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Food Enzymes Market, Global Forecast, Impact of COVID-19, Industry Trends, by Types, Growth, Opportunity Company Analysis

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    Report

  • 125 Pages
  • August 2021
  • Region: Global
  • Renub Research
  • ID: 5411844
Food enzymes are complex constituents that act as catalysers, which increase diversity, variety, and quality during food processing. The enzymes in the food industry are primarily used for preserving and purifying beverages, overcoming ripening time in dairy and meat products, enhancing loaf volume of bread, advancing quality and yield of products, modifying fats, and tenderizing meats. According to the report analysis, the Food Enzymes Market was valued at US$ 2.3 Billion in 2020.



The food enzymes are produced from different sources like microorganisms, plants and animals are used in the food industry for broad applications. In addition, by type, the food enzymes market is bifurcated, such as carbohydrates, lipases, and proteases. Innovation has allowed the players to exploit diverse application industries such as bakery products, beverages and dairy products, consequently triggering the opportunities in the Food Enzymes Industry to be progressing at a CAGR of 6.20% through the forecast period 2020-2026.

Furthermore, to develop production means while optimizing costs and ensuring quality, the food industry is constantly looking for new and innovative constituents to obtain the most high-grade quality products. Thus, the growing importance of enzymes in the food industry is fuelling the growth of the food enzymes market.

The report covers a competitive panorama based on an extensive assessment of the industry's key company initiatives adopted by driving market participants (2017-2020). The key players profiled in the Food Enzymes Market are BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM and Kerry Group PLC. According to the publisher, the Global Food Enzymes Market Size is projected to reach US$ 3.3 Billion by 2026.

COVID-19 Impact on Global Food Enzymes Industry

The impact of COVID-19 in the Food Enzymes Market is anticipated to be vital, as the current pandemic has highlighted the consequence of safe, healthy, and nutritious eating. The key companies in the food enzymes market have begun establishing regional production for ingredient sales across the countries. R&D and sales departments and are also optimizing supply chains for the distribution of raw materials.

Amidst the COVID-19 outbreak, food ingredient companies encountered significant challenges in addressing the inflated demand for food enzymes, including changing tastes and preferences. A rapid and unforeseen spike in desire for functional foods during the pandemic ended in manufacturers, suppliers, and retailers struggling to ensure a continued supply of raw materials in the market. Disturbances in the supply chain during the pandemic lockdown across the countries were challenging for the market.

This latest report “Food Enzymes Market, Global Forecast by Types (Carbohydrase, Lipase, Protease, Others), Source (Microorganism, Plant, Animal), Application (Bakery Products, Beverages, Dairy Products, Others), Region (North America, Europe, Asia Pacific, Middle East and Rest of the World), Company (BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC); provides a detailed analysis of Food Enzymes Market globally.

By Types market has been covered from 4 viewpoints:

1. Carbohydrase
2. Lipase
3. Protease
4. Others

By Applications has been covered from 4 viewpoints:

1. Bakery Products
2. Beverages
3. Dairy Products
4. Others

By Source market has been covered from 3 viewpoints:

1. Microorganism
2. Plant
3. Animal

By Regions market has been covered from 5 viewpoints:

1. North America
2. Europe
3. Asia -Pacific’s
4. Middle East
5. ROW

Company Insights:

  • Overview
  • Company Initiatives
  • Sales Analysis

Companies Covered:

1. BASF SE
2. Advanced Enzyme Technologies
3. Novozymes
4. DuPont Danisco
5. DSM
6. Kerry Group PLC
Frequently Asked Questions about the Global Food Enzymes Market

What is the estimated value of the Global Food Enzymes Market?

The Global Food Enzymes Market was estimated to be valued at $2.3 Billion in 2020.

What is the growth rate of the Global Food Enzymes Market?

The growth rate of the Global Food Enzymes Market is 6.2%, with an estimated value of $3.3 Billion by 2026.

What is the forecasted size of the Global Food Enzymes Market?

The Global Food Enzymes Market is estimated to be worth $3.3 Billion by 2026.

Who are the key companies in the Global Food Enzymes Market?

Key companies in the Global Food Enzymes Market include BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco and Kerry Group PLC.

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Market Analysis - Global Food Enzymes
6. Market Share
6.1 By Types
6.2 By Applications
6.3 By Source
6.4 By Regions
7. By Types
7.1 Carbohydrase
7.2 Lipase
7.3 Protease
7.4 Others
8. By Applications
8.1 Bakery Products
8.2 Beverages
8.3 Dairy Products
8.4 Others
9. By Source
9.1 Microorganisms
9.2 Plants
9.3 Animals
10. By Regions
10.1 North America
10.2 Europe
10.3 Asia -Pacific’s
10.4 Middle East
10.5 ROW
11. Company Analysis
11.1 BASF SE
11.1.1 Overview
11.1.2 Company Initiatives
11.1.3 Sales Analysis
11.2 Advanced Enzyme Technologies
11.2.1 Overview
11.2.2 Company Initiatives
11.2.3 Sales Analysis
11.3 Novozymes
11.3.1 Overview
11.3.2 Company Initiatives
11.3.3 Sales Analysis
11.4 DuPont Danisco
11.4.1 Overview
11.4.2 Company Initiatives
11.4.3 Sales Analysis
11.5 DSM
11.5.1 Overview
11.5.2 Company Initiatives
11.5.3 Sales Analysis
11.6 Kerry Group PLC
11.6.1 Overview
11.6.2 Company Initiatives
11.6.3 Sales Analysis
List of Figure:
Figure-01: Global Food Enzymes Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global Food Enzymes Market (Million US$), 2021 - 2026
Figure-03: Type - Carbohydrases Market (Million US$), 2017 - 2020
Figure-04: Type - Forecast for Carbohydrases Market (Million US$), 2021 - 2026
Figure-05: Type - Lipase Market (Million US$), 2017 - 2020
Figure-06: Type - Forecast for Lipase Market (Million US$), 2021 - 2026
Figure-07: Type - Protease Market (Million US$), 2017 - 2020
Figure-08: Type - Forecast for Protease Market (Million US$), 2021 - 2026
Figure-09: Type - Others Market (Million US$), 2017 - 2020
Figure-10: Type - Forecast for Others Market (Million US$), 2021 - 2026
Figure-11: Application - Bakery Products Market (Million US$), 2016 - 2020
Figure-12: Application - Forecast for Bakery Products Market (Million US$), 2021 - 2026
Figure-13: Application - Beverages Market (Million US$), 2016 - 2020
Figure-14: Application - Forecast for Beverages Market (Million US$), 2021 - 2026
Figure-15: Application - Dairy Products Market (Million US$), 2016 - 2020
Figure-16: Application - Forecast for Dairy Products Market (Million US$), 2021 - 2026
Figure-17: Application - Others Market (Million US$), 2016 - 2020
Figure-18: Application - Forecast for Others Market (Million US$), 2021 - 2026
Figure-19: Source - Microorganism Market (Million US$), 2017 - 2020
Figure-20: Source - Forecast for Microorganism Market (Million US$), 2021 - 2026
Figure-21: Source - Plant Market (Million US$), 2017 - 2020
Figure-22: Source - Forecast for Plant Market (Million US$), 2021 - 2026
Figure-23: Source - Animal Market (Million US$), 2017 - 2020
Figure-24: Source - Forecast for Animal Market (Million US$), 2021 - 2026
Figure-25: North America - Food Enzymes Market (Million US$), 2016 - 2020
Figure-26: North America - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-27: Europe - Food Enzymes Market (Million US$), 2016 - 20203
Figure-28: Europe - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-29: Asia Pacific - Food Enzymes Market (Million US$), 2016 - 2020
Figure-30: Asia Pacific - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-31: Middle East - Food Enzymes Market (Million US$), 2016 - 2020
Figure-32: Middle East - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-33: Rest of World - Food Enzymes Market (Million US$), 2016 - 2020
Figure-34: Rest of World - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-35: BASF SE - Global Revenue (Million US$), 2017 - 2020
Figure-36: BASF SE - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-37: Advanced Enzyme Technologies - Global Revenue (Million US$), 2017 - 2020
Figure-38: Advanced Enzyme Technologies - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-39: Novozymes - Global Revenue (Million US$), 2017 - 2020
Figure-40: Novozymes - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-41: DuPont Danisco - Global Revenue (Million US$), 2017 - 2020
Figure-42: DuPont Danisco - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-43: DSM - Global Revenue (Million US$), 2017 - 2020
Figure-44: DSM - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-45: Kerry Group PLC - Global Revenue (Million US$), 2017 - 2020
Figure-46: Kerry Group PLC - Forecast for Global Revenue (Million US$), 2021 - 2026
List of Tables:
Table-01: Global Food Enzymes Market Share by Type (Percent), 2017 - 2020
Table-02: Forecast for - Global Food Enzymes Market Share by Type (Percent), 2021 - 2026
Table-03: Global Food Enzymes Market Share by Application (Percent), 2017 - 2020
Table-04: Forecast for - Global Food Enzymes Market Share by Application (Percent), 2021 - 2026
Table-05: Global Food Enzymes Market Share by Source (Percent), 2017 - 2020
Table-06: Forecast for - Global Food Enzymes Market Share by Source (Percent), 2021 - 2026
Table-07: Global Food Enzymes Market Share by Region (Percent), 2017 - 2020
Table-08: Forecast for - Global Food Enzymes Market Share by Region (Percent), 2021 - 2026

Companies Mentioned

  • BASF SE
  • Advanced Enzyme Technologies
  • Novozymes
  • DuPont Danisco
  • DSM
  • Kerry Group PLC

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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