Press release
Food Enzymes Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Food Enzymes Market
The market size for food enzymes has experienced robust growth in recent years. It is expected to expand from $2.58 billion in 2024 to $2.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The considerable growth in the historic period can be credited to a heightened understanding of the health advantages related to enzyme-enhanced products, the growth of the worldwide food and beverage industry, official approval for enzyme application, breakthroughs in enzyme production technologies, and an escalated emphasis on sustainability and cost efficiency in food manufacturing.
In the coming few years, robust growth is predicted in the food enzymes market which is anticipated to reach $3.66 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%. This growth during the forecast period can be credited to the escalating demand from consumers for clean-label and plant-based items, increasing knowledge of the health benefits stemming from enzyme-rich diets, expanding use in functional foods, and the growing adoption of enzyme technology in food preservation and waste reduction initiatives. Emerging trends within the forecast period encompass advancements in enzyme engineering, a heightened emphasis on personalized nutrition solutions using enzyme technology, the development of innovative enzyme formulations, the employment of enzyme-based strategies for waste reduction in food, and the use of advanced biotechnological techniques to improve enzyme functionality.
What Factors Are Fueling Growth in the Food Enzymes Market?
The escalating need for processed food items is predicted to fuel the expansion of the food enzyme market in the future. Processed foods are products that have been chemically, physically or mechanically altered from their basic form to make them suitable for human consumption. Factors such as the fast-paced modern lifestyle, advancements in food processing technology, urbanization and increased disposable income are contributing to the growing demand for these processed foods. Food enzymes, serving as catalysts, enhance chemical reactions in the production of these foods without being used up. For example, in October 2023, as stated by Agriculture and Agri-Food Canada (AAFC), a government department focused on agriculture and food-related products in Canada, the exports of processed food and beverage products hit a record high of $54.3 billion in 2022, showing a 14.1% rise from 2021. These exports accounted for 34.7% of the overall production value. Hence, the swelling demand for processed food products is promoting the expansion of the food enzyme market.
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Which Businesses Are at the Forefront of Food Enzymes Market Development?
Major companies operating in the food enzymes market are International Flavors & Fragrances Inc., Kerry Group, Soufflet Group, Koninklijke DSM N.V., Novozymes A/S, Chr. Hansen Holding A/S, MP Biomedicals, Biocon Limited, Advanced Enzymes Technologies Ltd., AB Enzymes GmbH, Bioseutica B.V., Specialty Enzymes & Biotechnologies Co., Nagase America LLC, Amano Enzyme Inc., SternEnzym GmbH & Co. KG, Enzyme Development Corporation, Sacco System Group, Lumis Biotech Pvt. Ltd., Jiangsu Boli Bioproducts Co. Ltd., Dyadic International Inc., Aum Enzymes, Creative Enzymes, Sunson Industry Group Co. Ltd., Noor Enzymes Pvt. Ltd.
What Are the Latest Innovations in the Food Enzymes Market?
Key food enzyme market players are turning their focus towards the development of cutting-edge solutions like lactase technology, with a goal to refine the production methodology of lactose-free dairy items. This technology makes use of particular enzymes, notably lactase, to stimulate the decomposition of lactose (a sugar present in milk and dairy products) into simpler sugars like glucose and galactose during food processing. As an illustration, DSM-Firmenich, a nutrition and health firm based in the US, introduced Maxilact Next in May 2023. As the purest and most potent lactase, Maxilact Next operates at a speed roughly 25% quicker than its previous version, which results in a 25% decrease in hydrolysis time for identical doses. This progress equips lactose-free dairy manufacturers with the ability to boost productivity, enlarge production potential, and fine-tune resource usage, all the while maintaining the taste of lactose-free goods. Maxilact Next builds upon the current Maxilact range, utilizing more than fifty years of proficiency in lactose-free dairy manufacturing to provide an all-inclusive collection of high-quality solutions.
How Is the Food Enzymes Market Segmented?
The food enzymes market covered in this report is segmented -
1) By Type: Carbohydrase, Lipase, Protease, Other Types
2) By Source: Microorganisms, Animals, Plants
3) By Formulations: Powder, Liquid, Other Formulations
4) By Application: Bakery Products, Beverages, Dairy Products, Processed Foods, Confectionery Products, Other Applications
Subsegments:
1) By Carbohydrase: Amylase, Glucoamylase, Xylanase, Cellulase, Pectinase
2) By Lipase: Animal-Sourced Lipase, Plant-Sourced Lipase, Microbial Lipase
3) By Protease: Acid Protease, Alkaline Protease, Neutral Protease, Fungal Protease, Bacterial Protease
4) By Other Types: Lactase, Phytase, Protease Inhibitors, Esterase
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Where Is the Food Enzymes Market Growth Most Prominent?
North America was the largest region in the food enzymes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Food Enzymes Global Market Report?
- Market Size Analysis: Analyze the Food Enzymes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Enzymes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Enzymes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Enzymes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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