Food Enzymes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Food Enzymes Market
The food enzymes market size was valued at USD 1.69 billion in 2019, and the market is now projected to USD 3.24 billion by 2032, exhibiting a CAGR of 5.34% during the forecast period of 2020-2032.
The world economic position growth projections as reported by the International Monetary Fund are negative due to the market disruption by the COVID-19 pandemic. Recently, a coalition of food giants has tied up with several academics, NGOs, farming associations, and other industrial groups in the recreation of making food systems flexible. Conversely, the supply-demand shock has culminated in disruption of 8-10% in the global foodstuff ingredients and additives sector. Simultaneously, the food enzymes market growth has witnessed a significant drag in its consumption pattern caused by the pandemic.
The food enzymes market share globally has increased because of the rising requirement for bio-based processed food & beverages. Reagents are produced by various microorganisms, plants, animals, and have a range of benefits over synthetic chemicals in product processing as well as for human consumption. The constant adoption of catalysts results in many advantages that cannot be obtained through a traditional chemical treatment. These comprise higher product quality, lower manufacturing rate, less wastage, and lessen energy consumption. Conventional synthetic-chemical treatments are usually non-specific, hard to control, and may possibly make uneven conditions.
The trend is proactive ingredients and additives transformation towards clean-labeled states derived from consumer preferences. There is a significant change in consumer inclinations from chemical ingredients to natural for minimally processed food products. The shift is caused by the growing awareness of adverse health effects on consumption of synthetic ingredients and additives. This emerging development has led to the increasing adoption of organic items in the processed food systems by manufacturers. This market fits well with the ongoing drift of natural ingredients and reduces the cost of the overall processing. The market is expected to witness robust growth as a result of their wide utilization in a myriad of food matrices with respect to synthetic chemicals.
Comprehensive Analysis of Food Enzymes Market
The food enzymes market and food & beverages industry is increasing at an exponential rate because of its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the food & beverages industry. These segmentations are methodically divided into types of source, type, and application. The sources include microbes, plants, and animals. The types contain carbohydrases, proteases, lipases, and others. The applications involve bakery, dairy, beverages, nutraceuticals and other processed foods.
The North American region is conducive to the global food enzymes market, leading to a recall of USD 618.50 million because of the rising consumption of naturally sourced ingredients and the mounting perception amid end users that natural additives are healthy & safe is fueling the market growth.
The top players in the market play a crucial role in the food & beverages industry assuring industrial prospectus growth and setting market standards. These players include Novozymes (Denmark), Amano Enzymes, Inc. (China), AB Enzymes (Germany), DuPont (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Koninklijke DSM N.V. (Netherlands), Chr. Hansen Holding A/S (Denmark), BASF SE (Germany), Nutritech Enzymes (Finland), and Biocatalysts (UK), these market players provide a level-playing competitive landscape.
In June 2021, IFF, Inc., launched a ground-breaking lactase Nurica that generates GOS fiber and lactose-free dairy products. The catalytic agent offers a high quality product to fulfill consumer health needs while increasing profitability.
Segmentation Table
Global Food Enzymes Market Scope
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
SegmentationBy Source
Microbes
Plants
Animals
By Type
Carbohydrases
Proteases
Lipases
Others
By Application
Bakery
Dairy
Beverages
Nutraceuticals
Other Processed Foods
By Region
North America (U.S., Canada, and Mexico)
Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
South America (Brazil, Argentina, and the Rest of South America)
The Middle East & Africa (South Africa, UAE, and the Rest of the MEA)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Source Launches, and Mergers & Acquisitions
- 5. Global Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Source
- 5.2.1.1. Microbes
- 5.2.1.2. Plants
- 5.2.1.3. Animals
- 5.2.2. By Type
- 5.2.2.1. Carbohydrases
- 5.2.2.2. Proteases
- 5.2.2.3. Lipases
- 5.2.2.4. Others
- 5.2.3. By Application
- 5.2.3.1. Bakery
- 5.2.3.2. Dairy
- 5.2.3.3. Beverages
- 5.2.3.4. Nutraceuticals
- 5.2.3.5. Other Processed Foods
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Source
- 6.2.1.1. Microbes
- 6.2.1.2. Plants
- 6.2.1.3. Animals
- 6.2.2. By Type
- 6.2.2.1. Carbohydrases
- 6.2.2.2. Proteases
- 6.2.2.3. Llipases
- 6.2.2.4. Others
- 6.2.3. By Application
- 6.2.3.1. Bakery
- 6.2.3.2. Dairy
- 6.2.3.3. Beverages
- 6.2.3.4. Nutraceuticals
- 6.2.3.5. Other Processed Foods
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.2. Canada
- 6.2.4.3. Mexico
- 7. Europe Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Source
- 7.2.1.1. Microbes
- 7.2.1.2. Plants
- 7.2.1.3. Animals
- 7.2.2. By Type
- 7.2.2.1. Carbohydrases
- 7.2.2.2. Proteases
- 7.2.2.3. Lipases
- 7.2.2.4. Others
- 7.2.3. By Application
- 7.2.3.1. Bakery
- 7.2.3.2. Dairy
- 7.2.3.3. Beverages
- 7.2.3.4. Nutraceuticals
- 7.2.3.5. Other Processed Foods
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.2. France
- 7.2.4.3. Italy
- 7.2.4.4. U.K.
- 7.2.4.5. Spain
- 7.2.4.6. Russia
- 7.2.4.7. Rest of Europe
- 8. Asia Pacific Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Source
- 8.2.1.1. Microbes
- 8.2.1.2. Plants
- 8.2.1.3. Animals
- 8.2.2. By Type
- 8.2.2.1. Carbohydrases
- 8.2.2.2. Proteases
- 8.2.2.3. Lipases
- 8.2.2.4. Others
- 8.2.3. By Application
- 8.2.3.1. Bakery
- 8.2.3.2. Dairy
- 8.2.3.3. Beverages
- 8.2.3.4. Nutraceuticals
- 8.2.3.5. Other Processed Foods
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. Australia
- 8.2.4.5. Rest of Asia Pacific
- 9. South America Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Source
- 9.2.1.1. Microbes
- 9.2.1.2. Plants
- 9.2.1.3. Animals
- 9.2.2. By Type
- 9.2.2.1. Carbohydrases
- 9.2.2.2. Proteases
- 9.2.2.3. Lipases
- 9.2.2.4. Others
- 9.2.3. By Application
- 9.2.3.1. Bakery
- 9.2.3.2. Dairy
- 9.2.3.3. Beverages
- 9.2.3.4. Nutraceuticals
- 9.2.3.5. Other Processed Foods
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.2. Argentina
- 9.2.4.3. Rest of South America
- 10. Middle East & Africa Food Enzymes Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Source
- 10.2.1.1. Microbes
- 10.2.1.2. Plants
- 10.2.1.3. Animals
- 10.2.2. By Type
- 10.2.2.1. Carbohydrases
- 10.2.2.2. Proteases
- 10.2.2.3. Llipases
- 10.2.2.4. Others
- 10.2.3. By Application
- 10.2.3.1. Bakery
- 10.2.3.2. Dairy
- 10.2.3.3. Beverages
- 10.2.3.4. Nutraceuticals
- 10.2.3.5. Other Processed Foods
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.2. UAE
- 10.2.4.3. Saudi Arabia
- 10.2.4.4. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Food Enzymes Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2019
- 12. Company Profiles
- 12.1. Novozymes
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Source Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. DuPont
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Source Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. F. Hoffmann-La Roche Ltd.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Source Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. AB Enzymes
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Source Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Koninklijke DSM N.V.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Source Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Chr. Hansen Holding A/S
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Source Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. BASF SE
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Source Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Nutritech Enzymes
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Source Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Amano Enzymes, Inc.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Source Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Biocatalysts
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Source Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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