Europe Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Food Enzymes Market is forecasted to grow at a CAGR of 8.1% during the forecast period.

Key Highlights

• The genetically modified enzymes are usually associated with health effects; in the long-term, this has resulted in a setback for the growth of the industry. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products treated with GM enzymes.
• The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Food enzymes are major food additives that convert complex molecules into simpler ones in our diet.

Key Market TrendsGermany has the Largest Market Share

The German national diet is very diverse and is one of Europe’s largest food and beverage markets. Increasing health awareness, an aging population, and the resulting demand for health and wellness products are driving the market for food enzymes in Germany. The German food enzyme market s expected to grow to USD 136.6 million by 2020.

Bakery has the Highest Usage of Enzymes among all the Applications

Europe's enzymes market value is increasing rapidly because of the increasing population and the consequent increasing consumption of processed foods. Enzymes are an important ingredient used in most bakery products. Recently enzymes have assumed an even greater role in baking, due to the restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. The application of enzymes in dairy technology is well established. Rennets are used for proteases of various kinds, for acceleration of cheese ripening and for modification of functional properties.

Competitive Landscape

Some of the major players in the market are DuPont, Kerry Inc. MetGen, AST Enzymes and AB Enzymes. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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