According to the current analysis of Reports and Data, the global Food Enzyme Market was valued at USD 2.26 Billion in 2018 and is expected to reach USD 3.80 Billion by the year 2027, at a CAGR of 6.7 %. Enzymes are a type of protein molecules that are available in all living things. They speed up chemical reactions, in many cases increasing the rate of reaction millions of times. They also help digestion, cut and metabolize waste in humans and animals, as well as play a crucial role in muscle contraction. Enzymes have been used in the production of food, like dough making. This is done by removal from plants or animals or may be done by fermentation from micro-organisms.
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Competitive Landscape:
The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.
Key Players Profiled in the Report are:
- Associated British Foods Plc. (ABF)
- Advanced Enzyme Technologies
- Amano Enzyme Co., Ltd.
- BASF
- Hansen Holding A/S
- DowDuPont
- Kerry Group PLC
- Novozymes
- Royal DSM N.V.
- Aum Enzymes.
Further key findings from the report suggest
- In March 2018, DSM launched Maxilact® Smart, a lactase enzyme that enables a notable increase in production efficiency and capacity, while allowing dairy producers to meet growing demand for lactose-free dairy products.
- Increasing product demand in food and animal feed application because of its proteinaceous nature is expected to boost market growth.
- Enzymes are commonly used in the baking industry, fruit juice & cheese manufacturing, and brewing. The carbohydrase segment dominated the overall food enzymes market share in 2018 and is expected to remain dominant during the forecast period.
- Consumers are shifting their choice from regular staple food to nutrient-enhanced healthy food products, thereby fostering the growing demand for enzymes in the food & beverages industry.
- Development of fermentation techniques for the production of microbial enzymes helps in providing an extensive supply of enzymes. Bacteria, fungi, and yeast are used for the biosynthesis of various enzymes that are further used in several commercial applications.
- Asia-Pacific regional segment of the food enzyme market is expected to remain highest growing segment during 2019-2026, at a CAGR of 8.2%, owing to the rising awareness, market potential for existing products, and unexplored application segments.
- Lipases were valued at 308.3 million in 2018 and are expected to reach 500.45 million in 2026 due to increased use of this enzyme in food industry which promotes market growth.
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Segments covered in the report:
Type (Revenue, USD Million; 2016–2027)
- Carbohydrase
- Protease
- Lipase
- Polymerases
- Nucleases
Applications (Revenue, USD Million; 2016–2027)
- Beverages
- Processed foods
- Dairy products
- Bakery products
- Confectionery products
- Others (meat, poultry, and fish tenderizing)
Source (Revenue, USD Million; 2016–2027)
- Microorganisms
- Bacteria
- Fungi
- Plants
- Animals
Regional Analysis:
The report offers clear insights into the regional bifurcation of the market with regards to the regions where the market has already established its prominence. Furthermore, it analyzes the key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and the presence of prominent players in each region. The regional analysis segments also offer a country-wise analysis to offer a panoramic view of the market.
The regional analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The Food Enzymes Market Report Offers:
- Deep insights into the Food Enzymes market landscape
- Key details about the regional segmentation of the Food Enzymes market
- Analysis of the crucial market trends with regards to both current and emerging trends
- Comprehensive impact analysis of COVID-19 pandemic on the Food Enzymes industry
- Extensive overview of the key manufacturers and prominent players of the industry
- Comprehensive study of the market segmentation and recent developments
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