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Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Global Food Enzymes Market is segmented By Type (Carbohydrase, Protease, Lipase, and Others), By Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat, Poultry and Sea Food Products, Beverages, and Others) and By Geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
4.78 %
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Market Overview
The global food enzymes market is forecasted to grow at a CAGR of 4.78% during the forecast period (2020 - 2025).
- 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 centers 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
The global food enzymes market is segmented by type into carbohydrase, protease, lipase, and others. Based on the application, the market is divided into the bakery, confectionery, dairy, and frozen desserts, meat, poultry, and seafood 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 Type | |
| Carbohydrase | |
| Protease | |
| Lipase | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry and Sea Food Products | |
| Beverages | |
| Others |
| Geography | |||||||||
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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 that 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 levels 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
The global food enzyme market is fragmented attributed to a large number of players involved in the market. Active companies involved 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.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Carbohydrase
5.1.2 Protease
5.1.3 Lipase
5.1.4 Others
5.2 By Application
5.2.1 Bakery
5.2.2 Confectionery
5.2.3 Dairy and Frozen Desserts
5.2.4 Meat, Poultry and Sea Food Products
5.2.5 Beverages
5.2.6 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Kerry Group plc.
6.4.2 DuPont de Nemours, Inc.
6.4.3 Koninklijke DSM N.V.
6.4.4 Chr. Hansen Holding A/S
6.4.5 Jiangsu Boli Bioproducts Co., Ltd.
6.4.6 ENMEX S.A. de C.V.
6.4.7 Novozymes A/S
6.4.8 Associated British Foods plc
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
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