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.
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 are specialized proteins that accelerate biochemical reactions in food items, playing a crucial role in the improvement of food quality, preservation, and processing. Characterized by their ability to break down complex molecules into simpler forms, food enzymes such as proteases, lipases, and carbohydrases find applications in various segments of the food industry, like dairy, bakery, and beverages. Key features of these enzymes include thermal stability, pH range adaptability, and specific activity, which enable their usage under varied processing conditions.
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What are the Growth Prospects and Trends in the United States Food Enzymes Industry?
The market growth of food enzymes in the United States is driven by the increasing consumer preference for processed and packaged foods. Additionally, the growing awareness about the health benefits associated with enzyme-fortified foods, such as improved digestion and nutrient absorption, is propelling the market growth. Besides this, the evolving regulatory landscape, setting guidelines for enzyme usage in food items, lends credibility and ensures safety, thereby catalyzing the market growth.
In addition to this, the rising demand for gluten-free, lactose-free, and other specialty foods is augmenting the need for specific enzymes, thereby fueling market expansion. Moreover, the advancement in biotechnology, particularly in enzyme engineering, is fostering the market growth. Along with this, innovations in enzyme immobilization techniques, enhanced catalytic efficiency, and extended shelf-life are contributing to the market growth. The trend of clean labels and natural ingredients is influencing manufacturers to replace chemical additives with enzymes, thereby boosting the market growth. Furthermore, research and development activities in the sector, often in collaboration with academic institutions, are geared towards expanding the application scope and functionality of food enzymes, thereby bolstering the growth of the market across the US.
What is Included in Market Segmentation?
The report has categorized the market based on type, source, formulation, application and region.
Breakup by Type:
- CarbohydraseAmylase
Cellulase
Lactase
Pectinase
Others
- Protease
- Lipase
- Others
Breakup by Source:
- Microorganisms
- Bacteria
- Fungi
- Plants
- Animals
Breakup by Formulation:
- Powder
- Liquid
- Others
Breakup by 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.
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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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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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