Food Enzymes Market- Detailed Analysis and Forecast by 2023

Enzymes are proteins that act as catalyst for the biochemical reactions and metabolic activities in the body. Enzymes help in digestion, muscle contraction and elimination of waste in the body. The normal diet might not provide essential enzymes required for the body, as the cooked and processed foods eliminate the enzyme content. The food enzymes are extracted from animals, plants or by fermentation process involving microorganisms. Modern commercial food enzyme production involves breeding of optimized microorganisms and advanced biotechnology techniques for genetically modification of organisms for obtaining enzymes with desired characteristics. Alpha-amylase, glucoamylase, beta-glucanase, lipase, papin, chymosin, microbial proteases, pectinase, lactase, cellulose, glucose oxidase and some others are major food enzymes. Food enzymes find applications in food industry ,such as  breaking  down glucose, converting starch to other forms, enhancing  flavor and reducing ripening time of cheese, tendering meat, curdling the milk, processing animal and plant protein, processing  fruit pulps, additive to dairy products, converting  cellulose waste to fermenting feedstock  and many others. Enzymes are widely used for the production of alcoholic and nonalcoholic beverages.

Novozymes A/S, AB Enzymes, Daniscoand  Koninklijke DSM NV are the major players in the food enzymes market and they invest heavily on research and development and improving production capabilities.  Acquisitions & mergers, entry of private labels, high production and sales of the enzymes characterizes the global food enzymes market.

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The increasing awareness about the nutritional benefits of enzymes in processed food and expansion of the retail networks globally are increasing consumption of processed food and it is driving the growth of the global food enzymes market. The growth of demand for bakery, confectionary and dairy products are expected to drive the growth of market, as enzymes find lot of applications in processing of these products. The increasing consumption of alcoholic & non-alcoholic beverages drive the increase in demand for enzymes for fermentation process in food and beverages industry and it is expected to drive the growth of the food enzymes market. Carbohydrase is the dominant segment in the food enzymes market, as major carbohydrase enzymes such as amylase, cellulose, pectinase, lactinase and some others find wider applications in food and beverages industry. Technological innovations related to enzymes based food processing are anticipated to boost the growth of the global food enzymes market, as it will makes processes cost effective and reduce duration of process. The innovation in the use of immobilized enzymes is expected to radically change the fermentation process for producing amino acids, aspartic acid, sweeteners devoid of nutrition and some other products, and it is expected to drive the growth of the market during the forecast period.

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Counterfeiting practices related to packaging, issues in brewing industry, stringent regulations regarding enzymes in some countries, unclear regulatory frame works in some countries, high costs related to research and development are the major restraints in the global food enzymes market. The emergence of applications for enzymes in nutraceutical products is expected to provide opportunities for the major players in the global food enzymes market, during the forecast period 2017-2023.

Segments Covered

The report covers the analysis of global as well as regional markets of food enzymes market. Moreover, the global food enzymes market is segmented by application, by source and by type. The global food enzymes by application cover bakery, confectionary, dairy and food& beverages. On the basis of source, the market is segmented as animals, plants and microorganisms. Based on type, the market is segmented as carbohydrase, lipase, protease and some others.

Geographies covered

The global food enzymes Market covers analysis of regions such as North America, Europe, Asia-Pacific and RoW (including Latin America, Middle East and Africa). Among geographies, North America is the largest food enzymes market in the world followed by Europe and Asia-Pacific. Increasing consumption of meat products, cereals and other processed food products drives the demand for enzymes such as lipase and protease and it is driving the growth of the North American food enzymes market. Europe is anticipated to attain moderate growth due to the stringent European Union regulations related to enzymes. However, the increasing demand for processed foods is expected to drives the growth of the European food Enzymes market. Increasing demand for processed foods in populous countries, such as China and India, due to the change in lifestyle and food preferences involving western food delicacies, drives the demand for food enzymes in the Asia-Pacific region.

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Latin America is expected to become the fastest growing food enzymes market in terms of, CAGR during the forecast period. Latin America as a major food produce and meat produce exporters find enzymes very useful in food processing and dairy industry. Moreover, the increasing consumption of packaged foods, bakery and confectionary foods in major Latin American countries such as Brazil and Argentina, due to the urbanization and changing lifestyles, drives the growth of the Latin American food enzymes market. Middle Eastern and African food enzymes markets are expected to attain significant growth during the period, as the awareness about the food enzymes are increasing along with the demand for the packaged food products.

Companies Profiled

The companies covered in the report include manufacturers of global food enzymes market include AB Enzymes GmbH, Advanced Ezymes Technologies Ltd, Amano Enzyme Inc, Associated British Foods Plc, AUM Enzymes, Chr Hansen Holdings A/S, Danisco, Dyadic International Inc, Jiangsu Boli Bioproducts Co. Ltd, Koninklijke DSM NV, Novozymes A/S and Puratos Group NV.

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