United States Food Enzymes Market to Reach US$ 673.3 Million by 2027, Impelled by Emerging Food and Beverage Industry

December 09, 2022

According to the latest report by IMARC Group, titled "United States Food Enzymes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the United States food enzymes market size reached US$ 481.6 Million in 2021. Food enzymes refer to biocatalysts that are generally used to maintain the quality and safety of foods and the efficiency of the process. They are biological catalysts that are extensively utilized in the manufacturing, processing, treatment and preparation of a wide range of food products. They are mainly obtained from plants or animals via the extraction process or by microbial fermentation. Consequently, they are used for the removal of oxygen in bottled soft drinks in order to reduce browning due to oxidation, conversion of starch to sugar in alcohol production, tenderization of meat products and curdling of milk to produce cheese.

United States Food Enzymes Market Trends:

The market in the United States is primarily driven by significant growth in the food and beverage industry. Since they are derived from natural means, they act at moderate temperatures and pH conditions, which makes them a sustainable alternative to chemical processing in the food and beverage industry, thereby catalyzing the market. Coupled with the growing preference for clean-labeled products and the increasing demand for natural products due to the rising health consciousness among the masses, this is providing a boost to the uptake of food enzymes across the country. Apart from this, extensive research and development (R&D) activities conducted by key players in the field of biotechnology are acting as growth-inducing factors. Other factors, including the changing dietary patterns of individuals, the proliferation of quick-serving restaurants (QSRs) and food joints, and the widespread utilization of food enzymes by meat vendors, are also positively influencing the market across the United States. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 673.3 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027.

Market Summary:

  • On the basis of the type, the market has been segmented into carbohydrase (amylase, cellulase, lactase, pectinase and others), protease, lipase and others.
  • Based on the source, the market has been classified into microorganisms, bacteria, fungi, plants and animals.
  • On the basis of the formulation, the market has been categorized into powder, liquid and others.
  • Based on the application, the market has been segregated into beverages, processed foods, dairy products, bakery products, confectionery products and others.
  • On the basis of the region, the market has been divided into Northeast, Midwest, South and West.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
     

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United States Food Enzymes Market to Reach US$ 673.3 Million by 2027, Impelled by Emerging Food and Beverage Industry
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