Other formulations include cannabis-infused wines, specially created to target young consumers. To deal with the declining wine consumption among the younger generation, innovative wines that are free from alcohol are being introduced into the markets. Therefore, appealing the consumers by widening the choices would guarantee a steady growth trajectory of global wine enzymes market.
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Vegan and Sustainability Trends to Play an Important Role in the Growth of Global Wine Enzymes Market
Wine Enzymes such as lysozymes are derived from animal sources such as milk and eggs. They help in controlling the bacterial growth and clarification of substrate during the winemaking process. To meet the skyrocketing demand of vegan and plant-based food items, wine manufactures are adopting alternatives such as non-animal enzymes to manufacture vegan-friendly wines.
Retail stores and supermarkets are also anticipating the trend by keeping numerous vegan-friendly wine varieties. Prominent wine manufacturers such as Pernod Ricard Winemakers and Australian Vintage Limited are making efforts to make maximum use of renewable energy resources for wine production.
Efforts are being made to achieve maximum recyclability of wine packaging. Canned wines are popular among the young drinkers and have a high recyclability percentage than glass bottles. Hence, vegan and sustainability trends can fairly impact the growth of wines enzymes.
Global Wine Enzymes: Key Players
Some of the key players manufacturing Wine Enzymes are as follows –
- DSM (Netherlands)
- Amano Enzyme (Japan)
- Kerry Group (Ireland)
- Chr. Hansen (Denmark)
- Associated British Foods (UK)
- Novozymes (Denmark)
- DuPont (US).
COVID-19 Impact:
The COVID-19 pandemic had a wide-scale impact on the global logistics and supply chain, causing a decline in the wine trade. The pandemic has affected the global wine enzymes market. Governments of many nations are providing a stimulus package to businesses to give economic relief.
Loosening of lockdown regulations and permission to continue manufacturing activities using standard safety measures by the world governments would help revive the economy as well as shorten the impact of the pandemic on the global wine enzymes market.
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The wine enzymes market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
The Report Covers Exhaustive Analysis on:
- Wine enzymes market segment
- Wine enzymes market dynamics
- Wine enzymes market size
- Wine enzymes supply and demand
- Current trends/issues/challenges pertaining to wine enzymes market
- Competition landscape and emerging market participants in wine enzymes market
- Technology related to production/processing of wine enzymes
- Value chain analysis of the wine enzymes market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
Based on Type, wine enzymes can be segmented as:-
- Fungi (Pectinases, Lipases, Glycosidases, Fungal Proteases)
- Yeasts (Glucanases, Esters, Proteases)
- Lactic Acid Bacteria (Glycosidases, Microbial Proteases)
- Phenoloxidases/Oxidative Enzyme
- Lysozyme/Antimicrobial Enzyme
- Urease
- Others (Laccases, Cellulases, Xylanases)
Based on Function, wine enzymes can be segmented as:-
- Fermentation
- Hydrolysis
- Aroma Improvement
- Wine stabilization
- Lysis
- Settling and Clarification
- Bacterial Growth Control
Based on End-Use, wine enzymes can be segmented as:-
- Red Wine
- White Wine
- Rose Wine
- Sparkling Wine
- Sweet Wine
- Others (Fortified Wine)
Based on Form, wine enzymes can be segmented as:-
- Powder
- Liquid
- Others (gel, granular)
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Report Highlights:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the wine enzymes market
- Recommendations to companies for strengthening their foothold in the wine enzymes market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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