Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

8.0%

Key Players:

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Food Enzymes Market

Global food enzymes market is forecasted to grow at a CAGR of 8% during the forecast period (2019-2024).

The demand for packaged and processed 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 the nutritional content intact and maintain the shelf life.
Apart from this, the increasing penetration of organized retail in urban and rural centres globally drive the food enzymes market. The environment-friendly production process, waste reduction and energy saving in the food industry, and increased demand in food and feed industries are driving the market.

Scope of the Report

Global food enzymes market offers a range of enzymes applicable to bakery, confectionery, dairy and frozen desserts, meat poultry and sea food products, beverages, and other industries. The study also covers the global level analysis of the major regions North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

By Application
		Bakery
		Confectionery
		Dairy and Frozen Desserts
		Meat Poultry and Sea Food Products
		Beverages
		Others

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	South Africa
	United Arab Emirates
	Rest of Middle East and Africa

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Key Market Trends

Increase of Food Enzyme Usage in Bakery Applications

Bakery products consist of several products like bread, pastries, doughnuts and rolls. Food enzymes act as a catalyst for biochemical reactions which offer quality improvements in bakery products. The bakery is the largest application market for food enzymes. Bakery products are prominent in North America and Western Europe. Asia-Pacific is the fastest growing region for bakery foods, with Australia, India and China being the main drivers. In Australia, there is an increase in demand for Food enzymes in bakery applications due to restrictions in the use of chemical additives, especially in the manufacture of bread and other fermented products.

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North America Emerges as the Market Leader

North America is the largest market for enzyme applications in food industries. High consumption of meat and meat products in the region is one of the key factors augmenting the food enzymes market. The United States is the market leader of enzyme production and consumption at the regional and global level attributed to increased expenditure in premium quality products and consumer preference for processed foods incorporated with naturally sourced ingredients.

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Competitive Landscape

Global food enzymes market is fragmented attributed to a large number of players involved in the market. Active companies involve in new product development, expansion and acquisition, to sustain with the market competition. Some of the major players are expanding their global presence by acquiring manufacturers in foreign countries. While companies such as DuPont, are investing in marketing and branding to increase their product promotion and achieve a strong sale.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 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. MARKET SEGMENTATION
1. 5.1 By Application
  1. 5.1.1 Bakery
  2. 5.1.2 Confectionery
  3. 5.1.3 Dairy and Frozen Desserts
  4. 5.1.4 Meat Poultry and Sea Food Products
  5. 5.1.5 Beverages
  6. 5.1.6 Others
2. 5.2 Geography
  1. 5.2.1 North America
    1. 5.2.1.1 United States
    2. 5.2.1.2 Canada
    3. 5.2.1.3 Mexico
    4. 5.2.1.4 Rest of North America
  2. 5.2.2 Europe
    1. 5.2.2.1 Spain
    2. 5.2.2.2 United Kingdom
    3. 5.2.2.3 Germany
    4. 5.2.2.4 France
    5. 5.2.2.5 Italy
    6. 5.2.2.6 Russia
    7. 5.2.2.7 Rest of Europe
  3. 5.2.3 Asia Pacific
    1. 5.2.3.1 China
    2. 5.2.3.2 Japan
    3. 5.2.3.3 India
    4. 5.2.3.4 Australia
    5. 5.2.3.5 Rest of Asia-Pacific
  4. 5.2.4 South America
    1. 5.2.4.1 Brazil
    2. 5.2.4.2 Argentina
    3. 5.2.4.3 Rest of South America
  5. 5.2.5 Middle East and Africa
    1. 5.2.5.1 South Africa
    2. 5.2.5.2 United Arab Emirates
    3. 5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Most Active Companies
2. 6.2 Most Adopted Strategies
3. 6.3 Market Share Analysis
4. 6.4 Company Profiles
  1. 6.4.1 Kerry Inc.
  2. 6.4.2 DuPont
  3. 6.4.3 Koninklijke DSM N.V.
  4. 6.4.4 Chr. Hansen Holding A/S
  5. 6.4.5 Jiangsu Boli Bioproducts Co., Ltd.
  6. 6.4.6 ENMEX
  7. 6.4.7 ABF Ingredients
  8. 6.4.8 Novozymes
7. MARKET OPPORTUNITIES AND FUTURE TRENDS