Market Size of US Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Food Enzymes Market Analysis
The US food enzymes market is projected to record a CAGR of 5.8% during the forecast period.
- Food enzyme manufacturers are expecting an increased demand from food manufacturers to preserve the freshness, safety, taste, appearance, and texture of processed foods.
- Industrial food enzymes provide eco-friendly products to consumers, with no compromise in terms of quality of the end products. The functional attributes of food enzymes, such as digestive, softening, and anti-staling, are the key factors driving the food enzyme market growth.
- Hence, the processed food demand growth, owing to food retail chains' growth and convenience, has invariably helped the increase in the demand for enzyme application.
US Food Enzymes Industry Segmentation
The US food enzymes market is segmented by type that includes carbohydrases, proteases, lipases and other types. Based on application, the market is segmented into bakery, confectionery, dairy and frozen desserts, meat, poultry, and seafood products, beverages, and other applications.
| Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry, and Seafood Products | |
| Beverages | |
| Other Applications |
US Food Enzymes Market Size Summary
The United States food enzymes market is experiencing significant growth, driven by the increasing demand from food manufacturers for products that enhance the freshness, safety, taste, appearance, and texture of processed foods. The market is characterized by the use of industrial food enzymes, which offer eco-friendly solutions without compromising the quality of end products. Key functional attributes such as digestive, softening, and anti-staling properties are propelling market expansion. The growth of processed food demand, fueled by the expansion of food retail chains and the convenience they offer, has further bolstered the application of enzymes in the food industry. This trend is supported by a shift in consumer preferences towards healthier food ingredients, as concerns over obesity and diabetes rise, prompting manufacturers to focus on providing nutritious options.
The market value of food enzymes in the United States is rapidly increasing, driven by population growth and the rising consumption of processed foods. Enzymes play a crucial role in bakery products, particularly in baking, where they help control the baking process and reduce reliance on chemical additives. This is especially important in the production of bread and other fermented products. The market is fragmented, with numerous players engaged in activities such as new product development, expansion, mergers and acquisitions, and partnerships to maintain competitive advantage. Key industry participants include Kerry Group, DuPont, Novozymes, Koninklijke DSM NV, and Amano Enzymes Inc., all of which are actively contributing to the dynamic landscape of the US food enzymes market.
US 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 Carbohydrases
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2.1.2 Proteases
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2.1.3 Lipases
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2.1.4 Other Types
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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 Seafood Products
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2.2.5 Beverages
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2.2.6 Other Applications
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US Food Enzymes Market Size FAQs
What is the current US Food Enzymes Market size?
The US Food Enzymes Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in US Food Enzymes Market?
Kerry Group, DuPont de Nemours, Inc., Koninklijke DSM N.V., Novozymes and Amano Enzymes Inc. are the major companies operating in the US Food Enzymes Market.
