Food Enzymes Market Outlook, Share, Size, Demand and Forecast 2023-2028

According to IMARC Group's latest report, titled "Food Enzymes Market Report by Type, Source, Formulation, Application and Region 2023-2028", the global food enzymes market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

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Food Enzymes Market Trends:

The increasing consumer awareness about food quality represents one of the key factors driving the growth of the market across the globe. This, coupled with a preference for natural ingredients, is propelling the demand for enzymes as alternatives to synthetic chemicals for food preservation and processing. The role of enzymes in enhancing the nutritional value of food products is an added attraction for health-conscious consumers, which is driving the market growth. The rise in demand for convenience foods, which require extended shelf life and better texture, is increasing the use of food enzymes in their production. Innovations in biotechnology are leading to the development of more effective and specific enzymes, which are expanding their application across different food types and processes. Approvals from regulatory bodies endorsing the safe use of enzymes in food and beverage items are adding credibility and encouraging manufacturers to invest in enzyme-based solutions. The growing beverage sector, including alcoholic drinks like beer and wine, requires enzymes for fermentation and clarification processes, which is further stimulating the market growth.

Key Market Segmentation:

The report has segmented the global food enzymes market based on type, source, formulation and application and region.

Breakup by Type:

• Carbohydrase:
o Amylase
o Cellulase
o Lactase
o Pectinase
o Others

• Protease
• Lipase
• Others

Breakup by Source:

• Microorganisms
• Plants
• Animals

Breakup by Formulation:

• Powder
• Liquid
• Others

Breakup by Application:

• Beverages
• Processed Foods
• Dairy Products
• Bakery Products
• Confectionery Products
• Others

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape With Key Players:

The competitive landscape of the food enzymes market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• DuPont de Nemours, Inc.
• Amway
• BASF
• DSM
• Novozymes
• Chr. Hansen
• Kerry Group
• Biocatalysts
• Puratos Group
• Advanced Enzyme Tech
• Sequence Biotech
• Amano Enzyme
• Aum Enzymes
• Bioseutica
• Dyadic International Inc.

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Industry Definition and Application:

Food enzymes are specialized proteins that act as catalysts in various biochemical processes related to food production and digestion. Used widely in the food and beverage industry, these enzymes perform functions like breaking down complex sugars into simpler forms, aiding in fermentation, and improving the texture, flavor, and nutritional content of food products. Common examples include proteases used in meat tenderization, amylases in bread-making, and lactase added to dairy products for lactose intolerance. Food enzymes can be sourced from plants, animals, and microorganisms. They are extensively employed to enhance the shelf life, appearance, and quality of products, ranging from baked goods to beverages. Their role in facilitating specific reactions makes them essential for both industrial applications and natural biological processes.

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.