The global orange juice processing enzymes market is projected to register a considerable CAGR during the forecast period, 2021–2028. Growing consumption of processed juices extracted from fresh fruits and rising awareness of health benefits of orange juice are expected to drive to market growth.
Orange juice processing enzymes are broadly used for producing fresh orange juice. Orange juice is one of the common beverages that are extensively consumed across the globe for body refreshing and various health benefits. It contains a variety of vitamins and minerals that offer several health benefits, which help in dealing with various health conditions such as relief from blood pressure, respiratory problems, and high cholesterol level. Orange juice processing enzymes involves preparation of the fruit juice made by pressing of an apple, which are further filtered by enzymatic process. Through the process, a large quantity of apple juice can be extracted that, in turns, solving the problems associated with the complex and costly processing equipment.
Market Drivers, Restraints, Trends, and Opportunities
- Rising preference for healthy beverage and food products in developing regions is predicted to drive the market growth during the forecast period.
- Increasing application of enzymes as a replacement for harmful chemicals in the beverages and foods processing industry acts a key factor boosting the market.
- Trending techniques such as conversion of conservative drink composition to replace the artificial additives with natural ingredients such as orange juice processing enzymes is projected to fuel the market growth over the analysis period.
- Global warming impacted by climate change presents a key challenge as it affects the enzymatic process in large scale. This is expected to hamper the market growth.
- High demand for orange juice processing enzymes due to its content of various nutrition and health benefits is expected to present numerous opportunities for the players in the market.
Scope of the Report
The report on the global orange juice processing enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics also have been involved in the report.
Orange Juice Processing Enzymes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Compound Preparation and Single Preparation), Applications (Concentrate and Fresh)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
AB Enzymes, Advanced Enzyme, Amano Enzyme, BIO-CAT, DSM, DuPont, and Novozymes.
Global Orange Juice Processing Enzymes Market Segment Insights
In terms of types, the market is bifurcated into compound preparation and single preparation. The compound preparation segment is expected to constitute a large share of the market during the forecast period. In this type, the preparation of juice is conducted using a single enzyme as the main body and is being fermented or combined with other single preparation of enzyme to form one or more microorganisms. However, the single preparation segment is estimated to hold a significant share of the market during the analysis period due to its rising adoption in the preparation of fruit juice.
Based on applications, the global orange juice processing enzymes market is segmented into concentrate and fresh. The concentrate segment is expected to account for a major share of the market during the forecast period as it retains a wide range of essential nutrients such as vitamins and minerals. The juice concentrate is a fruit juice, from which a maximum amount of water has been extracted to make it thick and high density fruit juice. For this application, concentrate enzymes are required. On the other hand, the fresh segment is estimated to exhibit a fast-growth rate during the analysis period. The fresh juices extracted from ripe fruit contain a significant amount of pectin, which is naturally occurring enzyme that acts on pectin yielding to provide a crystal-clear juice with the smooth appearance, taste, stability, mouth-feel, and texture.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America dominated the global industry due to high consumption of orange juices and increasing demand for healthier alternatives such as cold-pressed juices mixing with fruit and vegetable items. However, the market in Europe is anticipated to grow significantly during the forecast period owing to the wide presence of health-conscious consumers and their adoption of healthy eating habits in the region. The existence of large number of population and growing consumer awareness about the processed juice in emerging economies such as India and China are predicted to fuel the market growth in the Asia Pacific. Therefore, the market in Asia Pacific is projected to register a high CAGR during the analysis period.
The global orange juice processing enzymes market has been segmented based on
- Compound Preparation
- Single Preparation
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Major players competing in the global orange juice processing enzymes market include AB Enzymes, Advanced Enzyme, Amano Enzyme, BIO-CAT, DSM, DuPont, and Novozymes.
Some of these companies are engaged in adopting several market strategies such as merger, acquisitions, collaborations, partnerships, product launches, R&D activities, and capacity expansion to increase market share and global presence.
In 2019, Novozymes announced its new strategy and operation targets for the period 2020-2022. It called the strategy as “Better Business with Biology” aiming at enhancing its business operations around the world.