Food enzymes are complex ingredients, which act as catalyzers and are extensively used for increasing the diversity, variety, and quality during processing of food. Food enzymes are often used for food processing owing to its multiple benefits, which includes enhancement of texture, flavor & fragrance, preservation, coagulation, and tenderization. The global market for food enzymes has experienced a rise in innovation in recent years. The development of technology like cold-adapted Enzymes has changed the market's growth trajectory. As a result of novel enzyme discoveries, food enzymes that act at very low temperatures, as well as enzymes, have been discovered.
The market is expected to experience growth during the forecast period owing to the expansion of the food and beverage industry, diversification in extraction process, and rise in trend of cold-adapted enzymes. At the same time, the sector is facing challenges driven by certain food enzyme allergies, limited shelf life, and high sensitivity of food enzymes toward temperature and pH. Developments in protein and genetic engineering result in improvement of economy, specificity, stability, and the overall application potential of food enzymes. Food enzymes find application on plethora of platforms, such as starch modification, sweetener production, sugar processing, baking, flour supplementation, dough conditioning, cheese making, brewing, flavor enhancement, meat tenderizing, and juice processing to name few.
The food enzymes industry is segmented on the basis of type, application, and material. On the basis of type, the food enzyme market is classified into carbohydrase, lipase, protease, and others. On the basis of application, the market is divided into bakery products, beverages, dairy products, and others. On the basis of source, the market is analyzed across microorganisms, plants, and animals. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Associated British Foods Plc. (ABF), Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., BASF, Chr. Hansen Holding A/S, DowDuPont, Kerry Group PLC, Novozymes, Royal DSM N.V., and Aum Enzymes.
The market is expected to experience growth during the forecast period owing to the expansion of the food and beverage industry, diversification in extraction process, and rise in trend of cold-adapted enzymes. At the same time, the sector is facing challenges driven by certain food enzyme allergies, limited shelf life, and high sensitivity of food enzymes toward temperature and pH. Developments in protein and genetic engineering result in improvement of economy, specificity, stability, and the overall application potential of food enzymes. Food enzymes find application on plethora of platforms, such as starch modification, sweetener production, sugar processing, baking, flour supplementation, dough conditioning, cheese making, brewing, flavor enhancement, meat tenderizing, and juice processing to name few.
The food enzymes industry is segmented on the basis of type, application, and material. On the basis of type, the food enzyme market is classified into carbohydrase, lipase, protease, and others. On the basis of application, the market is divided into bakery products, beverages, dairy products, and others. On the basis of source, the market is analyzed across microorganisms, plants, and animals. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the report include Associated British Foods Plc. (ABF), Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., BASF, Chr. Hansen Holding A/S, DowDuPont, Kerry Group PLC, Novozymes, Royal DSM N.V., and Aum Enzymes.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global food enzyme market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Key Market Segments
By Type
- Carbohydrase
- Lipase
- Protease
- Others
By Application
- Bakery Products
- Beverages
- Dairy Products
- Others
By Source
- Microorganisms
- Animals
- Plants
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Middle East
- Rest of LAMEA
Key Market Players
- Associated British Foods Plc.
- Advanced Enzyme Technologies
- Amano Enzyme Co., Ltd
- BASF
- Chr. Hansen Holding A/S
- DowDuPont
- Kerry Group PLC
- Novozymes
- Royal DSM N.V
- Aum Enzymes
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FOOD ENZYMES MARKET, BY TYPE
CHAPTER 5: FOOD ENZYMES MARKET, BY APPLICATION
CHAPTER 6: FOOD ENZYMES MARKET, BY SOURCE
CHAPTER 7: FOOD ENZYMES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Food Enzymes Market,' the food enzymes market was valued at $1,906.70 million in 2020, and is estimated to reach $4,124.70 million by 2031, growing at a CAGR of 6.2% from 2022 to 2031.In terms of volume, North America occupied more than one-third of the global market share for 2020 and is expected to maintain its dominance during the forecast period.
The number of food and beverage processors in the globe has increased at an exponential rate. The rise of the connected food and beverage industry has been equally spectacular. The shifting landscape, together with forthcoming trends and the world's growing appetite for food enzymes, propels the food and beverage industry forward, which includes cheese manufacturing industries and meat product industries. This rate of food enzymes market growth is projected to continue for the foreseeable future, with consumer and food service businesses driving the majority of it. Food enzymes are complex ingredients, which act as catalyzers and are extensively used for increasing the diversity, variety, and quality during processing of food. Food enzymes are often used for food processing owing to its multiple benefits, which include enhancement of texture, flavor & fragrance, preservation, coagulation, and tenderization. Food enzymes are generally produced through fermentation process. Both, fed-batch and continuous fermentation processes are commonly used for the commercial production of food enzymes globally; however, food enzymes are also sourced from animals and plants.
In the last few years, the global market for food enzymes has seen an increase in innovation. The introduction of technology, such as cold-adapted enzymes has transformed the market's growth. Food enzymes that operate at very low temperatures, as well as enzymes, have been developed as a result of novel enzyme discovery. These cold-adapted enzymes have the distinct property of becoming inactive after completing their task at low temperatures. Cold-adapt has a wide range of applications. Cheese manufacturing, juice processing, and the meat and meat products business all use cold-adapted enzymes. Developments in protein and genetic engineering have resulted in the improvement of economy, specificity, stability, and overall application potential of food enzymes. Food enzymes find application on plethora of platforms such as starch modification, sweetener production, sugar processing, baking, flour supplementation, dough conditioning, cheesemaking, brewing, flavor enhancement, meat tenderizing, and juice processing.
The application of enzymes in food processing is governed by various national and international agencies across the globe. For general purposes, the Food Chemicals Codex (FCC) and FAO/WHO Joint Expert Committee on Food Additives (JECFA) have framed guidelines for the usage of enzymes as food additives. AMFEP of Europe and Enzyme Technical Association (ETA) of the U.S. region also provide regulatory guidelines for the safe usage of food enzymes in the food & beverage industry.
It is pertinent to note that millennials are now more concerned about food transparency than any earlier generation. They demand food products with little or no artificial ingredients and synthetic chemicals. They also demand food products that undergo less processing. As a result, leading manufacturers focus on introducing clean label products that cater to such growing demands from millennials.
Acording to food enzymes market analysis the market is segmented on the basis of type, application, and material. On the basis of type, the food enzyme market is classified into carbohydrase, lipase, protease, and others. On the basis of application, the food enzymes market is divided into bakery products, beverages, dairy products, and others. On the basis of source, the market is analyzed across microorganisms, plants, and animals. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global food enzymes industry is fiercely competitive, with companies investing in marketing and product promotion. The key food enzymes market players to promote their products globally are utilizing new and innovative marketing and promotion strategies to penetrate the food enzymes market, capture huge market shares, and build brand awareness.
KEY FINDINGS OF STUDY
- The carbohydrase segment was the highest contributor to the global food enzymes market size in 2020 and is projected to grow at a moderate CAGR during the forecast period.
- There is an increase in demand for food enzymes from bakery segment. As a result, the bakery segment is poised to grow with lucrative CAGR of 7.3% during the forecast period.
- Clean labels, immobilized enzyme technology, and sustainability are the some of the emerging food enzymes market trends around the world.
- Microorganisms segment accounted for about three-fourths of the food enzymes market share for 2020 and is projected to grow with highest the CAGR during the forecast period.
- Dairy products segment is projected to exhibit rapid growth in the food enzymes market, in the estimated forecast.
- In terms of value, the Asia-Pacific region is poised to grow with highest CAGR during the forecast period followed by LAMEA.
Companies Mentioned
- Associated British Foods Plc.
- Advanced Enzyme Technologies
- Amano Enzyme Co., Ltd
- BASF
- Chr. Hansen Holding A/S
- DowDuPont
- Kerry Group PLC
- Novozymes
- Royal DSM N.V
- Aum Enzymes
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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