Market Trends of Food Enzymes Industry
Increase of Food Enzyme Usage in Bakery and Beverage Industries
Bakery products consist of several products like bread, pastries, doughnuts, and rolls. Food enzymes act as a catalyst for biochemical reactions that offer quality improvements in bakery products. The bakery is the largest application market for food enzymes. Bakery products are prominent in North America and Western Europe. Asia-Pacific is the fastest-growing region for bakery foods, with Australia, India, and China being the main drivers. In Australia, there is an increase in demand for food enzymes in bakery applications due to restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. According to the data from UN Comtrade, the exports of bread, cakes, and other bakery products from India jumped from USD 346.86 million in 2020 to USD 407.64 million in 2021.
The beverage segment comprises food enzyme application in alcoholic and non-alcoholic beverages, with carbohydrase and lipase as the major categories of enzymes. Additionally, in the segment, enzymes provide three major functions- formation of sugar that is used during fermentation, viscosity control, and chill-proofing for beer. In the brewing industry, the major enzymes used include cellulose, alpha-amylase, and beta-glucanase for the liquefaction, clarification, and supplementing of malt enzymes. Some of the key benefits of brewing enzymes include better malt separation, extraction yield, and beer filtration and stabilization.
North America Emerges as the Market Leader
North America is the largest market for enzyme applications in food industries. High consumption of meat and meat products in the region is one of the key factors augmenting the food enzymes market. The United States is the market leader in enzyme production and consumption at the regional and global levels, attributed to increased expenditure on premium quality products and consumer preference for processed foods incorporated with naturally sourced ingredients. The United States is the market leader in enzyme production and consumption in the North American region, followed by Mexico. The great demand is attributed to the increased expenditure on premium quality products by the consumers of the United States, along with the shift in preference for processed foods incorporated with naturally sourced ingredients. One such example of the growth of the enzyme industry across the region includes the growth of the wine industry across the region. Enzymes are widely used to make wines hence, the growth of the wine industry in turn propels the enzyme market. For instance, according to the Wine Institute, the retail sales of wine in the United States in 2021 were about USD 78.4 billion, which was higher when compared to the previous year's sales, which totaled USD 66.8 billion. Technological innovation and up-gradation are other key driving factors for market growth in the country. In addition, rapid urbanization coupled with rising living standards is also anticipated to be the driver for change in consumer tastes and preferences in the United States.
