The global Fruit and Vegetable Processing Enzymes market was valued at USD 28.37 billion in 2016 and is projected to reach USD 50 billion by 2025, growing at a CAGR of 6.5% from 2017 to 2025.
Vegetable and Fruit Processing Enzymes are in huge demand as the consumption has witnesses rapid increase since the past few years. The rise of food processing industry coupled with growing consumption of fruit and vegetable based convenience foods is expected to have positive impact on market demand.
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1. Market Drivers
1.1 High specificity of enzymes in biochemical reactions
1.2 Improvement of quality and yield of fruit- & vegetable-based juices and beverages
2. Market Restraints
2.1 Restricted temperature and operational PH range
2.2 Limitations in the brewing industry
The global Fruit and Vegetable Processing Enzymes market is segmented on the type, product type, application, source, form, and region.
1. By Type:
2. By Product Type:
2.1 Wines and Ciders
2.2 Pastes and Purees
3. By Application:
3.1.4 Other Citrus Fruits
4. By Source:
5. By Form:
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Amanzo Enzyme Inc.
2. EI Du Pont De Nemours Company
4. Associated British Foods PLC
5. Sunson Industry Group
6. Koninjklijke DSM NV
7. Jiangsu Boli Bioproducts Co. Ltd.
8. Novozymes A/S
9. Group Soufflet
10. Advanced Enzymes
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Fruit and Vegetable Processing Enzymes market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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