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

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


Market Overview:

The global food enzymes market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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
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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?


1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Food Enzymes Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Type
5.5Market Breakup by Source
5.6Market Breakup by Formulation
5.7Market Breakup by Application
5.8Market Breakup by Region
5.9Market Forecast
6 Market Breakup by Type
6.1Carbohydrase
6.1.1Market Trends
6.1.2Major Types
6.1.2.1Amylase
6.1.2.2Cellulase
6.1.2.3Lactase
6.1.2.4Pectinase
6.1.2.5Others
6.1.3Market Forecast
6.2Protease
6.2.1Market Trends
6.2.2Market Forecast
6.3Lipase
6.3.1Market Trends
6.3.2Market Forecast
6.4Others
6.4.1Market Trends
6.4.2Market Forecast
7 Market Breakup by Source
7.1Microorganisms
7.1.1Market Trends
7.1.2Market Forecast
7.2Plants
7.2.1Market Trends
7.2.2Market Forecast
7.3Animals
7.3.1Market Trends
7.3.2Market Forecast
8 Market Breakup by Formulation
8.1Powder
8.1.1Market Trends
8.1.2Market Forecast
8.2Liquid
8.2.1Market Trends
8.2.2Market Forecast
8.3Others
8.3.1Market Trends
8.3.2Market Forecast
9 Market Breakup by Application
9.1Beverages
9.1.1Market Trends
9.1.2Market Forecast
9.2Processed Foods
9.2.1Market Trends
9.2.2Market Forecast
9.3Dairy Products
9.3.1Market Trends
9.3.2Market Forecast
9.4Bakery Products
9.4.1Market Trends
9.4.2Market Forecast
9.5Confectionery Products
9.5.1Market Trends
9.5.2Market Forecast
9.6Others
9.6.1Market Trends
9.6.2Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1Market Trends
10.1.2Market Forecast
10.2Europe
10.2.1Market Trends
10.2.2Market Forecast
10.3Asia Pacific
10.3.1Market Trends
10.3.2Market Forecast
10.4Middle East and Africa
10.4.1Market Trends
10.4.2Market Forecast
10.5Latin America
10.5.1Market Trends
10.5.2Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1DuPont de Nemours, Inc.
15.3.2Amway
15.3.3BASF
15.3.4DSM
15.3.5Novozymes
15.3.6Chr. Hansen
15.3.7Kerry Group
15.3.8Biocatalysts
15.3.9Puratos 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.

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