#Dairy enzymes market share

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Dairy Enzymes Market Growth Analysis & Forecast Report | 2024-2033

Dairy Enzymes Market size exceeded USD 609 Million in 2023 and is anticipated to cross USD 1.44 Billion by 2033, registering a CAGR of more than 9.9% during the forecast period.

Global demand for dairy products including cheese, yoghurt, and milk-based drinks grew. As a result, there has been a greater need for dairy processing methods that are both more efficient and sustainable. Enzymes like chymosin and rennet are used in the production of cheese to coagulate the proteins found in milk. There was a significant market for the dairy enzymes needed to make cheese, and there was a push to use microbial rennet and enzymes not derived from animals to manufacture vegetarian and vegan cheese. As lactose sensitivity and interest in plant-based dairy substitutes developed, so did the need for the enzymes used in lactose hydrolysis to produce lactose-free dairy products.

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The growing awareness of lactose intolerance among consumers led to an increase in the demand for dairy products with easier digestion. This trend is especially evident in places where lactose sensitivity is more prevalent. The market share of lactose-free dairy products was increasing quickly as more consumers looked for these options—not just because they were lactose intolerant, but also because of dietary preferences and possible health benefits. Producers of well-known dairy products, such as ice cream, milk, yoghurt, and cheese, were expanding their product ranges to include lactose-free options. Among other enzymes, lactase was necessary for the production of these products.

Dairy enzymes are quite important in the making of cheddar cheese. Well-known cheddar cheese is renowned for having a unique flavour and texture. Enzymes are used in the production of cheddar cheese to aid in the coagulation of milk, the formation of curd, and the development of taste. The growing demand for cheddar cheese in developing nations has led to an increase in global sales. Producers utilize dairy enzymes to make Cheddar cheese that suits local preferences and tastes. Enzymes play a major role in giving Cheddar cheese its particular taste.

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Enzyme technological advancements can be impeded by too burdensome regulations. Enzyme companies may be less inclined to invest in developing novel enzymes or improving existing ones if they anticipate regulatory barriers. This could keep longer-lasting and more potent enzymes from reaching the market. Depending on the nation and area, different regulatory policies may apply to dairy enzymes. This could cause problems for the international commerce in dairy products and enzymes since manufacturers have to manage intricate and sometimes contradictory regulations. Some of the major players in Global Dairy Enzymes Market are Koninklijke DSM N.V,DuPont de Nemours, Inc, Novozymes A/S, Wilbur-Ellis Holdings, Inc, Kerry Group Plc, Infinita Biotech Private Limited, BASF SE, Associated British Foods plc, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Phythozymes, Biocatalysts, Amano Enzyme Inc, STERN-WYWIOL GRUPPE GMBH CO. KG, Aumenzymes.

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Partial chapters of report table of contents (TOC):

Chapter 3. Global Dairy Enzymes Market Insights

Market Overview

Market Drivers & Opportunity

Market Restrains & Challenges

Regulatory Landscape

Ecosystem Analysis

Technology & Innovation Outlook

Key Industry Developments

Partnership

Merger/Acquisition

Investment

Product Launch

Supply Chain Analysis

Porter's Five Forces Analysis

Threat of New Entrants

Threat of Substitutes

Industry Rivalry

Bargaining Power of Suppliers

Bargaining Power of Buyers

COVID-19 Impact

PESTLE Analysis

Political Landscape

Economic Landscape

Social Landscape

Technology Landscape

Legal Landscape

Environmental Landscape

Competitive Landscape

Introduction

Company Market Share

Competitive Positioning Matrix

Chapter 4. Global Dairy Enzymes Market Statistics, by Segments

Key Trends

Market Estimates and Forecasts

Table

Chart

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The global dairy enzymes market size is estimated to be $565.4M in 2018 with an estimated CAGR of 7% during the forecast period 2019-2024. The growth of the market can be primarily attributed to the increase in consumption of dairy products that are associated with healthy eating. Changes in the lifestyles of the people can also affect the market significantly as an increasing number of people worldwide are choosing to have a healthy diet over their typical meals.

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Enzymes Market to Surpass USD 16.3 billion by 2031

The global market for enzymes was estimated to be worth US$ 7.7 billion in 2021. The market is anticipated to advance with a 7.6% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 16.3 billion.

In the enzymes market, ingredient producers are vying to create biofuel enzymes that are utilized in the fermentation of ethanol generation. These new enzymes are replacing alpha-amylase in several applications because of their lower viscosity. To take advantage of new potential in the broader bioenergy sector, companies intend to begin customer trials employing biofuel enzymes. They are utilizing their understanding of the industry, their technical proficiency, and their customer laboratory services in order to increase biodiesel stability with enzymes.

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Global Enzymes Market: Key Players

A few large-scale vendors hold the majority of the market share for enzymes on a worldwide basis. The majority of businesses invest a lot in research and development, mostly to create environmentally friendly products.

Some of the key manufacturers profiled in this report are:

Novozymes A/S

BASF SE

DowDuPont Inc.

AB Enzymes GmbH

Biocatalysts Ltd

Chr. Hansen Holding A/S

Codexis, Inc.

Koninklijke DSM N.V.

Advanced Enzyme Technologies Limited

Market Trends for Enzymes

The market for enzymes has been divided into technical grade and speciality grade based on grade. The technical grade segment's market share is anticipated to reach 60.5% by 2031. During the projected period, the segment is anticipated to increase at a pace greater than 7.3%, maintaining its upward trend in market gain.

The growth in demand for food, dairy, and meat products is the main factor driving the rise in the need for enzymes in industrial applications.

The global enzymes market has been divided based on type into lipases, phytases, polymerases & nucleases, carbohydrases, and others. The agricultural enzyme is proteases. The market for enzymes in 2021 was dominated by the sector of carbohydrases. Proteases, polymerases, and nucleases segments came next.

It is anticipated that the carbohydrases market will record a CAGR of 7.8% from 2022 to 2031. The main applications of this type of enzymes in the food sector include the hydrolysis of sucrose, the generation of fructose syrup, as well as the hydrolysis of lactose in milk.

Enzymes Regional Market Outlook

Various reasons are propelling the growth of the enzymes market in different regions. These are:

In 2021, in terms of volume, North America accounted for 38.4% of the global enzymes market. The increased demand for enzymes within the food and dairy products sector, which accounted for 30.8% of the market share in North America in 2021, was mostly attributable for the high consumption of enzymes in the area.

The consumers in Europe and the Asia-Pacific region consume a lot of food and drink. In 2021, these regions represented a value share of the global market of 27.8% and 25.1%, respectively. The enzymes market in these areas is seeing tremendous growth in the applications for dairy and bread goods. Alcohol enzymes are widely used in the Asia Pacific region, which in 2021 accounted for 27.8% of the global market.

The Middle East and Africa has greater number of consumers for enzymes, when compared to Latin America.

Global Enzymes Market Segmentation

Grade

Technical Grade

Specialty Grade

Type

Carbohydrases

Proteases

Polymerases & Nucleases

Lipases

Phytases

Others

Application

Food & Beverages Processing

Dairy Products

Bakery Products

Others

Personal & Household Care

Animal Feed

Bioenergy

Pharmaceutical & Diagnostic

Textiles

Others

By Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

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Cattle Feed Market Share, Trends, and Growth Reports | Global Insight Services

Cattle feed is a type of agricultural feed specifically designed for cattle. The main types of cattle feed include hay, silage, grain, and a variety of other supplements. Hay is the most common type of cattle feed, and is typically made from grasses or legumes. Silage is another common type of cattle feed, and is made from fermented, high-moisture plant materials. Grain is typically used as a supplement to other types of cattle feed, and can include corn, soybeans, oats, and barley. A variety of other supplements are also available for cattle, and can include minerals, vitamins, and protein sources such as soybean meal or cottonseed meal.

Key Trends

Cattle feed technology is constantly evolving in order to meet the ever-changing needs of the cattle industry. Some of the key trends in cattle feed technology include:

Increased focus on nutrition and feed formulation: There is an increasing focus on providing cattle with the proper nutrition in order to improve their overall health and productivity. This has led to advances in feed formulation and ingredients, including the use of alternative ingredients such as enzymes and probiotics.

Improved feed delivery methods: There have been significant advances in the way that cattle feed is delivered, including the use of automated feeders and self-feeders. This has made it easier for farmers to provide their cattle with the right amount of feed, and has also helped to reduce waste.

Greater emphasis on safety and quality control: With the increasing popularity of organic and natural beef, there is a greater emphasis on ensuring that cattle feed is safe and of high quality. This has led to advances in feed testing and quality control procedures.

Increased focus on environmental sustainability: There is a growing awareness of the impact that cattle farming can have on the environment. As a result, there is an increased focus on developing cattle feed products that are more environmentally sustainable. This includes the use of alternative ingredients such as by-products from other industries, and the use of more environmentally friendly packaging materials.

Key Drivers

The key drivers of the cattle feed market are the increasing demand for meat and dairy products, the growing population, and the changing lifestyle of people. The demand for meat and dairy products is increasing due to the growing population and the changing lifestyle of people. The growing population is leading to the increased demand for meat and dairy products. The changing lifestyle of people is resulting in the increased demand for healthy and nutritious food.

The major drivers of the cattle feed market are the increasing demand for meat and dairy products, the growing population, and the changing lifestyle of people. The demand for meat and dairy products is increasing due to the growing population and the changing lifestyle of people. The growing population is leading to the increased demand for meat and dairy products. The changing lifestyle of people is resulting in the increased demand for healthy and nutritious food.

The other drivers of the cattle feed market are the government policies and regulations, the technological advancements, and the increasing awareness about the animal health and welfare. The government policies and regulations are playing a significant role in the growth of the cattle feed market. The policies and regulations related to the animal husbandry are encouraging the farmers to use the cattle feed for the better growth and development of the animals. The technological advancements are helping the farmers to improve the quality of the cattle feed. The increasing awareness about the animal health and welfare is resulting in the increased demand for the cattle feed.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segments

The cattle feed market report is bifurcated on the basis of source, application, distribution channel, and region. On the basis of source, it is segmented into organic and conventional. Based on application, it is analyzed across agriculture and industrial. By distribution channel, it is categorized into direct sales and indirect sales. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the World.

Key Player

The cattle feed market report includes players such as BASF SE, DSM, Cargill, Inc., ADM, Animal Nutrition, Kemin Industries, Inc., Biomin Holding GmbH, Nutreco, Land O’Lakes, Inc., and Farmer’s Grain Company.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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10-year forecast to help you make strategic decisions

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Aylon and Thomas: Chef-Crafted Extra-Creamy Plant-Based Dairy-Free Ice Creams at Eclipse Foods

Do you like eating Ice Cream? That creamy, cold, velvety, sweet, deliciousness? Yes, count me in, please! I am a huge sucker for Ice Creams. Be it tubs, pints, single serves, scoops, cones, bars, bonbons, cakes, chocolates. The different flavors and ingredients in Ice Creams are an added tasty indulgence, taking this cold dessert to another level. 

Don’t come at me but, I would love an Ice Cream scoop, maybe two or three more scoops, any day and at any time! 

I recall how I spent my childhood summers licking off the melting Choco-Bar on my hands after a long day at the park, it’s both a fond memory, and the taste of this delicious cold dessert will always be a cherished feeling and moment. 

In this era, there are many people, mostly in the newer generation (Gen Alpha), who seem to have an increased case of being lactose-intolerant. The condition ‘lactose intolerance’ occurs due to the digestive system losing its capability to produce enough lactase enzyme, to break down and digest lactose – a sugar that is found widely in milk and dairy products. Abdominal pains, diarrhea, nausea, and bloating are some of the main side effects of being lactose intolerant, and unfortunately also losing the ability to consume dairy products.  

Additionally, with growing global environmental concerns requiring people to be more sustainable and eco-friendly, the market trends and consumer preferences drive the food and beverage manufacturing industry to shift toward being more inclusive of ‘veganism’ and plant-based food products in their meals, while also considering how the generation is becoming more lactose intolerant as well. 

To also save our dairy-producing animals like cows, buffalos, sheep, and goats, the inclusive idea of manufacturing and producing plant-based food and beverage products sustainably is the new strategy adopted for clean, green, free, safe, and healthy consumption. This way our planet and its inhabitants can be protected, preserved, and conserved. 

Therefore in this article, we will be sharing deep insights into an American company – Eclipse Foods, co-founded by Aylon Steinhart and Thomas Bowman in 2019, in California, USA. This company specializes in Ice Cream that is manufactured and produced by using Corn, Cassava, Rapeseed, and Potato – for a chef-crafted, extra-creamy, plant-based, and dairy-free that is a delicious, safe, vegan, and healthy indulgence for all. 

The Two Taste Buds Behind Eclipse Foods’ Ice Creams – Aylon and Thomas:

The two co-founders who together started and established Eclipse Foods are – Aylon Steinhart and Thomas Bowman. 

Aylon Steinhart is the Chief Executive Officer at the company and is also a vegan entrepreneur from Berkeley. Aylon has put in a lot of effort in consulting, encouraging, advising, and convincing companies and start-up businesses in the Consumer Packaged Goods (CPG) sector like Kellogg’s and Heinz, to be more inclusive of alternative protein solutions. Aylon holds a Bachelor of Science Degree in Business Administration from the University of California – Haas School of Business. The co-founder started his career as a Startup Analyst/Writer at Vator, a Software Analyst at Digilabs Pro, a Corporate Account Manager at AT&T, a Founder and CEO at Photopaz, Co-founded and became Marketing Director at BrideBox, a Senior Advisor at The Good Food Institute, a Y-Combinator, and lastly in the year 2019 co-founded and established Eclipse Foods with Thomas Bowman. 

Thomas Bowman is the Chief Technology Officer at the company and is an award-winning chef from Chicago, totaling 16 Michelin Stars and twice nominated for a James Beard Award. Thereafter Thomas started to focus on product development and food science. Here, he created some of the best-selling plant-based food products at JUST. 

Sharing a passion for food, Aylon and Thomas set out together to integrate culinary strategies with food technology. Making food and beverage products that are safe and healthy, while also making impactful choices in protecting the planet we all call home, the co-founders succeeded in manufacturing and producing a protein alternative solution that is vegan and consumable by all, and delivered Ice Creams that are extra-creamy, dairy-free, plant-based, and GMO-free. 

About Eclipse Foods:

Eclipse Foods Ice Creams is “not another pint of frozen plant milk. We dug in and mimicked milk’s creamy molecular structure and functionality using plants like corn, cassava, rapeseed, and potato”. 

To put an end to industrial animal agriculture, Eclipse Foods has successfully manufactured and produced animal-free products as your favorite dairy treat. 

On a mission “to create a more sustainable, healthy, and humane food system with plant-based products that taste better and do better for people, animals, and the planet”, the company acts as the change we have all been craving. 

Co-founded by Aylon and Thomas in the year 2019, in Alameda, California, USA – Eclipse Foods “tastes great, does good” through Ice Creams that are chef-crafted, dairy’s lick-a-like, and an appetite for the better. 

The company retails its Ice Cream delicacy in 4 convenient formats. Bonbons. Pints of different dairy-free flavors, 3-Gallon Tubs,  Soft Serves, and Single Serve Cups. “Doing our part, one pint at a time”, Eclipse Foods drives toward a sustainable future with eco-friendly practices and initiatives. Reduced consumption of water, reduced land space, and decreased production of greenhouse gases have helped the company hugely in overcoming the detrimental strategy of using conventional dairy-produced methods and products. As a result, Eclipse Foods’ Ice Creams sees 65% fewer emissions than dairy, which means that over 190,509 metric tons of CO2 is reduced and over 15 million gallons of water is saved. 

Acknowledging as the “next massive plant-based food company revolutionizing the 500 billion dollar dairy sector”, Eclipse Foods has raised 60 million+ from investors like Y-Combinator, Forerunner Ventures, Chairman of Beyond Meat, and more. The company promises that “Anything dairy can do, Eclipse can do better”.

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Global Food Enzymes Market Analysis by Size, Share, Growth, Trends (2024-2032)

Introduction

Global Food Enzymes Market is expected to foresee significant growth during the forecast period. North America to witness the highest growth.

Global Food Enzymes Market is expected to reach the market valuation of US$ million by 2027 expanding at a reasonable CAGR during the forecast period (2021-2027) from US$ million in 2020 Enzymes are proteins with highly specialized catalytic functions, produced by all living organisms. Enzymes are responsible for many essential biochemical reactions in microorganisms, plants, animals, and human beings. Enzymes are not alive but are essential for all metabolic processes. Although like all other proteins, enzymes are composed of amino acids, they differ in function in that they have the unique ability to facilitate biochemical reactions without undergoing change themselves. This catalytic capability is what makes enzymes unique

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Market Dynamics

A rise in awareness about healthy food, lifestyle changes, and hectic schedule are some of the prime factors driving the demand for healthy and processed organic food. As per a report by WHO, healthy diets cost 60% more than diets that only meet the requirements for essential nutrients and almost 5 times as much as diets that meet only the dietary energy needs through a starchy staple. Moreover, the cost of a diet increases incrementally as the diet quality increases which is from a basic energy-sufficient diet to a nutrient adequate diet and then a healthy diet including more diversified and desirable food groups/ across all regions and country income groups globally. The cost of a healthy diet is much higher than the international poverty line, established at USD 1.90 purchasing power parity (PPP) per day. This puts healthy diets beyond the reach of those living in poverty or just above the poverty line.

Moreover, the trending culture of partying out or dining out is acting as a growth catalyst to the market growth. According to the Centers for Disease Control and Prevention, between 2013 and 2016, 36% of adult Americans consumed fast food on any given day. Also, People who earned more money dined on fast food more frequently than lower-income people. Among higher-income people, 42% chose to eat fast food on any given day; the figures were 36% for middle-income people and 31% for lower-income people.

The coronavirus pandemic has affected many aspects of life in an unprecedented way. Many essential sectors around the world were at stake due to the pressure this crisis represents. The lockdown in countries, supply chain disruption, and the global recession also impacted the food enzyme business across the globe. Trade disruptions potentially affect future access to inputs for low-income countries that purchase their fertilizers, chemicals, and improved seeds from abroad. Highly concentrated markets on the input supply side (especially for fertilizers) can, at that point, amplify the risk to input importers.

Based on the Type, the market is mainly fragmented into Carbohydrase, Protease, Lipase, and Other.  The carbohydrase segment dominated the market in 2020 and gathered XX% in 2020. Moreover, the segment is anticipated to maintain its dominance during the analyzed period. The demand for this segment is witnessing an uptick owing to the several benefits such as carbohydrase such as amylases, cellulases, pectinases, lactases, mannanases, and pullulanase are used in food applications, to cater to various industries such as bakery & confectionery, dairy, and processed food. They have added advantages to various food applications due to their cost-effectiveness, less time & space consumption, and ease in modification and optimization of the process.

According to UnivDatos Market Insights (UMI)’ research report “Global Food Enzymes Market Analysis, 2020”, the Global Food Enzymes market is projected to grow at a CAGR of during 2021-27F. A rise in disposable income and a rise in awareness about healthy food, the demand for processed and organic food are some of the factors driving the growth of the global market. 

Demographics

Additionally, the report provides detailed initiatives that are being taken in the field of Food Enzymes. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market with US$ million in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising health awareness among end-users in the countries such as China, India, and Japan.

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Competitive Landscape

The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Food Enzymes Market. The leading players have been analysed by using research methodologies for getting insight views on global competition

Conclusion

Consumer increasingly prefers nutritionally rich healthy food, which in turn leads to its increased production by food processors. Hence, with the growing need to meet the nutritional requirement of the population, nutritional food manufactures are increasingly incorporating enzymes into their products, thereby driving the growth of the global food enzymes market. As per a survey on food and nutrition attitudes, 54% of Americans said people in the U.S. pay more attention to eating healthy foods today compared with 20 years ago. 

The lockdown in countries, supply chain disruption, and the global recession also impacted the food enzyme business across the globe. Trade disruptions potentially affect future access to inputs for low-income countries that purchase their fertilizers, chemicals, and improved seeds from abroad. Highly concentrated markets on the input supply side (especially for fertilizers) amplify the risk to input importers. According to data published on a finance blog in April 2020, the impact on revenue generation of specialty enzymes companies will experience a massive decline during the first quarter of 2021.

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Specialty Enzymes Market to Witness Unprecedented Growth in Coming Years

Specialty enzymes are specific proteins designed to catalyze biochemical reactions for specialized applications in various industries. These enzymes are tailored to meet the unique requirements of different industrial processes, enhancing efficiency, specificity, and performance. The global specialty enzymes market size is estimated to be valued at USD 6.1 billion in 2024 and is projected to reach USD 9.2 billion by 2029, recording a CAGR of 8.5%.

Key Applications of Specialty Enzymes:

Food and Beverage Industry:

Baking: Enzymes like amylases and proteases improve dough handling and bread quality.

Dairy: Lactases break down lactose, aiding in the production of lactose-free products.

Brewing: Proteases and beta-glucanases improve filtration and clarity in beer production.

Pharmaceuticals:

Therapeutic Enzymes: Used to treat diseases such as enzyme replacement therapies for lysosomal storage disorders.

Diagnostic Enzymes: Enzymes like glucose oxidase are used in biosensors for blood glucose monitoring.

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Biofuels:

Cellulases and Hemicellulases: Break down plant biomass into fermentable sugars for ethanol production.

Lipases: Enhance biodiesel production by breaking down fats and oils.

Textile Industry:

Amylases: Remove starch-based sizing agents from fabrics.

Cellulases: Provide a soft finish to fabrics and improve color brightness.

Agriculture:

Phytases: Improve the bioavailability of phosphorus in animal feed, enhancing nutrition.

Proteases: Enhance the digestibility of feed proteins for better animal growth.

Cosmetics and Personal Care:

Proteases and Lipases: Used in skin care products for exfoliation and moisturizing.

Hyaluronidases: Enhance the effectiveness of anti-aging treatments by breaking down hyaluronic acid.

Factors Driving the Specialty Enzymes Market Growth

Public funding and incentives for biotechnological research are critical drivers of growth and innovation in the specialty enzymes market. The EU’s Horizon Europe program, with a budget of USD 103.6 billion for 2021-2027, is focused on research and innovation, including biotechnology. This program supports projects aimed at developing advanced biotechnological processes and products. In the United States, the National Institutes of Health (NIH) allocated over USD 42.0 billion for biomedical research in 2022, with part of this funding directed towards biotechnology research, including the development of novel enzymes for medical and industrial applications.

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In India, the Biotechnology Industry Research Assistance Council (BIRAC) plays a significant role in fostering innovation and growth within the specialty enzymes market. Established by the Department of Biotechnology (DBT), Government of India, BIRAC actively supports biotech startups and research institutions through various funding schemes. One of the key initiatives is the Biotechnology Ignition Grant (BIG) scheme, which provides early-stage funding to startups and entrepreneurs with innovative ideas in biotechnology. In July 2020, BIRAC allocated Rs. 50 crores (approximately USD 6.7 million) under the BIG scheme to support around 100 startups and entrepreneurs in the biotechnology sector. This funding aims to catalyze innovation, encourage entrepreneurship, and accelerate the development of novel enzyme-based solutions for various applications in biotechnology and pharmaceuticals. By providing financial support and fostering a conducive ecosystem for research and development, initiatives like BIRAC’s BIG scheme contribute significantly to the growth and competitiveness of the enzyme market in India.

Enzymes sourced from animals hold a significant specialty enzymes market share

Animal-derived enzymes are often preferred for their high specificity and efficiency in catalyzing biochemical reactions, which is essential in various specialized processes. Pancreatic enzymes, such as trypsin and chymotrypsin, are extensively used in drug formulation and the production of biologics. These enzymes facilitate the precise cleavage of peptide bonds, crucial for developing and manufacturing therapeutic proteins and peptides. Their specificity and activity levels make them indispensable in pharmaceutical applications, significantly contributing to their market share.

Moreover, animal-derived enzymes are essential in clinical diagnostics. For example, rennet, obtained from the stomachs of calves, is used in the coagulation process for cheese production, highlighting their importance in the food industry. In clinical settings, enzymes like lactase, derived from animal sources, are used in diagnostic kits to test for lactose intolerance, demonstrating their versatility and utility in both food processing and medical diagnostics.

A notable example of the significance of animal-sourced enzymes is the use of thrombin, derived from bovine sources, in surgical procedures. Thrombin is crucial for promoting blood clotting and is used in topical hemostatic agents to control bleeding during surgeries. The high efficacy and reliability of thrombin in medical applications underscore the importance of animal-derived enzymes in the specialty enzymes market.

North America region to dominate the specialty enzymes industry during the forecast period.

North America holds the highest market share in the specialty enzymes market due to several key factors. The region is home to a robust pharmaceutical and biotechnology industry, characterized by significant investments in research and development. This investment landscape fosters innovation, leading to the development of advanced enzyme-based solutions. For instance, companies like Codexis, Inc. (US), are at the forefront of enzyme engineering, continuously developing new enzymes for pharmaceutical and industrial applications.

Moreover, the presence of well-established healthcare infrastructure and a high demand for diagnostic tools contribute to the market’s growth. Specialty enzymes are crucial in various diagnostic applications, including ELISA (Enzyme-Linked Immunosorbent Assay) tests, which are widely used in medical diagnostics. The increasing prevalence of chronic diseases such as cancer and diabetes in North America drives the demand for these advanced diagnostic tools, further propelling the specialty enzymes industry.

Top Specialty Enzymes Companies

BRAIN Biotech AG (Germany)

Novozymes A/S (Denmark)

Codexis, Inc. (US)

Sanofi (France)

Merck KGaA (Germany)

Dyadic International Inc (US)

Advanced Enzyme Technologies (India)

Amano Enzyme Inc (Japan)

F. Hoffmann-La Roche Ltd (Switzerland)

New England Biolabs (US)

BBI Solutions (UK)

Creative Enzymes (US)

Bioseutica (Netherland)

SEKISUI Diagnostics (US)

[ankitab]

Precision Fermentation Ingredients Market is expected to reach $38.02 billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, 'Precision Fermentation Ingredients Market by Type (Whey & Casein Protein, Egg White, Collagen Protein, Enzymes), Microbe (Yeast, Algae, Filamentous Fungi), End User (Food and Beverage {Dairy Products}, Pharmaceutical Industry)— Global Forecast to 2031.'

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According to this latest publication from Meticulous Research®, the global precision fermentation ingredients market is projected to reach $38.02 billion by 2031, at a CAGR of 43.5% from 2024 to 2031.The growth of the precision fermentation ingredients market is mainly driven by the growing population and rising awareness about the benefits of alternative protein, increasing inclination towards a vegan diet, and the growing focus on animal welfare. However, the high preference for animal-sourced products restricts the market growth to some extent.

Moreover, the rising demand for sustainable foods provides significant growth opportunities for the stakeholders operating in this market. However, the high production cost of ingredients is a major challenge for the players in this market.

Key Players:

The global precision fermentation ingredients market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the global precision fermentation ingredients market are Perfect Day, Inc. (U.S.), Impossible Foods Inc. (U.S.), Geltor, Inc. (U.S.), The EVERY Company (U.S.), Motif FoodWorks, Inc. (U.S.), MycoTechnology, Inc. (U.S.), MYCORENA AB (Sweden), Eden Brew Pty Ltd (Australia), Change Foods (U.S.), Formo (Germany), Remilk Ltd (Israel), Triton Algae Innovations (U.S.), Nourish Ingredients Pty Ltd. (Australia), and Imagindairy Ltd. (Israel), among others.

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The global precision fermentation ingredients market is segmented by type (whey & casein protein, egg white, collagen protein, heme protein, enzymes, and other ingredients), by microbe (yeast, algae, filamentous fungi, and bacteria), end user (food and beverages industry [meat & seafood products, dairy products, and other food and beverage products], pharmaceutical industry, and other end users), and geography (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on end user, the global precision fermentation ingredients market is segmented into food and beverage industry, pharmaceutical industry, and other end users. In 2024, the food and beverage industry segment is expected to account for the largest share of the global precision fermentation ingredients market. The large market share of this segment is attributed to the growing demand for food and beverage products due to rapid population growth, increasing consumer preference for foods and beverages containing natural ingredients, shifts in consumer eating patterns and changes in diet trends, and rising demand for dairy alternative due to increasing milk allergies and lactose intolerance cases. Based on end user, the food and beverage industry is further segmented into meat & seafood products, dairy products, and other food and beverage products.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (U.K., Netherlands, Spain, Germany, France, and Rest of Europe), Asia-Pacific (China, Singapore, Japan, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, and Rest of Latin America) and the Middle East and Africa. In 2024, North America is expected to account for the largest share of the global precision fermentation ingredients market. The large share of this market is mainly attributed to the huge presence of key stakeholders in the region, the rising health awareness among the people, and their shift towards veganism. Moreover, increasing consumer preference towards meat alternatives to reduce animal-sourced meat consumption, focus on producing protein using sustainable methods due to the environmental concerns, and ethical aspects associated with animal protein further support the growth of this market.

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[downincmi]

Digestive Health Market Trends: Insights and Future Outlook

The digestive health products industry comprises probiotics, prebiotics, food enzymes, and fiber & bran supplements consumed to maintain optimal digestive health. Digestive health products provide essential benefits like improving nutrient absorption, supporting healthy digestion, strengthening gut immunity, and reducing bloating, constipation, and other gastrointestinal issues. Probiotics containing live microorganisms like Lactobacillus, Bifidobacterium, and Streptococcus thermophilus help restore the balance of gut microbiota. Prebiotics serve as a food source for probiotic bacteria in the colon. Food enzymes aid in breaking down food molecules into simpler forms for better absorption of nutrients. The global digestive health products market is estimated to be valued at US$ 47.02 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period of 2023 to 2030. Rapid urbanization, increasing awareness about gut health, and growing health consciousness are fueling the demand for digestive health supplements. Moreover, people are preferring these products to pharmaceutical drugs due to lower side effects. Key Takeaways

Key players operating in the digestive health products market are Danone S.A., Arla Foods amba, Nestlé, Chr. Hansen Holding A/S, Yakult Honsha Co., Ltd., General Mills Inc., Meiji Holdings Co., Ltd, Mondelēz International, PepsiCo, Inc., and Kellogg NA Co. These companies are focusing on new product launches, mergers, and acquisitions to expand their market share. The demand for digestive health products is growing significantly worldwide due to changing lifestyles leading to digestive issues. The increasing prevalence of gastrointestinal disorders and digestive infections caused by pathogens is propelling the need for digestive supplements. Moreover, growing health awareness due to the COVID-19 pandemic has boosted the sales of immunity-boosting probiotics and prebiotics. Major companies are expanding their global footprint by entering emerging markets in Asia Pacific, South America, Africa, and the Middle East through collaborations and distribution agreements. Leading players have established manufacturing and distribution facilities across different countries to cater to the rising local demand. Market Key Trends

The digestive health products market is being increasingly influenced by the trend of gut-brain connectivity. Research is providing evidence that prebiotics and probiotics play a significant role in mood, cognition, mental health, and neurological conditions through their impact on the gut-brain axis. This is fueling innovations to develop products focused on mental wellness in addition to digestive health benefits. Moreover, the growing popularity of plant-based and vegan dietary preferences is steering innovations to introduce more plant-based and dairy-free probiotic supplements. Players are also investing in clinical trials to substantiate health claims and differentiate products, focusing on novel delivery systems like gummies, powders, and chewable tablets for improved consumer experience.

Porter's Analysis

Threat of new entrants: There is moderate threat as new companies can easily enter the market with new products. Bargaining power of buyers: Buyers have moderate bargaining power as they can choose from various substitutable products available. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are many suppliers in the market providing raw materials. Threat of new substitutes: There is high threat of new substitutes coming like probiotic food items. Competitive rivalry: The market is highly competitive as existing major players compete on the basis of product quality, innovation, marketing and brand value. Geographical Regions

North America region accounts for the largest share in the digestive health products market in terms of value owing to increasing health consciousness and changing lifestyles among consumers. Rise in healthcare expenditure and availability of various digestive health products have further augmented the market in the region. Asia Pacific region is expected to witness the fastest growth in the digestive health products market during the forecast period. Factors such as growing digestive issues due to changing dietary patterns and sedentary lifestyle coupled with rising disposable income are driving the market in the region. Increasing awareness about digestive health through various promotional activities by manufacturers is also supporting the market growth.

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Enzymes Market to Reach USD 77.1 Bn by 2031

The last decade has witnessed an increase in the health-conscious population, which has increased the demand for healthy food products among consumers. Apart from food products, some of the other end-use industries that have utilized enzymes include textiles, pharmaceuticals, animal feed, and personal care.

The global enzymes market is anticipated to expand at CAGR of 7.5% during the forecast period between 2022 and 2031.

Enzymes have been deployed in the manufacturing process of these products since they have proven beneficial in protein breakdown. New enzyme launches are helping prominent market players create revenue streams and gain a competitive edge over other players.

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Key Findings of Enzymes Market Study

Rising Product Demand in Biomass Fermentation Augmenting Growth in Enzymes Market: Enzymes are increasingly deployed in fermentation of biomass, which is used in biofuel production. Biofuel is witnessing increased demand owing to its high sustainability and energy-efficiency features. Rising production of biofuel is increasing the demand for biomass which is catalyzing enzyme demand, thereby propelling overall enzymes market

Rising Carbohydrases Demand in Food Production Units Triggering Growth in Overall Enzymes Market: Carbohydrases type of enzymes witnessed massive demand in 2021 and are projected to remain in high demand, during the forecast period, too. Carbohydrases have been used in food production units in the hydrolysis process of sucrose as well as in the manufacturing of fructose syrup. Increasing carbohydrases demand is augmenting the growth in global enzymes market

Enzymes Market: Key Drivers

Rising consumer demand for food and dairy products is a key growth driver of global enzymes market

Rising enzymes demand in drug development process in biotechnology industry is propelling overall market

Increasing need to accelerate chemical reactions in a bid to obtain improved end-products is catalyzing demand and augmenting the growth in enzymes market

Enzymes Market: Regional Market Insights

North America emerged as the most lucrative market in 2021. Rising enzymes demand in production of dairy products and presence of numerous prominent players in countries such as the U.S. and Canada have helped North America emerge as the dominant region in global market

Asia Pacific is projected to account for a large share in overall market during the forecast period. Factors such as rising enzymes demand in manufacturing of bakery products and increased demand for alcohol enzymes in countries such as India and China are expected to play key roles in market growth. Furthermore, manufacturers in Asia Pacific countries are expanding their output capacities for food enzymes in a bid to meet the requirements of consumers in these countries

Enzymes Market: Key Players

Presence of fewer prominent players has ensured that the competition landscape in global enzymes market is consolidated. Entry of new players, however, could intensify the competition in global enzymes market during the forecast period.

Growth strategies such as signing collaborative agreements with smaller players are helping leading enzymes market players in expanding their market presence and increasing their revenue shares.

Some of the leading players in global market include Novozymes A/S, BASF SE., AB Enzymes GmbH, Biocatalysts Ltd., and Asahi Kasei Corporation.

The global enzymes market is segmented as follows:

By Grade

Technical Grade

Specialty Grade

By Type

Carbohydrases

Proteases

Polymerases & Nucleases

Lipases

Phytases

Others

By Application

Food & Beverages Processing

Dairy Products

Bakery Products

Personal & Household Care

Animal Feed

Bioenergy

Pharmaceutical & Diagnostic

Textiles

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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[marketinsight1234]

Alfalfa Market: Global Industry Analysis and Forecast 2023 – 2030

Global Alfalfa Market Size Was Valued at USD 265.33 metric tons In 2022 And Is Projected to Reach USD 426.11 metric tons By 2030, Growing at A CAGR of 16.2% From 2023 To 2030.

Alfalfa is a tonic plant rich in proteins, minerals, enzymes, and vitamins. A bulk quantity of the whole plant is required in the pharmaceutical industries, especially for homeopathic pharmacies. The increasing awareness regarding animal nutrition among the people is one of the important key factors driving the growth of the market. This can be attributed to the increasing consumer demand for chemical-free meat and milk-based products. Product manufacturers are using innovative processing and harvesting machinery to produce long-fiber hay cubes and hay products with enhanced fiber content.

In the US, beef industries have the most influence over alfalfa and hay prices. In terms of regional analysis, North America, particularly the US is the largest producer as well as exporter of alfalfa owing to the country's excellent geographical conditions. The country is known for its various best-quality alfalfa products.

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The latest research on the Alfalfa market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Alfalfa industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Alfalfa market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading players involved in the Alfalfa Market include:

S&W Seed (US), Hay USA Inc. (US), Oxbow Animal Health (US), Bailey Farms International (US), Haykingdom Inc (US), Mc Cracken Hay (US), Cubeit Hay (US), Standlee Hay (US), Al Dahra ACX Global Inc. (US), Anderson Hay & Grain (US), Green Prairie International Inc- (Canada), Carli Group (Italy), Border Valley (India), Riverina (Australia) 

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Segmentation of Alfalfa Market:

By Feed Type

Hays

Bales

Pellets

Cubes

By Application

Dairy Cow Feed

Cattle and Sheep Feed

Pig Feed

Horse Feed

Poultry Feed

By Animal Type

Cattle

Horse

By Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

What to Expect in Our Report?

(1) A complete section of the Alfalfa market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Alfalfa market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Alfalfa market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Alfalfa market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Alfalfa Market report.

Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.

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[bizworldinsights]

Pineapple Powder

The global Pineapple Powder market is estimated to be valued at over US$ 375 million in 2019, projecting an impressive growth of 6.7% to create a 1.8X revenue opportunity by 2028. Functioning as a nutritional supplement, Pineapple Powder is often marketed as a standalone product or used as a dusting agent in desserts, sauces, and smoothies. This natural ingredient is favored over artificial alternatives, with increased usage as a nutritional/dietary supplement for better health outcomes. Consequently, numerous food ingredient companies are actively expanding their reach in this segment, which is currently dominated by small-scale enterprises. Organic growth remains pivotal for market expansion in the Pineapple Powder sector.

The sales of Pineapple Powder are primarily influenced by the rising number of cafes and the consumption of sweets and confectionery products. Consumers are increasingly leaning towards products enriched with high nutrients and appealing flavors, making fruit powders, like Pineapple Powder, a preferred choice for dusting. The presence of the enzyme 'bromelain' in Pineapple Powder makes it an excellent source of natural colors. Consumption is expected to rise further with increasing awareness and the growth of the middle-class population. In terms of types, conventional Pineapple Powder held a substantial 95.7% market share in 2018, but this is anticipated to decline by 370 basis points during the forecast period, while organic product consumption is expected to increase.

Global Pineapple Powder Market Size and Forecast: Regional Analysis

In 2018, North America recorded the highest sales of Pineapple Powder, accounting for over 37% of net sales, primarily driven by consumption as food additives. The region's high population and urbanization levels played crucial roles in this consumption pattern. Asia Pacific is poised to experience the fastest growth during the forecast period, with India and China expected to register double-digit CAGR between 2019 and 2028. The region is witnessing the emergence of new players, fostering a significant competitive landscape.

Global Pineapple Powder Market Size and Forecast: Competition Landscape

Key players in the Pineapple Powder market include:

Aarkay Food Products Ltd.

DAMCO Phytochem & Research LLP

Modernist Pantry LLC

Harmony House Foods, Inc.

Shaanxi Dongyu Bio-Tech Co. Ltd

NutraDry

Morriko Pure Foods Pvt. Ltd

Foods & Inns

Paradiesfrucht GmbH

Hainan Nicepal Industry Co. Ltd

Research Scope:

By Ingredient Type:

Conventional

Organic

By Application:

Medical Foods

Pet Foods

Bakery and Confectionaries

Dairy Products

Nutrient Supplements

General Purpose

Infant

Others

By Distribution Channel:

B2B

Food & Beverage Processing Companies

Independent Outlets (Restaurants, Cafes, Others)

B2C

General Stores

Convenience Stores

Hypermarkets and Supermarkets

Pharma/Drug Stores

Others

[industryforecastnews]

Enzymes Market Size To Reach $20.31 Billion By 2030 | CAGR: 4.9%

Enzymes Market Growth & Trends

The global enzymes market size was estimated at USD 20.31 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. The rising consumption of products on the account of the increasing awareness regarding an individual’s health is likely to positively influence the product demand over the forecast period.

Carbohydrase is bifurcated as cellulose, amylase, pectinase, xylanase, and lactase. It is widely used as an ingredient in the formulation of carbonated drinks. The growing usage of different kinds of carbohydrases in the animal feed and pharmaceutical industry is further projected to boost the overall industry demand in the coming years.

In North America, the U.S. is dominating the market for enzymes across the region on the account of the changing consumer preferences and rising demand for organic and nutritional food items from the food & beverage industry. Furthermore, the escalating market growth from the pharmaceutical and nutraceutical industry is anticipated to fuel the industry growth over the forecast period.

The market is an oligopolistic market with major players dominating the marketspace such as DSM, Novozymes, and DuPont Danisco among others. There is a significant rise in the demand for high-quality specialty enzymes across the globe. Thus, raw material distributors and manufacturers are witnessing a spike in lucrative opportunities to offer uniform and superior quality products via a systematic supply chain network.

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Enzymes Market Report Highlights

Food & Beverages segment accounted for more than 22.9% in 2022of the industrial type share due to the rising usage of enzymes in bakery and functional food products

Industrial emerged as the largest type segment in 2022 and is estimated to generate revenue of over USD 11.42 billion by 2030

Microorganisms emerged as the largest source segment in 2022 and are estimated to generate revenue over USD 17.47 billion by 2030

North America is projected to witness the fastest growth rate of 6.6% from 2023 to 2030 due to the rising R&D activities across the developed countries coupled with the presence of numerous end-use application manufacturers in the pharmaceuticals, food & beverage, and personal care & cosmetics sector

Pharmaceutical emerged as the largest specialty type segment with a revenue share of 40.6% in 2022, due to the increasing usage of the product in different applications including wound healing, diagnosing diseases, and killing disease-causing bacteria

Enzymes Market Segmentation

Grand View Research has segmented the global enzymes market report based on type, product, source, and region

Enzymes Type Outlook (Revenue, USD Million, 2018 - 2030)

Industrial Enzymes

Food & Beverages

Meat Processing

Dairy Products

Beverages

Bakery & Confectionery

Other Food Products

Detergents

Animal Feed

Ruminants

Swine

Poultry

Aquafeed

Others

Biofuels

Textiles

Pulp & Paper

Nutraceutical

Personal Care & Cosmetics

Wastewater

Others

Specialty Enzymes

Pharmaceutical

Research & Biotechnology

Diagnostics

Biocatalyst

Enzymes Product Outlook (Revenue, USD Million, 2018 - 2030)

Carbohydrase

Proteases

Lipases

Polymerases & nucleases

Others

Enzymes Source Outlook (Revenue, USD Million, 2018 - 2030)

Plants

Animals

Microorganisms

Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Spain

Italy

Asia Pacific

China

India

Japan

South Korea

Indonesia

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

Turkey

List of Key Players in the Enzymes Market

BASF

Novozymes

DuPont Danisco

DSM

NOVUS International

Associated British Foods Plc

Chr. Hansen Holding A/S

Advanced Enzyme Technologies

Lesaffre

Adisseo

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[chemicalresearchupdates]

The Rise of Digestive Enzymes: Transforming the Digestive Health Products Market

The digestive health products market comprises a wide range of probiotic and prebiotic supplements that promote gut health and digestive function. Probiotic supplements contain 'good' bacteria that help maintain a balanced environment in the gut, while prebiotics act as food for the beneficial microbes already in the intestine. Growing awareness about the link between gut health and overall well-being has boosted demand for these products in recent years.

The global digestive health products market is estimated to be valued at US$ 47.02 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

The opportunity in improving gut health through the use of digestive health products is expected to drive significant market growth over the coming years. Research increasingly shows that gut flora influences multiple systems in the human body like the immune system and brain. Imbalances in the gut microbiome have been associated with several diseases ranging from irritable bowel syndrome to cardiovascular conditions. As consumers seek natural remedies to tackle gut-related issues and promote overall wellness, the demand for high-quality probiotic and prebiotic supplements is poised to rise substantially. Manufacturers introducing innovative products targeting specific gut health problems can gain an edge in this burgeoning market. Porter's Analysis

Threat of new entrants: The threat of new entrants is moderate as the digestive health product market requires extensive R&D and brand recognition. However, opportunities exist with new innovations.

Bargaining power of buyers: The bargaining power of buyers is high given the presence of many substitute products. Buyers can opt for private label products if branded products increase prices.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as key ingredients are commodities available from many suppliers globally. Suppliers of specialized ingredients may wield some pricing power.

Threat of new substitutes: The threat of new substitutes is high from alternative probiotic and prebiotic sources, as well as non-dairy yogurt and drinks. Innovation is high in functional foods and beverages.

Competitive rivalry: Competition is intense among global players and private label brands. Companies compete on product innovation, brand, and marketing.

SWOT Analysis

Strengths: Strong brands and R&D capabilities of key players. Increasing awareness about digestive health and gut health.

Weaknesses: Sensitivity of probiotic cultures to processing and storage conditions. Higher prices than conventional foods limit adoption.

Opportunities: Growth in vegetarian and vegan diets driving demand for non-dairy products. Emerging markets yet to realize potential. Flexitarian trends favor functional foods.

Threats: Intense private label competition and proliferation of me-too products dilute brands. Regulatory environment can impact innovations.

Key Takeaways

The global digestive health products market is expected to witness high growth. Being a specialty industry, it is more resilient to economic cycles compared to staples. The market size is estimated to reach US$ 91.31 Bn by 2030 from US$ 47.02 Bn in 2023, expanding at a CAGR of 7.2%. North America holds the largest share currently, driven by health awareness and discretionary spending. Asia Pacific is poised to be the fastest growing region with rising middle class and westernization of diets in large economies like India and China. Japan also has a well-established probiotics market. Key players operating in the digestive health products market are Danone S.A., Arla Foods amba, Nestlé, Chr. Hansen Holding A/S, Yakult Honsha Co., Ltd., General Mills Inc., Meiji Holdings Co., Ltd, MondelÄ“z International, PepsiCo, Inc., and Kellogg NA Co. These companies have strong R&D and marketing capabilities to consolidate their leadership positions.

[rupalic]

Feed Additives Market: Key Factors behind Market’s Rapid Growth

The feed additives market encompasses a wide range of products used in animal nutrition to enhance the quality and nutritional value of animal feed. These additives serve various purposes, including improving digestion, enhancing growth and performance, boosting immunity, and preventing diseases in livestock.  The global feed additives market size is estimated to be valued at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.

Key factors driving the feed additives market growth

Increasing Demand for Animal Protein: With a growing global population and rising incomes, there is a higher demand for meat, dairy, and eggs. This has led to increased production of livestock and poultry, consequently boosting the demand for feed additives to enhance animal health, growth, and productivity.

Rising Concerns about Animal Health and Welfare: Consumers are becoming more aware of the importance of animal welfare and the quality of animal products they consume. As a result, there is a greater focus on using feed additives to improve animal health, reduce disease incidence, and enhance overall welfare.

Efforts to Improve Feed Efficiency: Feed additives such as enzymes, probiotics, and prebiotics help improve feed conversion ratios, nutrient utilization, and digestion efficiency in animals. Farmers are increasingly adopting these additives to optimize feed utilization, reduce feed costs, and improve profitability.

Regulatory Pressures and Antibiotic Reduction Initiatives: Regulatory restrictions on the use of antibiotics in animal feed, driven by concerns over antimicrobial resistance, have led to the adoption of alternative feed additives. Probiotics, prebiotics, organic acids, and phytogenics are being used as alternatives to antibiotics to promote animal health and growth.

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How does the prioritization of environmentally responsible practices impact feed additive manufacturers?

As consumers and regulators increasingly prioritize environmentally responsible practices, the demand for sustainable feed additives has surged. This shift places substantial pressure on manufacturers to develop and implement eco-friendly production processes and source sustainable raw materials. Moreover, ensuring the safety and efficacy of these additives while meeting stringent regulatory requirements remains a significant hurdle. The sustainability of the feed and livestock chain has a profound impact on this market. Suppliers must address issues such as reducing greenhouse gas emissions, optimizing resource utilization, and minimizing waste. Failure to do so can lead to reputational damage and market exclusion. Additionally, the rising costs associated with sustainable practices and compliance with stringent regulations can strain profit margins. Therefore, the feed additives market faces the dual challenge of meeting evolving sustainability demands while maintaining competitiveness and profitability, making innovation and sustainability key drivers for future success in this industry.

Poultry Segment Holds the Major Feed Additives Industry Share

The poultry industry has become a major engine for the growth of the feed additives market, driven by several key factors:

Rising Demand for Poultry: Changing dietary habits and population growth have led to a surge in global demand for chicken and eggs. To meet this growing need, farmers rely heavily on feed additives.

Efficiency in Poultry Production: Poultry, particularly broilers (chickens raised for meat), have a shorter production cycle compared to other livestock. This rapid turnover rate makes them ideal candidates for benefiting from feed additives.

Faster Results: Feed additives like antibiotics, probiotics, and growth promoters can deliver quick and visible results in poultry. They can improve weight gain, prevent diseases, and enhance feed conversion efficiency, offering a clear incentive for farmers.

Innovation in Poultry Nutrition: The poultry sector is a leader in adopting new technologies like precision feeding and nutrigenomics for animal nutrition. This progressive approach further strengthens the dominance of the poultry sub-segment within the global feed additives market.

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Major players profiled

Cargill Incorporated (US)

ADM (US)

International Flavors & Fragrances, Inc. (US)

Evonik Industries AG (Germany)

BASF SE (Germany)

DSM (Netherlands)

Ajinomoto (Japan)

Novozymes (Denmark)

CHR. HANSEN (Denmark)