US Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Food Enzymes Market Analysis
The US food enzymes market is projected to record a CAGR of 5.8% during the forecast period.
- Food enzyme manufacturers are expecting an increased demand from food manufacturers to preserve the freshness, safety, taste, appearance, and texture of processed foods.
- Industrial food enzymes provide eco-friendly products to consumers, with no compromise in terms of quality of the end products. The functional attributes of food enzymes, such as digestive, softening, and anti-staling, are the key factors driving the food enzyme market growth.
- Hence, the processed food demand growth, owing to food retail chains' growth and convenience, has invariably helped the increase in the demand for enzyme application.
US Food Enzymes Market Trends
This section covers the major market trends shaping the US Food Enzymes Market according to our research experts:
Rising Demand for Specialty Food Ingredients
Consumers in the United States are leaning toward healthy food ingredients in their food products owing to the prevalence of obesity and diabetes in the country, which induces the consumers to focus on an improved lifestyle. For that reason, manufacturers are acquiring native players to cater to consumers with hale and hearty ingredients. Functional food ingredients are the dominant specialty ingredients that are used in a wide range of applications and are growing at a robust pace in the US market. The high demand for functional food products, due to their fortified, enriched, or enhanced food qualities, is ultimately leading to the high demand for these ingredients in the US market.
Bakery is the Fastest Growing Segment
The market value of enzymes is increasing rapidly because of the increasing population and the consequent increasing consumption of processed foods. Enzymes are an important ingredient used in most bakery products. Recently, enzymes have assumed an even greater role in baking, due to the restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. These enzymes when added to the dough, improve the control on the baking process, allowing the use of different baking processes, reducing process time, slowing-down staling, compensating for flour variability, and substituting chemical additives.
US Food Enzymes Industry Overview
he US food enzymes market is fragmented, owing to a large number of players involved in the market. The active companies are involved in new product development, expansion, merger and acquisition, and partnership to sustain the market competition. The key players in the market are Kerry Group, DuPont, Novozymes, Koninklijke DSM NV, and Amano Enzymes Inc.
US Food Enzymes Market Leaders
Kerry Group
DuPont de Nemours, Inc.
Koninklijke DSM N.V.
Novozymes
Amano Enzymes Inc.
*Disclaimer: Major Players sorted in no particular order
US Food Enzymes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Carbohydrases
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5.1.2 Proteases
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5.1.3 Lipases
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5.1.4 Other Types
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5.2 Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy and Frozen Desserts
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5.2.4 Meat, Poultry, and Seafood Products
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5.2.5 Beverages
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 DuPont de Nemours Inc.
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6.3.2 Koninklijke DSM NV
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6.3.3 Novozymes
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6.3.4 Kerry Group
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6.3.5 Amano Enzymes Inc.
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6.3.6 AB Enzymes
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6.3.7 Chr. Hansen Holding AS
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6.3.8 Engrain
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Food Enzymes Industry Segmentation
The US food enzymes market is segmented by type that includes carbohydrases, proteases, lipases and other types. Based on application, the market is segmented into bakery, confectionery, dairy and frozen desserts, meat, poultry, and seafood products, beverages, and other applications.
| Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry, and Seafood Products | |
| Beverages | |
| Other Applications |
US Food Enzymes Market Research FAQs
What is the current US Food Enzymes Market size?
The US Food Enzymes Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in US Food Enzymes Market?
Kerry Group, DuPont de Nemours, Inc., Koninklijke DSM N.V., Novozymes and Amano Enzymes Inc. are the major companies operating in the US Food Enzymes Market.
What years does this US Food Enzymes Market cover?
The report covers the US Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Food Enzymes Industry Report
Statistics for the 2024 US Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US 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.
