Report Overview
[ 170 + Pages Research Report ] Food Enzymes Market to surpass USD 4.1 billion by 2031 from USD 2.28 billion in 2021 at a CAGR of 6% in the coming years, i.e., 2021-31.
Product Overview
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.
Market Highlights
Global Food Enzymes Market is expected to project a notable CAGR of 6% 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.
Global Food Enzymes Market: Segments
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.
Market Dynamics
Drivers
Rising demand for processed food
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.
Restraint
Restricted temperature and pH operational range
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.
Global Food Enzymes Market: Key Players
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AUM Enzymes
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- 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.
- Koninklijke DSM
- Enzyme Bioscience Private Limited
- Antozyme Biotech Pvt Ltd
- Other Prominent Players
Global Food Enzymes Market: Regions
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.
Impact of Covid-19 on Food Enzymes Market
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:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Food Enzymes Market report also contains analysis on:
Food Enzymes Market Segments:
- By Type
- Carbohydrase
- Lipase
- Protease
- Others
- By Application
- Food & Beverages
- Processed Food
- Diary
- Bakery
- Confectionary
- By Source
- Microorganisms
- Animals
- Plants
- Food Enzymes Market Dynamics
- Food Enzymes Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Food Enzymes Market Report Scope and Segmentation
|
Report Attribute |
Details |
| Market size value in 2021 | USD 2.28 billion |
| Revenue forecast in 2031 | USD 4.1 billion |
| Growth Rate |
CAGR of 6% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Application, Source and Region |
| Regional scope |
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 |
Frequently Asked Questions (FAQ):
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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