Food Enzymes: Enzyme Technologies in Future Foods
The global food enzymes market is expected to grow at a CAGR of 7.5% to reach $3,125.1 million by 2024 from $2,176.9 million in 2019.
The enzymes produced from plants, animal tissues, and microorganisms are used in food industry for wide applications. The enzymes in food industry are used mainly for stabilizing and clarifying beverages, reducing ripening time in dairy and meat products, increasing loaf volume of bread, improving quality and yield of products, modifying fats, and tenderizing meats. In order to improve production processes while optimizing costs and guaranteeing quality, the food industry is always looking for new and innovative ingredients to obtain the best quality products. Thus, growing importance of enzymes in food industry is fueling growth of food enzymes market.
Growing awareness about nutritional requirements drives the market for food enzymes
The global awareness about nutritional food products is increasing rapidly. This nutritional awareness is associated with increasing urbanization, pollution, health diseases, and changing dietary habits. Also, factors such as the government initiatives in educating rural people about nutrition, increasing proportion of working women, educated people, and availability of less time for food preparation have increased the demand for nutritional food. Simultaneously, with increasing population in Asian countries, introduction of new food categories, exposure to western products, and rising number of nuclear families leads to boost the demand of nutritional food. All these factors help to drive the demand for food enzymes from nutritional food product manufacturers, as products produced with the help of enzymes have high nutritional value and helps in the digestion of food as well as breakdown of ingested food into vital proteins, fats, and carbohydrates to provide optimal nutrition.
Moreover, the population is ever changing towards more value-added food categories and their hunt for health is having a great impact on the nutritional products. As a result, consumer increasingly prefers nutritionally rich healthy food, which in turn leads to its increased production by food processors. Hence, with the growing need to meet nutritional requirement of population, nutritional food manufactures are increasingly incorporating enzymes into their products, thereby driving the growth of global food enzymes market.
Emergence of developing countries as a strong consumer for the nutritional products
Demand for food enzymes in matured economies such as the U.S., Western Europe, Japan, and Canada was relatively stable during the recent times, while developing economies of Asia-Pacific, Eastern Europe, and Middle East and Africa are boosting the growth of food enzymes market and holds huge potential for future growth. Countries like China, India, South Africa, Nigeria, Argentina, and Brazil are expected to be the fastest growing markets for food enzymes. Over the recent years, these economies have seen fast and significant changes in food consumption levels and patterns. The increasing urbanization and population growth in Asia and Africa is primarily responsible for the demand of food enzymes in these emerging markets. Due to urbanization, consumers are being exposed to a much wider choice and better availability of nutritional or functional food products within the urban environment, compared to those who are living in rural areas. Thus, increasing nutritious processed food consumption from these economies makes them a land of opportunities for food enzymes manufacturers.
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Key findings in the global food enzymes market study:
Carbohydrase dominates the global food enzymes market
Carbohydrase commanded the largest share of the global food enzymes market in 2018. They are further classified as amylase, cellulase, lactase, pectinase, hemicellulase, and others such as galactosidase and glucomylases. The large share of carbohydrase is mainly attributed to its increased applications in beverage and dairy industry and advances in technological capabilities. However, lipase is expected to grow at a fastest CAGR during the forecast period owing to various factors including its low extraction cost; growing demand from dairy manufacturers; ease of handling, and properties such as high stability towards temperatures and solvents, wide pH range, and broad substrate tolerance.
Dairy industry application segment to post fastest growth
The food enzymes in the dairy industry are involved in dairy fermented products as well as in the process of converting milk to lactic acid and coagulated milk to curd. Amylase, lipase, and protease are the important food enzymes for dairy industry that plays an important role in degrading milk into monomeric molecule such as oligosaccharide, amino acids, and fatty acids, which are the main molecules responsible for flavors in cheese. The demand of food enzymes from dairy industry is expected to grow at a fastest CAGR during the forecast period which is attributed to increasing milk output, growing trend of eating healthier food products, high awareness about health condition, and growing lactose-intolerance population.
Asia Pacific: fastest growing regional market
The Asia- Pacific food enzymes market is developing and expanding at a rapid pace, which is mainly attributed to the global shift of manufacturing from North America & Europe to Asia-Pacific region and related rise in the demand for food enzymes from the food manufacturers. In addition, rising industrialization and significant growth in food processing industry, growing government initiatives to improve the food processing sector, and huge availability of raw material are the key factors propelling the growth of the Asia-Pacific food enzymes market.
Key Players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016–2019). The key players profiled in the global food enzymes market are AB Enzymes GmbH (Germany), Novozymes A/S (Denmark), Koninklijke DSM N.V. (The Netherlands), Dupont Industrial Bioscience (U.S.), Biocatalysts Limited (U.K.), Kerry Group (Ireland), Amano enzyme Inc. (Japan), Chr. Hansen Holding A/S (Denmark), Aum Enzymes (India), Advance Enzyme Technologies Ltd. (India), Enzyme Development Corporation (U.S.), Enmex S.A. de C.V. (Mexico), Jiangsu Boli Bioproducts Co., Ltd (China), and Leveking (China).
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Scope of the Report:
Market by Source
- Microorganisms
- Fungi
- Bacteria
- Yeast
- Animal
- Plant
Market by Type
- Carbohydarse
- Amylase
- Lactase
- Pectinase
- Cellulase
- Hemicellulase
- Protease
- Lipase
- Others
Market by Form
- Liquid
- Solid
Market by Application
- Bakery
- Dairy
- Beverage
- Meat, Fish, and Egg Processing
- Grain and Oilseed Processing
- Others
Market by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- RoE
- Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- RoAPAC
- Rest of World
- Latin America
- Brazil
- Mexico
- Argentina
- RoLATAM
- Middle East and Africa
𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐭𝐨 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4955
Key questions answered in the report-
- Which are the high growth market segments in terms of source, type, form, application, and region/countries?
- What was the historical market for food enzymes across the globe?
- What are the market forecasts and estimates for the period of 2018–2024?
- What are the major drivers, restraints, opportunities, and challenges in the global food enzymes market?
- Who are the major players in the global food enzymes market?
- How is the competitive landscape and who are the market leaders in the global food enzymes market?
- What are the recent developments in the global food enzymes market?
- What are the different strategies adopted by the major players in the global food enzymes market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global food enzymes market and how do they compete with the global players?
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