Lucintel Blog: Lucintel Forecasts Protease Food Enzyme Market to Reach $1.4 Billion by 2028

Monday, July 31, 2023

Lucintel Forecasts Protease Food Enzyme Market to Reach $1.4 Billion by 2028

According to the recent study the protease food enzyme market is projected to reach an estimated $1.4 billion by 2028 from $1.1 billion in 2023, at a CAGR of 5.6% from 2023 to 2028. Growth in this market is primarily driven by changing dietary habits; growing usage in diary products, bakery & pastry, and beverages in emerging economies; and the introduction of genetically engineered enzymes.

A more than 150–page report is developed to understand trends, opportunities and forecast in protease food enzyme market by source (microorganisms, plants, and animals), form (lyophilized powder, liquid, and others), application (food and beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/protease-food-enzyme-market.aspx

“Lyophilized powder market is expected to remain the largest segment during the forecast period.”

Based on form, the protease food enzyme market is segmented into lyophilized powder, liquid, and others. Lucintel forecasts that the lyophilized powder market is expected to remain the largest segment as it is more durable and less prone to degradation as compared to liquid enzymes.

“Within the protease food enzyme market, the food segment is expected to remain the largest application.”

Based on application the food segment is expected to witness the highest growth over the forecast period due to the increasing application of enzymes in a variety of applications, such as tenderizing meat, improving the texture of baked goods, and enhancing the flavor and nutritional value of various foods.

“Asia pacific will dominate the protease food enzyme market in near future.”

APAC is expected to witness the highest growth due to strong tradition of food processing and increased demand for high-quality processed food in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/protease-food-enzyme-market.aspx.

Major players of protease food enzyme market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. DuPont, Associated British Foods, DSM, Novozymes, CHR. Hansen, Kerry Group, Puratos Group, Advanced Enzyme Technologies, and Amano Enzyme are among the major protease food enzyme providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/protease-food-enzyme-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

Related reports

Micro-Irrigation System Market:

For more details click here https://www.lucintel.com/microirrigation-system-market.aspx

Omega-3 PUFA System Market:

For more details click here https://www.lucintel.com/omega-3-pufa-market.aspx

Organic Rice Protein Market:

For more details click here https://www.lucintel.com/organic-rice-protein-market.aspx

Pulse Flour Market:

For more details click here https://www.lucintel.com/pulse-flour-market.aspx

Industrial Alcohol Market:

For more details click here https://www.lucintel.com/industrial-alcohol-market.aspx