Global Benzoate-Free Enzymes Market Overview
Benzoate-Free Enzymes, a chemical prominently used preservative, effective principally against yeast. Increasing competition for dairy products with clean and private labels resulted in the introduction of new and innovative products, such as benzoate-free enzymes, is the prominent factor driving the benzoate-free enzymes market. Manufacturers such as DSM has lately assimilated innovative production technologies at its facilities and progressed its entire cheese enzyme portfolio.
Moreover, a growing number of consumers among the population are shifting preference towards healthy and nutritional products, such as benzoate-free enzymes to avoid health-related problems in the short- and long-term. Considering these factors, benzoate-free enzymes market is expected to register a single-digit compound annual growth rate (CAGR) from 2018 to 2028. The benzoate-free enzymes market across the globe has grown considerably owing to the rising demand for better and healthier meals and snacks, which is expected to increase the manufacturing and sales of benzoate-free enzymes globally. Governmental support for a holistic approach to health products also lay a positive impact on benzoate-free enzymes market.
Global Benzoate-Free Enzymes Market Dynamics
With synthetic preservatives falling out of an errand, cheese manufacturers are progressively on the lookout for benzoate-free enzymes which pledge that not just cheese but also whey is benzoate-free. Moreover, increasing concerns towards health and nutrition have resulted in changing consumption patterns among consumers across the globe. This has led to a rise in awareness towards ingredients and contents of diet and food products being consumed, and also the quality of ingredients. Additionally, shifting preference towards consumption of benzoate-free enzymes products among consumers owing to raising awareness regarding the various health benefits it offers, including reduced cholesterol levels, normalized bowel movement, and also anti-inflammatory. It is a significant factor in driving the growth of the global benzoate-free enzymes market, and the trend is expected to continue in the future as well.
Exploring new sources and applications of benzoate-free enzymes and identifying applications in the food and beverage industry are the recognized market opportunities in the global benzoate-free enzymes market. Increasing applications in food products, rising demand for benzoate-free enzymes products from consumers, and consumer focus towards quality and safe, natural products and those with natural ingredients are the factors expected to fuel the growth of global benzoate-free enzymes market over the forecast period.
Global Benzoate-Free Enzymes Market Segmentation
The global Benzoate-Free Enzymes market can be segmented on the basis of Source as:
- Animal & Micro-organism
The global Benzoate-Free Enzymes market can be segmented on the basis of Application as:
- Frozen Desserts
- Infant Formula
- Other Product Types
The global Benzoate-Free Enzymes market can be segmented on the basis of the geographical region as:
- North America
- Latin America
- CIS & Russia
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Global Benzoate-Free Enzymes Market Regional Overview
Markets in Europe, Middle East and Africa and Asia Pacific are expected to grow significantly over the forecast period. Consumption of Benzoate-Free Enzymes to maintain healthy immune and digestive systems is relatively high among consumers in countries in the Europe region, which is expected to drive the Benzoate-Free Enzymes market growth in the near future. Increasing concerns about healthy and nutritional food products among consumers globally and changing consumption trends towards healthy food products in the young population are the factors expected to drive the growth of the global Benzoate-Free Enzymes market over the forecast period.
Among all the regional markets, North America is estimated to dominate the Benzoate-Free Enzymes market in terms of revenue share, followed by Europe and Asia Pacific. Asia Pacific and Latin America are expected to register higher growth in terms of value over the forecast period.
Global Benzoate-Free Enzymes Market Key Players
Some of the key market participants in the global Benzoate-Free Enzymes market are:
- Cargill Incorporated
- Archer Daniels Midland
- Ingredion Incorporated
- Tate & Lyle PLC
- I. du Pont de Nemours and Company
- SunOpta Inc.
- Suedzucker AG Company
- Grain Processing Corporation
- Rettenmaier & Söhne GmbH & Co KG
- Roquette Frères S.A
- Other prominent players
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- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
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