North America Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Food Enzymes Market Analysis
The North America food enzymes market is forecasted to grow at a CAGR of 4.2% during the forecast period (2020 - 2025).
- The market is majorly driven by the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry. New food enzymes applications in markets such as protein fortification are expected to prompt growth for food enzymes market and create lucrative opportunities for industry participants.
- Furthermore, innovation in food technology in the region, extensive R&D investment and the growing awareness about better-quality products being manufactured by utilizing enzymes, are further driving the market. For instance, genetically modified organism strain is produced using food enzymes originating and sourced from micro-organisms with the help of technological upgradation. These strains that are obtained, are expected to function in adverse conditions and improve efficiency, thus augmenting the food enzyme market growth and yield opportunities for industry players.
North America Food Enzymes Market Trends
This section covers the major market trends shaping the North America Food Enzymes Market according to our research experts:
Acquisitive Demand of Food Enzymes in Beverage Industries
Enzymes have witnessed significant growth in the beverage industries and have been believed to be a boon to the beverage industry, as the reactions they catalyze are indispensable for the latter finial product. The beverage segment comprises of 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.
United States To Drive The Food Enzymes Market in US
The United States is the market leader of enzyme production and consumption in the North American region, followed by Mexico. The large demand is attributed to the increased expenditure in 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 another key driving factor 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.
North America Food Enzymes Industry Overview
The North America food enzymes market is competitive and fragmented in nature having a large number of domestic and multinational players competing for market share. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Kerry Group PLC, DuPont de Nemours Inc., Koninklijke DSM NV, AB Enzymes, Enmex, S.A. de C.V., and Amano Enzyme Inc., among others.
North America Food Enzymes Market Leaders
Kerry Group PLC
DuPont de Nemours Inc.
Koninklijke DSM NV
AB Enzymes
Enmex, S.A. de C.V.
Amano Enzyme Inc.
*Disclaimer: Major Players sorted in no particular order
North America Food Enzymes Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Deliverables and Study Assumptions
-
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 Carbohydrases
-
5.1.2 Proteases
-
5.1.3 Lipases
-
5.1.4 Other Types
-
-
5.2 By Application
-
5.2.1 Bakery
-
5.2.2 Confectionery
-
5.2.3 Dairy & Frozen Desserts
-
5.2.4 Meat Poultry and Seafood Products
-
5.2.5 Beverages
-
5.2.6 Other Applications
-
-
5.3 By Country
-
5.3.1 United States
-
5.3.2 Canada
-
5.3.3 Mexico
-
5.3.4 Rest of North America
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Adopted Strategies
-
6.2 Market Position Analysis
-
6.3 Company Profiles
-
6.3.1 Kerry Group plc
-
6.3.2 DuPont de Nemours Inc.
-
6.3.3 Koninklijke DSM NV
-
6.3.4 AB Enzymes
-
6.3.5 Enmex, S.A. de C.V.
-
6.3.6 Amano Enzyme Inc.
-
6.3.7 AG Scientific, Inc.
-
6.3.8 Ambipro Inc.
-
6.3.9 AmericanBio, Inc.
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Food Enzymes Industry Segmentation
The North America food enzymes market is segmented by type into carbohydrases, proteases, lipases, and other types; and by application into the bakery, confectionery, dairy & frozen desserts, meat poultry & seafood products, beverages, and other applications. Also, the study provides an analysis of the food enzymes market in the emerging and established markets across North America, including the United States, Canada, Mexico, and the Rest of North America.
| By Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy & Frozen Desserts | |
| Meat Poultry and Seafood Products | |
| Beverages | |
| Other Applications |
| By Country | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Enzymes Market Research FAQs
What is the current North America Food Enzymes Market size?
The North America Food Enzymes Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in North America Food Enzymes Market?
Kerry Group PLC, DuPont de Nemours Inc., Koninklijke DSM NV, AB Enzymes, Enmex, S.A. de C.V. and Amano Enzyme Inc. are the major companies operating in the North America Food Enzymes Market.
What years does this North America Food Enzymes Market cover?
The report covers the North America Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Food Enzymes Industry Report
Statistics for the 2024 North America Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Food Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
