The global apple juice processing enzymes market was valued to USD 12.65 billion in 2020 and is expected to expand at a CAGR of 3.6% during the forecast period 2021-2028. Changing lifestyle coupled with increasing awareness towards health benefit of apple juice and its beverage products are the major factors driving the market growth.
Apple juice is one of the most popular beverages widely consumed across the globe. It contains a variety of vitamins and minerals that offer several health benefits. Moreover, the regular consumption of the juice can be beneficial in tackling health various conditions such as relief from respiratory problems, balancing cholesterol level, and weight loss. Apple juice processing enzymes involves preparation of the fruit juice made by the maceration and pressing of an apple, which are further filtered by enzymatic process. Using the process helps to extract a large quantity of apple juice that, in turns, removing the problems associated with the complex and costly processing equipment.
Market Drivers, Restraints, Trends, and Opportunities
- Apple juice offers several health advantages such as protection of bones during menopause, relief from resparetly disorder, preventing Alzheimer’s disease, reducing the risk of various cancers. This is expected to boost the market.
- Rising demand for the apple juice since it helps skin glow and other beneficial for aesthetic factors is expected to grow the market.
- The COVID-19 pandemic and its impact had a major factor in the market growth. People are becoming aware of foods and beverage products that can boost the immune system due to harsh impact of the pandemic. This is projected to propel demand for the apple juice, thereby, helping the market expansion.
- Processed apple juice using enzymes normally have low shelf-life, which acts as a major challenge that can hinder the market growth.
- Wide availability of a variety of apple juice products and growing online sales for beverage products are present key opportunities for market growth.
Scope of the Report
The report on the global apple juice processing enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Apple Juice Processing Enzymes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Single Preparation and Compound Preparation), Applications (Fresh, Concentrate, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | AB Enzymes, DuPont, Novozymes, Amano Enzyme, DSM, Infinita Biotech, BIO-CAT, and Advanced Enzymes |
Apple Juice Processing Enzymes Market Segment Insights
In terms of types, the market is divided into single preparation and compound preparation. The compound preparation segment is expected to account for a large market share in the coming years due to increase demand for the compound enzyme preparation solution. Meanwhile, the single preparation segment is projected to witness a substantial growth rate during the forecast period owing to the wide adoption of the apple processing preparation.
Based on applications, the global apple juice processing enzymes market is categorized as fresh, concentrate, and others. The fresh segment dominated the market in 2020 and is projected to witness significant growth during the forecast period owing to rising adoption of the processing method for fresh apple juice preparation. Increasing consumer knowledge regarding the advantages of the fresh fruit is another key factor boosting the segment. On the other hand, the concentrate segment is projected to account for a major share of the market in the coming years due to wide adoption of the process for preparing concentrated juice and its related products.
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to hold a major share during the forecast period owing to rising number of health-conscious people and increasing disposable income of a large section of the population in the region.
Segments
The global apple juice processing enzymes market has been segmented on the basis of
Types
- Single Preparation
- Compound Preparation
Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Key players in the global apple juice processing enzymes market include AB Enzymes, DuPont, Novozymes, Amano Enzyme, DSM, Infinita Biotech, BIO-CAT, and Advanced Enzymes.
Some of these companies are engaged in adopting several market strategies such as merger, R&D activities, and capacity expansion to increase their market share and global presence.