Marine Enzymes Market Size

Marine Enzymes Market Size

Marine Enzymes Market size crossed USD 425 million in 2022 and is anticipated to exhibit over 6.5% CAGR from 2023 to 2032.

Rising application scope in the manufacturing of various bakery items will drive the industry growth. On account of their ability to facilitate changes in flour lipids, marine enzymes are widely employed for improving the bread quality. They are also utilized for flavor enhancement of cheese, butter, and margarine. Enzymes, such as proteases have large commercial usage in the production of baked goods, crackers, and waffles as they offer reduced mixing time and dough consistency whilst ensuring dough uniformity. Increasing adoption in the synthesis of structured lipids for nutraceuticals and infant formula along with the thriving need for degumming of vegetable oils will anchor the marine enzymes market demand.

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Dearth of standardized regulatory guidelines to impede product demand

The increasing concerns regarding severe governmental as well as institutional regulations for the certification and usage of enzymes to cater to various applications may act as major constraints for the marine enzymes market development. Of late, marine enzymes are legislated to be certified by various organizations, such as the FDA prior to their adoption in food processing applications. The growing cost of food and beverage processing enzymes leading to the declining demand for bakery items will also hinder the industry outlook.