Food Enzymes Market: By Type (Carbohydrase, Lipase, Protease, and Others), By Application (Food & Beverage, Processed Food, Diary, Bakery, Confectionary), By Source (Microorganisms, Animals, and Plants) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Food Enzymes Market to surpass USD XX billion by 2031 from USD XX billion in 2021 at a CAGR of XX% in the coming years, i.e., 2021-31.
Food enzymes are ingredient solutions that are extensively used to increase the diversity, texture, and quality during the processing of food. Food enzymes are perceptibly becoming an important part of food and beverage products including bakery, beverages, and dairy as they enhance their flavor, texture, and fragrance. The rising awareness among consumers for products having high nutrition content as well as great taste directs the manufacturers to concentrate on the development of such products.
Global Food Enzymes Market is expected to project a notable CAGR of XX% in 2031.
Increasing demand for high-quality food products concerning high nutrition content as well as great taste has been witnessed all across the globe. Growing consumer preference from regular food to healthy and nutrient-enhanced food products is fueling the growth of the food enzymes market.
Carbohydrase segment to grow with the highest CAGR during 2021-31
Global Food Enzymes Market is classified based on Type into Carbohydrase, Lipase, Protease, and Others. The carbohydrate segment is projected to dominate the market during the forecast period. Carbohydrases are widely used in food applications, chiefly applicable in bakery & confectionery, dairy, and processed food. The main function of carbohydrates is to convert carbohydrates into simple sugar. It is the main ingredient used in the manufacturing of sports drinks. The rising awareness and fitness escalate the utilization of sports drinks is fueling the growth of the carbohydrase segment in the food enzymes market.
Food & Beverages segment to grow with the highest CAGR during 2021-31
Based on application, the global Food Enzymes Market is fragmented into Food & Beverage, Processed Food, Dairy, Bakery, and Confectionary. An increase in demand for food enzymes is due to the growing application of enzymes in the food & beverage industry. A shift in consumer trends from regular food to nutrient-enhanced healthy food products is leading manufacturers to focus on the development of chemical-free beverages. Enzymes are the alternative to chemical-based methods adding enhanced yield and quality, which is expected to drive the food and beverages segment.
One of the market's primary drivers is a growing demand for processed food. The lifestyle and disposable incomes of the middle-class population are increasing, especially in the emerging economies contributing to the growth of the food enzymes market. Furthermore, the enzymes in the food industry are mainly used in enhancing taste, reducing ripening time in meat and dairy products, coagulation, and tenderization, which has resulted in a growing demand for food enzymes. In the food industry as demand for natural and nutritional products grows along with consumer interest in organic products.
Growing awareness about nutritional requirements
The Food Enzymes Market is also growing as a result of increased awareness of nutritional food products. As the general public becomes more aware of nutritional food products, there will be greater demand for nutritionally rich healthy food. People are moving towards more nutritional food and their search for health is showing a great impact on nutritional products. Furthermore, an increasing number of initiatives implemented by governments to educate rural people about nutrition and the availability of less time to prepare food have increased the demand for nutritional food.
The mechanism of food enzymes is greatly affected by the surrounding environmental conditions. Due to a decrease in temperature, the reaction rate dropped drastically. The food enzyme becomes denatured and non-functional by thermal disturbance.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Food Enzymes Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is the leading market for food enzymes. High consumption of meat products in North America is expected to result in significant growth. The Asia Pacific has risen to second place in terms of value in recent years, thanks to an increase in the demand for high-quality processed food encouraging businesses to use food enzymes.
The COVID-19 outbreak shifted the focus of the world towards safe, healthy, and nutritious eating. The unexpected and rapid rise in demand for food during the lockdown followed the manufacturer's struggle to ensure a continued supply of raw materials in the market.
Global Food Enzymes Market is further segmented by region into:
Food Enzymes Market Segments:
|Market size value in 2021
|USD XX billion
|Revenue forecast in 2031
|USD XX billion
CAGR of XX% from 2021 to 2031
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2030
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Type, Application, Source and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|DuPont, Associated British Foods plc, DSM, Novozymes, CHR. Hansen, Kerry Group, Jiangsu Boli Bioproducts Co., Ltd., Biocatalysts Ltd., Puratos Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc., and Other Prominent Players
Food Enzymes Market size was estimated at USD XX billion in 2021 and is expected to reach USD XX billion in 2031
Food enzymes are ingredient solutions that are extensively used to increase the diversity, texture, and quality during processing of food.
Food & Beverages and Carbohydrase accounted for the largest Food Enzymes Market share
Key players: DuPont, Associated British Foods plc, DSM, Novozymes, CHR. Hansen, Kerry Group, Jiangsu Boli Bioproducts Co., Ltd., Biocatalysts Ltd., Puratos Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc. are the key players in the Food Enzymes Market.
As the general public becomes more aware of nutritional food products, there will be a greater demand for nutritionally rich healthy food.
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