Global Food Enzymes Market 2024-2028

Global Food Enzymes Market 2024-2028

The food enzymes market is forecasted to grow by USD 991.8 mn during 2023-2028, accelerating at a CAGR of 6.45% during the forecast period. The report on the food enzymes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from the beverage industry, a rise in awareness about healthy and nutritional food, and high demand for food enzymes from the dairy industry.

Technavio's food enzymes market is segmented as below:

• By Application
• Processed foods
• Beverages
• Animal feed and poultry
• Dairy
• Bakery
• By Product
• Carbohydrases
• Protease
• Lipase
• Others
• By Geography
• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the product innovations as one of the prime reasons driving the food enzymes market growth during the next few years. Also, capacity expansions and new plants and rising consumer focus on health, wellness, and natural products will lead to sizable demand in the market.

The report on the food enzymes market covers the following areas:

• Food enzymes market sizing
• Food enzymes market forecast
• Food enzymes market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food enzymes market vendors that include Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Archer Daniels Midland Co., Associated British Foods Plc, Aum Enzymes, BASF SE, Chr Hansen Holding AS, DuPont de Nemours Inc., Dyadic International Inc., Jiangsu Boli Bioproducts Co. Ltd., Koninklijke DSM NV, Lumis Biotech Pvt. Ltd., Maps Enzymes Ltd., Nagase and Co. Ltd., Noor Enzymes Pvt. Ltd., Novozymes AS, Puratos Group NV, Sunson Industry Group Co. Ltd., VTT Technical Research Centre of Finland Ltd., and BRAIN Biotech AG. Also, the food enzymes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.