Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 4.61 % |
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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 |
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.
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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.
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
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Carbohydrase
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5.1.2 Protease
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5.1.3 Lipase
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5.1.4 Others
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5.2 Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy and Frozen Desserts
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5.2.4 Meat Poultry and Sea Food Products
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5.2.5 Beverages
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Kerry Group plc
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6.3.2 DuPont de Nemours, Inc
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6.3.3 Koninklijke DSM N.V
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6.3.4 Chr. Hansen Holding A/S
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6.3.5 Novozymes A/S
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6.3.6 ABF Ingredients
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6.3.7 Codexis, Inc
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6.3.8 Puratos Group
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Canada Food Enzymes Market market is studied from 2016 - 2026.
What is the growth rate of Canada Food Enzymes Market?
The Canada Food Enzymes Market is growing at a CAGR of 4.61% over the next 5 years.
Who are the key players in Canada Food Enzymes Market?
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.
