Bakery products include bread, pastries, doughnuts, and rolls. Enzymes in food act as a catalyst for biological events that increase the quality of bread products. The baking industry is the largest market for food enzymes. Demand for packaged and processed foods is increasing in response to the increased need for food security and safety. However, due to the intricacies of the global food supply system, food additives are required to preserve the nutritional content and shelf life. Apart from this, the food enzymes market is also driven by the increasing penetration of organized retail in urban and rural areas worldwide. The market is being driven by environmentally friendly manufacturing processes, waste reduction and energy conservation in the food industry, as well as growing demand in the food and feed industries. The United States is the regional and global market leader in enzyme production and consumption, owing to increased consumer spending on high-quality products and a preference for processed foods made with naturally sourced components.
Growth in convenience food market is directly supporting the growth of the Food Enzymes Market. Food enzymes have a major role in the “on-the-go” convenience foods to reduce the risk of microbial spoilage and also ease the food processing steps. Furthermore, with a prominent population of educated consumers in developed regions, health awareness is rising. This positively impacts the growth rate of food enzymes market.
New food enzyme solutions can be efficiently extracted from plants and microbes. Extraction of food enzymes from herbs & spices would result in increasing the revenue of food enzymes market by several folds. Large-scale extraction of pure enzymatic compounds from these sources will acquire a strong R&D focus and investment. Strengthening in the area of food enzymes will widen the opportunity for the manufacturers to strengthen their product portfolio and business position in the global market.
The food enzymes market is segmented into type, source, and application.
By type, it is segmented into carbohydrase, protease, lipase, and others. Among them, the lipase segment holds the major market share. Protease segment is showing extraordinary growth owing to the high usage of protease in food & beverage products.
By source, the market is segmented into plant, animal, microorganism, and others. In this segment, plant-based food enzymes are anticipated to retain their dominance throughout the forecast period. The segment is projected to register a healthy growth rate during the given period owing to increasing consumer demand for green label, packed, and food frozen products.
By application, the market is segmented into bakery & confectionery, sweet & savory snacks, dairy & frozen desserts, oils, fats & spreads, beverages, ready meals, and others. The dairy & frozen desserts segment is dominating the market due to increasing demand for food enzymes in dairy products. This segment is projected to grow at a high rate during the forecast period. Increasing per capita disposable income and growth of the dairy segment is the major driver for the growth of food enzymes market.
The global food enzymes market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Among all the regions, North America is expected to dominate the market over the forecast period. The market is projected to grow at an exponential rate during the review period. This is attributed to high consumption of food enzymes by food manufacturers in this region. Furthermore, Asia-Pacific is projected to witness the highest growth rate during the forecast period, 2020-2027. In Asia-Pacific, China is dominating the market with the lion’s share in the year 2017.
Some of the key players profiled in the global food enzymes market: E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K), Koninklijke DSM N.V. (the Netherlands), Novozymes A/S (Denmark), and Chr. Hansen A/S (Denmark), Dyadic International, Inc. (U.S.), Advanced Enzymes (India), Puratos Group (Belgium), and Amano Enzyme Inc. (Japan).
February 2022: Global expert in flavor and nutrition Kerry expanded its experience, technology, and production capabilities through the acquisitions of C-LEcta and Enmex in the biotechnology sector. The strategic acquisition of Enmex will bolster Kerry's existing enzyme portfolio and expand its ability to change cereals and grains with enzymes. By adding six additional commercial enzyme producing strains and associated manufacturing procedures to its offering, the company may now expand the spectrum of enzymes it manufactures. c-LEcta has successfully commercialized a number of biotechnology products, including enzymes that improve the efficiency and sustainability of pharmaceutical bioprocess production, enzymes that aid in the production of a plant-based sweetener, and other novel enzymes utilized in food applications. Enmex develops and markets enzymes for the brewing, dairy, and beverage industries. As with Kerry, Enmex places a premium on client technical and application support.
The global Food Enzymes market is segmented into the following regions
Rest of the World
The report for global food enzymes market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.