Phospholipase Enzyme Market

Phospholipase Enzyme Market: Rising Preference for Low-fat Cheese Creating Opportunities: Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029

2019-06-21
REP-GB-2043
247 pages
Food and Beverage

Key Research Findings - Phospholipase Enzyme Market

The global phospholipase enzyme market size is anticipated to exceed US$ 200 Mn in revenues, by 2019 end.
The global phospholipase enzyme market will witness ~ 6% CAGR over the forecast period, 2019-2029.
North America and Europe will continue to hold prominent shares in the global phospholipase enzyme market during the forecast period.
- The increasing health-awareness and growing demand for clean-label products are estimated to have a positive impact on the phospholipase enzyme market.
South Asia and East Asia phospholipase enzyme markets are estimated to grow at a medium pace.
- Improvement in economic conditions and government regulations, high population, and changing consumer preferences are driving the phospholipase enzyme market in South Asia and East Asia regions.
By application, food and beverages is a prominent consumer of phospholipase enzyme market and is estimated to register steady consumption over the forecast period.
- Phospholipase enzyme helps to improve flavour, increase shelf life, enhance yield, improve texture, and provide several other advantages, which have increased its use in the food and beverages industry.
- The food and beverages industry is further categorized as bakery products, dairy, oil & fat processing, and flavour production. Bakery products occupy a major share in terms of revenue during the forecast period.

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Top 3 Factors Shaping the Phospholipase Enzyme Market

Growing Demand for Cheese Shaping Phospholipase Enzyme Consumption Patterns

Cheese is a popular food item all across the world. However, with increasing health-awareness among consumers, the preference for low-fat cheese is growing. Thus, manufacturers are looking for appropriate ingredients that will help them develop low-fat cheese. Phospholipase enzyme is a suitable option as it reduces the phospholipid content and enables the formation of low-fat cheese.

Also, the increasing per capita consumption of cheese makes it necessary for the manufacturers to increase the yield and quality of cheese to fulfill the requirements of the consumers. Thus, the demand for phospholipase is estimated to increase as it helps in the hydrolysis of phospholipids and improves the yield of cheese. It also aids in reducing the environmental impact of cheese production.

Anti-Inflammatory and Anti-Obesity Attributes Driving the Market Growth

Phospholipase enzyme offers anti-inflammatory and anti-obesity properties, which are anticipated to increase its end-use applications. The growing prevalence of obesity has made it all the more important for manufacturers to develop nutraceutical products that can help manage weight. Thus, these important properties of phospholipase enzyme are estimated to boost its use in the nutraceutical industry.

Companies are Seeking Kosher & Halal Certifications to Gain the Confidence of the Consumers

As health concerns are increasing, consumers want to know more about the products they are consuming. Consumers consider various factors such as certification, price, brand, nutritional content, and ingredient list before buying the product. Thus, manufacturers are trying to get various certifications to attract more consumers.

The competition is intense in the phospholipase enzyme market, hence, some companies are providing halal- and kosher-certified phospholipase enzyme to gain a competitive advantage over other manufacturers. Therefore, manufacturers are trying to obtain various certifications to remain at the forefront in the phospholipase enzyme market.