Market Size of Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.06 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Food Enzymes Market Analysis
The Food Enzymes market is projected to register a CAGR of 5.06% during the forecast period.
The demand for packaged and processed foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep the nutritional content intact and maintain the shelf life. Apart from this, the increasing penetration of organized retail in urban and rural centers globally drives the food enzymes market. The environment-friendly production process, waste reduction and energy saving in the food industry, and increased demand in food industries are driving the market.
Enzymes have a range of applications that include the production of white bread, rye bread, and maize tortillas, and many such trending products. The demand for food enzymes is anticipated to someday surpass that for other industrial enzymes due to the fast expansion of the global food, beverage, and pharmaceutical industries. Owing to the rising demand for various kinds of enzymes, companies either focus on marketing or creating new food enzyme compositions. Additionally, there has been a surge in popularity of vegan diets across the globe for example, in a Choice Australia study from 2021, 63% of participants responded that they believed meals with labeling as "plant-based" were appropriate for vegans. Plant-based foods were more frequently associated by respondents with sustainability, animal friendliness, and health. Enzymes are also used in the manufacturing of vegan products such as alternative dairy products. Hence, Koninklijke DSM N.V., a science-based corporation operating globally in the fields of nutrition, health, and sustainable living, offers the Delvo Plant line of enzymes for enhancing the flavor, consistency, and sweetness of beverages made from plants. These enzymes, which are a part of DSM's growing portfolio of alternatives to dairy products, provide a distinctive range of advantages, from enhancing protein solubility and lowering viscosity to enhancing mouthfeel and releasing the inherent sweetness of raw materials like rice, soy, and oats. The Delvo Plant enzymes are intended to enable marketers to create successful cereal- and non-cereal-based drinks. From such instances, it is evident that the growing scope of enzymes across various fields is anticipated to boost the growth of the market studied.
Food Enzymes Industry Segmentation
Food enzymes are often used for food processing owing to their multiple benefits, which include enhancement of texture, flavor & fragrance, preservation, coagulation, and tenderization. The global food enzymes market is segmented by type, application, and geography. By type, the market is segmented into carbohydrase, protease, lipase, and others. Based on the application, the market is divided into bakery, confectionery, dairy and frozen desserts, meat, poultry, seafood products, beverages, and other applications. The study also covers the global level analysis of the major regions of North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).
| Type | |
| Carbohydrase | |
| Protease | |
| Lipase | |
| Others |
| Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry and Sea Food Products | |
| Beverages | |
| Other Application |
| Geography | |||||||||
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Food Enzymes Market Size Summary
The food enzymes market is experiencing significant growth, driven by the increasing demand for packaged and processed foods, which necessitates the use of food additives to ensure nutritional integrity and extend shelf life. The rise of organized retail in both urban and rural areas globally further propels this market. Enzymes are crucial in various applications, including the production of bakery products like bread and tortillas, and are becoming increasingly important in the food, beverage, and pharmaceutical industries. The growing popularity of vegan diets has also contributed to the market's expansion, with enzymes being used to enhance plant-based products. Companies are focusing on developing new enzyme compositions and marketing strategies to meet the rising demand, as seen with Koninklijke DSM N.V.'s Delvo Plant line, which improves the quality of plant-based beverages.
The bakery sector remains the largest application market for food enzymes, with North America and Western Europe being prominent regions. The Asia-Pacific region is the fastest-growing market for bakery foods, driven by countries like Australia, India, and China. In addition to bakery applications, enzymes play a vital role in the beverage industry, particularly in brewing, where they aid in fermentation and beer stabilization. North America leads the enzyme market, with the United States at the forefront due to high consumption of meat and premium quality products. The market is highly fragmented, with major players like Novozymes A/S and Koninklijke DSM N.V. engaging in mergers and acquisitions to enhance their global presence. Recent strategic moves, such as the merger between Novozymes and Chr. Hansen, highlight the competitive nature of the market and the focus on expanding enzyme applications across various food industries.
Food Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Carbohydrase
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2.1.2 Protease
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2.1.3 Lipase
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2.1.4 Others
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2.2 Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Dairy and Frozen Desserts
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2.2.4 Meat, Poultry and Sea Food Products
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2.2.5 Beverages
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2.2.6 Other Application
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle-East and Africa
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Food Enzymes Market Size FAQs
What is the current Food Enzymes Market size?
The Food Enzymes Market is projected to register a CAGR of 5.06% during the forecast period (2024-2029)
Who are the key players in Food Enzymes Market?
Koninklijke DSM N.V., Novozymes A/S, Advanced Enzyme Technologies Limited, International Flavors & Fragrances Inc. and Associated British Foods plc are the major companies operating in the Food Enzymes Market.
