Food Enzymes Market - Share, Trends, Growth and Size by 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

MARKET PLAYERS

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