Market Size of Mexico Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | Low |
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?
Mexico Food Enzymes Market Analysis
The Mexican food enzymes market is expected to register a CAGR of 6.8% during the forecast period (2020 - 2025).
The market is witnessing a rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry, which are driving the market. Furthermore, innovation in food technology in the country and the growing awareness about better-quality products being manufactured by utilizing enzymes are further driving the market.
The natural enzymes have the largest share, whereas the genetically modified enzymes are usually associated with health effects. Hence, these factors that are likely to be responsible for restraining the market in a long-term. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products that are treated with genetically modified enzymes.
Mexico Food Enzymes Industry Segmentation
The Mexican food enzymes market is segmented by type (carbohydrases, proteases, lipases, and other types) and application (bakery, confectionery, dairy and frozen desserts, meat poultry and seafood products, beverages, and other applications.
| By Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat Poultry and Seafood Products | |
| Beverages | |
| Other Applications |
Mexico Food Enzymes Market Size Summary
The Mexican food enzymes market is experiencing significant growth, driven by the increasing demand for processed foods and the diverse applications of enzymes within this sector. Innovations in food technology and heightened awareness of the benefits of enzyme-utilized products are further propelling market expansion. Natural enzymes hold the largest market share, although concerns regarding genetically modified enzymes have historically posed challenges. However, as food safety standards evolve, consumer acceptance of genetically modified enzyme-treated products is growing. Enzymes play a crucial role in enhancing the quality of baked goods, acting as catalysts for biochemical reactions that improve product attributes such as crumb softness and shelf life. The rising demand for bakery products is a key factor contributing to the market's growth.
The market for clean label enzymes is rapidly developing, driven by their natural origin and suitability as alternatives to traditional emulsifiers in various food industries, including bakery, dairy, and processed foods. These enzymes offer numerous health and nutritional benefits, appealing to health-conscious consumers. The Mexican food enzymes market is characterized by fragmentation, with numerous regional and domestic players. Companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market presence. Key players in the market include Kerry Group PLC, DuPont de Nemours Inc., Koninklijke DSM NV, and Chr. Hansen Holding AS, among others.
Mexico 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 Carbohydrases
-
2.1.2 Proteases
-
2.1.3 Lipases
-
2.1.4 Other Types
-
-
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 Seafood Products
-
2.2.5 Beverages
-
2.2.6 Other Applications
-
-
Mexico Food Enzymes Market Size FAQs
What is the current Mexico Food Enzymes Market size?
The Mexico Food Enzymes Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Mexico Food Enzymes Market?
Kerry Group PLC, DuPont de Nemours Inc. , Koninklijke DSM NV, Chr. Hansen Holding AS and ENMEX are the major companies operating in the Mexico Food Enzymes Market.
