Food Enzymes Market
Food Enzymes Market Forecasts to 2030 - Global Analysis By Type (Carbohydrase, Bromelain, Catalases, Ficin, Hydrolases and Other Types), Form (Solid, Lyophilized Liquid and Lyophilized Powder), Source (Animal-Based Enzymes, Microorganism-Based Enzymes and Plant-Based Enzymes), Origin, Application and By Geography
According to Stratistics MRC, the Global Food Enzymes Market is accounted for $3.03 billion in 2023 and is expected to reach $5.33 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Proteins known as enzymes are frequently used to speed up and target particular chemical reactions. Enzymes are known to initiate or increase biological events. The most common ways to obtain enzymes are through the extraction of plant and animal products or the fermentation of microbes, including genetically modified microorganisms. Due to their many benefits, such as improved texture, flavor, and aroma, preservation, viscosity, and tenderization, food enzymes are frequently used in the processing of food. The production of cheese, fruit juice, baked goods, and beer all makes extensive use of enzymes.
According to the data from UN Comtrade, the exports of bread, cakes, and other bakery products from India jumped from USD 346.86 million in 2020 to USD 407.64 million in 2021.
Market Dynamics:
Driver:
Increase of food enzyme usage in bakery and beverage industries
Products from bakeries include bread, pastries, doughnuts, and rolls, among others. Food enzymes serve as catalysts for biochemical processes that enhance the quality of bakery goods. In Western Europe and North America, bakery products are widely used. Australia, India, and China are the main growth regions for bakery foods in the Asia-Pacific region. Alcoholic and non-alcoholic beverages both use food enzymes. Better malt separation, extraction yield, beer filtration, and stabilization are a few of the major advantages of brewing enzymes. All these adverse factors are fueling the market growth.
Restraint:
Limitation of pH operational range and temperature
Food enzyme activity is significantly influenced by local environmental factors. The reaction rate is drastically reduced when the temperature drops, and the food enzyme is rendered inactive by thermal agitation. The activity of the food enzyme is also decreased when the pH is changed outside of its functional range, and this can eventually result in permanent denaturation. Such aspects are hindering the market's expansion.
Opportunity:
Growing demand for swine and poultry feed
The global feed industry is significantly impacted by the rising demand for swine and poultry feed. The overall health and wellbeing of swine and poultry animals are improved by this feed. The livestock used in the animal feed industry have been properly cared for and fed nutrient-rich fodder. During the forecast period, it is anticipated that the development of the global animal feed industry will positively affect the market's dynamics, increasing demand.
Threat:
Regulatory uncertainty
The definitions of additives and processing aids differ between nations and regions, which leads to regulatory uncertainty that hinders market expansion. The European Union (EU) member states have distinctly different laws regarding the use of enzymes as tools for food processing. Food additives in general and food enzymes in particular are subject to safety regulations that have yet to be conceptualized for regional harmonization. The development of the food enzyme market is anticipated to be adversely affected by a fragmented and piecemeal approach to ingredient regulations.
Covid-19 Impact
The COVID-19 pandemic has been beneficial for the food enzyme market. It is attributed to the rise in consumer interest in home maintenance, changes in dietary habits, and growth in demand for the industry of nutritional and immunity-boosting products. But because of lockdowns and trade restrictions, the firms are currently dealing with stuttering supply chain activities and ambiguous market conditions. It is anticipated that the increase in demand for the substance in the pharmaceutical and food and beverage industries will offset this negative impact.
The proteases segment is expected to be the largest during the forecast period
Global protein consumption has increased as a result of consumers' growing awareness of the importance of eating healthfully, which is expected to drive up the demand for proteases in the food industry over the coming years. Additionally, it is anticipated that the growth of the pharmaceutical, detergent, and chemical end-use industries in emerging economies like India, China, and Brazil will support the segment over the forecast period.
The microorganism-based enzymes segment is expected to have the highest CAGR during the forecast period
Due to its affordability and stability when compared to plant and animal enzymes, the microorganism-based enzymes segment is predicted to grow profitably in the prediction period. Several fermentation techniques, including submerged and solid-state fermentations, can be used to efficiently produce microbial enzymes. To increase their specificity, they are also simple to modify using various molecular and biochemical techniques. Additionally, the dominance of microorganism-based sources of food enzymes will be maintained by these favorable characteristics over the forecast period.
Region with largest share:
During the forecast period, North America is anticipated to account for the largest market share. The increase is attributed to the rising popularity of using ingredients that are derived naturally. Moreover, the region is expanding as a result of the growing investments made by major corporations in the creation of cutting-edge products like enzymes with high specificity. The demand for food enzymes in the region is being driven by the growing belief among consumers that natural additives are secure and healthy.
Region with highest CAGR:
Due to its thriving food and beverage sector, Asia-Pacific is predicted to have the highest CAGR during the forecast period. High-quality processed food is more in demand as a result of consumers' growing purchasing power and the economies of the countries. Furthermore, the adoption of Western diets, which is linked to an increase in the demand for bakery goods, dairy products, and beverages, is also on the rise in the Asia-Pacific region.
Key players in the market
Some of the key players profiled in the Food Enzymes Market include AB Enzymes, Advanced Enzyme Technologies, Amano Enzyme Co., Ltd, Associated British Foods plc, Aum Enzymes, BASF SE, Biocatalysts, Chr. Hansen Holding A/S, DuPont, F. Hoffmann-La Roche Ltd., International Flavors & Fragrances Inc., Kerry Group PLC, Novus International, N.V., Novozymes A/S, Nutritech Enzymes and Royal DSM N.V.
Key Developments:
In April 2023, Royal DSM, a global science-based leader in health, nutrition and bioscience, announces that it has entered into exclusive negotiations with Adare Pharma Solutions in order to acquire Adare Biome, a pioneer in the development and manufacturing of postbiotics, for an enterprise value of €275 million. This transaction represents an estimated 2023 EV/EBITDA multiple of 18x.
In November 2022, CP Kelco and Chr. Hansen join forces to develop breakthrough, ambient, plant-based “vegurts”. Ingredient powerhouses CP Kelco and Chr. Hansen are proud to offer customers a collaboration combining their world-leading expertise and solutions to take consumer-friendly, shelf-stable, plant-based yogurt alternatives (“vegurts”) to the next level.
Types Covered:
• Carbohydrase
• Bromelain
• Catalases
• Ficin
• Hydrolases
• Invertase
• Isomerases
• Laccases
• Ligases
• Lipases
• Lyases
• Nucleases
• Oxidoreductases
• Phytases
• Polymerase
• Proteases
• Rennet
• Other Types
Forms Covered:
• Solid
• Lyophilized Liquid
• Lyophilized Powder
Sources Covered:
• Animal-Based Enzymes
• Microorganism-Based Enzymes
• Plant-Based Enzymes
Origins Covered:
• Natural Flavors
• Synthetic Flavors
Applications Covered:
• Additives
• Animal Feed
• Beverages
• Fats & Spreads
• Food
• Grain and Oilseed Processing
• Inulin
• Protein Modification
• Starch Modification
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
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 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Food Enzymes Market, By Type
5.1 Introduction
5.2 Carbohydrase
5.2.1 Amylase
5.2.2 Cellulase
5.2.3 Hemicellulase
5.2.4 Lactase
5.2.5 Pectinases
5.2.6 Xylanases
5.3 Bromelain
5.4 Catalases
5.5 Ficin
5.6 Hydrolases
5.7 Invertase
5.8 Isomerases
5.9 Laccases
5.10 Ligases
5.11 Lipases
5.12 Lyases
5.13 Nucleases
5.14 Oxidoreductases
5.15 Phytases
5.16 Polymerase
5.17 Proteases
5.18 Rennet
5.19 Other Types
6 Global Food Enzymes Market, By Form
6.1 Introduction
6.2 Solid
6.3 Lyophilized Liquid
6.4 Lyophilized Powder
7 Global Food Enzymes Market, By Source
7.1 Introduction
7.2 Animal-Based Enzymes
7.3 Microorganism-Based Enzymes
7.3.1 Bacterial
7.3.2 Fungal
7.3.3 Yeast
7.4 Plant-Based Enzymes
8 Global Food Enzymes Market, By Origin
8.1 Introduction
8.2 Natural Flavors
8.3 Synthetic Flavors
9 Global Food Enzymes Market, By Application
9.1 Introduction
9.2 Additives
9.3 Animal Feed
9.4 Beverages
9.4.1 Alcoholic Beverages
9.4.2 Brewing
9.4.3 Fruit Juice
9.5 Fats & Spreads
9.6 Food
9.6.1 Nutraceuticals
9.6.2 Sugar & Confectionery Products
9.6.2.1 Candy
9.6.2.2 Fruits and Nuts
9.6.2.3 Chocolate
9.6.2.4 Vanilla
9.6.3 Meat & Meat Products
9.6.4 Dairy and Frozen Desserts
9.6.4.1 Cheese Production
9.6.4.2 Fermented Dairy Products
9.6.5 Fruits & Vegetables Processing
9.6.6 Sweet & Savory Snacks
9.6.7 Ready Meals
9.6.8 Bakery Products
9.6.8.1 Bread
9.6.8.2 Cakes
9.6.8.3 Crackers & Cookies
9.6.8.4 Pasta and Noodles
9.6.9 Convenience Foods
9.6.10 Processed Foods
9.7 Grain and Oilseed Processing
9.8 Inulin
9.9 Protein Modification
9.10 Starch Modification
10 Global Food Enzymes Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AB Enzymes
12.2 Advanced Enzyme Technologies
12.3 Amano Enzyme Co., Ltd
12.4 Associated British Foods plc
12.5 Aum Enzymes
12.6 BASF SE
12.7 Biocatalysts
12.8 Chr. Hansen Holding A/S
12.9 DuPont
12.10 F. Hoffmann-La Roche Ltd.
12.11 International Flavors & Fragrances Inc.
12.12 Kerry Group PLC
12.13 Novus International
12.14 Novozymes A/S
12.15 Nutritech Enzymes
12.16 Royal DSM N.V
List of Tables
1 Global Food Enzymes Market Outlook, By Region (2021-2030) ($MN)
2 Global Food Enzymes Market Outlook, By Type (2021-2030) ($MN)
3 Global Food Enzymes Market Outlook, By Carbohydrase (2021-2030) ($MN)
4 Global Food Enzymes Market Outlook, By Amylase (2021-2030) ($MN)
5 Global Food Enzymes Market Outlook, By Cellulase (2021-2030) ($MN)
6 Global Food Enzymes Market Outlook, By Hemicellulase (2021-2030) ($MN)
7 Global Food Enzymes Market Outlook, By Lactase (2021-2030) ($MN)
8 Global Food Enzymes Market Outlook, By Pectinases (2021-2030) ($MN)
9 Global Food Enzymes Market Outlook, By Xylanases (2021-2030) ($MN)
10 Global Food Enzymes Market Outlook, By Bromelain (2021-2030) ($MN)
10 Global Food Enzymes Market Outlook, By Catalases (2021-2030) ($MN)
10 Global Food Enzymes Market Outlook, By Ficin (2021-2030) ($MN)
13 Global Food Enzymes Market Outlook, By Hydrolases (2021-2030) ($MN)
14 Global Food Enzymes Market Outlook, By Invertase (2021-2030) ($MN)
15 Global Food Enzymes Market Outlook, By Isomerases (2021-2030) ($MN)
16 Global Food Enzymes Market Outlook, By Laccases (2021-2030) ($MN)
17 Global Food Enzymes Market Outlook, By Ligases (2021-2030) ($MN)
18 Global Food Enzymes Market Outlook, By Lipases (2021-2030) ($MN)
19 Global Food Enzymes Market Outlook, By Lyases (2021-2030) ($MN)
20 Global Food Enzymes Market Outlook, By Nucleases (2021-2030) ($MN)
21 Global Food Enzymes Market Outlook, By Oxidoreductases (2021-2030) ($MN)
22 Global Food Enzymes Market Outlook, By Phytases (2021-2030) ($MN)
23 Global Food Enzymes Market Outlook, By Polymerase (2021-2030) ($MN)
24 Global Food Enzymes Market Outlook, By Proteases (2021-2030) ($MN)
25 Global Food Enzymes Market Outlook, By Rennet (2021-2030) ($MN)
26 Global Food Enzymes Market Outlook, By Other Types (2021-2030) ($MN)
27 Global Food Enzymes Market Outlook, By Form (2021-2030) ($MN)
28 Global Food Enzymes Market Outlook, By Solid (2021-2030) ($MN)
29 Global Food Enzymes Market Outlook, By Lyophilized Liquid (2021-2030) ($MN)
30 Global Food Enzymes Market Outlook, By Lyophilized Powder (2021-2030) ($MN)
31 Global Food Enzymes Market Outlook, By Source (2021-2030) ($MN)
32 Global Food Enzymes Market Outlook, By Animal-Based Enzymes (2021-2030) ($MN)
33 Global Food Enzymes Market Outlook, By Microorganism-Based Enzymes (2021-2030) ($MN)
34 Global Food Enzymes Market Outlook, By Bacterial (2021-2030) ($MN)
35 Global Food Enzymes Market Outlook, By Fungal (2021-2030) ($MN)
36 Global Food Enzymes Market Outlook, By Yeast (2021-2030) ($MN)
37 Global Food Enzymes Market Outlook, By Plant-Based Enzymes (2021-2030) ($MN)
38 Global Food Enzymes Market Outlook, By Origin (2021-2030) ($MN)
39 Global Food Enzymes Market Outlook, By Natural Flavors (2021-2030) ($MN)
40 Global Food Enzymes Market Outlook, By Synthetic Flavors (2021-2030) ($MN)
41 Global Food Enzymes Market Outlook, By Application (2021-2030) ($MN)
42 Global Food Enzymes Market Outlook, By Additives (2021-2030) ($MN)
43 Global Food Enzymes Market Outlook, By Animal Feed (2021-2030) ($MN)
44 Global Food Enzymes Market Outlook, By Beverages (2021-2030) ($MN)
45 Global Food Enzymes Market Outlook, By Alcoholic Beverages (2021-2030) ($MN)
46 Global Food Enzymes Market Outlook, By Brewing (2021-2030) ($MN)
47 Global Food Enzymes Market Outlook, By Fruit Juice (2021-2030) ($MN)
48 Global Food Enzymes Market Outlook, By Fats & Spreads (2021-2030) ($MN)
49 Global Food Enzymes Market Outlook, By Food (2021-2030) ($MN)
50 Global Food Enzymes Market Outlook, By Nutraceuticals (2021-2030) ($MN)
51 Global Food Enzymes Market Outlook, By Sugar & Confectionery Products (2021-2030) ($MN)
52 Global Food Enzymes Market Outlook, By Meat & Meat Products (2021-2030) ($MN)
53 Global Food Enzymes Market Outlook, By Dairy and Frozen Desserts (2021-2030) ($MN)
54 Global Food Enzymes Market Outlook, By Fruits & Vegetables Processing (2021-2030) ($MN)
55 Global Food Enzymes Market Outlook, By Sweet & Savory Snacks (2021-2030) ($MN)
56 Global Food Enzymes Market Outlook, By Ready Meals (2021-2030) ($MN)
57 Global Food Enzymes Market Outlook, By Bakery Products (2021-2030) ($MN)
58 Global Food Enzymes Market Outlook, By Convenience Foods (2021-2030) ($MN)
59 Global Food Enzymes Market Outlook, By Processed Foods (2021-2030) ($MN)
60 Global Food Enzymes Market Outlook, By Grain and Oilseed Processing (2021-2030) ($MN)
61 Global Food Enzymes Market Outlook, By Inulin (2021-2030) ($MN)
62 Global Food Enzymes Market Outlook, By Protein Modification (2021-2030) ($MN)
63 Global Food Enzymes Market Outlook, By Starch Modification (2021-2030) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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