Food Enzymes Market Size
The Global Food Enzymes Market reached US$ 1.8 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 3.2 billion by 2031. The market is growing at a CAGR of 7.5% during the forecast period 2024-2031.
Food enzymes, such as proteases, amylases, and lipases, are utilized in various stages of food processing. These enzymes can be produced through different methods, including microbial fermentation and extraction from natural sources. Enzymes find diverse applications in producing popular food items such as white bread, rye bread, and maize tortillas.
With the rapid growth of the global food, beverage and pharmaceutical industries, the demand for food enzymes will eventually surpass that of other industrial enzymes. Enzymes exhibit specific functionality in different food products, such as tenderizing meat, enhancing dough elasticity, and breaking down complex carbohydrates. Factors like pH, temperature, and substrate concentration influence their activity and stability and drive the global food enzymes market revenue.
Market Scope
| Metrics | Details |
| CAGR | 7.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Source, Type, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | North America |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising Demand for Processed Food Drives the Market Expansion.
The increasing demand for processed foods globally can be attributed to the robust economies of Asian countries, particularly China and India. These nations play a pivotal role in driving significant growth in the processed food market. The expanding middle-class population, rising disposable incomes, and busy lifestyles are key factors contributing to this market growth.
To meet the demands of consumers, food enzyme applications are employed to enhance the freshness of processed food products, effectively extending their shelf life. This preservation process helps to maintain the desired flavor, color, and texture of convenience food, ensuring their quality over an extended period.
Additionally, key market players are launching new products and generating lucrative revenue for the companies. For instance, on June 24, 2021, International Flavors & Fragrances Inc. launched Nurica in the United States.
Regulatory Uncertainties Hamper the Market Expansion
The increasing utilization of food enzymes as processing ingredients has prompted the need for a comprehensive safety regulatory framework. These enzymes are classified as food additives or food processing aids, depending on the food legislation of each country. The categorization is significant as some countries only require pre-market approval and safety evaluation for additives.
However, definitions and regulations for additives and processing aids can vary across countries and regions, leading to inconsistencies and uncertainties in the regulatory landscape. These regulatory uncertainties pose challenges and may impede the growth of the food enzyme market.
Market Segment Analysis
The Global Food Enzymes Market is segmented based on source, type, application and region.
Proteases Segment Accounts for the Highest Share in the Global Food Enzymes Market
Proteases are enzymes that catalyze the breakdown of proteins into smaller peptides and amino acids. In meat processing, proteases enhance the tenderness and texture of meat products. They break down tough connective tissues and proteins, producing more tender and flavorful meat. Proteases also contribute to developing specific flavors and textures in fermented dairy products like cheese and yogurt.
For instance, on June 7, 2021, DSM-Novozymes Alliance launched its second-generation protease, ProAct 360. This pioneering feed solution brings forth consistent advancements in growth performance, enhanced matrix values for essential amino acids, and rapid efficacy. True to its name, ProAct 360 embodies a comprehensive understanding of poultry producers' requirements and the environmental challenges associated with poultry production.
Source: DataM Intelligence Analysis (2024)
Market Geographical Share
Asia Pacific is expected to be the Dominating Region During Forecast Period.
The Global Food Enzymes Market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle-east and Africa.
The utilization of food enzymes in the Asia-Pacific region has gained momentum, driven by the growing demand for processed food and beverages. Food enzymes play a crucial role in various applications, including developing enzyme-modified ingredients, enzyme-assisted extraction processes, and enzyme-based flavor development, which drives the market expansion in the APAC region.
Countries such as China, India, Japan, and South Korea are prominent contributors to this region's Food Enzyme Market expansion. Consumers in the Asia-Pacific region are increasingly seeking healthier and natural food options, leading to the incorporation of food enzymes in processed foods. These enzymes, including proteases, amylases, lipases, and cellulases, serve various functions, such as improving texture, enhancing flavor, and optimizing nutritional profiles.
For instance, on January 18, 2022, Novozymes and Chr. Hansen, two Danish companies specializing in food ingredients and enzymes, have agreed to merge. While both firms are involved in the production of enzymes, their focus areas differ. Chr. Hansen specializes in enzymes and microbial specifically for the food industry, while Novozymes operates across multiple sectors, including enzymes for household products, food and beverages, and biofuels in India.
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Source: DataM Intelligence Analysis (2024)
Food Enzymes Market Companies
The major global players include AB Enzymes, Koninklijke DSM N.V., Chr. Hansen Holding A/S, BASF SE, Nutritech Enzymes, Amano Enzymes, Inc., Biocatalysts, Novozymes, DuPont and F. Hoffmann-La Roche Ltd.
Covid Impact
The COVID-19 pandemic has had a notable impact on the food enzymes industry. Disruptions in the global supply chain have affected the sourcing and availability of raw materials, impacting production and distribution. Changes in consumer behavior, such as shifts in food consumption patterns and the slowdown of the food industry, have influenced the demand for food enzymes.
There has also been an increased focus on food safety and hygiene, potentially leading to stricter regulations. However, the pandemic has also spurred research and innovation in the sector, driving the development of new enzyme-based solutions. Overall, the COVID-19 pandemic has presented challenges and opportunities for the food enzymes industry.
Key Developments
- On March 6, 2023, The US-based Creative Enzymes launched of food-grade enzymes designed for improved food processing. These cutting-edge enzymes provide effective and economical solutions that assist food manufacturers in achieving their objectives and meeting consumers' desires for healthier, more flavorful, and environmentally friendly food production.
- On May 3, 2023, Novozymes launched a new enzyme for improved texture and shelf life in baked goods. This product has been in development for the last three years and is the latest addition to the Novamyl range, which targets food waste reduction in baking processes.
- On December 9, 2020, DuPont Nutrition & Biosciences (DuPont) launched Versilk, the newest addition to its lineup of enzymes designed to assist yogurt and beverage manufacturers in achieving the desired texture and flavor in high-protein yogurts, drinkable dairy products, and other fermented beverages.
Why Purchase the Report?
- To visualize the Global Food Enzymes Market segmentation based on source, type, application, and region and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous food enzymes market-level data points with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key product of all the major players.
The Global Food Enzymes Market Report Would Provide Approximately 77 Tables, 82 Figures And 195 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
