Marine enzymes are bioactive ingredient, which is applicable to numerous aspects such as food processing, storage, fortification and others. Marine enzymes are primarily derived from the plants and animals which lie under water. Its various advantages over traditional enzymes such as it can function at extreme temperature and pH while food processing can be used in heat-sensitive processes, acts as thickeners and stabilizers in a variety of foods and other products thus it is expected to support its growth across the globe during the forecast period.
Marine enzymes compounds such as
photosynthetic pigments and omega-3 polyunsaturated fatty acids play a very
important role in nutraceutical industry, which is expected to drive the demand
of marine enzymes during the forecast period. Moreover, increased usage of
marine enzymes in various industries primarily in food and beverages, cosmetics
and pharmaceutical industries due to its effective properties is expected to
fuel the growth of marine enzymes market in the coming years.
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Enzymes Market at : https://www.millioninsights.com/industry-reports/marine-enzymes-market
The global market for marine
enzymes is expected to show a healthy growth during the forecast period. This
growth has been supported by the increasing demand for healthy and nutritious
food among the health conscious consumer across the globe. The global marine
enzymes market is segmented by sources, application and geography. Based on
Sources, the global marine enzymes market is segmented into fungi, marine
plants, and marine animals and so on. Among all these segments marine animals
is expected to occupy major position on the pie followed marine plants.
The segment “marine animals” are
further segmented as fishes, crabs, snakes and prawns. Among all these
sub-segment fish is expected to account for major market share during the
forecast period. Fish proteins such as collagens and their gelatin derivatives
can perform at relatively low temperatures and can also be used in
heat-sensitive processes such as gelling and clarifying, which is expected to
support the demand of fish enzyme in marine enzymes market during forecast
period. However, crabs and prawns are also expected to show a healthy growth
during in the near future.
On the basis of Application, the
global marine enzymes market is segmented into animal feed industry, food &
beverages industry, pharmaceutical industry, cosmetic industry, leather, pulp
and paper industry. Among all these segments food and beverage industry is
expected to be dominant segment in terms of revenue contribution. Increased
application and advantageous property of marine enzymes in food industry is
expected to support its growth in next five to six years.
Moreover, pharmaceutical industry
is expected to show a substantial growth in terms revenue contribution during
the forecast period. Marine enzymes provide numerous health benefits, which
includes reduction of coronary heart disease, anti-carcinogenic and
anti-inflammatory activity which is attributed to the growth of marine enzymes
market through pharmaceutical industry.On the basis of Geography, the global
marine enzymes market is segmented into North America, Asia Pacific, Europe,
Latin America and Middle East & Africa. North America is expected to
account for the highest share followed by European region in the near future.
US are expected to be the most growing market for marine enzymes in North
American region.
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Moreover, European region is
expected to be the fastest growing market followed by Asia Pacific. Continuous
research and development to derive enzymes from marine animal and plants is
expected to be the major factor to support its growth in developed region. The
key players of global marine enzymes market are BioLume Inc., Biotec Phamacon
ASA, DASK Corporation, ArticZymes, CP Kelco, Cyanotech Corporation, Nutrex
Hawaii, FMC Health & Nutrition, Jazz Pharmaceuticals plc, Lonza Group Ltd.,
PML Applications Ltd., Marinova Pty Ltd, and Royal DSM N.V.
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