The global food enzymes market size was US$ 2101.7 million in 2021. The global food enzymes market is forecast to grow to US$ 4121.1 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
Food enzymes are complex compounds that operate as catalysers and are widely utilized in the food processing industry to increase diversity, variety, and quality. Food enzymes are frequently employed in food processing because of their numerous benefits, which include, coagulation, flavour, texture, preservation, smell enhancement, and tenderization. Enzymes are widely utilized in the baking, fruit juice, and cheese-producing industries, as well as in brewing.
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Factors Influencing the Market
Food enzymes are frequently employed in food processing because of their numerous benefits, which include texture, flavour, and smell enhancement, preservation, coagulation, and tenderization. Enzymes are widely utilized in baking, fruit juice, and cheese-producing industries. The wide applications of food enzymes will primarily drive the growth of the overall market during the forecast period.
The growing demand for processed food will also escalate the demand for food enzymes during the study period. Accompanied by that, the rising global population and changing lifestyles of people will drive the food enzymes market forward during the study timeframe.
Growing awareness related to the nutritional benefits of food enzymes will also contribute to the growth of the market. After the COVID-19 pandemic, choices of people are significantly shifting toward nutritional food. Apart from that, rules and regulations imposed by government bodies will also benefit the food enzymes market during the study period. On the flip side, a restricted pH operational range may limit the adoption of food enzymes during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for food enzymes increased. The consumer demand for packed food products increased due to food shortages and lockdown restrictions. As a result, it drove the growth of the food enzymes market. Moreover, the high shelf life of the packed food products drove the demand. Consumers also became more health conscious, which has been opportunistic for the food enzymes market.
Regional Analysis
North America is expected to hold the highest share in the global food enzymes market due to changing lifestyles of people. The Asia-Pacific market for food enzymes will also record significant growth due to the rising demand for high-quality processed food and the rising population of the region.
Competitors in the Market
• AUM Enzymes
• DuPont
• Associated British Foods plc
• DSM
• Novozymes
• CHR. Hansen
• Kerry Group
• Jiangsu Boli Bioproducts Co., Ltd.
• Biocatalysts Ltd.
• Puratos Group
• Advanced Enzyme Technologies Ltd
• Amano Enzyme Inc.
• Koninklijke DSM
• Enzyme Bioscience Private Limited
• Antozyme Biotech Pvt Ltd
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Food Enzymes industry experienced notable growth in its workforce. Starting in January, employment within the Food Enzymes sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Food Enzymes output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Food Enzymes output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Food Enzymes market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Food Enzymes market.
Market Segmentation
The global food enzymes market segmentation focuses on Type, Application, Source, and Region.
By Type
• Carbohydrase
• Lipase
• Protease
• Others
By Application
• Food & Beverages
• Processed Food
• Diary
• Bakery
• Confectionary
By Source
• Microorganisms
• Animals
• Plants
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
Table of Contents:
Chapter 1: Introduction to the Global Food Enzymes Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Food Enzymes Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Food Enzymes Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Food Enzymes Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Food Enzymes market revenues, extending projections until 2031. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Food Enzymes market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Food Enzymes business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
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• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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