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Global Transglutaminase Market size is estimated to reach $275.41million by 2027, growing at a CAGR of 3.9% during the forecast period 2022-2027. Transglutaminase falls under the category of an enzyme that is accountable for the catalysis of isopeptide bond formation between the proteins. This naturally occurring enzyme is produced by a bacterium species known as streptomyces mobaraensis. Transglutaminase is also delineated as meat glue and is widely used in fish balls, crab meat, chicken nuggets, and other processed meats with an aim of enhancing the overall texture and amino acids appearance. The cross-linking properties of this food additive make it an appropriate fit for manufacturing and processing several foods such as cheese, meat, and bakery items. Besides, food production transglutaminase has a vivacious role in bodily procedures such as blood clotting and sperm production. Considering the rising popularity of such enzymes owing to their proficiency in enlarging the viscosity, water-binding capacity, and firmness of the food, the global transglutaminase market outlook is fairly fascinating. The proliferating demand for textured foods as living standards of people are enlarging, rising meat consumption and budding population are factors set to drive the growth of the Global Transglutaminase Market for the period 2022-2027.
Global Transglutaminase Market Segment Analysis-By Application
The Global Transglutaminase Market based on the application type can be further segmented into bakery items, meat and fish processing, dairy products, and others. The meat and fish processing segment held the largest share in 2021. The growth is owing to the heightening consumption of meat and meat-associated items. As the spread of many life-threatening illnesses is surging, many people across the globe have introduced meat as an indispensable part of their diets. Naturally occurring enzymes like transglutaminase play a significant role in assembling the remains or pieces of meat together owing to their state-of-the-art cross-linking properties. Therefore, most of the fast-food outlets add meat glue while preparing several dishes such as fish filets boneless chicken, chicken nuggets, wings, BBQ, and others. However, the dairy segment is estimated to be the fastest-growing segment with a CAGR of 4.1% over the forecast period 2022-2027. This growth is owing to heightening demand for dairy products such as cheese, yogurt, and others throughout the globe. On another hand, transglutaminase is widely used in the preparation of vegan alternatives to milk.
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Global Transglutaminase Market Segment Analysis-By Packaging
The Global Transglutaminase Market based on packaging can be further segmented into foil bags, carton bags, plastic bottles, and pouches. The foil bags segment held the largest share in 2021. The growth is owing to several advantages of using them over other alternatives such as high opaqueness and well-rounded nature. Moreover, these multi-layered bags have utmost significance in enlarging the shelf life of packaged material as they are a sound oxygen barrier. On another hand, the layered materials of foil bags are itself approved (FDA) Food and Drug Administration which curves bring down doubts against their safety. Similarly, the foil bag segment is estimated to be the fastest-growing segment with a CAGR of 4.9% over the forecast period 2022-2027. This growth is owing to rising usage in creating pollutant-free films. Therefore, owing to their toxicity-free nature foil bags are safe to package products. Besides, it is one of the most cost-effective ways to package products which saves the company’s expenditure. Furthermore, the copiousness of aluminum in the earth’s crust and its better recyclable nature is another preeminent factor in the growth of the segment.
Global Transglutaminase Market Segment Analysis-By Geography
The Global Transglutaminase Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia-pacific segment held the largest share with 35% of the overall market in 2021. The growth in this segment is owing to the factors such as the existence of several market players such as Ajinomoto, Leveking Biotech, and many more. The ban by other European Union countries can be a prominent factor behind Asia-Pacific’s domination in using transglutaminase. Moreover, heavy meat and seafood consumption by countries such as China, Japan, and Indonesia are also propelling the demand. According to a report, Japan, Indonesia, and China consume more than 75 million tonnes of seafood collectively. Besides seafood, pork and chicken meat are consumed on a wide scale. This growth is owing to the budding population. Around 59.7% of the world population lives in the Asian continent which is eventually escalating the demand as a large population means humongous demand for food. On another hand, the growing living standards of people are driving them toward such food texture enhancing items.
Global Transglutaminase Market Drivers
Upsurge in living standards of people is Anticipated to Boost Product Demand
Transglutaminase is well-known for enhancing the water-binding capacity and viscosity of food items. Therefore, the demand for such food additives has soared as overall demand for well-textured food has grown by a notch with heightening the living standards of people. On another hand, the budding population has its reasonable share in driving the demand for transglutaminase as more people means more food. There are 7.9 billion people on planet earth as of 2022. Nevertheless, the number is anticipated to reach 8-8.5 billion by 2025.
Heavy meat and dairy consumption are Expected to Boost Product Demand
As the world is reeling under the weight of cardiovascular and other life-threatening complications the overall consumption of meat and dairy products has broadened in recent years. Therefore, to maintain a proper balance of proteins, and other nutrients global meat consumption has plunged to 350 million tons with chicken being the most favorable meat source. The figure is estimated to cross 450 million by 2050. Meat glue is widely used in sausages, chicken nuggets, shrimp meat spaghettis, and other meat processing. On another hand, augmenting demand for dairy products is another distinguished driver in the growth of the global transglutaminase market.
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Global Transglutaminase Market Challenges
Food contaminations and food-borne ailments are Anticipated to Hamper Market Growth
Transglutaminase has been a topic of debate for years as many people believe that this food additive is not safe and can set many health complications in motion. People believe that it leads to bacterial contaminations and negatively impacts people afflicted with gluten sensitivity. On another hand, meat glue can deteriorate the indications of celiac maladies by intensifying intestinal permeability. Consequently, the product has faced a ban in several parts of the world such as the European Union.
Global Transglutaminase Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. Global Transglutaminase top 10 companies include:
BDF Natural Ingredients
Micro-Tech Foods Ingredients
On September 14, 2020, Stabizym, an operational European division of Shanghai, China-based powder transglutaminase manufacturer “Kinry Food Ingredients” secured a patent for the preparation of liquid transglutaminase. The power or dust transglutaminase is deemed risky as it triggers an allergic reaction. Therefore, liquid transglutaminase got a nod as it cuts the hazard of workers getting an allergy.
On August 22, 2019, Tokyo, Japan-based food and biotechnology company “Ajinomoto” announced the successful acquisition of Ohio, United States-based food manufacturing company “More Than Gourmet.” In the acquisition, Ajinomoto acquired a 50.1% stake for an undisclosed price. Moreover, the acquisition is anticipated to expand the food solution portfolio of Ajinomoto in the North American continent.
On August 21, 2017, Japan-based multinational food and biotech firm “Ajinomoto” publicized that the company has successfully acquired Turkey-based food company “Kukre.” In order to bring acquisition to a close Ajinomoto made a $52.1 million payment to a Turkish firm. The transaction strengthened the portfolio Ajinomoto in the Middle East and Turkey.
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Geographically, the Asia-Pacific transglutaminase market accounted for the highest revenue share in 2021 and is anticipated to dominate the market over the period 2022-2027.
Swift urbanization, changing taste and preference of people, heavy meat consumption is said to be preeminent driver driving the growth of the Global Transglutaminase Market.
However, the foodborne ailments accompanied by transglutaminase are said to reduce the market growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Transglutaminase Market report.
A. Food Additives Market
B. Food Enzymes Market
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