Global Food Enzymes Market to Grow with a CAGR of 6.64% through 2028
Growing food and
beverage industry and increased consumer awareness is expected to drive the Global
Food Enzymes Market growth in the forecast period, 2024-2028.
According to TechSci Research
report, “Global Food Enzymes Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Food Enzymes Market stood
at USD 2345.78 Million in 2022 and is anticipated to grow with a CAGR of 6.64% in
the forecast period, 2024-2028. There has been a noticeable increase in the
demand for high-quality food and beverages globally, with a focus on both taste
and nutritional content. Consumers are shifting their preferences from regular
staple foods to nutrient-enhanced and healthy products, leading to a growing
demand for enzymes in the food and beverages industry. Food enzymes play a
crucial role in various food processing activities, including protein and
starch processing. They also contribute to the improvement of raw material
processing for dairy and alcohol fermentation. Furthermore, enzymes play a
significant role in baking. As a result, food enzymes are expected to witness
substantial adoption in the future due to their wide range of applications and
high production efficiency.
Regarding the significance of
healthy food items is steadily increasing among global consumers, leading to
the expansion of nutritional knowledge. This knowledge is associated with
various factors such as development, pollution, health complications, and
changing dietary patterns.
Moreover, governmental
initiatives to educate rural populations about nutrition, the growing number of
working women and qualified individuals, and the time constraints for meal
preparation have all contributed to the rising demand for healthy food.
Concurrently, the increasing population in Asia-Pacific countries, the
introduction of new food categories, the availability of Western products, and
the rise of nuclear families have further fueled the demand for nutritious
food.
Each of these contributing
factors emphasizes the need for enzymes in the production of nutritional food
products. Enzymes enhance the nutrient content and aid in food digestion,
breaking down food into recombinant proteins, lipids, and carbohydrates for
better nourishment. Additionally, as the population shifts towards larger food
categories and places greater importance on health, consumers are increasingly
seeking nutritionally dense and wholesome food options. This has led to
increased production by food manufacturers, who are incorporating enzymes into
their offerings to address the nutritional needs of the population.
Consequently, the global food enzymes market is experiencing significant
growth.
Fermented food and beverages
are obtained through the process of fermentation, during which microorganisms
like yeast and bacteria break down components of food, such as sugars like
glucose, into other products like organic acids, gases, or alcohol. This
fermentation process imparts unique and desirable taste, aroma, texture, and
appearance to these food items.
In recent times, the
increasing awareness about health among consumers has led to a growing demand
for fermented foods and beverages. The presence of beneficial bacteria in these
fermented products offers various health benefits. Improved gut functionality
is one of the advantages associated with consuming fermented foods and drinks.
Given that digestive disorders, obesity, and diabetes are significant concerns
for consumers, they have become more mindful of their dietary habits and
preferences.
The rapidly expanding food
processing industry, coupled with growing consumer awareness of nutritional
products, serves as the catalyst for market growth. There is an increasing
demand for nutrient-dense, high-quality food and beverages. Furthermore, the
shift in consumer dietary preferences towards natural, organic, and
chemical-free foods has contributed to the adoption of food enzymes. Moreover,
the rising demand for frozen and processed food products is driving the growth
of the Food Enzymes Market. Additionally, the beverage industry has witnessed
an increased consumption of both alcoholic and non-alcoholic beverages, thereby
amplifying the utilization of food enzymes.
Browse over 26 market
data Figures spread through 91 Pages and an in-depth TOC on "Global
Food Enzymes Market”
The Global Food Enzymes Market is
segmented into type, application, source, regional distribution, and company.
Based
on type, the carbohydrase segment is expected to dominate the global food
enzymes market in the forecast year. Among the different types of food enzymes,
carbohydrases dominated the overall market share in 2022 and are expected to
maintain their dominance throughout the forecast period. Carbohydrase enzymes,
particularly used in baking and brewing industries, facilitate the conversion
of carbohydrates into simple sugars. One subtype of carbohydrase enzyme,
amylase, finds significant application in the production of bakery products.
Additionally, it is utilized in the beverage industry for beer formulation.
Apart from carbohydrases, proteases and lipases are commonly used in the dairy
sector.
Based
on region, North America segment is expected to grow during the forecast
period. North America holds the highest
market share in the food enzymes market, driven by the growing adoption of
naturally derived foods. The region is expected to maintain its dominance
throughout the forecasted period. The increasing consumer perception that
organic additives are both healthy and safe is fueling the demand for food
enzymes in North America.
The
demand for premium processed meals without chemical additives has led to the
widespread use of enzymes in various food systems. Major players in the
industry are investing more in novel solutions, such as high-precision enzymes,
thereby contributing to the expansion of the market in the region.
Moreover,
the Asia Pacific region is experiencing rapid growth in the food enzyme market,
primarily due to the thriving food and beverage industry. The region's adoption
of Western diets, coupled with the rising demand for bread items, dairy
products, and beverages, is driving the market. These products are expected to
increasingly utilize food enzymes instead of synthetic chemicals, in response
to growing concerns about sustainability and food safety. The growing working
population is also anticipated to boost the demand for processed food, directly
contributing to the market growth in the Asia Pacific region.
Major companies
operating in Global Food Enzymes Market are:
- DuPont de Nemours, Inc.
- Amway, BASF
- DSM, Novozymes
- Chr. Hansen
- Kerry Group
- Biocatalysts
- Puratos Group
- Advanced Enzyme Tech
- Sequence Biotech
- Amano Enzyme
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“Food enzyme manufacturers are diligently working towards
developing enzymes that can function effectively across a wide range of
temperatures and pH levels. However, there is still considerable progress to be
made before enzymes can be widely utilized in all food and beverage
manufacturing processes, which is hindering market growth. Various
technological licensors are providing small-scale manufacturers with the
opportunity to produce programmable enzymes that can be scaled up to meet the
demand for large volumes. One such licensor is Dyadic International Inc., which
offers its C1 platform technology to smaller players, empowering them to
produce substantial quantities of high-mobility food enzymes on-site.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global
Food Enzymes Market By Type (Carbohydrase, Lipase,
Protease, Others), By Application (Bakery Products, Beverages, Dairy Products,
Others), By Source (Microorganisms, Animals, Plants), By Region, By Competition
Forecast & Opportunities, 2018-2028F”, has evaluated the future
growth potential of Global Food Enzymes Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Food Enzymes Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com