The food enzymes market value is expected to cross USD 4.6 billion by 2027, according to a new research report by Global Market Insights Inc. Steady growth of bakery industry along with growing consumption of processed food products to propel the overall market demand.
Proteases contributes a considerable share in the global market after carbohydrases. Protease’s prominent contribution in several physiological processes such as digestion of food proteins, protein turnover, cell division, blood-clotting cascade etc. inside the human body is one of the key factors of its usage in the food & beverages industry. Additionally, the market will be positively impacted by the increased consumption of proteases in baby food products.
Food enzymes market from processed food application is anticipated to grow at over 7% CAGR from 2021 to 2027. Increasing usage of enzymes in processed food and beverage sector to convert complex molecules into simpler molecular structures will drive the segment growth. Moreover, increasing consumer awareness regarding nutritional benefits offered by enzymes in fortified products is likely to support business expansion.