Australia Food Enzyme Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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Market Insight

The Australian food enzyme market is expected to register a CAGR of 6.8% during the forecast period of  2017-2022. The key factors driving the studied market are - Innovations in food technology in the country and the growing awareness about the betterment of product quality when enzymes are used.

Restricted Range of Optimal Temperature and pH Levels is Constraining the Market’s Growth

Industrial food enzymes provide environment-friendly products to consumers, with no compromise in terms of quality of the end products. One of the major drivers of the food enzyme market is the use of food enzymes for fermentation, as the food & beverage industry offers a variety of fermented foods, such as, yogurt, tempeh, bread, and beverages (such as, alcoholic drinks, etc.).

The rate of enzymatic reactions is strongly influenced by the environment, temperature, and pH levels. Maintaining an optimum level of temperature and pH levels are very important in the production process. These restrictions on temperature and pH levels may lead to higher input costs and cover up any possible losses in case of faulty production. Consequently, this gives an upper hand to major players with significant financial support, as opposed to new players.

Wide Range of Applications in the Beverage Segment is Likely to Drive the Market’s Growth   

By type, the Australian food enzyme market can be segmented into lipases, carbohydrases, proteases, and other types. The market was led by the carbohydrases segment, and is likely to register a CAGR of 6.7% during the forecast period. By application, the beverage segment is likely to register a CAGR of 7.2% during the forecast period, especially because of its utilization in brewing industry.

Competitive Landscape

The Australian food enzyme market is concentrated among major international players, while the domestic players still face tough competition while gaining market share. Novozyme, DSM, DuPont, AB Enzyme, and Kerry Group are the dominant players in the market studied. Obtaining approvals for the use of enzymes in food products is the major factor affecting the companies. New product launch is the key strategy adopted by most of the players, to gain market share in the Australian food enzyme industry.

  • DSM’s Maxilact® targets reduction in sugar level in dairy products, such as flavored milks and sugared yogurts, by up to 20%, along with a clean, fresh taste and no off-flavors.

What does the report offer?

  • Analysis of the outlook of the market, with the recent trends and Porter’s five forces analysis.
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market studied over the forecast period.
  • Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
  • Global-, regional-, and country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development during the past five years.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
  • Three months analyst support, along with a Market Estimate Sheet (in Excel).

Customization of the Report

  • Value chain analysis
  • Consumer behavior analysis

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definition

2. Research Approach and Methodology

2.1 Introduction

2.2 Research Designs

2.3 Study Timelines

2.4 Study Phases

2.4.1 Secondary Research

2.4.2 Discussion Guide

2.4.3 Market Engineering and Econometric Modelling

2.4.4 Expert Validation

3. Market Insights

3.1 Market Overview

3.2 Market Trends

4. Market Dynamics

4.1 Drivers

4.1.1 Demand for Processed Foods

4.1.2 Innovations in Food Technology

4.2 Constraints

4.2.1 Restricted Range of Optimal Temperature and pH Levels

4.2.2 Rigid Regulatory Policies

4.3 Opportunities

4.3.1 Penetration of Organized Retail Sector

4.3.2 Growing Demand for Natural and Nutraceutical Ingredients

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5. Market Segmentation

5.1 By Type

5.1.1 Carbohydrases

5.1.2 Proteases

5.1.3 Lipases

5.1.4 Other Types

5.2 By Application

5.2.1 Bakery

5.2.2 Beverage

5.2.3 Dairy

5.2.4 Oil & Fat

5.2.5 Meat & Seafood

5.2.6 Other Applications

6. Competitive Landscape

6.1 Most Active Companies

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

7. Company Profiles    

7.1 DuPont-Danisco

7.2 Puratos

7.3 Kerry group

7.4 Deltagen.

7.5 Biocatalyst Ltd

7.6 Novozymes

7.7 Royal DSM   

7.8 Chr. Hansen

7.9 AB Enzymes     

7.10 Connell Bros Company Ltd

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