Food Enzymes Market Size Worth USD 3,309.9 Million in 2028-Emergen Research
According to Emergen Research, the global food enzymes market is expected to reach USD 3,309.9 million by 2028, with a revenue CAGR of 6.1%. Rising demand for food enzymes from the food and beverage industries is driving steady market revenue growth. Enzymes are used in a variety of applications, including cheese production, bakery items, fruit production, starch processing, and beverages and drinks. These ingredients improve texture, nutritional value, appearance, and produce a pleasing aroma and flavour. Enzymes are being used as a replacement for synthetic chemicals in a variety of processes as an alternative to existing chemical-based technologies. Enzymes also contribute to environmentally friendly manufacturing processes through biodegradability and lower energy consumption during production.
Furthermore, the population is shifting toward more value-added food categories, and their quest for health has a significant impact on nutritional products. As a result, consumers increasingly prefer nutritionally dense, healthy foods, leading to increased production by food processors. As a result of the increasing need to meet the nutritional needs of the population, nutritional food manufacturers are increasingly incorporating enzymes into their products, driving the growth of the global food enzymes market.
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Amano Enzyme Inc., Enzyme Bioscience Pvt. Ltd., DuPont, Royal DSM, Biocatalysts Ltd., Novozymes, Kerry Group, Associated British Foods PLC, Puratos Group, and Chr Hansen Holding A/S.
Some Key Highlights from the Report
In June 2019, North American business unit of The Brenntag Food & Nutrition made an announcement about signing a new distribution contract with AB Enzymes, Inc. to distribute its enzymes in Canada and US.
Among the source segments, microorganisms segment accounted for largest revenue share in 2020. Enzymes produced from microorganisms, including bacteria, fungi, and yeast, find extensive use in various food preparations to enhance texture and flavor. These are the favored enzyme sources owing to offering of various benefits, including cost-effectiveness, ease and consistent production. Also, these enzymes are more stable as compared to animal and plant sources.
Among the type segments, protease segment accounted for significantly large revenue share in 2020. Protease helps in several vital body functions, such as aiding food breakdown for energy. These enzymes help in reducing inflammation and ease body pain, including joint pain.
Among the application segments, beverages segment revenue is expected to register faster CAGR over forecast period. Rising demand for beverages such as juices due to increasing health consciousness among consumers is driving demand. Juice extraction using enzymes aids in higher yield. Also, addition of enzymes promotes release of several phenolic and nutritional ingredients in juice.
Emergen Research has segmented the global food enzymes market on the basis of source, product type, application, and region:
Source Outlook (Revenue, USD Million; 2018–2028)
Product Type Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
Bakery & Confectionery Products
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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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