enzymes Market 2015-2019
- Global Industrial Enzymes Market 2015-2019
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