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The Germany Food Enzymes Market is segmented by Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat, Poultry, and Seafood Products, Beverages, and Other Applications).
The German food enzymes market is projected to register a CAGR of 5.2% during the forecast period (2020-2025)
The report on the German food enzymes market (henceforth, referred to as the market studied) offers key insights into the latest market developments. It analyzes the recent trends, drivers, and challenges affecting the food enzymes market in the country. The German food enzymes market is segmented by application into bakery, dairy and frozen desserts, confectionery, meat, poultry, and seafood products, beverages, and other applications. The report contains top-line revenues and detailed qualitative analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
|Dairy and Frozen Desserts|
|Meat, Poultry, and Seafood Products|
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The growing popularity of low-carbohydrate diets is one of the major factors driving the increasing per capita consumption of baked goods as well as frozen baked goods among consumers, under different demographics in the country. As the per capita consumption of bakery goods is increasing, it is actively accelerating the demand for different food enzymes, primarily amylases, proteases, lipases, and others. Manufacturers, such as DuPont, offer a range of food enzymes with applications in different baked products, such as bread, buns, rolls and sweet goods, tortillas, cakes, and other sweet bakery goods. The presence of a wide range of food enzymes, particularly for bakery products, and increasing sales of baked products are the two major factors that have led to the increasing application of food enzymes in this segment.
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The on-going trend of clean-labeled food products, with non-GMO being one of the fastest-growing claims in the country, is one of the major factors driving the demand for non-GMO food ingredients, including food additives such as food enzymes, in the market. There is a substantial increase in the sales of organic food and beverage products which is yet another segment driving the demand for non-genetically modified food enzymes across the country. The strong demand for clean-labeled and organic food and beverages among German consumers is primarily due to increasing awareness about the negative effects associated with the consumption of genetically modified food ingredients. This provides a great platform for the food enzymes manufacturers to expand their non-GMO product offerings and tap into this highly potential market.
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Some of the major players in the market are DuPont, BASF, Chr. Hansen AS, Associated British Foods PLC (AB Enzymes), Archer Daniels Midland Company, and others. There is a need for amendments to develop a set of guidelines to regulate the market. Some of the major players are expanding their presence in the country by acquiring domestic manufacturers. Companies, such as DuPont, are investing in marketing and branding to increase their product promotion and achieve strong sales.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.3 Dairy and Frozen Desserts
5.1.4 Meat, Poultry, and Seafood Products
5.1.6 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.3 Associated British Foods PLC (AB Enzymes)
6.3.4 Archer Daniels Midland Company
6.3.5 Chr. Hansen AS
6.3.6 Enzymicals AG
6.3.7 Koninklijke DSM NV
6.3.8 SternEnzym GmbH & Co. KG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS