Food Enzymes Market Key Players Analysis 2031
Analyst Perspective
The global food enzymes market is estimated to register a CAGR of ~6%. There is a rise in demand for packaged and processed food worldwide. The demand for clean labels with natural ingredients drives the food enzymes market. Ongoing biotechnological advancements play a significant role in the growth of the food enzymes market. Enzymes allow for specific modifications in the food processing industry, catering to customized and specialized product trends to meet consumer preferences. Safety regulations, restricted temperatures, and health issues related to enzymes are restraining factors for the food enzymes market. Innovation in plant-based enzymes and technological advancements are considered opportunities for the growth of the food enzymes market.
Market Overview
Food enzymes catalyze biochemical reactions that offer quality improvements in various processed food products, supporting their adoption in diverse application areas. Various enzymes are used in the food industry, including proteases, lipases, and cellulases, which serve specific functions like breaking down starches, proteins, fats, and cellulose. Food enzymes are used in various industries, including bakery, dairy, and beverages, to improve product quality, texture, and shelf life. Ongoing research and development activities aim to enhance its application in various industries. Higher intake of alcoholic and non-alcoholic beverages is a major growth-driven factor for the food enzymes market. This market is growing due to rising environmental concerns, urbanization, rising disposable income, and developments in R&D activities.
Market Drivers
- Increase usage of food enzymes in the bakery and beverage industry.
The food enzymes market sees its most prominent application in bakeries, driven by an increased demand attributed to regulations limiting chemical additives, particularly in producing bread and other fermented goods. Within the beverage sector, food enzymes play a vital role in both alcoholic and non-alcoholic beverages, with carbohydrase and lipase emerging as pivotal enzymes.
- Increase in demand for processed food.
Due to lifestyle changes, there is an increase in demand for processed and convenience foods. The hectic lifestyle of individuals has increased the demand for convenience food products. The longer shelf life of processed foods appeals to consumers looking for extended storage capabilities.
Market Segmentation
The global food enzymes market is segmented based on type and application. The food enzymes market is segmented based on type into carbohydrase, proteases, amylase, and lactase. The food enzymes market is segmented based on application into bakery and confectionery, dairy and frozen desserts, beverages, meat, poultry, seafood products, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global food enzymes market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Food enzymes market by region is also sub-segmented by respective countries and segments. The food enzymes market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the food enzymes market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the food enzymes market in these regions.
Food Enzymes Market Report Analysis
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Associated British Foods plc
- Biocatalysts Limited
- Brenntag North America Inc
- Chr Hansen Holding A S
- E I du Pont de Nemours and Company
- Jiangsu Boli Bioproducts Co Ltd
- Kerry Group
- Koninklijke DSM N V
- Novozymes
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Carbohydrase
- Proteases
- Amylase
- Lactase
By Application
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Beverages
- Meat
- Poultry and Seafood Products
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover vital organic and inorganic growth strategy developments in the food enzymes market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the food enzymes market are estimated to have lucrative growth opportunities with the increasing demand for processed food globally.
The report includes key companies' profiles, SWOT analysis, and food enzymes market strategies. The report also focuses on leading market players with information including components and services offered, company profile, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the food enzymes market.
- Amano Enzymes
- Antozyme Biotech Pvt Ltd
- Biocatalysts
- DSM
- Novozymes A/S
- Advanced Enzyme Technologies Limited
- International Flavors & Fragrances Inc
- Infinita Biotech
- Nutritech
- Kerry Group
Food Enzymes Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Associated British Foods plc
2. Biocatalysts Limited
3. Brenntag North America, Inc.
4. Chr. Hansen Holding A/S
5. E. I. du Pont de Nemours and Company
6. Jiangsu Boli Bioproducts Co., Ltd.
7. Kerry Group
8. Koninklijke DSM N.V.,
9. Novozymes
10. Puratos Group
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