Food Enzymes Market (2021 to 2027) – Growth, Trends, COVID-19 Impact and Forecasts

The Food Enzymes Market was valued at US$ 2.9 Bn. in 2021. The Global Food Enzymes Market size is estimated to grow at a CAGR of 7.5% over the forecast period.

Food Enzymes Market Overview:

The report explores the Food Enzymes Market’s segments (Source, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Food Enzymes Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Food Enzymes market's contemporary competitive scenario. Food Enzymes Market To know about the Research Methodology:- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Food Enzymes Market Dynamics:

The World is shifting towards Canned Food: Globally the demand for canned food is growing in the Asian continent. China and India are the highest population countries among all of the countries with an increasing number of middle-class populations with their rise in disposable income and also couples with a busy lifestyle, they contribute more to the Food Enzymes Market. Due to the food enzymes, the freshness of the end product has also increased. Advancement of biotechnology for support: For the production process of enzymes, there is a need for the advancement of biotechnology for growth in the market. There are techniques which already been tested in modern biotechnology for efficient microbes which used to be in many enzymes. Now the food enzymes market is mainly focusing on the advancement of technology because of the growing demand in every sector of the food industry. For example, AB enzymes merge with Genedata, which provides advanced software for R&D. Changes in the European food enzymes safety regulation 30% of the share is held by the European market for food enzymes market. Enzymes are inherently ingredients used for making food but earlier there is no concern related to that. Genetically microorganisms have increased inquiry on the use of enzymes in the Europe food and beverages industry.

Food Enzymes Market Segment Analysis:

Based on the Source, the Food Enzymes Market is segmented into Microbes, Animals, and Plants. Microbes are dominating the market with a 63% market share in 2021. As it plays a vital role in the food industry and also, they are more stable than plant and animal enzymes. It can be produced by fermentation techniques at a low cost and less time and its process and modifications are also very easy. Food Enzymes Market 1 Based on the Application, the Food Enzymes Market has been segmented into Beverages Processed foods, Dairy, and Bakery. The beverages segment is the highest in terms of revenue with a CAGR of 8.5% in the forecasted period. Nowadays customers are shifting toward healthier and natural diets. For the betterment of yield and quality in the beverages industry enzymes are an alternative to chemicals methods. Enzymes used for extracting fruit juices are Pectinases, Cellulases, Xylanases, etc. Improvement in taste, texture, and appearances, by use of enzymes in a natural process.

Food Enzymes Market Regional Insights:

The North American region held the largest market share accounting for 35% in 2021. The highest demand for processed food is in countries like US and Canada. Advancements in technologies for the food ingredients industry, and strong investment in enzymes development are driving the region’s growth. Asia Pacific food enzymes market is forecasted to grow by 6% CAGR. The region’s growth is attributed to the high population, urbanization, disposable income, and growing demand for ready-to-eat food in the region. The objective of the report is to present a comprehensive analysis of the global Food Enzymes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Food Enzymes Market dynamic, and structure by analyzing the market segments and projecting the Food Enzymes Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Food Enzymes Market make the report investor’s guide.

Food Enzymes Market Scope: Inquire before buying

Global Food Enzymes Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.90 Bn.
Forecast Period 2022 to 2027 CAGR: 7.5% Market Size in 2027: US $ 4.48 Bn.
Segments Covered: by Source • Microbes • Animals • Plants
by Application • Beverages • Processed food • Dairy • Bakery

Food Enzymes Market, by Region

• North America • Europe • The Asia Pacific • The Middle East and Africa • South America

Food Enzymes Market Key Players:

• Novozymes • DuPont • F. Hoffman -La Roche Ltd. • AB Enzymes • Koninklijke DSM N.V. • Chr. Hansen Holding A/S • BASF SE • Nutritech Enzymes • Amano Enzymes Inc. • Biocatalysts • Aumgene Biosciences • Creative Enzymes • SUNSON Industry Group Co., Ltd • AUM Enzymes • Xike Biotechnology Co. Ltd. • Antozyme Biotech Pvt Ltd

Frequently Asked Questions:

1] What segments are covered in the Food Enzymes Market report? Ans. The segments covered in the Food Enzymes Market report are based on the Source and Application. 2] Which region is expected to hold the highest share in the Food Enzymes Market? Ans. The North America region is expected to hold the highest share in the Food Enzymes Market. 3] What is the market size of the Food Enzymes Market by 2027? Ans. The market size of the Food Enzymes Market by 2027 is expected to reach nearly US$ 4.48 Bn. 4] What is the forecast period for the Food Enzymes Market? Ans. The forecast period for the Food Enzymes Market is 2022-2027. 5] What was the market size of the Food Enzymes Market in 2021? Ans. The market size of the Food Enzymes Market in 2021 was valued at US$ 2.9 Bn.
1. Global Food Enzymes Market Size: Research Methodology 2. Global Food Enzymes Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Food Enzymes Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Food Enzymes Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Food Enzymes Market Size Segmentation 4.1. Global Food Enzymes Market Size, by Source (2021-2027) • Microbes • Animals • plants 4.2. Global Food Enzymes Market Size, by Application (2021-2027) • Beverages • Processed food • Dairy • Bakery 5. North America Food Enzymes Market (2021-2027) 5.1. North America Food Enzymes Market Size, by Source (2021-2027) • Microbes • Animals • plants 5.2. North America Food Enzymes Market Size, by Application (2021-2027) • Beverages • Processed food • Dairy • Bakery 5.3. North America Food Enzymes Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Food Enzymes Market (2021-2027) 6.1. European Food Enzymes Market, by Source (2021-2027) 6.2. European Food Enzymes Market, by Application (2021-2027) 6.3. European Food Enzymes Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Food Enzymes Market (2021-2027) 7.1. Asia Pacific Food Enzymes Market, by Source (2021-2027) 7.2. Asia Pacific Food Enzymes Market, by Application (2021-2027) 7.3. Asia Pacific Food Enzymes Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Food Enzymes Market (2021-2027) 8.1. Middle East and Africa Food Enzymes Market, by Source (2021-2027) 8.2. Middle East and Africa Food Enzymes Market, by Application (2021-2027) 8.3. Middle East and Africa Food Enzymes Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Food Enzymes Market (2021-2027) 9.1. South America Food Enzymes Market, by Source (2021-2027) 9.2. South America Food Enzymes Market, by Application (2021-2027) 9.3. South America Food Enzymes Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Novozymes 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Development 10.2. DuPont 10.3. F. Hoffman -La Roche Ltd. 10.4. AB Enzymes 10.5. Koninklijke DSM N.V. 10.6. Chr. Hansen Holding A/S 10.7. BASF SE 10.8. Nutritech Enzymes 10.9. Amano Enzymes Inc. 10.10. Biocatalysts 10.11. Aumgene Biosciences 10.12. Creative Enzymes 10.13. SUNSON Industry Group Co., Ltd 10.14. AUM Enzymes 10.15. Xike Biotechnology Co. Ltd. 10.16. Antozyme Biotech Pvt Ltd

About This Report

Report ID 30517
Category Food & Beverages
Published Date Nov 2019
Updated Date April 2022
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