Global Food Enzymes Market is valued at approximately USD 2.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. Food enzymes are compound ingredients that are produced from microbial sources which are utilize for improving the range, diversity, and quality during the food processing. It offers various benefits that include flavor & fragrance, coagulation, preservation, enhancement of texture and tenderization enabling food enzyme ingredients to process the food. It acts as a catalyzer, that helps in processing food. Factors such as increasing preference towards tasty and processed food, coupled with higher disposable income are further bolstering the market demand during the estimated years.
The increasing demand for food enzymes by the end-use industry including dairy, confectionary, and bakery products owing to properties such as improved shelf life and dough stability enhances the growth of the food enzymes market across the global market. As per Statista, in 2022, it was estimated that around 129,916.9 million kilograms of confectionary were produced globally, which is projected to reach 146,046.2 million kilograms by 2026. Thereby, the rising demand for confectionery products and the increasing global population is exhibiting a positive influence on the market expansion. Furthermore, increasing demand for various varieties of tastes and flavors, as well as innovative technological platforms food are expected to boost the growth of the global Food Enzymes market over the forecast period of 2022-2029. However, restricted temperature and pH operational range, along with stringent regulatory framework are the major restraining factors for the market growth.
The key regions considered for the Food Enzymes Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing trend of consuming naturally sourced ingredients and the rise in the use of enzymes in the plethora of food systems. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing consumption of demand for high-quality processed food, as well as growing concerns for sustainability and food safety in the regional market.
Major market players included in this report are:
- DuPont de Nemours, Inc.
- Associated British Foods plc
- Koninklijke DSM N.V.
- Novozymes
- Chr. Hansen A/S
- Brenntag Asia Pacific Pte Ltd
- Kerry Group PLC
- Jiangsu Boli Bioproducts Co Ltd.
- Biocatalysts Ltd.
- Puratos Group
Recent Developments in the Market:
- In June 2021, International Flavors & Fragrances, Inc. introduced Nurica, a dairy enzyme that naturally uses the lactose found in milk in the United States. The enzyme aids in the natural production of a higher yield of prebiotic galacto-oligosaccharides (GOS) fibres, which aid in the management of lactose intolerance and the optimization of fibre intake.
- In April 2021, Biocatalysts Ltd. declared the launch of PromodTM 517MDP (P517MDP) with the objective of strengthening its Kosher and Halal-certified dairy protein enzymes.
Global Food Enzymes Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Formulation, Application, Source, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Carbohydrase
- Protease
- Lipases
- Others
By Formulation:
- Lyophilized Powder
- Liquid
- Others
By Application:
- Beverages
- Confectionery Products
- Dairy Products
- Bakery Products
- Meat Processing
- Others
By Source:
- Microorganisms
- Plants
- Animals
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Food Enzymes Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Food Enzymes Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Food Enzymes Market, by Formulation, 2019-2029 (USD Billion)
- 1.2.4. Food Enzymes Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. Food Enzymes Market, by Source, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Food Enzymes Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Food Enzymes Market Dynamics
- 3.1. Food Enzymes Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Higher disposable income
- 3.1.1.2. Increasing demand for food enzymes by the end-use industry
- 3.1.2. Market Challenges
- 3.1.2.1. Restricted temperature and pH operational range
- 3.1.2.2. Stringent regulatory framework
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing demand for various varieties of tastes and flavors
- 3.1.3.2. Introduction of innovative technological platforms food
Chapter 4. Global Food Enzymes Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Food Enzymes Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Food Enzymes Market by Type, Performance - Potential Analysis
- 6.3. Global Food Enzymes Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Food Enzymes Market, Sub Segment Analysis
- 6.4.1. Carbohydrase
- 6.4.2. Protease
- 6.4.3. Lipases
- 6.4.4. Others
Chapter 7. Global Food Enzymes Market, by Formulation
- 7.1. Market Snapshot
- 7.2. Global Food Enzymes Market by Formulation, Performance - Potential Analysis
- 7.3. Global Food Enzymes Market Estimates & Forecasts by Formulation 2019-2029 (USD Billion)
- 7.4. Food Enzymes Market, Sub Segment Analysis
- 7.4.1. Lyophilized Powder
- 7.4.2. Liquid
- 7.4.3. Others
Chapter 8. Global Food Enzymes Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Food Enzymes Market by Application, Performance - Potential Analysis
- 8.3. Global Food Enzymes Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Food Enzymes Market, Sub Segment Analysis
- 8.4.1. Beverages
- 8.4.2. Confectionery Products
- 8.4.3. Dairy Products
- 8.4.4. Bakery Products
- 8.4.5. Meat Processing
- 8.4.6. Others
Chapter 9. Global Food Enzymes Market, by Source
- 9.1. Market Snapshot
- 9.2. Global Food Enzymes Market by Source, Performance - Potential Analysis
- 9.3. Global Food Enzymes Market Estimates & Forecasts by Source 2019-2029 (USD Billion)
- 9.4. Food Enzymes Market, Sub Segment Analysis
- 9.4.1. Microorganisms
- 9.4.2. Plants
- 9.4.3. Animals
Chapter 10. Global Food Enzymes Market, Regional Analysis
- 10.1. Food Enzymes Market, Regional Market Snapshot
- 10.2. North America Food Enzymes Market
- 10.2.1. U.S. Food Enzymes Market
- 10.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Formulation breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Source breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Food Enzymes Market
- 10.3. Europe Food Enzymes Market Snapshot
- 10.3.1. U.K. Food Enzymes Market
- 10.3.2. Germany Food Enzymes Market
- 10.3.3. France Food Enzymes Market
- 10.3.4. Spain Food Enzymes Market
- 10.3.5. Italy Food Enzymes Market
- 10.3.6. Rest of Europe Food Enzymes Market
- 10.4. Asia-Pacific Food Enzymes Market Snapshot
- 10.4.1. China Food Enzymes Market
- 10.4.2. India Food Enzymes Market
- 10.4.3. Japan Food Enzymes Market
- 10.4.4. Australia Food Enzymes Market
- 10.4.5. South Korea Food Enzymes Market
- 10.4.6. Rest of Asia Pacific Food Enzymes Market
- 10.5. Latin America Food Enzymes Market Snapshot
- 10.5.1. Brazil Food Enzymes Market
- 10.5.2. Mexico Food Enzymes Market
- 10.5.3. Rest of Latin America Food Enzymes Market
- 10.6. Rest of The World Food Enzymes Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. DuPont de Nemours, Inc.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Associated British Foods Plc (ABF)
- 11.2.3. Koninklijke DSM N.V.
- 11.2.4. Novozymes
- 11.2.5. Chr. Hansen A/S
- 11.2.6. Brenntag Asia Pacific Pte Ltd.
- 11.2.7. Kerry Group PLC
- 11.2.8. Jiangsu Boli Bioproducts Co Ltd.
- 11.2.9. Biocatalysts Ltd.
- 11.2.10. Puratos Group
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption