Food Enzymes Market – Growth, Trends, COVID-19 Impact and Forecast (2023-2029)

The Food Enzymes Market was valued at US$ 3.11 Bn. in 2022. 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 2018 to 2022. 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.

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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 Market is segmented into Microbes, Animals, and Plants. Microbes are dominating the market with a 63% market share in 2022. 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.

Based on the Application, the 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.
Regional Insights:
The North American region held the largest market share accounting for 35% in 202. 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 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 Market dynamic, and structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Food Enzymes Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.11 Bn.


Forecast Period 2023 to 2029 CAGR:
7.5%
Market Size in 2029:
US $ 5.17 Bn.


 Segments Covered:
by Source
Microbes
Animals
Plants


by Application
Beverages
Processed food
Dairy
Bakery


by Form
Lyophilized powder
Liquid
Other formulations


by Type
Carbohydrase
Amylase
Cellulase
Lactase
Pectinase
Other carbohydrases
Proteases
Lipases
Polymerase & nuclease
Other types



Food Enzymes Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Novozymes
2. DuPont
3. F. Hoffman -La Roche Ltd.
4. AB Enzymes
5. Koninklijke DSM N.V.
6. Chr. Hansen Holding A/S
7. BASF SE
8. Nutritech Enzymes
9. Amano Enzymes Inc.
10. Biocatalysts
11. Aumgene Biosciences
12. Creative Enzymes
13. SUNSON Industry Group Co., Ltd
14. AUM Enzymes
15. Xike Biotechnology Co. Ltd.
16. Antozyme Biotech Pvt Ltd
Frequently Asked Questions:
1. Which region has the largest share in Global Food Enzymes Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Global Food Enzymes Market?
Ans: The Global Food Enzymes Market is growing at a CAGR of 7.5% during forecasting period 2023-2029.

3. What is scope of the Global Food Enzymes market report?
Ans: Global Food Enzymes Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Food Enzymes market?
Ans: The important key players in the Global Food Enzymes Market are – 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.,

5. What is the study period of this market?
Ans: The Global Food Enzymes Market is studied from 2022 to 2029.