LONDON, June 28, 2010 /PRNewswire/ -- During the economic slowdown in 2009, food enzymes were successfully positioned as cost savers and process efficiency improvers in many application segments. This strategy, along with increased RD efforts, is expected to continue to attract new applications such as interesterification for the reduction of trans fats and as 'meat glue' (transglutaminases). While the increased use of enzymes in applications such as fruit and beverage processing and wine making could vitalize the market, the future of enzymes in food applications depends on their acceptance as process aids that provide better cost economies for food manufacturers.
(Logo: http://photos.prnewswire.com/prnh/20081117/FSLOGO)
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost Sullivan (http://www.food.frost.com), European Market for Enzymes in Food Application, finds that the market earned revenues of US$407.5 million in 2009 and estimates this to reach US$501.0 million by 2016. In this research, Frost Sullivan's expert analysts examine the following application segments: starch and sugar processing, bakery, dairy, brewing, wine making, fruit and beverage processing and miscellaneous.
Food producers cannot underestimate the importance of reducing manufacturing costs, and participants must clearly communicate the advantages of using enzymes. In addition to offering higher product quality and lower manufacturing costs, enzymes reduce waste production and energy consumption by up to 50 per cent. Better chemical selectivity and higher specificity result in numerous commercial benefits, including higher-quality products, fewer side reactions and harmful by-products, easier separation of products and less pollution - all of which translate into lower cost for end users, says Frost Sullivan Senior Research Analyst, Dr. Kaushik Ramakrishnan Shankar.
However, despite cost-cutting measures, enzyme manufacturers must still contend with considerable price pressure in most application segments. For example, starch- and sugar-processing enzymes have become commoditised due to consumers' greater negotiating power. Apart from commoditisation, a competitive marketplace also intensifies price pressures, as in the case of bakery enzymes, a densely populated segment.
Manufacturers can use novel materials and methods, such as cheaper and non-traditional carbon and nitrogen sources to reduce their production costs but they should also invest in RD to distinguish themselves in the market. In addition, strong distribution partnerships with other companies will help manufacturers entrench themselves in the market.
Strategic relationships between manufacturers should help synergise company strengths while overcoming individual weaknesses, notes Dr. Kaushik. Such alliances have been successful for the largest companies operating in this segment, and could be replicated by other participants.
If you are interested in more information on this study, please e-mail Monika Kwiecinska, Corporate Communications, at monika.kwiecinska@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
European Market for Enzymes in Food Application is part of the Food Beverage Ingredients Growth Partnership Services programme, which also includes research in the following markets: European Eye Health Ingredients Market, U.S. Omega-3 and Omega-6 Markets, European Heart-Health Ingredients Market, European Prebiotics Market, U.S. Digestive Health Ingredients Market, U.S. Heart-health Ingredients Market, European Digestive Health Ingredients Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About the Chemicals, Materials and Food Practice
Frost Sullivan's Chemicals, Materials Food practice provides global industry analysis, growth consulting, market research, market forecasts and insights into emerging technologies. This enables clients to address current trends and challenges, identify new technologies and take advantage of opportunities for growth. Our global team of industry experts, consultants, market analysts and research executives monitor the use of chemicals and materials in Transportation, Construction Utilities, Personal Wellbeing, Personal Protective Equipment and Food Beverages.
About Frost Sullivan
Frost Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
European Market for Enzymes in Food Application M55B Contact: Monika Kwiecinska Corporate Communications - Europe P: +48-22-390-4127 F: +48-22-390-4160 E: monika.kwiecinska@frost.com
SOURCE: Frost SOURCE: Sullivan
CONTACT: Monika Kwiecinska, Corporate Communications - Europe, Frost Sullivan, +48-22-390-4127, Fax: +48-22-390-4160,monika.kwiecinska@frost.com
Comments