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Food Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 147 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5682254

Quick Summary:

The global food enzymes market is witnessing a significant upturn thanks to the buoyant food processing industry and heightened consumer preference for nutritional products. Food enzymes, primarily derived from plants, animals, and microbes, play a crucial role in breaking down nutrients into simpler forms and enhancing the aroma, flavor, and texture of various edible products. Their usage spans across multiple sectors within the food industry such as beverages, bakery, and dairy.

The market is further fuelled by an escalating demand for high-quality, nutrient-packed, natural, organic, and chemical-free foods and beverages. The surge in consumption of convenient and on-the-go food products and both alcoholic and non-alcoholic beverages extensively incorporates food enzymes. Additionally, the comprehensive adoption of food enzymes is being driven by prolific research and development activities focused on waste reduction, and improvement of food safety and security. This report serves as a key tool for informed decisions in a rapidly evolving market landscape.

The global food enzymes market size reached US$ 3.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

Food enzymes are biocatalysts that are used to break down nutrients such as proteins, carbohydrates, fats and vitamins, into simpler forms. Enzymes such as protease, amylase and lipase are also used for preservation, coagulation and tenderization of beverages, bakery and dairy products. They aid in improving the flavor, texture and fragrance of the products and are primarily manufactured using plants, animals and microbes such as yeast through the process of fermentation. These sources are considered to enhance the nutritive value of the food and produce desirable aromas in various edible products.

The thriving food processing industry, along with growing consumer awareness for nutritional products, is the key factor driving the growth of the market. There is an increasing demand for nutrient-rich and high-quality food and beverages. Also, shifting dietary preferences of consumer toward natural, organic and chemical-free food has alleviated the adoption of food enzymes. Furthermore, the rising demand for frozen and processed food products is also favoring the market growth. Consumers are increasingly opting for on-the-go and convenience food products owing to their changing lifestyles and busy schedules. Additionally, increasing beverage consumption, including both alcoholic and non-alcoholic, has enhanced the usage of food enzymes in the beverage industry. Various food enzymes are used for the extraction of fruit and vegetable juices. In the wine industry, they are utilized for the process of clarification and filtration and increasing juice yield. Apart from this, extensive research and development (R&D) activities for waste reduction and enhancing food security and safety are further catalyzing the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global food enzymes market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, source, formulation and application.

Breakup by Type:

  • Carbohydrase
  • Amylase
  • Cellulase
  • Lactase
  • Pectinase
  • Others
  • Protease
  • Lipase
  • Others

Breakup by Source:

  • Microorganisms
  • Plants
  • Animals

Breakup by Formulation:

  • Powder
  • Liquid
  • Others

Breakup by Application:

  • Beverages
  • Processed Foods
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others

Breakup by Region:

Global Food Enzymes Market Share, By Region (in %)

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being DuPont de Nemours, Inc., Amway, BASF, DSM, Novozymes, Chr. Hansen, Kerry Group, Biocatalysts, Puratos Group, Advanced Enzyme Tech, Sequence Biotech, Amano Enzyme, Aum Enzymes, Bioseutica and Dyadic International Inc., etc.

Key Questions Answered in This Report:

  • How has the global food enzymes market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global food enzymes industry?
  • What has been the impact of COVID-19 on the global food enzymes industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the formulation?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global food enzymes industry?
  • What are the key driving factors and challenges in the global food enzymes industry?
  • What is the structure of the global food enzymes industry and who are the key players?
  • What is the degree of competition in the global food enzymes industry?
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 $3.4 Billion in 2022.

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

The growth rate of the Global Food Enzymes Market is 7.0%, with an estimated value of $5.1 Billion by 2028.

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

The Global Food Enzymes Market is estimated to be worth $5.1 Billion by 2028.

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

Key companies in the Global Food Enzymes Market include Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, ITT Inc., Iwaki Co. Ltd., KSB SE & Co. KGaA, Schlumberger Limited, SPX Flow Inc. and Sulzer Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Food Enzymes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Source
5.6 Market Breakup by Formulation
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Type
6.1 Carbohydrase
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Amylase
6.1.2.2 Cellulase
6.1.2.3 Lactase
6.1.2.4 Pectinase
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Protease
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Lipase
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Source
7.1 Microorganisms
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plants
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Animals
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Formulation
8.1 Powder
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Liquid
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Beverages
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Processed Foods
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Dairy Products
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Bakery Products
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Confectionery Products
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 DuPont de Nemours, Inc.
15.3.2 Amway
15.3.3 BASF
15.3.4 DSM
15.3.5 Novozymes
15.3.6 Chr. Hansen
15.3.7 Kerry Group
15.3.8 Biocatalysts
15.3.9 Puratos Group
15.3.10 Advanced Enzyme Tech
15.3.11 Sequence Biotech
15.3.12 Amano Enzyme
15.3.13 Aum Enzymes
15.3.14 Bioseutica
15.3.15 Dyadic International Inc.
List of Figures
Figure 1: Global: Food Enzymes Market: Major Drivers and Challenges
Figure 2: Global: Food Enzymes Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Food Enzymes Market: Breakup by Type (in %), 2022
Figure 4: Global: Food Enzymes Market: Breakup by Source (in %), 2022
Figure 5: Global: Food Enzymes Market: Breakup by Formulation (in %), 2022
Figure 6: Global: Food Enzymes Market: Breakup by Application (in %), 2022
Figure 7: Global: Food Enzymes Market: Breakup by Region (in %), 2022
Figure 8: Global: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Food Enzymes Industry: SWOT Analysis
Figure 10: Global: Food Enzymes Industry: Value Chain Analysis
Figure 11: Global: Food Enzymes Industry: Porter’s Five Forces Analysis
Figure 12: Global: Food Enzymes (Carbohydrase) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 13: Global: Food Enzymes (Carbohydrase) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Global: Food Enzymes (Protease) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 15: Global: Food Enzymes (Protease) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Global: Food Enzymes (Lipase) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Food Enzymes (Lipase) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Food Enzymes (Other Types) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Food Enzymes (Other Types) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Food Enzymes (Microorganisms) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Food Enzymes (Microorganisms) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Food Enzymes (Plants) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Food Enzymes (Plants) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Food Enzymes (Animals) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Food Enzymes (Animals) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Food Enzymes (Powder) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: Global: Food Enzymes (Powder) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: Global: Food Enzymes (Liquid) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: Global: Food Enzymes (Liquid) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: Global: Food Enzymes (Other Formulations) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: Global: Food Enzymes (Other Formulations) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: Global: Food Enzymes (Beverages) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: Global: Food Enzymes (Beverages) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Global: Food Enzymes (Processed Foods) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Global: Food Enzymes (Processed Foods) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: Global: Food Enzymes (Dairy Products) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 37: Global: Food Enzymes (Dairy Products) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 38: Global: Food Enzymes (Bakery Products) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 39: Global: Food Enzymes (Bakery Products) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 40: Global: Food Enzymes (Confectionery Products) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 41: Global: Food Enzymes (Confectionery Products) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 42: Global: Food Enzymes (Other Applications) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 43: Global: Food Enzymes (Other Applications) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 44: North America: Food Enzymes Market: Sales Value (in Billion US$), 2017 & 2022
Figure 45: North America: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 46: Europe: Food Enzymes Market: Sales Value (in Billion US$), 2017 & 2022
Figure 47: Europe: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 48: Asia Pacific: Food Enzymes Market: Sales Value (in Billion US$), 2017 & 2022
Figure 49: Asia Pacific: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 50: Middle East and Africa: Food Enzymes Market: Sales Value (in Billion US$), 2017 & 2022
Figure 51: Middle East and Africa: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 52: Latin America: Food Enzymes Market: Sales Value (in Billion US$), 2017 & 2022
Figure 53: Latin America: Food Enzymes Market Forecast: Sales Value (in Billion US$), 2023-2028
List of Tables
Table 1: Global: Food Enzymes Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Food Enzymes Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 3: Global: Food Enzymes Market Forecast: Breakup by Source (in Billion US$), 2023-2028
Table 4: Global: Food Enzymes Market Forecast: Breakup by Formulation (in Billion US$), 2023-2028
Table 5: Global: Food Enzymes Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 6: Global: Food Enzymes Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 7: Global: Food Enzymes Market Structure
Table 8: Global: Food Enzymes Market: Key Players

Companies Mentioned

  • DuPont de Nemours Inc.
  • Amway
  • BASF
  • DSM
  • Novozymes
  • Chr. Hansen
  • Kerry Group
  • Biocatalysts
  • Puratos Group
  • Advanced Enzyme Tech
  • Sequence Biotech
  • Amano Enzyme
  • Aum Enzymes
  • Bioseutica
  • Dyadic International Inc.

Methodology

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