Africa is expected to be see an uptick in demand for enzymes with South Africa expected to lead in terms of demand The rising disposable incomes, demand for convenience foods and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. However, the market is characterized by unregulatory process.
The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Apart from these reasons, the increasing penetration of organized retail in urban and rural centers globally seem to drive the need for food enzymes. The key restrains the market faces is in terms of unclear regulatory process and high Research and development costs.
The report is segmented based on enzymes types which include Carbohydrases, proteases and Lipases. , carbohydrases dominate the market followed by proteases and lipases. Food enzymes find major application in Bakery, Dairy & Frozen products, Enzymes, Meat products, Oils and Fats among others. Bakery is the largest application market, as food enzyme are used to improve dough stability and shelf life of end products. Increased use of enzymes in cheese processing is driving the use of enzymes in dairy industry, which is the second largest application market followed by the beverages industry.
Some of the players who have been profiled in this report include AB Enzymes, Novozymes, Sunson Industry group, Cargill, Tate & Lyle among others. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.
1.1 Research Methodology
1.2 Definition of the Market
2. KEY FINDINGS OF THE STUDY
3. MARKET DYNAMICS
3.2.1 High popularity among professional chefs in luxury hotels
3.2.2 Demand from health aware populations of western countries
3.2.3 High profit margins for retailers
3.2.4 Increased application in traditional cuisines
3.3.1 Very Expensive end product
3.3.2 Lack of awareness in the developing countries
3.4.1 Untapped market in the developing countries
3.4.2 Increasing popularity due to food and cookery shows
3.4.3 Higher incidence of application in meat & sea food processing industry
3.4.4 Rising gourmet restaurants throughout the world
3.5 Porter's Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Type
4.1.1 Sale Grosso
4.1.2 Flakey Salt
4.1.3 Table Salt
188.8.131.52 Sel Greis
184.108.40.206 Kala Namak
220.127.116.11 Finishing salt
18.104.22.168 Fleur de Sel
22.214.171.124 Flavored Salt
126.96.36.199 Hiwa Kai
188.8.131.52 Sale Marino
4.2 By Application
4.2.3 Meat & Poultry
4.2.4 Sea Food
4.2.5 Sauces & Savories
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Alaska Pure Sea Salt Co.
6.2 Amagansett Sea Salt Co.
6.3 Cargill, Incorporated
6.4 Cheetham Salt Ltd.
6.5 Devonshire Gourmet Salts
6.7 Kalahari Pristine Salt Worx.
6.8 Maldon Crystal Salt Co.
6.9 Morton Salt, Inc.
6.10 Murray River Salt
6.11 Pyramid Salt Pty.Ltd.
6.12 Saltworks, Inc.
6.13 San Francisco Salt Company & San Francisco Bath Salt Company
6.14 The Marblehead Salt Co. LLC.