Food Enzymes Market: Growth Opportunities and Recent Developments

The report "Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases Nucleases), Source, Application (Food Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026", The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The growing demand for diverse range of food products, clean label trend, and increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.

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The microorganism segment is projected to witness significant growth during the forecast period.

Based on source, the food enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to witness the fastest growth during the forecast period, as enzymes obtained from microbial sources lead to low production costs and are stable than other sources. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done.

The carbohydrases segment is projected to account for a major share in the food enzymes market during the forecast period

By type, the food enzymes market is segmented into carbohydrases, proteases, lipases, polymerases nucleases, and other enzymes (such as catalases, laccases, oxidases, phosphatases, kinases, esterases, and pectinases). Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Due to easy modification and optimization processes, there is a huge usage of amylase in the food beverage industry.

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The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.

The food enzymes market in North America was dominant due to the increasing demand for enzymes in food applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food beverage industry one of the essential sectors in North America. However, the shift of food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen Holdings A/S(Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).  

Water-soluble Fertilizers Market to Witness Unprecedented Growth in Coming Years

According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%. Water-soluble fertilizers hold an optimum combination of nitrogen, phosphate, and potassium (NPK) along with essential micronutrients. It is readily soluble in water and used for drip irrigation. The increasing cases of nutrient deficiency in crops and plants, along with the growing need for increased agricultural output are factors driving the water-soluble fertilizers market. Since these fertilizers are dissolved in water, the nutrients are readily and efficiently absorbed by the crops. Additionally, the increasing adoption of precision farming, horticulture, and hydroponics, are other factors fueling the demand for water-soluble fertilizers.

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The high demand for nitrogen at all stages of crop growth drives the market

The water-soluble nitrogenous fertilizer dominates the market by type. Nitrogen is a component of the chlorophyll molecule, which enables the plant to capture sunlight by photosynthesis. Nitrogen plays a critical role within the plant to ensure energy availability and yield optimization. Most of the nitrogen is absorbed by the plant through the soil.

The growing popularity of drip and micro irrigation is projected to boost the fertigation mode of application

Fertigation is the technique of supplying dissolved fertilizer to crops through an irrigation system. When combined with an efficient irrigation system, both nutrients, and water can be manipulated and managed to obtain the maximum possible yield. Fertigation is a widely used farming practice that allows growers to save time, resources, and, effort by completing two events at a time: fertilization and irrigation.

The increasing cultivation of horticulture is set to dominate the market during the study period

The science and art of growing and utilizing high-value food and ornamental plants in a sustainable manner is known as horticulture. Horticulture farming aims to enhance our life quality, as well as the beauty, sustainability, and recovery of our ecosystem and the human condition. In recent years, there has been an increase in the cultivation of fruits, vegetables, and decorative indoor plants, which drives the demand for water-soluble fertilizers to increase crop productivity.

Ease of storage increases the demand for the dry form of water-soluble fertilizers.

Fertilizers which are in solid form before application, mixing, or blending are termed as dry fertilizers. Dry ones include granules, powder, etc. Due to the ease of storage, longer shelf life, ease of mixing, and availability of customized blends, growers are increasingly demanding dry forms of water-soluble fertilizer.

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Asia Pacific provides the highest growth prospects for the water-soluble fertilizers market in 2023

Asia Pacific is highly dependent on agriculture, with countries like India and China being agricultural dominant countries. The prime factor contributing to the growth of water-soluble fertilizers in the region is the growing adoption of water-soluble fertilizers to meet the intensifying food demand and escalating population. Additionally, key players like Nutrien (Canada), Israel Chemical Company (Israel), Yara International (Norway), and others have a strong presence and market share in the region, which further boost the vitamin market in the Asia Pacific.

Key players in this market include Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Quimicay Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), Yara International (Norway), Haifa Chemicals Ltd (Israel), Compo GmbH (Germany), Coromandel International Ltd (India), The Mosaic Company (US), Hebei Monband Water Soluble fertilizers Co., Ltd (China), Agafert (India), EuroChem (Switzerland), Azoty Group (Poland), Vakichim (Bulgaria), Gujarat State Fertilizers & Chemicals Ltd (India), IFFCO (India), SPIC  (India), Aries Agro Ltd (India), Mangalore Chemicals & Fertlizers Ltd (India), Incitec (Australia).

Animal Disinfectants Market Growth Opportunities by 2027

The report "Animal Disinfectants Market by Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy Ruminants, and Aquaculture), Form (Liquid and Powder), Type (Iodine, Lactic Acid, Hydrogen Peroxide), and Region- Global Forecast to 2027", size is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, recording a CAGR of 7.6% during the forecast period. The growth of the animal disinfectants market is attributed to the increasing trade of sanitation amidst this COVID-19 pandemic and increasing demand for meat and other animal products among countries such as Mexico, Brazil, Argentina, the UAE, India, and China. Animal disinfection is a technique that involve cleaning both the animals such as swine, equine, ruminants, poultry, and fishes and the surfaces to guarantee that microbial and other illnesses do not affect the animals or enter the food chain through the production process at the facilities. The animal disinfectants market is witnessing significant growth due to the increasing consumption of meat products in developing countries such as India, China, South Africa, and Brazil, compelling manufacturers to increase production.

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By type, the iodine segment is estimated to account for the largest share in the animal disinfectants market in 2022.

On the basis of product type segment, the iodine segment is estimated to dominate the animal disinfectants market in 2022. In recent years, China is being observed as an emerging country in the animal disinfectants market due to the increasing awareness in sanitation and increasing livestock production. For effective cleaning and disinfection, manufacturers use chemicals such as lactic acid, glycolic acid, phenolic acid, hydrogen peroxide, peracetic acid, and iodine in various chemical disinfection. However, the use use of iodine has dominated the use of all other compounds owing to its easy availability and wide applicability.

By application, dairy cleaning segment is projected to be the fastest-growing segment during the forecast period in the animal disinfectant market

During the forecast period, the dairy cleaning segment is projected to grow at the highest CAGR in the animal disinfectants market, in terms of value. Disinfectants are widely used in the dairy industry for cleaning dairy equipment. The cleaning of dairy cattle involves removing equipment and bedding before cleaning. The nature of the surfaces will influence the disinfection process. Rough and porous surfaces are difficult to disinfect in comparison to smooth surfaces. Both the milking parlor and milking machines must be cleaned daily to ensure more hygienic products.

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The Europe is estimated to dominate the animal disinfectant market in 2022

The Europe is estimated to account for the largest market share in the animal disinfectants market in 2022. The disinfectant industry in Europe offers the animal disinfectants market a large consumer base with opportunistic growth prospects. The growth of this market in the region is projected to be driven by developments in the livestock and meat industry in the Eastern European countries. Increasing consumption of meat products in this region has also compelled manufacturers to source and export of animal disinfectants to other parts of the world for an uninterrupted supply of advanced disinfectants.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Neogen Corporation (US), GEA (Germany), Lanxess AG (Germany), Zoetis (US), Kersia Group (France), CID Lines (Belgium), Albert Kerbl GmbH (Germany), PCC Group (Germany), Laboratoires Ceetel- CMPC (France), G SheperdAnimal Health (UK), Sanosil AG (Switzerland), DeLaval Inc. (Sweden), Diversey Holdings Ltd. (US), Fink Tec GmbH (Germany), Evans Vanodine International PLC (UK), Virox Animal Health (Canada) and Kemin Industries (US)

Biostimulants Market to Record Steady Growth by 2027

The global biostimulants market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8% during the forecast period. Food and agricultural production systems worldwide are facing unprecedented challenges, from the increasing demand for food for a growing population, rising hunger and malnutrition, adverse climate change effects, overexploitation of natural resources, loss of biodiversity, and food loss and waste. These challenges can undermine the world’s capacity to meet its food needs now and in the future.

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According to FAO, in 2021, organic agriculture will be practiced in 187 countries, and 72.3 million hectares of agricultural land will be managed organically. The global sales of organic food and drinks reached more than USD 103.68 billion in 2019. There is a paradigm shift in India post the COVID-19 pandemic as consumers began to buy more organic foods as a preventive health measure. Organically grown fresh fruit has taken a leading position in international trade. The production and sales of organic food are from developed countries, but even developing countries have begun to produce and export organic foods and products. According to APEDA, India is the leading exporter of organic tea and coffee, spices, and condiments. India also exports organic fruits and vegetables. The rich nutritional value of organic fruits and vegetables is the main reason for their demand in the domestic and global markets. Organic foods have more antioxidants than conventionally grown varieties, making them more beneficial for health, including cancer prevention.

Opportunities: Growing demands for seed treatment

According to MarketsandMarkets insights, there is a growing demand for biostimulant treated seeds globally. The production of high-quality and effective seeds is essential for obtaining a higher crop yield. Biostimulants facilitate an increase of seed vigor during the crucial growth phases, due to which they are being used globally for seed treatment purposes. In addition, many companies have already started exploring this segment with increased investments in RD activities. The right combination of synthetic crop protection and biological-based seed treatments is proving to be useful. Cotton seedlings were the first to be treated on a large scale with biological solutions in the US in 1999; the industry has grown since. Seed treatment provides an efficient mechanism for enhancing the activity of seeds in the soil environment, where they are appropriately positioned to colonize seedlings and roots and protect them against soil-borne diseases and pests.

Nanoencapsulation Technology to Create New Effective Products is one of the Major Trends

Natural antimicrobials and biostimulants hamper the negative impact of agrochemicals, and their delivery needs a proper carrier system. Nanoencapsulation technologies are widely applied in the field of food and pharmaceuticals and are rapidly taking center stage in agricultural applications. Nanoencapsulation techniques such as those based on lipid-based delivery systems, electro-spinning, electro-spraying, and complex coacervation are being developed. New-generation delivery systems, such as nanostructured lipid carriers, solid lipid nanoparticles, and biological nanocarriers, are proving to be highly effective with their functionalities for entrapping bioactive compounds. With a substantial improvement over conventional agricultural methodologies, these promising nanoencapsulation technologies have tremendous scope for the effective and sustained release of bioactive for precision crop protection and production.

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Europe dominated the biostimulants market and is projected to grow at a CAGR of 11.5% during the forecast period.

Europe accounted for the largest share in the biostimulants market in 2021. An increase in land degradation, the need for quality parameters, and the need for high product yield have strengthened the European regulatory authorities demand for clean and sustainable input solutions. The concept of organic production has also gained popularity among farmers and consumers in the last decade. The need for organic products, such as biostimulants, has seen a rising trend in the EU. This has boosted various European biostimulant companies expanding their global network to reach the untapped market. The region has also launched the ‘European Green Deal’ initiative, which aims to expand the use of sustainable practices, such as precision agriculture, organic farming, agroecology, agroforestry, and stricter animal welfare standards. The new ‘Farm to Fork’ Strategy aims at reducing the environmental and climate footprint of the EU food system, strengthening its resilience, ensuring food security, facilitating the transition toward competitive sustainability from farm to fork, and making use of new business opportunities.

Biological Seed Treatment Market: Growth Opportunities and Recent Developments

The Biological Seed Treatment Market has witnessed a surge in demand in recent years, owing to the rising awareness about sustainable agriculture practices and the adverse effects of chemical seed treatment on soil and the environment. The biological seed treatment market is projected to reach USD 1.7 billion by 2025, and it was valued at USD 0.9 billion in 2020. It is expected to grow with CAGR of 11.9%.

Growth Drivers for Biological Seed Treatment Market:

• Rising demand for organic food products
• Increasing awareness about sustainable agriculture practices
• Favorable government initiatives promoting eco-friendly farming practices
• Growing need for crop protection against diseases and pests
• Cost-effectiveness of biological seed treatment

Key Players in the Biological Seed Treatment Market:

1. BASF SE
2. Syngenta AG
3. Bayer AG
4. DuPont de Nemours, Inc.
5. Koppert Biological Systems

Challenges and Opportunities in Biological Seed Treatment Market:

• Lack of awareness about the benefits of biological seed treatment
• Limited availability of commercial products
• High cost of research and development
• Challenges in scaling up the production of beneficial microorganisms
• Growing demand for organic products creates opportunities for biological seed treatment.

Regional Analysis of Biological Seed Treatment Market:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa

Future Prospects of Biological Seed Treatment Market:

• Increasing demand for sustainable agriculture practices to drive the market growth
• Growing investments in research and development activities to develop new products
• Adoption of precision farming techniques to boost the efficacy of biological seed treatment
• Strategic partnerships and collaborations between key players to expand market reach
• Technological advancements in the production of beneficial microorganisms to drive innovation in the market.

Bullet Points:

Biological seed treatment is gaining popularity among farmers for its eco-friendly nature and effectiveness in enhancing crop yield and disease resistance.

The market is driven by factors such as rising demand for organic food products, increasing awareness about sustainable agriculture practices, and favorable government initiatives promoting eco-friendly farming practices.

Key players in the market include BASF SE, Syngenta AG, Bayer AG, DuPont de Nemours, Inc., and Koppert Biological Systems.

The market faces challenges such as lack of awareness about the benefits of biological seed treatment, limited availability of commercial products, and high cost of research and development.

However, growing demand for organic products and increasing investments in research and development activities create opportunities for market growth.

The market is expected to witness significant growth in North America, Europe, Asia Pacific, Latin America, and the Middle East Africa regions.

Future prospects of the market include increasing demand for sustainable agriculture practices, adoption of precision farming techniques, and technological advancements in the production of beneficial microorganisms.

Growth Strategies Adopted by Major Players in Plant-based Meat Market

Plant-based meat is a rapidly growing industry, driven by increasing consumer demand for healthier, more sustainable food options. Plant-based Meat Market is expected to generate a revenue of USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027. The global market was estimated to be valued at USD 7.9 billion in 2022. Plant-based food products are gaining widespread popularity. The plant-based trend continues to grow, encouraging people to eat more fruits, vegetables, legumes, nuts, and seeds.

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One of the key drivers of this growth is the increasing awareness of the negative impact of meat production on the environment, as well as the health risks associated with consuming too much meat. Plant-based meat provides a healthier and more sustainable alternative, as it is typically made from ingredients like soy, peas, and wheat, which have a lower environmental impact than traditional meat production.

Another factor driving the growth of the plant-based meat industry is the rise of flexitarians, where consumers are reducing their meat consumption but still want to enjoy the taste and texture of meat. Plant-based meat provides a convenient and tasty option for these consumers.

In terms of opportunities, there are several areas where the plant-based meat industry can continue to grow and innovate. These include:

Improving taste and texture: One of the biggest challenges for plant-based meat companies is creating products that taste and feel like traditional meat. Continued investment in research and development can help improve the taste and texture of plant-based meat, making it more appealing to consumers.

Expanding distribution: While plant-based meat products are becoming more widely available, there is still room for expansion in terms of distribution. This includes increasing availability in grocery stores and restaurants, as well as expanding into new geographic markets.

Developing new products: Beyond burgers and sausages, there are opportunities to develop new plant-based meat products that appeal to a wider range of consumers. This could include plant-based seafood, chicken, and other meat alternatives.

Partnering with foodservice companies: Plant-based meat companies can partner with foodservice companies, such as fast-food chains and caterers, to offer plant-based options on their menus. This can help increase the visibility and acceptance of plant-based meat among a wider audience.

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Overall, the plant-based meat market is a dynamic and rapidly evolving industry with significant growth potential. Continued innovation and investment will be key to unlocking new opportunities and driving the industry forward.

Lactase Market to Showcase Continued Growth in the Coming Years

According to a research report "Lactase Market by Source (Yeast, Fungi, and Bacteria), Form (Liquid and Dry), Application (Food & Beverages and Pharmaceutical products & Dietary Supplements), Region (North America, Europe, Asia Pacific, South America and RoW) - Global Forecast to 2027" published by MarketsandMarkets, the global lactase market is estimated to be valued at USD 247 million in 2022. It is projected to reach USD 336 million by 2027, at a CAGR of 6.3%, in terms of value between 2022 and 2027. Lactase enzyme is used food and beverage industry to hydrolyze lactose found in milk and dairy products. The lactase enzyme is obtained from different sources which have high activity and enzyme stability which can sustain the fermentation process during manufacturing. A significant increase in the number of people suffering from lactose intolerance is driving up the demand for lactose-free products. This is one of the most important factors influencing the demand for lactase enzymes for the manufacturing of lactose-free products. Further, an increase in R&D activities by key players to provide affordable and sustainable solutions to the stakeholders in the value chain is expected to drive the market.

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Yeast accounts for the largest market share in the lactase market

Based on the source, the yeast segment dominates the market. Lactase enzymes are traditionally extracted from yeast, and they are stable for their application in food & beverages and pharmaceutical. Yeast contains â-galactosidase which breaks down lactose to simpler sugars. It involves the mechanism of phosphorylation, where lactose is cleaved intracellularly by a â-galactosidase.

The liquid segment accounts for the largest market share in the lactase market during the forecast period

Based on form, the liquid segment is projected to account for the largest market share in the lactase market. Liquid lactase accelerates chemical and biological reactions thus making it ideal for food & beverage application. Due to the liquid form, the enzyme is diluted and can also be used in lesser dilutions according to the application. The drawback of the liquid form is that the enzyme needs to be stored at the optimal temperature to maintain its enzymatic activity.

The pharmaceutical products & dietary supplements segment is projected to grow at a significant CAGR in the lactase market during the forecast period

By application, the lactase market is segmented into food & beverages and pharmaceutical products & dietary supplements. In the pharmaceutical segment, lactose is used as an excipient that binds the table. It is not suitable for patients with lactose intolerance; hence the dry lactase powder is used to break down the sugar and make it ideal for consumption by people with lactose intolerance. Similarly, lactose-free dietary supplements provide all nutrition from the milk without compromising on the health and taste of the product.

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Asia Pacific is projected to grow with the highest CAGR in the lactase market during the forecast period

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period and occupies a significant share in the global lactase market. The increasing awareness regarding lactose intolerance in both adults and infants is gaining momentum in the region. Additionally, the demand for lactose-reduced infant formula and lactose-free products for adult nutrition is significantly catering to the growth of the lactase market in the region. Asia Pacific is also witnessing significant expansion in terms of production by key players operating in the market. The regional manufacturers are currently focusing on new product developments and strategic deals such as partnerships, collaborations, and expansions to create more awareness among consumers and cater to the growing demand.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as CHR. Hansen Holdings A/S (Denmark), Kerry Group plc. (Ireland), Koninklijke DSM N.V. (the Netherlands), Novozymes A/S (Denmark), Merck KGaA (Denmark), IFF (US), Amano Enzymes (Japan), Advanced Enzymes (India), Novact Corporation (US), Antozyme Biotech Pvt. Ltd (India), Nature Biosciences Pvt. Ltd (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Enzymes Pvt. Ltd (India), Enzyme Biosciences Pvt. Ltd (India), Infinita Biotech (India), Mitushi Biopharma (India), Oenon Holdings Inc. (Japan), Ultreze Enzymes (India), and Senson (Finland).