The worldwide enzyme market for food and beverage industry is expected to reach $1.69 billion by 2018, with a moderate growth over the next five years.
Online PR News – 25-November-2013 – Irving/Texas – The worldwide enzyme market for food and beverage industry is expected to reach $1.69 billion by 2018, with a moderate growth over the next five years. The use of enzyme is growing in food and beverage processing industry as it is an essential ingredient in food items. Because of their protein nature in food items, the demand for enzyme has increased. Food and beverage processing enzyme market is highly consolidated as four key players contribute approximately 90% of the market.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the enzyme market and presents its findings in “Global Food and Beverage Processing Enzyme Market 2013-2018: Trends, Forecast, and Opportunity Analysis”. Increasing health concerns and declining use of emulsifier in food and beverage products provide growth opportunities to food and beverage processing enzyme manufacturers to produce more innovative products.
Lucintel analyses the challenges faced by the industry. The industry is facing growing challenges from government regulation as according to government rules, enzymes need to be certified as safe by FDA before applying it in food processing. The industry has also endured such challenges as significant drop in bakery segment and increased cost of food and beverage processing enzyme feedstock.
The report highlights the key drivers of the industry. Now-a-days, changing lifestyle has changed the food habits too. Consumers prefer ready-to-eat products. To procure them, enzymes are used. One of the biggest drivers is reduction in the use of emulsifier in baking segment. Enzymes are cost-effective and provide better food safety, thus increasing its demand in the food industry.
The report presents key insights on the food and beverage processing enzyme market with drivers and challenges which will help the manufacturers to find out their strengths and weaknesses to face the challenges.
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