Food Enzymes Market

Report ID : 1416 | Published : 2022-10-29 | Pages: 190 | Format: PDF/EXCEL

The market size of the global food enzymes market in 2021 is valued at 1.40 billion and is predicted to reach 2.30 billion by the year 2030 at an 5.83% CAGR during the forecast period.

Food enzymes are intricate substances that act as catalysts and are frequently used in the food processing sector to promote complexity, variety and quality. Food enzymes are extensively used in food processing for their many advantages, such as improving smell, texture, and flavour and coagulating, preserving, and tenderizing food. The global market for food enzymes is driven by the consumer's increasing awareness of wholesome and safe foods. Additionally, macroeconomic factors such as rising processed food competition and consumer desire for environmentally friendly manufacturing methods positively impact the global market for food enzymes. Other factors, such as the high enzyme response specificity and improvements in food quality, will moderate the market's development rate. The food enzyme market will expand faster due to waste reduction and energy savings in the food processing process.

The main factors that will accelerate the growth rate of the food enzymes market also include the rise in demand for nutraceutical products, increased consumption of alcoholic and non-alcoholic drinks, and replacement of old chemicals in various sectors. Additionally, as there are more cutting-edge technology platforms and emerging applications, there will be more potential for the market for food enzymes to expand.

 

Market Segmentation:

The food enzymes market is segmented by type, source, application and form. Based on type, the market is segmented into carbohydrase (amylase, cellulase, lactase, pectinase and other carbohydrases), proteases, lipases, polymerase & nuclease and other types. Based on the source, the market is segmented into microorganisms, plants and animals. Based on the application, the market is segmented into food (meat products, bakery & confectionery products, dairy products, nutraceuticals and other food products) and beverages (juices, brewing and other beverages). Based on the form, the market is segmented into lyophilized powder, liquid and other formulations.

Based on type, the carbohydrase category is accounted as a major contributor to the food enzymes market.

The carbohydrase category dominated the market in 2021 due to its application in animal feed enzymes, food, and beverages. Enzyme demand in food has expanded as consumer wants and benefits are becoming more widely known. Additionally, it is anticipated that growing consumer demand for products with added value and expanding adoption of new technologies would offer significant industry potential. Due to their low toxicity, cost-effectiveness, high tolerance, and increased demand from the dairy industry, carbohydrases have benefits for use in food applications.

The microorganism category witnessed growth at a rapid rate.

The microorganism category dominated the market in 2021. The advantages of employing microorganisms include lower production costs, a more comprehensive range of industrial fermentation, easier manufacturing processes, and quicker culture development. Cheddar cheese production benefits from the use of the microbial enzyme lipase. Manufacturers can benefit from microbial proteases in brewing, meat tenderization, milk coagulation, and bread quality improvement.

The North American food enzymes market holds a signification revenue share.

The North American food enzymes market is expected to register the highest market share in revenue, shortly ascribed to the growing popularity of using components that are naturally derived. The ever rising belief is driving consumers' demand for food enzymes in the region that natural additives are secure & nutritious. The widespread use of enzymes in food systems has developed due to the growing demand for high-quality processed foods free of chemical additives. The region's market is expanding due to the increasing investments made by major corporations in creating cutting-edge products such as enzymes with high specificity. In addition, Asia Pacific is projected to boost in the global food enzymes market because the food and beverage sector is flourishing. The adoption of Western diets,  related to the rising demand for bakery goods, dairy goods, and beverages, keeps developing in the area. As worries about sustainability and food safety increase, these products are anticipated to use food enzymes rather than synthetic chemicals.

Competitive Landscape

Key players in the food enzymes market are DuPont, Associated British Foods plc., DSM, Novozymes, Chr. Hansen, Kerry Group, Jiangsu Boli Bioproducts Co., Ltd., Biocatalysts Ltd., Puratos Group, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Enzyme Development Corporation, ENMEX, S.A. de C.V., Enzyme Bioscience Private Limited, Aumgene Biosciences, Creative Enzymes, SUNSON Industry Group Co., Ltd., AUM Enzymes, Xike Biotechnology Co. Ltd. and Antozyme Biotech Pvt Ltd.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Food Enzymes Market Snapshot

Chapter 4. Global Food Enzymes Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis

5.1. by Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Type:

5.2.1. Carbohydrase

5.2.1.1. Amylase

5.2.1.2. Cellulase

5.2.1.3. Lactase

5.2.1.4. Pectinase

5.2.1.5. Other Carbohydrases

5.2.2. Proteases

5.2.3. Lipases

5.2.4. Polymerase & Nuclease

5.2.5. Other Types

Chapter 6. Market Segmentation 2: by Source Estimates & Trend Analysis

6.1. by Source & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Source:

6.2.1. Microorganism

6.2.2. Plant

6.2.3. Animal

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis

7.1. by Application & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

7.2.1. Food

7.2.1.1. Meat Products

7.2.1.2. Bakery & Confectionery Products

7.2.1.3. Dairy Products

7.2.1.4. Nutraceuticals

7.2.1.5. Other Food Products

7.2.2. Beverages

7.2.2.1. Juices

7.2.2.2. Brewing

7.2.2.3. Other Beverages

Chapter 8. Market Segmentation 4: by Form Estimates & Trend Analysis

8.1. by Form & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Form:

8.2.1. Lyophilized powder

8.2.2. Liquid

8.2.3. Other formulations

Chapter 9. Food Enzymes Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by Estimates and Forecasts by Type, 2022-2030

9.1.2. North America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by Estimates and Forecasts by Source, 2022-2030

9.1.3. North America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Application, 2022-2030

9.1.4. North America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Form, 2022-2030

9.1.5. North America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by Estimates and Forecasts by country, 2022-2030

9.2. Europe

9.2.1. Europe Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Type, 2022-2030

9.2.2. Europe Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Source, 2022-2030

9.2.3. Europe Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Application, 2022-2030

9.2.4. Europe Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Form, 2022-2030

9.2.5. Europe Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by country, 2022-2030

9.3. Asia Pacific

9.3.1. Asia Pacific Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Type, 2022-2030

9.3.2. Asia Pacific Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Source, 2022-2030

9.3.3. Asia-Pacific Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Application, 2022-2030

9.3.4. Asia-Pacific Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Form, 2022-2030

9.3.5. Asia Pacific Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by country, 2022-2030

9.4. Latin America

9.4.1. Latin America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Type, 2022-2030

9.4.2. Latin America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Source, 2022-2030

9.4.3. Latin America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Application, 2022-2030

9.4.4. Latin America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Form, 2022-2030

9.4.5. Latin America Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by country, 2022-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Type, 2022-2030

9.5.2. Middle East & Africa Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Source, 2022-2030

9.5.3. Middle East & Africa Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Application, 2022-2030

9.5.4. Middle East & Africa Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by Form, 2022-2030

9.5.5. Middle East & Africa Food Enzymes Market Revenue (US$ Million) Estimates and Forecasts by by country, 2022-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. DuPont

10.2.2. Associated British Foods plc.

10.2.3. DSM

10.2.4. Novozymes

10.2.5. Chr. Hansen

10.2.6. Kerry Group

10.2.7. Jiangsu Boli Bioproducts Co., Ltd.

10.2.8. Biocatalysts Ltd.

10.2.9. Puratos Group

10.2.10. Advanced Enzyme Technologies Ltd.

10.2.11. Amano Enzyme Inc.

10.2.12. Enzyme Development Corporation

10.2.13. ENMEX, S.A. de C.V.

10.2.14. Enzyme Bioscience Private Limited

10.2.15. Aumgene Biosciences

10.2.16. Creative Enzymes

10.2.17. SUNSON Industry Group Co., Ltd.

10.2.18. AUM Enzymes

10.2.19. Xike Biotechnology Co. Ltd.

10.2.20. Antozyme Biotech Pvt Ltd

10.2.21. Other Prominent Players

The market size of the global food enzymes market in 2021 is valued at 1.40 billion and is predicted to reach 2.30 billion by the year 2030 at an 5.83% CAGR during the forecast period.

Food enzymes are intricate substances that act as catalysts and are frequently used in the food processing sector to promote complexity, variety and quality. Food enzymes are extensively used in food processing for their many advantages, such as improving smell, texture, and flavour and coagulating, preserving, and tenderizing food. The global market for food enzymes is driven by the consumer's increasing awareness of wholesome and safe foods. Additionally, macroeconomic factors such as rising processed food competition and consumer desire for environmentally friendly manufacturing methods positively impact the global market for food enzymes. Other factors, such as the high enzyme response specificity and improvements in food quality, will moderate the market's development rate. The food enzyme market will expand faster due to waste reduction and energy savings in the food processing process.

The main factors that will accelerate the growth rate of the food enzymes market also include the rise in demand for nutraceutical products, increased consumption of alcoholic and non-alcoholic drinks, and replacement of old chemicals in various sectors. Additionally, as there are more cutting-edge technology platforms and emerging applications, there will be more potential for the market for food enzymes to expand.

 

Market Segmentation:

The food enzymes market is segmented by type, source, application and form. Based on type, the market is segmented into carbohydrase (amylase, cellulase, lactase, pectinase and other carbohydrases), proteases, lipases, polymerase & nuclease and other types. Based on the source, the market is segmented into microorganisms, plants and animals. Based on the application, the market is segmented into food (meat products, bakery & confectionery products, dairy products, nutraceuticals and other food products) and beverages (juices, brewing and other beverages). Based on the form, the market is segmented into lyophilized powder, liquid and other formulations.

Based on type, the carbohydrase category is accounted as a major contributor to the food enzymes market.

The carbohydrase category dominated the market in 2021 due to its application in animal feed enzymes, food, and beverages. Enzyme demand in food has expanded as consumer wants and benefits are becoming more widely known. Additionally, it is anticipated that growing consumer demand for products with added value and expanding adoption of new technologies would offer significant industry potential. Due to their low toxicity, cost-effectiveness, high tolerance, and increased demand from the dairy industry, carbohydrases have benefits for use in food applications.

The microorganism category witnessed growth at a rapid rate.

The microorganism category dominated the market in 2021. The advantages of employing microorganisms include lower production costs, a more comprehensive range of industrial fermentation, easier manufacturing processes, and quicker culture development. Cheddar cheese production benefits from the use of the microbial enzyme lipase. Manufacturers can benefit from microbial proteases in brewing, meat tenderization, milk coagulation, and bread quality improvement.

The North American food enzymes market holds a signification revenue share.

The North American food enzymes market is expected to register the highest market share in revenue, shortly ascribed to the growing popularity of using components that are naturally derived. The ever rising belief is driving consumers' demand for food enzymes in the region that natural additives are secure & nutritious. The widespread use of enzymes in food systems has developed due to the growing demand for high-quality processed foods free of chemical additives. The region's market is expanding due to the increasing investments made by major corporations in creating cutting-edge products such as enzymes with high specificity. In addition, Asia Pacific is projected to boost in the global food enzymes market because the food and beverage sector is flourishing. The adoption of Western diets,  related to the rising demand for bakery goods, dairy goods, and beverages, keeps developing in the area. As worries about sustainability and food safety increase, these products are anticipated to use food enzymes rather than synthetic chemicals.

Competitive Landscape

Key players in the food enzymes market are DuPont, Associated British Foods plc., DSM, Novozymes, Chr. Hansen, Kerry Group, Jiangsu Boli Bioproducts Co., Ltd., Biocatalysts Ltd., Puratos Group, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Enzyme Development Corporation, ENMEX, S.A. de C.V., Enzyme Bioscience Private Limited, Aumgene Biosciences, Creative Enzymes, SUNSON Industry Group Co., Ltd., AUM Enzymes, Xike Biotechnology Co. Ltd. and Antozyme Biotech Pvt Ltd.

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

 

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