Global Food Enzymes Market - A $1.57 billion Opportunity, Reveals New Report

The growth of this market is mainly driven by increasing customer interest towards better quality, which contain impartial and nutritive content, the global food enzymes market is expected to grow at a compound annual growth rate (CAGR) of 8.79% and reach US$1.57 billion by 2022 from $0.80 billion in 2014.

The increasing prospective in approaching markets and unexploited regions provides latest development opportunities for market players. The growth of new feed enzymes and shortest feed microbial commodities with modified tradition capabilities will serve as a chance for Feed Enzymes Market players. Reduction in environmental pollution, Increase in Meat Production, Antibiotic Growth-Promoters are the factors favoring the market growth. Regulatory Structure & Intervention is the key factor hampering the market growth.

Global Food Enzymes market is segmented by Type, by Live-Stock and by Geography. Based on Type, market is categorized into Protease, Non-Starch Polysaccharide and Phytase. Based on Live-Stock, market is classified into Poultry, Aquatic Animals, Ruminants, Swine and others. Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific region is estimated to be the fastest growing market during the forecast period, whereas Europe commanded the largest share in 2014.

The Key players in the market include, BASF SE, Lesaffre Group, E. I. Du Pont De Nemours and Company, Alltech Inc., Novus International, Inc., Novozymes A/S, Adisseo France S.A.S., Lesaffre Group and Advanced Enzymes Technologies Ltd.

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