Food Enzymes Market Outlook 2031
The global food enzymes market size was USD 1.94 Billion in 2022 and is anticipated to reach USD 2.93 Billion by 2031 expand at a CAGR of 4.7% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand for food owing to the rising population across the globe.
Enzymes are proteins produced by living organisms. Enzymes biological catalysts are responsible for all chemical reactions in the body. Human body transforms starch to simple sugar with help of energy enzymes, which are further used to fuel the body.
Food enzymes are active at moderate pH and temperature conditions, which make them sustainable alternatives for chemical processing in the food industry. Plant enzymes are capable of digesting food before the body’s own digestive process begins. Plant enzymes enhance the digestion of food and the delivery of nutrients to the blood. Enzymes help lactose intolerant individuals enjoy dairy products with minimal side effects.
Food Enzymes Market Trends, Drivers, Restraints, and Opportunities:
- Rising food enzyme usage in bakery products is expected to boost the food enzymes market growth.
- Increasing penetration of organized retail in urban and rural areas is anticipated to drive the food enzymes market.
- Cost-effectiveness, less time & space consumption, and ease in modification and optimization of the food enzymes are expected to boost the food enzymes market growth.
- Environment-friendly production process and waste reduction and energy saving initiatives in the food industry are expected to positively impact the growth of the market.
- Restricted temperature and pH operational range can hinder the growth of the food enzymes market.
- Rising development and advancements in enzyme engineering and the introduction of genetically engineered enzymes can create growth opportunities for the food enzymes market during forecast period.
Scope of The Food Enzymes Market Report
The report on the global food enzymes market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Food enzymes market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Carbohydrase, Protease, Lipase, and Others), Applications (Bakery, Confectionery, Dairy and Frozen Desserts, Meat, Poultry and Sea Food Products, Beverages, and Others)
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Regional Scope
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North America, Europe, South America, Asia Pacific and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kerry Inc., Koninklijke DSM Holding A/S, Jiangsu Boli Bioproducts Co., Ltd., and DuPont de Nemours.Inc
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Global Food Enzymes Market Segment Insights
Carbohydrase segment to account a major market share
Based on types, the market is divided into carbohydrase, protease, lipase, and others. The carbohydrase segment is anticipated to account for a major market share during the forecast period. Carbohydrase is classified as amylases, and cellulases. Other carbohydrase includes pectinases, lactases, mannanases, and pullulanases. Carbohydrase is used in food application industries, which includes bakery & confectionery, dairy, and processed food.
Bakery segment to account for considerable market share
Based on applications, the global food enzymes market is segmented into bakery, confectionery, dairy and frozen desserts, meat, poultry and sea food products, beverages, and others. The bakery segment is anticipated to account for a considerable market share in the projected timeline. Bakery products consist of bread, pastries, doughnuts, and rolls.
Food enzymes act as a catalyst for biochemical reactions that offer quality improvements in bakery products. On the other hand, the dairy and frozen desserts segment is expected to grow at a steady rate during the forecast period.
North America to dominate the market share
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market share during forecast period. High consumption of meat and meat products in the region is one of the major factors driving the growth of the food enzymes market in the region.
The US is the key market owing to increasing expenditure of food manufacturers and consumer preference for processed foods incorporated with naturally sourced ingredients.
Segments
The Market global food enzymes market has been segmented on the basis of
Types
- Carbohydrase
- Protease
- Lipase
- Others
Applications
- Bakery
- Confectionery
- Dairy and Frozen Desserts
- Meat
- Poultry and Sea Food Products
- Beverages
- Others
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
Competitive Landscape
Key players operating in the global food enzymes market includes Kerry Inc., Koninklijke DSM Holding A/S, Jiangsu Boli Bioproducts Co., Ltd., and DuPont de Nemours.Inc.