Global Food Enzymes Market Share Is Likely To Grow At A CAGR Value Of Around 6.2% By 2028

19-Apr-2022 | Facts and Factors

According to the Facts & Factors report, the food enzymes market was worth around USD 2,164.2 million in 2021 and is estimated to grow to about USD 3,104.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.2% over the forecast period. The report analyzes the food enzymes Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the food enzymes market.

Food enzymes are complex molecules that act as catalyzers and are commonly used in the food processing industry to promote variety, diversity, and quality. Food enzymes are widely used in food processing due to their multiple benefits, which include flavor, texture, and scent enhancement, as well as coagulation, preservation, and tenderization. The increased consumer awareness regarding safe and healthy foods is driving the global food enzymes market in the forecast period. In addition, rising competition for processed foods and rising need for environmentally sustainable production techniques, and high enzyme reaction specificity and food quality are two macroeconomic factors boosting the global food enzymes market. The waste reduction and energy savings in food processing will drive the growth rate of the food enzymes market in the coming years.

Browse the full “Food Enzymes Market By Type (Carbohydrase, Amylase, Cellulose, Lactase, Pectinase, Other carbohydrates, Proteases, Lipases, Polymerase & nuclease, and Other types). By Source (Microorganisms, Plant, and Animals). By Application (Food, Meat Products, Bakery & confectionery products, Dairy products, Nutraceuticals, Other food products, Beverages, Juices, Brewing, and Other Beverages). By Form (Lyophilized Powder, Liquid, and Other formulations), and By Region - Global and Regional Industry Trends, Market Insights, Data analysis, Historical Information, and Forecast 2022–2028” report at https://www.fnfresearch.com/food-enzymes-market

Furthermore, an increase in the demand for nutraceutical products increased consumption of alcoholic and non-alcoholic beverages, and the replacement of old chemicals in many industries are major drivers that will accelerate the growth rate of the food enzymes market. Moreover, the increase in the number of emerging applications and innovative technological platforms will increase the potential for the food enzymes market to flourish. However, the market's growth pace will be hampered by a limited temperature, pH operational range, and a stringent regulatory framework. The influence of COVID-19 on the food enzyme supply chain and the availability of raw materials would pose a challenge to the food enzymes market over the projected period. Changes in food enzyme safety regulations will offer a significant obstacle to the expansion of the food enzymes market.

The Food Enzymes Market is segregated based on Type, Source, Application, and Form. Based on Type, the global market is distinguished into Carbohydrase, Amylase, Cellulose, Lactase, Pectinase, Other carbohydrates, Proteases, Lipases, Polymerase & nuclease, and Other types. Based on Source, the global market is distinguished into Microorganisms, Plant, and animals. Based on Application, the global market is distinguished into Food, Meat Products, Bakery & confectionery products, Dairy products, Nutraceuticals, Other food products, Beverages, Juices, Brewing, and Other Beverages. Based on Form, the global market is distinguished into Lyophilized Powder, Liquid, and Other formulations.

North America is the most important market for enzyme uses in the food industry. The region's high consumption of meat and animal products is one of the primary reasons driving the food enzymes industry. The United States is the regional and global market leader in enzyme production and consumption, owing to increased spending on premium grade products and consumer demand for processed meals including naturally sourced components. During the forecast period, Asia Pacific is expected to grow at the fastest rate. Consumer spending power has increased as a result of economic development in APAC countries, leading to an increase in demand for high-quality processed food. As a result of their properties as vital healthy food additives, the market for enzymes in food and drinks is expected to rise. Changes in consumer preferences and trade liberalization have increased demand for goods such as beef and meat products in the country.

Report Scope

Key players functioning in the Food Enzymes Market include DuPont (US) Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen (Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Enzyme Bioscience Private Limited, Aumgene Biosciences (India) Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), Antozyme Biotech Pvt Ltd (India).

Recent Developments:

• In 2021, IFF (a DuPont company) announced the launch of Nurica enzyme in China, providing dairy producers with a new way to manufacture a premium product that meets consumer health needs while enhancing profitability. Nurica is IFF's most recent product for the Chinese market, and it is sold under the Danisco brand of food additives.
• In 2021, DuPont Nutrition & Biosciences (DuPont) released NovaGARD NR 100-G, part of the DuPont Danisco line of antimicrobials, to preserve meat products safe and high in quality throughout their shelf life throughout the Middle East and Africa (MEA).
• In 2021, Biocatalysts Ltd, an enzyme expert, announces the release of their new enzyme PromodTM 517MDP (P517MDP), which expands their portfolio of Kosher and Halal certified enzymes specifically targeting the dairy protein industry. P517MDP is a highly efficient exopeptidase that hydrolyzes casein protein at a rate of more than 40%.

the global food enzymes market is segmented as follows:

By Type

• Carbohydrase
  • Amylase
  • Cellulase
  • Lactase
  • Pectinase
  • Other Carbohydrases
• Proteases
• Lipases
• Polymerase & nuclease
• Other Types

By Source

• Microorganism
• Plant
• Animal

By Application

• Food
• Meat Products
• Bakery & Confectionery Products
• Dairy Products
• Nutraceuticals
• Other food products
• Beverages
• Juices
• Brewing
• Other Beverages

By Form

• Lyophilized powder
• Liquid
• Other Formulations

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com