Global Food Enzymes Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Food Enzymes Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Carbohydrase, Protease, Lipase, and Others), Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat, Poultry and Sea Food Products, Beverages, and Other Application), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Food Enzymes Market was valued at USD 2,991.5 million in 2023 and is expected to reach USD 4,840.5 million by 2031 while growing at a CAGR of 6.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global food enzymes market growth. Food enzymes, acting as natural or microbial catalysts, facilitate biochemical reactions in food processing. These proteins serve as biological catalysts, accelerating specific chemical reactions without undergoing permanent changes. Within the food industry, enzymes play a vital role in enhancing the quality, texture, flavor, and nutritional profile of food products.
Increasing demand for processed and convenience foods, coupled with enhanced production efficiency, propels the growth of the food enzymes market. However, obstacles like stringent regulatory standards and consumer perception and acceptance may impede market expansion.
Furthermore, the global food enzyme industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Food Enzymes Market is segmented among Carbohydrase, Protease, Lipase, and Others, based on Type. In 2023, Carbohydrase accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Food Enzymes Market is segmented among Bakery, Confectionery, Dairy and Frozen Desserts, Meat, Poultry and Sea Food Products, Beverages, and Other Application, based on Application. In 2023, Beverages accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Food Enzymes Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Kerry Group PLC, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Chr. Hansen Holding A/S, Novozymes A/S, Advanced Enzyme Technologies Limited, Brain AG (Biocatalyst LTD), Associated British Foods plc, Amano Enzyme Inc., and Lumis Biotech Pvt. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Food Enzymes Market Dynamics
Drivers
Restraints
Opportunity
4. Global Food Enzymes Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Food Enzymes Market Segmentation, By Type
Global Food Enzymes Market Share Analysis, By Type
Global Food Enzymes Market Growth Analysis, By Type
Global Food Enzymes Market Trends, By Type
o Carbohydrase
o Protease
o Lipase
o Others
6. Global Food Enzymes Market Segmentation, By Application
Global Food Enzymes Market Share Analysis, By Application
Global Food Enzymes Market Growth Analysis, By Application
Global Food Enzymes Market Trends, By Application
o Bakery
o Confectionery
o Dairy and Frozen Desserts
o Meat
o Poultry and Sea Food Products, Beverages
o Other Application
7. Global Food Enzymes Market Segmentation, By Region
Global Food Enzymes Market Share Analysis, By Region
Global Food Enzymes Market Growth Analysis, By Region
Global Food Enzymes Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Kerry Group PLC*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
International Flavors & Fragrances Inc.
Koninklijke DSM N.V., Chr
Hansen Holding A/S
Novozymes A/S
Advanced Enzyme Technologies Limited
Brain AG (Biocatalyst LTD)
Associated British Foods plc
Amano Enzyme Inc.
Lumis Biotech Pvt. Ltd
*Similar analysis will be provided for each company listed above.
