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Functional Enzyme Blends Market Segmented By source that is Bacterial Enzymes, Plant Enzymes, Animal Enzymes, Fungal Enzymes used in Food, Beverages, Health Supplements, Pharmaceuticals, Industrial, Animal Feed.
In the current scenario, the demand of consumers towards food has increased in terms of the higher level of quality, nutritional contents, natural taste and also the food that helps to maintain a functional system of the body in a healthier manner. This trend has triggered the need for a food manufacturer to develop the functional enzymes having application in food processing.
Currently, the demand for functional enzyme blends is increasing the global market owing to rising number of health related problems such as digestion, immune related problems, and many others. For instance, in the U.S. around one in three people are experiencing digestive related problems.
Functional Enzyme blends are comprised of some unique proprietary enzymes such as lipase, protease, cellulase, and others. Functional enzyme help in digestion of nutrients in the body helps to produce energy and also aid in the immune system.
Functional enzyme blends are employed in health supplements, pharmaceutical, bakery, confectionery, dairy, meat processing, fat and oil processing alcoholic and non-alcoholic beverages, and others. Currently, the demand for functional enzyme blends is rising among dietary supplements and food industry.
Functional enzyme blends is a relatively young market and possess high potential growth owing to the wide application in health supplements, the pharmaceutical industry, and others. Further, the demand for functional enzyme blends is primarily led by higher demand among in applications such as immunity development, obesity management, digestive management, and others
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Some of the key players operating in the business of functional enzyme blends market are National Enzyme Company, Advanced Enzyme Tech, Vitabase, Bioseutica, American Laboratories, Inc, Novozymes, Advanced Bio-Agro Tech Ltd., Sabinsa Corporation, Associated British Foods plc, BIO-CAT Inc., E. I. Du Pont De Nemours and Company, Enzymology Research Center, Inc., AVEVE Biochem NV, Deerland Enzymes, Enzyme Solutions, Inc., Allied Blending LP, Inc., Archer Daniels Midland Company, and others.
Enzyme industry is growing at much faster rate owing to increasing demand for the functional enzyme in health supplement products, food industry, textile industry, and in many other products. Companies are also seeking to expand their product portfolio in other niche areas. For instance, Advanced Enzyme Technologies Ltd. (AETL) is working on newer applications of enzymes in non-food based industry category.
Advanced Enzyme Technologies Ltd. is working on the application of enzymes in palm oil extraction and biodiesel, development of such enzymatic product will help in product solutions related to biodiesel and biocatalysis. Currently, in global enzymes market, North America accounts more than 40% market share in the global enzymes demand followed by Europe.
Being a matured market North America and Europe, companies are targeting consumers of Asia Pacific as a primary target market in enzyme industry as rising number of consumers seeking for the healthy lifestyle and also as a preventive measure.
Below some of the product launches in functional enzyme blends market is stated
Our analysis will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.
The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Some of the key data points covered in our report include: