USD 1.87 billion
Food Enzymes Market Size, Share, Growth Analysis, By Product(Catalases, Phytases, Lipases, Carbohydrases), By Application(Beverages, Processed foods, Dairy, Bakery), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2257 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
69
|Figures:
77
Food Enzymes Market Insights
Global Food Enzymes Market size was valued at USD 1.87 billion in 2022 and is poised to grow from USD 1.96 billion in 2023 to USD 2.85 billion by 2031, at a CAGR of 4.80% during the forecast period (2024-2031).
Food and beverage producers are putting more emphasis on organic food additives like enzymes rather than the usage of chemical additives. According to the Wine Institute, the retail sales of wine in the United States in 2022 were roughly USD 78.4 billion, which was an increase from the USD 66.8 billion in sales the year prior. The development of novel enzymes has increased the number of goods that producers can provide to their end consumers in order to raise the standard of processed foods. The exports of Indian bread, cakes, and other bakery goods increased from USD 346.86 million in 2020 to USD 407.64 million, according to data from UN Comtrade. High dough resistance and processability characteristics are characteristics of food enzymes. By lowering processing losses in the food chain, enzymes contribute to greater resource efficiency. A significant trend promoting the use of the product is the emphasis on sustainability and ethical purchasing practices.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Microbes
Fastest Growth
Microbes
Growth Rate
4.80% CAGR
Global Food Enzyme Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Food Enzymes Market Segmental Analysis
global food enzymes market is segmented on the basis of product, application, source and region. By product, the market is segmented into catalases, phytases, lipases, carbohydrases, polymerases & nucleases, others. By application, market is segmented into beverages, processed foods, dairy, bakery, confectionery, others. By source, the market is segmented into the microbial, plants and animal. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Food Enzymes Market Analysis by Application
With a CAGR of more than 8% over the course of the forecast period, the beverage segment is anticipated to experience the strongest revenue growth. Manufacturers have started producing chemical-free beverages as a result of a change in consumer attitudes towards a healthier and more natural diet. Enzymes are brand-new, more productive, and higher-quality alternatives to chemical or mechanical processes in the beverage sector. Typical enzymes used for extracting and clarifying fruit juices include pectinases, amylases, cellulases, and xylanases. To enhance the flavor, shelf life, textures, appearance, and nutritional profiles of food and beverage goods, enzymes are utilized as natural processing aids.
For the preservation of the food product's texture and flavor, enzymes are crucial in the production of a wide variety of foods and beverages. Food enzymes are a top choice for applications in the food and beverage industries because they catalyze crucial and highly precise reactions under special processing circumstances. Contrary to this, chemical or thermal therapies are frequently preferable to this type of care. Another important factor driving product acceptance is the optimization of raw juice production. Enzymes are important for improving yield in addition to addressing defects in cosmetic beverages.
Global Food Enzymes Market Analysis by Product
In 2022, the market share for food enzymes was dominated by carbohydrases. By 2027, the combined market share for amylases and lactases is anticipated to exceed 30%. The food and beverage industries employ carbohydrates extensively as a processing aid and ingredient. The beverage industry's most crucial ingredient for the production of sports drinks is this one. The global consumption of sports drinks has increased due to the rising fitness trend and public awareness of health, which is anticipated to have a beneficial effect on the global market for carbohydrates.
Over the forecast period, the phytase segment is anticipated to grow at a rate greater than 8.5% CAGR. Food enzymes called phytases are favored because they have advanced mineral bioavailability qualities and have minimal phytic acid concentration. To improve bread shape, add volume, and soften the crumb, this enzyme is frequently added to commercial phytase components. Additionally, phytase hydrolysis improves the uptake of minerals in bread and bakery goods, increasing consumption. By shortening the fermentation process and increasing nutritional content while facilitating the absorption of calcium and other minerals, phytases produce outstanding outcomes in the production of bread.
Global Food Enzyme Market Size By Source 2022(%)
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Food Enzymes Market Regional Insights
In 2022, North America accounted for more than 35% of the global market for food enzymes. During the anticipated time frame, the market for food enzymes is expected to grow significantly due to the rising demand for processed foods in nations like the United States and Canada. Business expansion is being aided by technological developments in the food ingredients sector and significant investments in the development of enzymes. The regional industry share is projected to be fueled by large enzyme production capacity and rising product acceptance in a variety of food applications.
Due to the region's high population, rapid urbanisation, and rising disposable income, the demand for ready-to-eat products is anticipated to increase over the course of the forecast period, with the Asia Pacific food enzymes market likely to grow by more than 8% CAGR from 2021 to 2027. Due to their rapid industrialization and big populations that drive industry statistics, China, Japan, and India are mostly responsible for regional growth.
Global Food Enzyme Market Size By Geography, 2022-2030
- Largest
- Fastest
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Food Enzymes Market Dynamics
Global Food Enzymes Market Drivers
Increasing demand for Processed Food to bring Growth Opportunities for Players
- The growing demand for processed food products is a key driver of the food enzyme market. As consumers lead busy lifestyles, they prefer ready-to-eat and convenience foods, which often require the use of food enzymes in processing. Food enzymes are used to improve the texture, flavor, and nutritional value of processed foods, and to enhance the efficiency of processing operations.
- Enzyme-modified cheese is a key application area for food enzymes. The increasing demand for enzyme-modified cheese due to its enhanced flavor, texture, and melting properties is driving growth in the food enzyme market.
Global Food Enzymes Market Restraints
Availability of Substitutes to Hinder Market Growth
- There are several substitutes for food enzymes, such as chemical additives and synthetic flavors, which can be used to achieve similar results in food processing. This can impact the demand for food enzyme products and limit the market's growth potential.
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Food Enzymes Market Competitive Landscape
In order to provide high-quality products that satisfy the demands of contemporary consumers for clean-label items, the major manufacturers are increasing their research and development spending. One of the important methods used by large players to improve their market position is product portfolio expansion, namely with novel enzymes for the baking and dairy industries.
Top Player’s Company Profiles in Global Food Enzymes Market
- DSM (Netherlands)
- Novozymes (Denmark)
- DuPont (United States)
- Amano Enzyme Inc. (Japan)
- Chr. Hansen Holding A/S (Denmark)
- Kerry Group (Ireland)
- Jiangsu Boli Bioproducts Co., Ltd. (China)
- AB Enzymes GmbH (Germany)
- Specialty Enzymes & Biotechnologies Co. (United States)
- Biocatalysts Ltd. (United Kingdom)
- Advanced Enzymes Technologies Ltd. (India)
- Nagase ChemteX Corporation (Japan)
- Puratos Group (Belgium)
- Enmex SA de CV (Mexico)
- Dyadic International, Inc. (United States)
- Novact Corporation (Spain)
- Enzyme Innovation (United States)
- Megazyme (Ireland)
- Soufflet Biotechnologies (France)
- Amicogen, Inc. (South Korea)
- E.I. Dupont Canada Company (Canada)
- Lumis Biotech Pvt. Ltd. (India)
Global Food Enzymes Market Recent Developments
- To provide animal protein producers with high-performance enzyme solutions, BASF and Cargill extended their collaboration in January 2023. They provide consumers with animal feed with unique value and introducing cutting-edge enzyme-based solutions to the market.
- Researchers from The University of Hong Kong (HKU) School of Biological Sciences led by Dr. Clive LO found a new enzyme in sorghum (a type of plant) in July 2023. The enzyme is known as stilbene O-methylase (SbSOMT). The synthesis of O-methylated stilbenes, which are intriguing substances with possible health advantages, is catalyzed by this enzyme.
- Nestle revealed a novel technology in July 2023 with the goal of lowering the sugar level of substances used in product development. The use of this cutting-edge technology will help to address the growing worries about the health effects of excessive sugar consumption.
Food Enzymes Key Market Trends
- The development of new enzyme technologies, such as immobilized enzymes, microencapsulation, and directed evolution, is expected to improve the efficiency and performance of food enzymes. This will enable the development of new applications and expanded use in the food and beverage industry.
Food Enzymes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global food enzyme market has experienced steady growth in recent years and is expected to continue to grow in the coming years. The market is driven by several factors, including the increasing demand for processed foods, the growing awareness of the health benefits of enzymes, and the increasing use of enzymes in various industries. The food enzyme market is also benefiting from the increasing use of enzymes in various industries, including the pharmaceutical, cosmetic, and textile industries. Enzymes are used in these industries to produce a wide range of products, from medicines to laundry detergents. The global food enzyme market is expected to continue to grow in the coming years, driven by the increasing demand for processed foods, the growing awareness of the health benefits of enzymes, and the increasing use of enzymes in various industries. However, the market also faces challenges, including the high cost of enzymes and the increasing competition from alternative technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.87 billion |
| Market size value in 2031 | USD 2.85 billion |
| Growth Rate | 4.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Enzymes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Enzymes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Enzymes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Enzymes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Enzymes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Enzymes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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