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Food Enzymes Market Size, Demand, Growth, Application, Opportunities And Forecast To 2027

Reports And Data

Reports And Data

Rising geriatric population, the rising chances of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management

NEW YORK CITY, NEW YORK, UNITED STATES, October 21, 2021 /EINPresswire.com/ -- According to the current analysis of Reports and Data, the global Food Enzyme market was valued at USD 2.75 Billion in 2019 and is expected to reach USD 3.91 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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Increasing geriatric population, the rising prevalence of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management are contributing to the growth of the food enzyme market. Growing demand for specialty enzymes such as pharmaceutical, diagnostics, research, and biotechnology is expected to be one more factor driving the growth. Growth of these animal-derived enzymes in various diseases or conditions, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer boosts the growth of the market. Introduction of cold-adapted enzymes is also one of the major factors that fuel the food enzymes market growth. Narrow temperature and pH stability spectrum along with allergies associated with protease and peptides and the public’s perception of probiotic and prebiotic products as alternatives to digestive enzymes and stringent regulatory policies are hampering food enzyme market growth.

Some of the key market players for food enzyme market are Associated British Foods Plc. (ABF), Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., BASF, Chr. Hansen Holding A/S, DowDuPont, Kerry Group PLC, Novozymes, Royal DSM N.V., and Aum Enzymes.

For the purpose of this report, Reports and Data has segmented the Food enzyme market on the basis of type, application, source, and region:
Type (Revenue, USD Million; 2017–2027)
• Carbohydrase
• Protease
• Lipase
• Polymerases
• Nucleases

Applications (Revenue, USD Million; 2017–2027)
• Beverages
• Processed foods
• Dairy products
• Bakery products
• Confectionery products
• Others (meat, poultry, and fish tenderizing)

Source (Revenue, USD Million; 2017–2027)
• Microorganisms
• Bacteria
• Fungi
• Plants
• Animals

Regional Outlook (Revenue in USD Million; 2017–2027)
• North America
• Europe
• Asia Pacific
• Rest of the World

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Further key findings from the report suggest
• In March 2019, 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 2019 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 2019-2027, 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 2019 and are expected to reach 500.45 million in 2027 due to increased use of this enzyme in food industry which promotes market growth.
• Global food enzyme manufacturers find great opportunity in China, owing to the huge demand for enzymes in processing food & beverage products.

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Key Features of the Food Enzymes Market Report:
• Detailed assessment and exhaustive understanding of the Food Enzymes Market
• Significant insights into manufacturing processes, major barriers, and risks
• 8-year forecast estimation to offer information about the market size and market share on the global and regional levels
• Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements
• Identification of growth prospects and potential for the Food Enzymes industry
• Comprehensive analysis of the key market players and their strategies

Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019 – 2027
Chapter 3. Indicative Metrics
3.1. Rising awareness, market potential for existing products
3.2. Increasing application in the nutraceutical industry
3.3. Increase in demand for high-quality food & beverages
3.4. Increasing demand for food enzymes in dairy products
Chapter 4. Food Enzyme Market Segmentation & Impact Analysis
4.1. Food Enzyme Segmentation Analysis
4.2. Food Enzyme Market Value Chain Analysis, 2017-2027
4.3. Regulatory framework
4.4. Food Enzyme Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. High demand of food enzymes across the world
4.4.1.2. Increased scope of industrial fermentation
Continued…

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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Reports and Data
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