Market Size of Africa Food Enzymes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Africa Food Enzymes Market Analysis
The African food enzymes market is forecasted to grow at a CAGR of 4.5% during the forecast period (2020 - 2025).
The food enzyme market is witnessing rapid growth due to the increasing demand for processed food and wide applications of the enzymes in the processed food industry in the region. Innovation in food technology in the region and the growing awareness about better-quality products being manufactured, by utilizing enzymes are the other factors that are further driving the market growth. For instance, genetically modified enzymes, which are usually associated with health effects in the long-term, has resulted in a setback for the growth of the industry. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products treated with genetically-modified enzymes.
Africa Food Enzymes Industry Segmentation
The Africa food enzymes market is segmented by type into carbohydrase, protease, lipase, and others. Based on the application, the market is divided into the bakery, confectionery, dairy, and frozen desserts, meat, poultry, and seafood products, beverages, and other industries. Also, the study provides an analysis of the food enzymes market in the emerging and established markets across the globe, including South Africa, Nigeria, Kenya, and the Rest of Africa.
By Type | |
Carbohydrase | |
Protease | |
Lipase | |
Others |
By Application | |
Bakery | |
Confectionery | |
Dairy and Frozen Desserts | |
Meat, Poultry and Sea Food Products | |
Beverages | |
Others |
By Country | |
South Africa | |
Kenya | |
Nigeria | |
Rest of Africa |
Africa Food Enzymes Market Size Summary
The African food enzymes market is experiencing significant growth, driven by the increasing demand for processed foods and the diverse applications of enzymes within the industry. Innovations in food technology and heightened awareness of the benefits of enzyme-utilized products are further propelling market expansion. Despite initial setbacks due to concerns over genetically modified enzymes, consumer acceptance has grown as food safety standards have been established. Carbohydrases, a key component of this market, play a crucial role in enhancing the sensory properties of food products and improving the nutritional value of various food items. The establishment of R&D centers by companies to develop innovative enzymes, such as thermostable variants, has also contributed to the market's growth, alongside the rising imports of enzymes for use in the food and beverage sectors.
South Africa stands out as a leader in the African food enzymes market, with a robust demand driven by consumer preference for premium quality and processed foods with naturally sourced ingredients. Government support and favorable policies have further bolstered market growth, with South African companies forming partnerships with international firms to access advanced technologies and expertise. The market is characterized by intense competition among numerous domestic and multinational players, with strategic mergers, acquisitions, and partnerships being common tactics to enhance market presence. Key players in the region include Chr. Hansen Holding AS, DuPont de Nemours Inc., and Sabinsa South Africa (Pty) Ltd., who are actively involved in expanding their influence through new product development and strategic collaborations.
Africa Food Enzymes Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Carbohydrase
-
2.1.2 Protease
-
2.1.3 Lipase
-
2.1.4 Others
-
-
2.2 By Application
-
2.2.1 Bakery
-
2.2.2 Confectionery
-
2.2.3 Dairy and Frozen Desserts
-
2.2.4 Meat, Poultry and Sea Food Products
-
2.2.5 Beverages
-
2.2.6 Others
-
-
2.3 By Country
-
2.3.1 South Africa
-
2.3.2 Kenya
-
2.3.3 Nigeria
-
2.3.4 Rest of Africa
-
-
Africa Food Enzymes Market Size FAQs
What is the current Africa Food Enzymes Market size?
The Africa Food Enzymes Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Africa Food Enzymes Market?
Chr. Hansen Holding AS, Sabinsa South Africa (Pty) Ltd., Zymetech, AEB Africa (PTY) LTD and Megazyme Ltd. are the major companies operating in the Africa Food Enzymes Market.