Global Food Enzymes Market, By Source (Microorganisms, Plants, Animals), Form (Lyophilized Powder, Liquid, Others), Type (Carbohydrase, Protease, Lipase, Others), Application (Beverages, Processed Foods, Dairy Products, Bakery Products, Confectionery Products, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the global food enzymes market to be growing at a CAGR of 7.64% in the forecast period of 2022 to 2029.
Food enzymes are complex compounds that operate as catalyzers and are widely utilized to increase variety, diversity, and quality in the food processing industry. Food enzymes are frequently employed in food processing because of their numerous benefits, including flavour, texture, smell enhancement, coagulation, preservation, and tenderization.
The rising consumer awareness about safe and nutritious foods is driving the global food enzymes market. Furthermore, the growing competition for processed food and growing demand for environmentally sustainable manufacturing processes are some macroeconomic factors that are positively impacting the worldwide food enzymes market. Other factors, including high reaction specificity of enzymes and enhancement in the quality of food will cushion the market’s growth rate. Another significant factor is waste reduction and energy savings in food processing will accelerate the food enzymes market’s growth rate. Additionally, upsurge in the demand for nutraceutical products, rising consumption of alcoholic and non-alcoholic beverages and replacement of traditional chemicals in different industries are the market drivers that will escalate the growth rate of food enzymes market.
Moreover, the rise in the number of emerging applications and innovative technological platforms will boost the opportunities for the growth of food enzymes market.
However, restricted temperature and pH operational range will hamper the market growth rate. Additionally, strict regulatory framework will obstruct the food enzymes market's overall growth. Also, the impact of COVID-19 on supply chain of food enzymes and the availability of raw materials will challenge the food enzymes market throughout the forecast period. Changes in the food enzyme safety regulations will pose a major challenge on the growth of food enzymes market.
This food enzymes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Enzymes Market Scope and Market Size
The food enzymes market is segmented on the basis of source, type, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the food enzymes market is segmented into microorganisms, plants, and animals. Microorganisms segment is further sub-segmented into bacteria and fungi.
- Based on the form, the food enzymes market is segmented into lyophilized powder, liquid, and others.
- Based on type, the food enzymes market is segmented into carbohydrase, protease, lipase and others. Carbohydrase segment is further sub-segmented into amylase, cellulase, lactase, pectinase and others.
- Based on the application, the food enzymes market is segmented into beverages, processed foods, dairy products, bakery products, confectionery products and others.
Food Enzymes Market Country Level Analysis
The food enzymes market is analyses and market size, volume information is provided by country, source, type, form and application as referenced above.
The countries covered in the food enzymes market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the food enzymes market and will continue to flourish its trend of dominance during the forecast period due to the rising consumer demand for healthy packaged food and significant growth in the food and beverage industry in this region. Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 due to the growing demand from China and India as the food and beverage industry.
The country section of the food enzymes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Food Enzymes Market Share Analysis
The food enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food enzymes market.
Some of the major players operating in the food enzymes market are Sunson Industry Group Co., Ltd., Aumenzymes, Associated British Foods plc., ENGRAIN, Kerry Group plc, Brenntag SE Messeallee, Advanced Enzyme Technologies, Amano Enzyme Co. Ltd., Chr. Hansen Holdings A/S, Novozymes, DSM, BASF SE, DuPont, Jiangsu Boli Bioproducts Co., Ltd., Amway Corp., PURATOS, Lumis Biotech Pvt. Ltd., Lonza, Asahi Kasei Pharma Corporation, F. Hoffmann-La Roche Ltd., and BioResource International, Inc., among others.
In June, 2021, International Flavors & Fragrances Inc., (IFF) had launched a new enzyme for dairy products named Nurica in the U.S. Nurica uses the lactose in milk to produce a high production of prebiotic galacto-oligosaccharides (GOS) fibres naturally. The ingredient balances sweetness and natural milk clean notes while lowering sugar and lactose levels.