The global Food Enzymes Market size is expected to be worth USD 1.83 Billion in 2024. It is expected to grow at a CAGR of 7% during the forecast period and reach a value of USD 2.57 Billion by 2029.
As the demand for prepared foods increased, the F&B sector further strengthened its product portfolio with the advent of frozen foods, packaged foods, and processed foods. Food enzymes are biological catalysts. Food enzymes speed up biochemical reactions within human cells and affect all body functions. They promote cellular response by lowering the energy threshold required for the reaction. This enzyme helps improve the quality of food by simplifying food processing steps. Enzymes are widely used in food processing to mitigate potential health risks. Using advanced technology, new enzymes have been developed in a wide range of applications. Packaged foods consist of complex molecules that are difficult to digest naturally. As the intake of packaged foods increases worldwide, the application of food enzymes has inevitably developed for F&B companies. Food enzymes are often used as additives to improve the overall texture, sustenance, and shelf life of the products.
Global Food Enzymes Market Drivers:
The improving food quality, increasing demand for processed foods, and growing awareness of healthy and nutritional foods are primarily driving the growth of the food enzymes market. The world market for food enzymes is supposed to experience growth during the forecast period. Due to its environmentally friendly properties, the increasing global application of food enzymes in end-use markets such as beverages, dairy products, and confectionery is deemed to be a significant driver of market growth in the next seven years. The bakery is assumed to remain the largest end-use industry in food enzyme applications due to its improved shelf life, dough stability, and dairy and beverage properties. Food and beverage enzymes are mainly produced from microbial sources due to their low cost and high productivity. The increasing application of food enzymes in various end-user industries around the world is contributing to the growth of the global food enzyme market.
The growth of the global food enzyme market is presumed to accelerate during the outlook period as the slope of prepared foods increases along with the rise in the workforce in emerging countries. The trend of developing food processing technology and the rapid development of the beverage industry are expected to increase the demand for food enzymes in each sector. With the increasing consumer awareness of the nutritional and health advantages, the demand for these food enzymes is snowballing. This has led to increased adoption of food enzymes in many food applications, such as the frozen food manufacturing industry and packaged food units. The use of food enzymes in food manufacturing equipment makes the process more environmentally friendly, reducing the waste of raw materials and greenhouse gas emissions. The properties of food enzymes, such as digestion, softening, and stem prevention, are expected to fuel the growth of the food enzyme business. The reduction in carbon emissions and waste of raw materials is anticipated to accelerate the growth of the food enzyme market during the projection period.
Along with increased productivity, the change in the trend toward healthy foods is also expected to increase the growth of the food enzyme market. The increase in per capita income, together with the penetration of the product is foreseen to have a positive effect on the demand for food enzymes, increasing the growth of the global market. Technological innovations and updates are supposed to be the main drivers of market growth during the forecast period. The latest trends, like protein fortification, are foreseen to propel the demand in the global food enzymes industry, along with the creation of immense growth potential for market players. It is assumed to work in adverse conditions and improve efficiency to promote the growth of the food enzyme business and provide opportunities for industry players.
Global Food Enzymes Market Restraints:
The health risks associated with consuming excess food enzymes will hinder market growth and challenge industry participants during the projection period. Furthermore, growth in the food enzyme market is limited due to factors such as high R&D costs, counterfeiting of food packaging, unclear and irregular regulatory processes, restrictions related to temperature ranges and pH, and limitations in the brewing industry. Recent legislation to address the risks associated with the use of food enzymes in the food industry is expected to hamper growth.
Market Size Available
2023 to 2029
2024 to 2029
By Type, Application, Source, Form & Region
Various Analyses Covered
Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global food enzymes market has been segmented and sub-segmented based on type, application, source, form & region.
Global Food Enzymes Market - By Type:
Global Food Enzymes Market - By Application:
Global Food Enzymes Market - By Source:
Global Food Enzymes Market - By Form:
Global Food Enzymes Market – By Region:
North America is anticipated to remain a significant local market with a notable market share, followed by Europe as demand for processed foods increases in countries such as the United States and Canada. The growing demand for processed foods in the European food industry is expected to lead the market for food enzymes in the region. Europe is predicted to grow below-average growth for the reasons mentioned above. The Asia-Pacific region is presumed to have the fastest-growing emerging economies in countries such as China, India, and Japan as end-use applications and demand for processed foods increase. Rapid urbanization, coupled with an increasing standard of living, is demanded to be a significant driver for changing consumer tastes and preferences in Asia Pacific countries, including China and India. As awareness of healthy food increases, demand for food enzymes is expected to increase in developing countries, and growth in the food enzyme market is expected to increase. Manufacturers are aware of the potential markets in the Asia Pacific and Latin America and are well-versed in the global shift toward new and exotic flavors. South Africa and Brazil are also expected to witness changes in eating habits and show significant market growth during the outlook period.
KEY MARKET PLAYERS:
Nagase Chemtex Corporation, 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 and Puratos Group NV are some of the major companies in the global food enzymes market. DuPont invests in marketing and branding to develop product promotion and increase sales.
RECENT HAPPENINGS IN THE MARKET:
Food enzymes are generally considered safe and can benefit individuals with specific food intolerances. For example, enzyme preparations may be used to reduce gluten content in wheat-based products.
Challenges include stability issues during processing, cost considerations, and the need for extensive research to develop enzymes with specific functionalities. Regulatory compliance is also a key consideration.
The market is expected to grow as demand for processed and convenience foods increases. Ongoing research in biotechnology and enzyme engineering will likely lead to innovations and expanded applications in the food industry.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]