In a recent research report by Maximize Market Research, the Fruit & Vegetable Processing Enzymes Market is expected to surpass US $ 50.74 billion by the year 2027, from US $ 32.22 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6.7 %, during the tenure of 2021 – 2027.
Asia Pacific is expected to hold the largest market share of XX% during the forecast period (2020-2027). This is mainly due to the increasing use of fruit & vegetable processing enzymes in processed food & beverages, as well as the expanding number of food processing companies, are driving the market for fruit & vegetable processing enzymes in Asia Pacific. In addition, the market for fruit & vegetable processing enzymes is being influenced by growing industrialization and an increase in the number of manufacturers and suppliers of enzymes used in fruit & vegetable processing, particularly in emerging economies such as India and China.
Food processors utilize fruit & vegetable processing enzymes all over the world to process foods & beverages. Consumer demand for processed and food goods is increasing globally as a result of rising urbanization and rising consumer awareness. During the forecasted period, these factors are expected to impel the market for fruit & vegetable processing enzymes. Fruit & vegetable consumption, as well as juice & alcohol use, is increasing among consumers, encouraging the market for fruit & vegetable processing enzymes.
The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Fruit & Vegetable Processing Enzymes in the region, the Value – Chain analysis, and the PORTER’s analysis for the Fruit & Vegetable Processing Enzymes market at a global level.
The study is consolidated on the basis of segments and further into sub-segments By Application (Fruits and Vegetables), Form (Liquid and Powder), Source (Bacteria and Fungi), Type (Amylase, Pectinase, Protease, and Cellulase), and Product Type (Juices, Wine & cider, Paste & purees).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– E. I. du Pont de Nemours and Company, Associated British Foods Plc, Koninklijke DSM N.V., Novozymes A/S, Group Soufflet, Advanced Enzymes, F. Hoffmann-La Roche Ltd, Jiangsu Boli Bioproducts Co, Ltd, Sunson Industry Group, Biocatalysts, Amano Enzyme, Amway Corp, BASF SE, AB Enzymes, and Others.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Fruit & Vegetable Processing Enzymes Market.”
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