The global food enzymes market is projected to grow at a CAGR of 7.27% to reach US$3.148 billion by 2026, from US$1.926 billion in 2019. Food enzymes are enzymes that are suitable for human consumption and are utilized by the food industry throughout food manufacturing to assist enhance food safety and quality, as well as process efficiency. They are widely used in the production, processing, preparation, and treatment of a variety of food items. Baking, fruit juice, cheese production, and brewing are among industries that use enzymes.
The rise in demand for processed foods is likely to boost the food enzymes industry. Furthermore, technological developments such as enzyme engineering and the introduction of genetically modified enzymes have helped the expansion of the food industry.
Food enzymes are crucial in all aspects of food processing, from protein to starch. Furthermore, they are utilized to enhance raw material processing for dairy and alcohol fermentation. Baking is another notable sector in which enzymes play an essential role. Thus, factors such as the multifunctional advantages of food enzymes in a variety of applications and technological advances to minimize chemical usage all contribute to the market growth. However, a limited temperature and pH operational range may limit market expansion.
North America holds the dominant share of the food enzymes market. During the projected period, however, Asia-Pacific is expected to earn a considerable market share in the global food enzyme market. The immobilized enzyme technology for food applications has gained significant popularity in recent years. Immobilized enzyme technology improves food enzyme properties such as slow reaction rate, short shelf life, and operational stability.
Global demand for processed foods is increasing, owing primarily to expanding economies in Asia. The significant expansion of the processed food sector is mostly due to China and India. The Indian food and grocery market is the world's sixth-largest, according to the Indian Brand Equity Foundation, and its production is anticipated to reach US$ 535 billion by 2025-26. The Indian food processing sector accounts for 32% of the total food market, is a major industry, and ranks fifth in terms of output, consumption, export, and anticipated growth. Foreign direct investment in the Indian food sector totaled $4.18 billion between April 2014 and March 2020. Indian annual household consumption is estimated to triple by 2030, making the country world's fifth-largest consumer. Furthermore, according to Food export, China is the fifth-largest market for US processed food exports, totaling about US$1.7 billion in 2020, a 12 % rise over the previous year. The middle-class population is growing, and rising disposable incomes, along with a hectic schedule, contribute to the market expansion. Food enzyme applications increase the freshness of end goods, extending the shelf life of convenience foods while retaining flavor, color, and texture.
The activity of food enzymes is heavily affected by environmental factors. A reduction in temperature dramatically reduces the reaction rate, whereas thermal agitation degrades the food enzyme structure, rendering it non-functional. Varying the pH outside of the food enzyme's operating range decreases enzyme activity and can eventually lead to irreversible denaturation.
The COVID-19 pandemic put unforeseen strains on food systems, posing a slew of critical challenges. COVID-19 is expected to have a considerable influence on the food enzyme market since the current pandemic has highlighted the need for safe, healthy, and nutritious eating. The pandemic had put enormous strains on food supply systems, causing bottlenecks in farm labor, processing, transportation, and logistics, as well as significant swings in demand. The majority of these interruptions are the consequence of regulations put in place to slow the spread of the virus. In the face of these challenges, food supply systems have shown extraordinary resilience. While ingredient sales are distributed across nations, prominent players in the food enzymes industry have begun to develop regional production. R&D and sales departments are also improving supply chains for raw material distribution.
The rise in demand for processed foods is likely to boost the food enzymes industry. Furthermore, technological developments such as enzyme engineering and the introduction of genetically modified enzymes have helped the expansion of the food industry.
Food enzymes are crucial in all aspects of food processing, from protein to starch. Furthermore, they are utilized to enhance raw material processing for dairy and alcohol fermentation. Baking is another notable sector in which enzymes play an essential role. Thus, factors such as the multifunctional advantages of food enzymes in a variety of applications and technological advances to minimize chemical usage all contribute to the market growth. However, a limited temperature and pH operational range may limit market expansion.
North America holds the dominant share of the food enzymes market. During the projected period, however, Asia-Pacific is expected to earn a considerable market share in the global food enzyme market. The immobilized enzyme technology for food applications has gained significant popularity in recent years. Immobilized enzyme technology improves food enzyme properties such as slow reaction rate, short shelf life, and operational stability.
Growth Factors
Increasing demand for processed food
Global demand for processed foods is increasing, owing primarily to expanding economies in Asia. The significant expansion of the processed food sector is mostly due to China and India. The Indian food and grocery market is the world's sixth-largest, according to the Indian Brand Equity Foundation, and its production is anticipated to reach US$ 535 billion by 2025-26. The Indian food processing sector accounts for 32% of the total food market, is a major industry, and ranks fifth in terms of output, consumption, export, and anticipated growth. Foreign direct investment in the Indian food sector totaled $4.18 billion between April 2014 and March 2020. Indian annual household consumption is estimated to triple by 2030, making the country world's fifth-largest consumer. Furthermore, according to Food export, China is the fifth-largest market for US processed food exports, totaling about US$1.7 billion in 2020, a 12 % rise over the previous year. The middle-class population is growing, and rising disposable incomes, along with a hectic schedule, contribute to the market expansion. Food enzyme applications increase the freshness of end goods, extending the shelf life of convenience foods while retaining flavor, color, and texture.
Restraints
Restricted temperature and pH operational range
The activity of food enzymes is heavily affected by environmental factors. A reduction in temperature dramatically reduces the reaction rate, whereas thermal agitation degrades the food enzyme structure, rendering it non-functional. Varying the pH outside of the food enzyme's operating range decreases enzyme activity and can eventually lead to irreversible denaturation.
Impact of COVID-19 on the Food Enzymes Market
The COVID-19 pandemic put unforeseen strains on food systems, posing a slew of critical challenges. COVID-19 is expected to have a considerable influence on the food enzyme market since the current pandemic has highlighted the need for safe, healthy, and nutritious eating. The pandemic had put enormous strains on food supply systems, causing bottlenecks in farm labor, processing, transportation, and logistics, as well as significant swings in demand. The majority of these interruptions are the consequence of regulations put in place to slow the spread of the virus. In the face of these challenges, food supply systems have shown extraordinary resilience. While ingredient sales are distributed across nations, prominent players in the food enzymes industry have begun to develop regional production. R&D and sales departments are also improving supply chains for raw material distribution.
Recent Developments:
- June 2021 - International Flavors & Fragrances Inc. (IFF) introduced Nurica, a new enzyme for dairy products.
- December 2020 - Biocatalysts Ltd, a provider of enzymes to the food, flavour and fragrance, life science, chemical, and pharmaceutical sectors, introduced a new enzyme for use in pet food, Promod 971MDP (P971MDP).
- May 2019 - DowDuPont Specialty Products Division merged the Nutrition & Health and Industrial Biosciences divisions to form Nutrition & Biosciences, a $6.2 billion business division to benefit from the joint expertise and skills in the food enzyme, human and animal microbiome science, bioprocess engineering, and R&D
Market Segmentation:
By Type
- Amylase
- Protease
- Lipase
By Source
- Microorganisms
- Plants
- Animals
By Application
- Beverages
- Processed Food
- Dairy Products
- Others
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- France
- Germany
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- Japan
- China
- India
- Thailand
- Taiwan
- Indonesia
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Food Enzymes Market Analysis, By Type
6. Food Enzymes Market Analysis, By Source
7. Food Enzymes Market Analysis, By Application
8. Food Enzymes Market Analysis, By Geography
9. Competitive Environment and Analysis
10. Company Profiles
Companies Mentioned
- AB Enzymes
- Advanced Enzyme Technologies
- DSM
- Novozymes
- Megazyme
- Biocatalysts
- Dupont
- Amano Enzyme Inc.
- Kerry Inc.
- Lumis
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | December 2021 |
| Forecast Period | 2019 - 2026 |
| Estimated Market Value ( USD | $ 1.93 Billion |
| Forecasted Market Value ( USD | $ 3.15 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
