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Food Enzymes Market

Food Enzymes Market Forecasts to 2028 – Global Analysis By Type (Proteases, Polymerase, Carbohydrase, Catalases), Application (Beverages, Food, Animal Feed, Grain and Oilseed Processing, Additives), and By Geography

4.2 (44 reviews)
Published: July 2021 ID: SMRC20813
4.2 (44 reviews)
Published: July 2021 ID: SMRC20813

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Food Enzymes market is accounted for $2.03 billion in 2020 and is expected to reach $3.89 billion by 2028 growing at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the market growth include rising demand for packaged and processed food, increasing need for food waste reduction and food security, rising customer awareness of nutrition-rich diet, increasing penetration of organized retail channels in rural and urban areas, and introduction of innovative technologies. However, restricted temperature and pH operational range is restricting the market growth.

Food enzymes are used to enhance the quality and improve the nutritional properties of food & beverage products. Enzymes are natural proteins derived from plants, animals, and microbial sources. These enzymes help in simplifying the food processing steps, which directly uplifts the food quality. Food enzymes are also added to enhance the flavors, texture, and organoleptic properties of foods & beverages. It has a wide range of applications in meat processing, alcoholic beverages, dairy industries, and manufacturing of pre-digested foods. These food enzymes are also utilized as natural fermentation agents for various specialty foods and amino-acids.

By type, the carbohydrase segment is expected to grow at the significant rate during the forecast period, due to the development of advanced technologies such as enzyme engineering. Through the process of enzyme engineering, carbohydrase can be manufactured chemically and not through plants or animals. Carbohydrases are used in food applications, to cater to various industries such as bakery & confectionery, dairy, and processed food. They have added advantages to various food applications due to their cost-effectiveness, less time & space consumption, and ease in modification and optimization of the process. Carbohydrases are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Amylase is used in the baking industry as the addition of amylase to the dough, enhances the fermentation rate which results in the reduction of the viscosity of dough, further improving the volume and texture of the product.

On the basis of geography, North America region is estimated to have considerable market growth during the forecast period, owing to the increasing demand for enzymes in food applications, high consumption of meat and meat products in the region, and increased processed food demand in countries such as the U.S and Canada. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. The United States is the market leader of enzyme production and consumption at the regional and global levels attributed to increased expenditure in premium quality products and consumer preference for processed foods incorporated with naturally sourced ingredients.

Some of the key players in Food Enzymes Market include Koninklijke DSM N.V., Associated British Foods plc, Jiangsu Boli Bioproducts Co., Ltd., Novozymes, Advanced Enzyme Technologies., Biocatalysts Limited, E. I. du Pont de Nemours and Company, Kerry Group, Aumgene Biosciences, Infinita Biotech Private Limited, BASF SE, Chr. Hansen Holding A/S, Amano Enzyme Inc., Ultra Bio-Logics Inc., SUNSON Industry Group Co., Ltd, and Puratos Group.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.03 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

8.5%

Predicted 2028 Value:

USD 3.89 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

438

Chapters Covered:

Source, Origin, Form, Component, Type, Application and Region

Core Drivers and Opportunities:

  • High reaction specificity
  • Growing awareness about healthy and nutritional foods
  • Innovative technological platforms

Restraining Factors & Market Threats:

  • Stringent regulatory framework
  • High costs of R&D


Sources Covered:
• Plant-Based Enzymes
• Microorganism-Based Enzymes
• Animal-Based Enzymes

Origins Covered:
• Synthetic Flavors
• Natural Flavors

Forms Covered:
• Lyophilized Liquid
• Lyophilized Powder
• Solid

Types Covered:
• Proteases
• Polymerase
• Carbohydrase
• Phytases
• Catalases
• Nucleases
• Lipases
• Rennet
• Lyases
• Hydrolases
• Oxidoreductases
• Ligases
• Other Types

Applications Covered:
• Beverages
• Food
• Animal Feed
• Fats & Spreads
• Protein Modification
• Starch Modification
• Grain and Oilseed Processing
• Inulin
• Additives

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand 
o South Korea              
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Food Enzymes Market is majorly driven by growing demand for packaged and processed food, demand for environment-friendly manufacturing processes, increasing customer awareness of nutrition-rich diet, and introduction of innovative technologies.

The microorganism-based enzymes segment is growing at a highest CAGR as enzymes obtained from microbial sources lead to low production costs and are stable than other sources. They can also be easily modified through various molecular and biochemical approaches to increase their specificity.

North America dominated with a significant market share due to growing demand for enzymes in food applications and increased processed food demand in countries such as the U.S and Canada.

Asia Pacific market is growing at a highest CAGR owing to rapid urbanization coupled with rising living standards, the changes in consumer preferences and liberalization of trade, and increased end-use application and processed food demand in countries such as China, India and Japan.

Key players in Food Enzymes Market include Koninklijke DSM N.V., Associated British Foods plc, Jiangsu Boli Bioproducts Co., Ltd., Novozymes, Advanced Enzyme Technologies., Biocatalysts Limited, E. I. du Pont de Nemours and Company, Kerry Group, Aumgene Biosciences, Infinita Biotech Private Limited, BASF SE, Chr. Hansen Holding A/S, Amano Enzyme Inc., Ultra Bio-Logics Inc., SUNSON Industry Group Co., Ltd, and Puratos Group.

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