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Food Enzymes Market Set to Reach $ 3.8 Bn by 2032, Driven by Rising Customer Concern over Their Health

Reports And Data

Reports And Data

The rising demand for processed food products, improvements in enzyme engineering technology are the main drivers of revenue growth.

The market value for Food Enzymes Market was USD 2.5 Billion in 2022 and is expected to reach USD 3.8 Billion in 2032 growing at a CAGR of 6.5% during the forecast period.”
— Reports and Data

NEW YORK, U.S, UNITED STATES, July 21, 2023/ -- The Food Enzymes Market, which had a market value of USD 2.5 Billion in 2022, is projected to reach USD 3.8 Billion by 2032, with a compound annual growth rate (CAGR) of 6.5% throughout the forecast period. The primary factors driving this revenue growth include the increasing demand for processed food products, advancements in enzyme engineering technology, and growing consumer awareness regarding their health.

The demand for food enzymes is on the rise globally, primarily due to the escalating need for processed food products. Enzymes play a crucial role in enhancing the quality, texture, flavor, and shelf life of food during the processing stage. Moreover, their application enables companies to streamline material processing, leading to faster and more cost-effective production processes, ultimately boosting profitability.

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Leading Companies:
• DuPont de Nemours, Inc.
• Kerry Group Plc.
• DSM N.V.
• Novozymes A/S
• Chr. Hansen Holding A/S
• Lonza Group Ltd.
• Amano Enzyme, Inc.
• AB Enzymes GmbH
• Fumzyme Bio Tech India Private Limited

Key Trends of Food Enzymes Market

• Increasing Demand for Clean Label Products: Consumers have been showing a growing preference for clean label products, which has led to an increased demand for natural and organic food enzymes. Manufacturers are responding by using enzymes as more natural alternatives to chemical additives in food processing.

• Technological Advancements in Enzyme Production: Advances in biotechnology and enzyme engineering have allowed for more efficient production of food enzymes. This has resulted in improved enzyme stability, enhanced activity, and reduced costs, making food enzymes more accessible for various applications in the food industry.

• Rise of Plant-Based Enzymes: With the increasing popularity of plant-based diets and a focus on sustainability, there has been a shift towards using plant-derived enzymes in food processing. Plant-based enzymes are being preferred over traditional animal-based enzymes due to their vegan and eco-friendly characteristics.

• Growing Applications in the Bakery Industry: Food enzymes play a crucial role in the bakery industry by improving dough handling, texture, and overall product quality. There has been an increased adoption of enzymes like amylases, proteases, and lipases to enhance the baking process and produce high-quality baked goods.

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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.

This report analyzes the Food Enzymes market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Enzymes market is provided to gain a deeper understanding of its growth and progress.

The global Food Enzymes market is segmented into:
• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Type Outlook:
• Amylase
• Protease
• Lipase
• Cellulase
• Others

Application Outlook:
• Beverages
• Bakery
• Dairy
• Confectionery
• Others

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