Global Food Enzymes Market worth to reach $2.97 billion by 2021.

The Global Food Enzymes Market was worth $2.06 billion in 2016 and estimated to be growing at a CAGR of 7.7%, to reach $2.97 billion by 2021. To enhance the nutritional value of foods, Food Enzymes are increasingly used by food processing industries in their products. These enzymes involve in the breakdown of fats and complex carbohydrates present in food into simpler molecules during digestion and metabolism.

Food enzymes also help to break down pectin present in plant cell walls. Hence, food enzymes are used in alcoholic and non-alcoholic beverages production to increase the quality of juice extracted. Nutraceutical products are one of the latest advancements in the use of enzymes. To provide for the lack of proper nutrients in daily foods, nutraceutical products are being introduced by food manufacturers. These products easily fit into daily diets of people and offers positive nutritional benefits.

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The use of food enzymes in the fermentation industry is one of the major factors driving the global food enzymes market. The high performance of food enzymes and the nutritional benefits associated with them also contribute to the growth of the market. Increasing innovation of new ways to apply food enzymes in various food products is also driving this market. However, the side effects related to health due to the use of some enzymes in the food products is one of the major restraints of the market. Unclear regulatory processes also restrain the food enzymes market.

On the basis of type of enzymes, food enzymes market is segmented into Carbohydrases, proteases and Lipases. Carbohydrases dominate food enzymes market in this segment holding almost 40% of the market share. This is due to the increasing application of carbohydrases in brewery and dairy industries. On the basis of application, food enzymes market is segmented into Beverage, Processed Food, Dairy, Bakery and Confectionery. To increase the shelf life of the products, food enzymes are largely used in Bakery products and hence Bakery holds the largest market share in this segment followed by Dairy products. On the basis of source of food enzymes, the market is segmented into Plants, Microorganism and Animal. On the basis of Form, food enzymes are segmented into Lyophilized Powder and Liquid form.

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Geographically, global food enzymes market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America dominates the global market holding the largest market share followed by Europe and Asia-Pacific. This is due to the increased demand for exotic foods in developed countries of North America and Europe. Asia-Pacific is the fastest growing market for food enzymes market due to the change in food habits of people because of westernization of developing countries of Asia.

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The major companies operating in global food enzymes market include AB Enzymes GMBH, Advanced Enzymes Technologies Limited, AUM Enzymes, Dyadic International Inc., E.I. DUPONT DE Nemours & Company, Jiangsu Boli Bio products Co. Ltd, Novozymes A/S, Sunson Industry Group Company Limited, Nagase Chemtex Corporation, and Puratos Group NV.

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