Press release
Food Enzymes Market to Cross USD 4.28 billion by 2029, Global Trends, Size, Growth Strategies and Forecast
Food Enzymes Market Overview:Enzymes derived from plants, animal tissues, and microorganisms are widely used in the food industry. Enzymes are primarily used in the food industry for stabilising and clarifying beverages, reducing ripening time in dairy and meat products, increasing loaf volume of bread, improving product quality and yield, modifying fats, and tenderising meats. The food industry is constantly looking for new and innovative ingredients to obtain the highest quality products while optimising costs and ensuring quality. As a result, the growing importance of enzymes in the food industry is fueling the growth of the food enzymes market.
The Food Enzymes Market is expected to grow at a CAGR of 3.65% to reach USD 4.28 billion by 2029 from USD 3.1 billion in 2020.
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Food enzymes are complex compounds that act as catalysers and are widely used in the food processing industry to increase variety, diversity, and quality. Food enzymes are widely used in food processing due to their numerous benefits, which include flavour, texture, and smell enhancement, as well as coagulation, preservation, and tenderization.
Food Enzymes Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are DuPont, Associated British Foods plc, DSM, Novozymes, and Kerry Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc, CHR. Hansen Holdings A/S and Others
Recent Development
February 2022: Global expert in flavor and nutrition Kerry expanded its experience, technology, and production capabilities through the acquisitions of C-LEcta and Enmex in the biotechnology sector. The strategic acquisition of Enmex will bolster Kerry's existing enzyme portfolio and expand its ability to change cereals and grains with enzymes.
In June, 2021, International Flavors & Fragrances Inc., (IFF) had launched a new enzyme for dairy products named Nurica in the U.S. Nurica uses the lactose in milk to produce a high production of prebiotic galacto-oligosaccharides (GOS) fibres naturally. The ingredient balances sweetness and natural milk clean notes while lowering sugar and lactose levels.
In March 2021, IFF announced the launch of Enovera 3001, an enzyme for the bakery industry in North America. It allows industrial bakers to formulate without compromising dough strength, texture or taste.
In January 2021, DuPont Nutrition & Biosciences (DuPont) launched NovaGARD NR 100-G, part of the DuPont Danisco range of antimicrobials, keeps meat products safe and high in quality throughout shelf life in the Middle East and Africa (MEA).
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Key Findings
Global food enzyme manufacturers find massive opportunity in China, owing to the huge demand for enzymes in processing food & beverage products.
Application of food enzymes in dairy & frozen desserts is witnessed to be the fastest growing segment over the forecast period.
Food Enzymes Market Segmentation:
Food Enzymes Market by Type, 2020-2029, (USD Millions)
Carbohydrate
Amylase
Cellulase
Lactase
Pectinase
Other Carbohydrates
Proteases
Lipases
Polymerase & Nuclease
Food Enzymes Market by Application, 2020-2029, (USD Millions)
Food
Beverages
Food Enzymes Market by Form, 2020-2029, (USD Millions)
Lyophilized Powder
Liquid
Food Enzymes Market by Source, 2020-2029, (USD Millions)
Microorganism
Plant
Animal
Growth Factors:
Increasing demand from the Food Enzymes industries
The growing use of Food Enzymes in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Food Enzymes Market
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Food Enzymes Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Food Enzymes Market Trends
- The report identifies, determines, and forecasts the Global Food Enzymes Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Food Enzymes Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Food Enzymes Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Food Enzymes Market.
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