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South America Food Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America 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.

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Market Snapshot

South America Food Enzymes Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 7.2 %

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Market Overview

South America Food Enzymes Market is projected to grow at a CAGR of 7.2% during the forecast period 2020-2025.

  • The growing demand for processed foods and increasing health consciousness in the people is driving the food & beverages industry which in turn is driving the food enzymes market. Food enzymes are a major food additives which convert complex molecules in to simpler ones in our diet.
  • Furthermore, the rising disposable incomes, demand for convenience foods and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. High meat consumption in the South American countries requires increased market for digestive enzymes.

Scope of the report

South America 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 regional level analysis of the major countries, which includes Brazil, Columbia, and rest of South America.

By Type
Carbohydrase
Protease
Lipase
Others
By Application
Bakery
Confectionery
Dairy and Frozen Desserts
Meat, Poultry and Sea Food Products
Beverages
Others
By Geography
Brazil
Columbia
Rest of South America

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Key Market Trends

Rising Consumption of Processed Food

A rapidly rising population and greater levels of urbanization have boosted demand for processed food products in the region, thus driving the demand for food enzymes in South America. Food ingredient manufacturers are looking at developing markets of the region as a new market space and introducing products the consumers are not aware of. Currently, basic infrastructure facilities, such as food processing infrastructure, transportation, cold chain, and unreliable power supplies are growing, which are boosting the food processing and enzymes market in the region.

south america food enzymes market

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Bakery holds a Prominent Share in the Market Studied

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 South American countries. Columbia is the fastest-growing country for bakery foods, followed by Argentina and Chile. In Argentina, 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.

south america food enzymes market

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Competitive Landscape

Some of the players who have been profiled in this South America Food Enzymes report include AB Enzymes, Novozymes, Cargill Inc, Kerry Group, Chr. Hansen among others. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.

South America Food Enzymes Market.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Columbia

      3. 5.3.3 Rest of South America

  6. 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 Cargill Inc

      2. 6.4.2 Kerry Group

      3. 6.4.3 Danisco

      4. 6.4.4 ADM

      5. 6.4.5 Novozymes

      6. 6.4.6 DSM

      7. 6.4.7 Chr. Hansen

      8. 6.4.8 AB Enzymes

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The South America Food Enzymes Market market is studied from 2016 - 2026.

The South America Food Enzymes Market is growing at a CAGR of 7.2% over the next 5 years.

Kerry Group, DSM, Chr. Hansen, AB Enzymes are the major companies operating in South America Food Enzymes Market.

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