Global Food Enzymes Market Size study, by Type (Carbohydrase, Protease, Lipases and Others), by Formulation (Lyophilized Powder, Liquid and Others), by Application (Beverages, Confectionery Products, Dairy Products, Bakery Products, Meat Processing and Ot

Global Food Enzymes Market Size study, by Type (Carbohydrase, Protease, Lipases and Others), by Formulation (Lyophilized Powder, Liquid and Others), by Application (Beverages, Confectionery Products, Dairy Products, Bakery Products, Meat Processing and Others), by Source (Microorganisms, Plants and Animals) and Regional Analysis, 2022-2029

Global Food Enzymes Market is valued at approximately USD 2.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. Food enzymes are compound ingredients that are produced from microbial sources which are utilize for improving the range, diversity, and quality during the food processing. It offers various benefits that include flavor & fragrance, coagulation, preservation, enhancement of texture and tenderization enabling food enzyme ingredients to process the food. It acts as a catalyzer, that helps in processing food. Factors such as increasing preference towards tasty and processed food, coupled with higher disposable income are further bolstering the market demand during the estimated years.

The increasing demand for food enzymes by the end-use industry including dairy, confectionary, and bakery products owing to properties such as improved shelf life and dough stability enhances the growth of the food enzymes market across the global market. As per Statista, in 2022, it was estimated that around 129,916.9 million kilograms of confectionary were produced globally, which is projected to reach 146,046.2 million kilograms by 2026. Thereby, the rising demand for confectionery products and the increasing global population is exhibiting a positive influence on the market expansion. Furthermore, increasing demand for various varieties of tastes and flavors, as well as innovative technological platforms food are expected to boost the growth of the global Food Enzymes market over the forecast period of 2022-2029. However, restricted temperature and pH operational range, along with stringent regulatory framework are the major restraining factors for the market growth.

The key regions considered for the Food Enzymes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing trend of consuming naturally sourced ingredients and the rise in the use of enzymes in the plethora of food systems. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing consumption of demand for high-quality processed food, as well as growing concerns for sustainability and food safety in the regional market.

Major market players included in this report are:
DuPont de Nemours, Inc.
Associated British Foods plc
Koninklijke DSM N.V.
Novozymes
Chr. Hansen A/S
Brenntag Asia Pacific Pte Ltd
Kerry Group PLC
Jiangsu Boli Bioproducts Co Ltd.
Biocatalysts Ltd.
Puratos Group

Recent Developments in the Market:
 In June 2021, International Flavors & Fragrances, Inc. introduced Nurica, a dairy enzyme that naturally uses the lactose found in milk in the United States. The enzyme aids in the natural production of a higher yield of prebiotic galacto-oligosaccharides (GOS) fibres, which aid in the management of lactose intolerance and the optimization of fibre intake.
 In April 2021, Biocatalysts Ltd. declared the launch of PromodTM 517MDP (P517MDP) with the objective of strengthening its Kosher and Halal-certified dairy protein enzymes.

Global Food Enzymes Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Formulation, Application, Source, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Carbohydrase
Protease
Lipases
Others
By Formulation:
Lyophilized Powder
Liquid
Others
By Application:
Beverages
Confectionery Products
Dairy Products
Bakery Products
Meat Processing
Others
By Source:
Microorganisms
Plants
Animals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World



Companies Mentioned

DuPont de Nemours, Inc.
Associated British Foods plc
Koninklijke DSM N.V.
Novozymes
Chr. Hansen A/S
Brenntag Asia Pacific Pte Ltd
Kerry Group PLC
Jiangsu Boli Bioproducts Co Ltd.
Biocatalysts Ltd.
Puratos Group


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