New York, United States, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Microbial transglutaminase (mTG) is a food enzyme that is frequently used in the food processing sector to increase food quality and shelf life. Rising demand for microbial transglutaminase to improve flavour, appearance, and texture, as well as its growing use in the bakery industry, are driving market expansion.
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Regional Analysis
The dairy and food processing industries in North America are increasing quickly, which is fueling the market for microbial transglutaminase. The United States and Canada have seen a major shift in dietary tastes over the past few decades. To meet their daily protein and vitamin needs, Americans opt to eat more meat. The dairy industry in North America has largely recovered from the dairy crisis of 2009, and it is anticipated that strong expansion will continue in the years to come. Dairy products have been continuously exported from the United States to China, South Korea, Japan, the Philippines, Vietnam, Malaysia, Canada, and other nations over the past ten years.
Due to the region's expanding dairy industry, Europe is predicted to hold a sizable portion of the global market. Europe has fully implied Regulation (EC) No. 1332/2008. Under the regulation of food enzymes (FE), all the food enzymes utilized across the EU market are subjected to the safety evaluation developed by the European Food Safety Authority (EFSA).
Africa’s microbial transglutaminase market is anticipated to hold the largest market share during the forecast period. Poultry, pork, and meat processing industries in Africa are under tremendous pressure due to low-cost imports. It is expected that the African market for microbial transglutaminase will grow at a CAGR of 6.2%
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Report Scope
| Report Metric | Details |
| Market Size | USD 246.57 million by 2030 |
| CAGR | 9.5% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Ajinomoto, C & P Group GmbH, Micro-Tech Foods Ingredients, Inc., BDF Natural Ingredients., Jiangsu Yiming Biological Technology Limited., Taixing Dongsheng Bio-Tech Co., Ltd., Kinry Biotech Sdn Bhd., Rama Production Co., Ltd. (ProtiAct), and Stabizyme GmbH. |
| Key Market Drivers | Growing demand of microbial transglutaminase in improving food flavor, appearance and texture |
Market Highlights
- The global microbial transglutaminase market size is projected to reach USD 246.57 million by 2030, growing at a CAGR of 9.5% during the forecast period (2022-2030).
- The microbial transglutaminase is used in several applications such as food processing industries, seafood, Surimi products, meat products, bakery products, and textiles
- In bakery products, microbial transglutaminase is used as a dough conditioner that overcomes the deficiency in the quality of white gluten
- In dairy products, microbial transglutaminase is utilized for improving functionality in dairy and yogurt. It is also used for improving the hydration ability, emulsifying and rheological properties, and protein solubility of the product.
- The food processing and dairy industries in North America are increasing quickly, which is driving the market for microbial transglutaminase to increase exponentially.
Competitive Landscape
- Ajinomoto
- C&P Group GmbH
- Micro-Tech Food Ingredients, Inc.
- BDF Natural Ingredients
- Jiangsu Yiming Biological Technology Limited
- Taixing Dongsheng Bio-Tech Co, Ltd.
- Kinry Biotech Sdn Bhd
- Rama Production Co, Ltd.
- Stabizyme GmbH
Several regional players are currently active in the microbial transglutaminase market. They are also dominating the overall market by adopting several strategies, such as new product development, new product launches, M&A, and partnerships.
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Microbial Transglutaminase Market: Segmentation
By Source
- Streptomyces mobarense
- Streptoverticillium griseocarnium
- Streptoverticillium hygroscopicus
By Application
- Food processing industries
- Seafood
- Surimi products
- Meat products
- Dairy products
- Bakery products
- Textile
By Region
- North America
- Europe
- Asia Pacific
- South America
- The Middle East and Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation & Scope
3.2 Value Chain Analysis: Microbial Transglutaminase Market
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Market Share Analysis
4 By Source Overview
4.1 Introduction
4.1.1 Market Size & Forecast (Value)
4.2 Streptomyces Mobaraense
4.2.1 Market Size & Forecast (Value)
4.3 Streptoverticillium Griseocarneum
4.3.1 Market Size & Forecast (Value)
5 By Application Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value)
5.2 Food Processing Industry
5.2.1 Market Size & Forecast (Value)
5.3 Bakery Products
5.3.1 Market Size & Forecast (Value)
6 Regional Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value)
6.2 America
6.2.1 North America
6.2.1.1 U.S.
6.2.1.1.1 By Source
6.2.1.1.2 By Application
6.2.1.2 Canada
6.2.1.2.1 By Source
6.2.1.2.2 By Application
6.2.1.3 Mexico
6.2.1.3.1 By Source
6.2.1.3.2 By Application
6.2.1.4 Latin America
6.2.4.1.1 By Source
6.2.4.1.2 By Application
6.3 Europe
6.3.1 Market Size & Forecast (Value)
6.3.2 Germany
6.3.2.1 By Source
6.3.2.2 By Application
6.3.3 France
6.3.3.1 By Source
6.3.3.2 By Application
6.3. 4 U.K
6.3.4.1 By Source
6.3.4.2 By Application
6.3.5 Italy
6.3.5.1 By Source
6.3.5.2 By Application
6.3.6 Spain
6.3.6.1 By Source
6.3.6.2 By Application
6.3.7 Rest of Europe
6.3.7.1 By Source
6.3.7.2 By Application
6.4 Asia Pacific
6.4.1 Market Size & Forecast (Value)
6.4.2 Japan
6.4.2.1 By Source
6.4.2.2 By Application
6.4.3 China
6.4.3.1 By Source
6.4.3.2 By Application
6.4.4 Australia
6.4.4.1 By Source
6.4.4.2 By Application
6.4.5 India
6.4.5.1 By Source
6.4.5.2 By Application
6.4.6 South Korea
6.4.6.1 By Source
6.4.6.2 By Application
6.4.7 Rest of Asia-Pacific
6.4.7.1 By Source
6.4.7.2 By Application
6.5 Middle East & Africa
6.5.1 Market Size & Forecast (Value)
6.5.2 Saudi Arabia
6.5.2.1 By Source
6.5.2.2 By Application
6.5.3 South Africa
6.5.3.1 By Source
6.5.3.2 By Application
6.5.4 Kuwait
6.5.4.1 By Source
6.5.4.2 By Application
6.5.5 Rest of Middle East & Africa
6.5.5.1 By Source
6.5.5.2 By Application
7 Company Profile
7.1 Ajinomoto
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Recent Developments
7.1.4 Product Portfolio
7.2 C & P Group GmbH
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Recent Developments
7.2.4 Product Portfolio
7.3 Micro-Tech Foods Ingredients, Inc.
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Recent Developments
7.3.4 Product Portfolio
7.4 BDF Natural Ingredients.
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Recent Developments
7.4.4 Product Portfolio
7.5 Jiangsu Yiming Biological Technology Limited.
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Recent Developments
7.5.4 Product Portfolio
7.6 Taixing Dongsheng Bio-Tech Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Recent Developments
7.6.4 Product Portfolio
7.7 Rama Production Co., Ltd. (ProtiAct)
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Recent Developments
7.7.4 Product Portfolio
7.8 Kinry Biotech Sdn Bhd.
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Recent Developments
7.8.4 Product Portfolio
7.9 Stabizyme GmbH
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Recent Developments
7.9.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/microbial-transglutaminase-market/toc
Key Developments
- On September 07th, 2019, BDF Natural Ingredients launched new products for BDF PROBIND SP meatballs and vegan alternatives at a competitive price, ideal for 100% vegetable emulsified products, to increase its vegan customer base
- On September 21st, 2017, Myanmar Ajinomoto Foods Co. Ltd. invested approximately USD 10 billion for building a packaging plant for umami seasoning AJI-NO-MOTO in Myanmar
News Media
Antimicrobial Coatings Market to Expand at a Healthy CAGR During Forecast Period
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