Canada Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Canada Food Enzymes Market is segmented by Type (Carbohydrase, Protease, Lipase, and Others) and Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages, and Others)

Market Snapshot

Canada Food Enzymes Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.61 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Canada food enzymes market is projected to grow at a CAGR of 4.61% during the forecast period (2020 - 2025).

  • 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.
  • Apart from these reasons, the increasing penetration of organized retail in urban and rural centers globally seem to drive the need for food enzymes. The key restrains the market faces is in terms of the unclear regulatory process and high Research and development costs.

Scope of the report

The market is segmented based on type which includes carbohydrase, protease, lipase, and others. Moreover, by application the market covers bakery, confectionery, dairy and frozen desserts, meat poultry and seafood products, beverages, and others.

Type
Carbohydrase
Protease
Lipase
Others
Application
Bakery
Confectionery
Dairy and Frozen Desserts
Meat Poultry and Sea Food Products
Beverages
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

Bakery Enzymes Drive the Market

Bakery products, due to their significant nutrient value and affordability, are consumed on a high scale. The demand for baked goods in Canada has moved from the traditional bread consumption trend to the increasing consumption of bakery goods, such as pancakes, cupcakes, croissants, and rolls. This, in turn, has surged the demand Associated ingredients including bakery enzymes. Food enzymes are used as an invaluable aid in the production of bakery items, such as bun, bread, cake, biscuit, and others. Food enzymes offer several benefits to food processors during the production process, in terms of quality, yield, and time, making it highly desirable for manufacturers to incorporate bakery enzymes in the formulation.

Canada Food Enzymes Market1

Carbohydrases Held the Largest Market Share

With extensive use of enzymes like amylase, cellulase, xylanase, and pectinase, in diversified applications, the category Carbohydrases emerged as the most preferred enzyme by food manufacturers. Nonetheless, the enzyme also facilitates the production of growing several sugar substitutes and conventional sugars syrups such as glucose, fructose, and inverted sugar syrups, and prebiotics. Beverage manufacturers are progressively using carbohydrases in beverages in order to improve the sensory properties of juices and wines and to reduce lactose in milk.

Canada Food Enzymes Market2

Competitive Landscape

Canada food enzyme market is highly fragmented owing to numerous players present at the regional and country levels. Some of the players who have been profiled in this report include ABF Ingredients, Novozymes, Kerry Inc., Tate & Lyle among others. The market sees opportunities for growth in the country as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Carbohydrase

      2. 5.1.2 Protease

      3. 5.1.3 Lipase

      4. 5.1.4 Others

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Dairy and Frozen Desserts

      4. 5.2.4 Meat Poultry and Sea Food Products

      5. 5.2.5 Beverages

      6. 5.2.6 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Kerry Group plc

      2. 6.3.2 DuPont de Nemours, Inc

      3. 6.3.3 Koninklijke DSM N.V

      4. 6.3.4 Chr. Hansen Holding A/S

      5. 6.3.5 Novozymes A/S

      6. 6.3.6 ABF Ingredients

      7. 6.3.7 Codexis, Inc

      8. 6.3.8 Puratos Group

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Canada Food Enzymes Market market is studied from 2016 - 2026.

The Canada Food Enzymes Market is growing at a CAGR of 4.61% over the next 5 years.

DuPont de Nemours, Inc. , Koninklijke DSM N.V. , Chr. Hansen Holding A/S , Kerry Group plc are the major companies operating in Canada Food Enzymes Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!