Market Overview —
The surge in the demand for fruit and beverage products due to the growth of the food & beverage industry in the developing economies, such as India and China has uplifted the fruit & vegetable enzymes market in this region. Further, beverage industries have a high demand for fruit & vegetable enzymes as they enhance the overall nutritional value of the product. However, restricted use of these enzymes due to thermal instability is likely to hamper the market growth over the review period.
The Asia Pacific region is dominating the fruit & vegetable enzymes market and is estimated to have a substantial growth over the forecast period, 2017-2024. In the Asia Pacific region, India, China, and Japan are the major consumers of fruit & vegetable enzymes due to increasing consumption of fruit juices, concentrates, and other beverages. This has opened the opportunity to introduce new products in beverages in this region.
Furthermore, leading players are also investing in partnership with various food and beverage product manufacturers as the primary focus area is to grow the consumer base. Additionally, increasing number of health-conscious consumers in this region is one of the driving forces for the growth of this market.
Furthermore, the thermal stability and limited product applicability of fruit and vegetable enzymes such as pectinase and protease are likely to hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the Asia Pacific fruit & vegetable enzymes market at a CAGR of 6.8% From 2018-2023.
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Major Key Players
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major fruit & vegetable enzymes players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the Global Fruit and Vegetable Enzymes Market
• E. I. du Pont de Nemours and Company (U.S.),
• Advanced Enzyme Technologies Ltd. (India),
• Associated British Foods plc (U.K),
• Koninklijke DSM N.V. (the Netherlands),
• Novozymes A/S (Denmark),
• Groupe Soufflet (France),
• Jiangsu Boli Bioproducts Co., Ltd. (China),
• Sunson Industry Group Co Ltd. (China),
• Biocatalysts Limited (U.K)
• Amano Enzyme Inc. (Japan)
Fruit & vegetable enzymes have a massive opportunity in the beverage industry
The top 5 exporters of fruit & vegetable enzymes include Denmark, the U.S. Germany, China, and
Application of amylase enzyme in beverages is experiencing a higher growth rate
The Global Fruit & Vegetable Enzymes Market is segmented into type, application, and form.
On the basis of the type, it is segmented into pectinase, amylase, protease, cellulase, and others. Among all, the amylase enzyme segment is dominating the market followed by protease enzyme due to its low cost. Amylase is mainly used in food & beverages industry.
On the basis of the application, the fruit & vegetable enzymes market is segmented into fruits and vegetables. Among both, the fruit segment is dominating the market. Increasing beverage industry has led to the increased demand for fruit juices, resulting in the demand for enzymes.
On the basis of the form, it is segmented into powder, liquid, and others. The liquid segment is dominating the market due to is its direct use in its liquid form in various beverage formulations.
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Fruit & Vegetable Enzymes Market is segmented into Europe, North America, Asia Pacific, and rest of the world (RoW). The North American region is dominating the market followed by Asia Pacific owing to the increasing demand for fruit and vegetable juices among the developed countries in these regions. Canada, Germany, the U.K, the U.S., and China are the major importers of fruit & vegetable enzymes. Additionally, the major key players are actively involved in the research & developments of the product conforming to North American regulations for the use of fruit & vegetable enzymes.
Furthermore, increasing demand for fruit and vegetable beverages is also supporting the growth of fruit & vegetable enzymes market in the North American region including countries such as the U.S. and Canada.
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