Food Enzymes Market

Market Snapshot

Forecast Years for Food Enzymes Market:	2022 - 2028
Historical Years for Food Enzymes Market:	2016 - 2021
Revenue 2021 for Food Enzymes Market:	2,283.50 USD Million
Revenue 2028 for Food Enzymes:	3,257.57 USD Million
Revenue CAGR (2022 - 2028) for Food Enzymes Market :	6.10%
Fastest Growing Region (2022 - 2028) for Food Enzymes Market:	Asia Pacific
Largest Region (2021) for Food Enzymes Market:	North America

Food Enzymes Market

Market Synopsis

Food Enzymes play a significant role in improving the quality and shelf life of food products. Food Enzymes are extensively used in commercial products such as beverage, dairy products, and bakery & pastry. Moreover, there has been a growing demand of Food Enzymes from dairy products, bakery & pastry, and beverages in emerging economies, which is a major driver for the growth of the global food enzyme market over the forecast period. However, the presence of stringent guidelines for validation of safety and quality of these products is restraining the global Food Enzymes market growth, as food manufacturers and food safety authorities are focusing on the development of alternative and reliable tools for validation of food enzyme products.

The global Food Enzymes market is driven by the changing consumer lifestyle, changing dietary habits, and increasing food demand of emerging economies. The food industry is always on the viewpoint for new and innovative ingredients to improve production processes, while optimizing costs and ensuring quality, which is a promising field with the increasing demand of food ingredients, which is expected to grow faster than the industry overall. Food-based ingredients comprise more than 80% of the non-alcoholic beverages. Food industry makes use of food enzyme extracts as one of the most important raw materials. Additionally, owing to their biodegradability and biocompatibility, their application is found to be beneficial to eco-compatibility.

Market Segmentation:

The global Food Enzymes market is segmented on the basis of type, source, application, form, and region. Based on type, the target market is segregated into carbohydrase (amylase, cellulase, lactase, pectinase, and other carbohydrases), proteases, lipases, polymerase & nuclease, and other types. On the basis of source, market is segmented as microorganism, plant, and animal. On the basis of application, the market is segmented as food (meat products, bakery & confectionery products, dairy products, nutraceuticals, and other food products) and beverages (juices, brewing, and other beverages). Based on form, the market is segmented as lyophilized powder, liquid, and other formulations

The carbohydrase segment holds the largest market share during the forecast period

Carbohydrase commanded the largest share of global Food Enzymes market during the forecast period, owing to its use in food and beverage, and animal feed enzymes. Rising awareness about consumer needs and benefits of enzymes has increased its demand in food industry. Moreover, rising demand for value-added products and increasing adoption of new technologies are further expected to provide substantial opportunities for the market. Carbohydrases added advantages to food applications due to their cost-effectiveness, high tolerance, growing demand from dairy manufacturers, and low toxicity.

Food Enzymes segment holds the largest market share during the forecast period

The demand is increasing for Food Enzymes in the food & beverage industry, because of their many useful chemical properties. A major effort has been undertaken for the production of Food Enzymes and food additives in plants which is comparatively easier and low cost. Food Enzymes can improve digestion, enhance absorption of nutrients, etc., and provide nutrition for human body. The global market for Food Enzymes is poised for strong growth due to increasing demand for bio-active food ingredients, rising public awareness of the health benefits of dairy products, and changing consumer tastes. As a result of the growth in the global food enzyme market in recent years, the global market for Food Enzymes is estimated to increase in forecast period.

North America region dominated the Food Enzymes Market during the forecast period

North America is largest market for enzyme in food industries. The increase of food demand has led to a higher demand for food processed products in this region. The growing demand for food ingredients in developing countries is expected to contribute towards the expected growth of the food enzyme market during the forecast period.

Asia Pacific market is expected to grow at high CAGR over the forecast period owing to minimal cost of raw materials and regulatory norms. The Asia-Pacific region has a strong tradition of food processing, particularly in China, India, and Thailand. The demand for fermented food and beverages in this area has provided a large consumer base for food processing and baking applications. These same countries also enjoy favorable tariffs on food ingredients, compared with other regions; this has provided favorable conditions for the development of the food enzyme market in the Asia-Pacific region. India with low import duties and abundant availability of raw materials is one of the growth opportunities.

Competitive Landscape-

Some of the major key players in the Food Enzymes market are DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen (Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Aumgene Biosciences (India), Enzyme Bioscience Private Limited, Creative Enzymes (US), AUM Enzymes (India), SUNSON Industry Group Co., Ltd (China), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).

Food Enzymes Market is segmented as follows:

Parameter	Details
Segments Covered	Type (Carbohydrase, Amylase, Cellulase, Lactase, Pectinase, Other carbohydrases, Proteases, Lipases, Polymerase & nuclease, Other types) Source (Microorganism, Plant, Animal) Application (Food, Beverages) Form (Lyophilized powder, Liquid, Other formulations) Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered	North America - (U.S., Canada, Mexico) Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe) Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific) Latin America - (Brazil, Argentina, Rest Of Latin America) Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered	DuPont (US) Associated British Foods plc (UK) DSM (Netherlands) Novozymes (US) CHR. Hansen (Denmark) Kerry Group (Ireland) Jiangsu Boli Bioproducts Co. Ltd. (China) Biocatalysts Ltd. (UK) Puratos Group (Belgium) Advanced Enzyme Technologies Ltd (India) Amano Enzyme Inc. (Japan) Enzyme Development Corporation (US) ENMEX S.A. de C.V. (Mexico) Enzyme Bioscience Private Limited Creative Enzymes (US) SUNSON Industry Group Co. Ltd.(China) AUM Enzymes (India) Xike Biotechnology Co. Ltd. (China) Antozyme Biotech Pvt Ltd (India).
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Food Enzymes Market is tabulated as follows: