Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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 (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts for the food enzymes market in value (USD million) for all the above segments.

Food Enzymes Industry Overview

Food Enzymes Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.84 %

Major Players

Food Enzymes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Food Enzymes Market Analysis

The global food enzymes market is forecasted to grow at a CAGR of 4.84% during the forecast period (2022 - 2027).

Due to the COVID-19 outbreak, lockdowns across the world and continuing restrictions disrupted the supply chain creating challenges for manufacturers in the Food Enzymes market. Intense competition, pricing issues, and shifting consumer preferences is driving the market . The food enzyme market is growing amid COVID-19 because it is being used for various purposes like in the baking industry, fruit juice & cheese manufacturing, and brewing industries, etc.

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 drives 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.

Food Enzymes Industry Segments

Food enzymes are often used for food processing owing to their multiple benefits, which include enhancement of texture, flavor & fragrance, preservation, coagulation, and tenderization. The global food enzymes market is segmented by type into carbohydrase, protease, lipase, and others. Based on the application, the market is divided into bakery, confectionery, dairy, frozen desserts, meat, poultry, seafood products, beverages, and other industries. The study also covers the global level analysis of the major regions of North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report offers the market size and forecasts for the food enzymes market in value (USD million) for all the above segments.

By Type
Carbohydrase
Protease
Lipase
Others
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
United Kingdom
Germany
France
Italy
Spain
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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Food Enzymes Market Trends

This section covers the major market trends shaping the Food Enzymes Market according to our research experts:

Increase of Food Enzyme Usage in Bakery and beverage industries

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 on the use of chemical additives, especially in the manufacture of bread and other fermented products.

The beverage segment comprises food enzyme application in alcoholic and non-alcoholic beverages, with carbohydrase and lipase as the major categories of enzymes. Additionally, in the segment, enzymes provide three major functions- formation of sugar that is used during fermentation, viscosity control, and chill-proofing for beer. In the brewing industry, the major enzymes used include cellulose, alpha-amylase, and beta-glucanase for the liquefaction, clarification, and supplementing of malt enzymes. Some of the key benefits of brewing enzymes include better malt separation, extraction yield, and beer filtration and stabilization.

Food Enzymes Market: Usage of Enzyme in Different Sectors, In Share, 2020

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 in enzyme production and consumption at the regional and global levels, attributed to increased expenditure on premium quality products and consumer preference for processed foods incorporated with naturally sourced ingredients. The United States is the market leader in enzyme production and consumption in the North American region, followed by Mexico. The great demand is attributed to the increased expenditure on premium quality products by the consumers of the United States, along with the shift in preference for processed foods incorporated with naturally sourced ingredients. Technological innovation and up-gradation are other key driving factors for market growth in the country. In addition, rapid urbanization coupled with rising living standards is also anticipated to be the driver for change in consumer taste and preferences in the United States.

Food Enzyme Market: Market Share (%), by Region, Global, 2021

Food Enzymes Market Competitor Analysis

The global food enzyme market is fragmented, attributed to a large number of players involved in the market. Active companies are involved in new product development, expansion, and acquisition to sustain the market competition. Some 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 strong sales. The major players in the market are Royal DSM, Kerry Inc, Dupont de Numerous, etc.

Food Enzymes Market Top Players

  1. Kerry Inc.

  2. Chr. Hansen Holding A/S

  3. Jiangsu Boli Bioproducts Co., Ltd.

  4. DuPont de Nemours, Inc

  5. Royal DSM

*Disclaimer: Major Players sorted in no particular order

Food Enzymes Market Concentration

Food Enzymes Market Recent Developments

  • In December 2020, DuPont has launched Versilk, the latest in its range of enzymes to help yogurt and beverage manufacturers achieve optimal texture and taste in high-protein yogurts, drinkable dairy products, and other drinkable fermented products.
  • In November 2020, Royal DSM, launched its new Maxilact® Super lactase enzyme. DSM’s leading portfolio of Maxilact® lactases, Maxilact® Super enables dairy manufacturers to create high-quality, clean-tasting lactose-free and sugar-reduced dairy, is also helping to cut hydrolysis time by 33% and achieve optimal production efficiency.
  • In September 2019, DuPont Nutrition & Biosciences launched its DuPont™ Danisco® POWERPasta™ range of enzymes, the latest solution for customers in the rapidly expanding global pasta sector.

Food Enzymes Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & 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 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 By Type

      1. 5.1.1 Carbohydrase

      2. 5.1.2 Protease

      3. 5.1.3 Lipase

      4. 5.1.4 Others

    2. 5.2 By 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

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Kerry Group plc.

      2. 6.4.2 DuPont de Nemours, Inc.

      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 S.A. de C.V.

      7. 6.4.7 Novozymes A/S

      8. 6.4.8 Associated British Foods plc

      9. 6.4.9 Biocatalyst ltd

      10. 6.4.10 Puratos group

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

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
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Food Enzymes Market Research FAQs

The Food Enzymes Market is studied from 2018 - 2028.

The Food Enzymes Market is growing at a CAGR of 4.84% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Kerry Inc., Chr. Hansen Holding A/S, Jiangsu Boli Bioproducts Co., Ltd., DuPont de Nemours, Inc, Royal DSM are the major companies operating in Food Enzymes Market.

Food Enzymes Industry Reports

In-depth industry statistics and market share insights of the Food Enzymes sector for 2020, 2021, and 2022. The Food Enzymes research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Food Enzymes report PDF.

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