
The food enzymes market is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. The demand for food enzymes is increasing significantly, as they are used widely across various food & beverage applications due to its functional properties.
Opportunities: Innovative technological platforms
The global food enzymes market has many small-scale manufacturers trying to compete with the market leaders in terms of the application specificity of the food enzymes produced. This, in turn, is dependent upon the quality of production strain developed by manufacturers. Various technology licensors provide small-scale manufacturers with the opportunity to produce programmable enzymes, which can be scaled up to produce large volumes. Dyadic International Inc. (US) is one such licensor that provides its C1 platform technology to smaller players to produce large volumes of high-mobility food enzymes on-site.
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Challenges: Changes in food enzymes safety regulations in Europe
The European market for food enzymes held a share of about 30.0% of the global market in 2015. As enzymes are naturally present in ingredients used to make food, earlier, their safety and toxicity were not of much concern. However, the advent of large-scale production of food enzymes through strains of genetically modified microorganisms has led to increased scrutiny on the use of enzymes in Europe’s food & beverage industry.
In the past, the regulation of enzymes used as processing aids was not carried out at the EU level. Of the member states, only Denmark and France evaluated these processing aids before their use in the food & beverage industry. This inconsistency in the assessment criteria of food enzymes among nations prompted the framing of a new EU legislation.
Fastest Growing Application: Food segment is projected to account for the largest share in the market during the forecast period.
The demand for food enzymes is increasing significantly due to the increasing application of enzymes in the food & beverage industry. The food & beverage applications considered for this study include meat processing, dairy products, bakery products, nutraceuticals, and other food products (such as processed fruits & vegetables, processed food, and vegetable oil processing). Process like enzymatic hydrolysis of yeast and vegetable proteins produces peptides and amino acids, which act as taste enhancers in soups, sauces, ready-to-eat meals, canned, and frozen food products. Due to these factors, enzymes in food segment is having huge demand.
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The North American region dominated the food enzymes market with the largest share in 2020, whereas Asia Pacific is expected to witness the highest growth rate.
The food enzymes market in North America was dominant due to the increasing demand for enzymes in food applications. Technological innovations in machinery, optimization of production, logistics, and globalization of business have made the food & beverage industry one of the essential sectors in North America. However, the shift of food operations from developed regions, such as North America and Europe, to Asia Pacific, has further contributed to the growth of the food enzymes market in the Asia Pacific region.
Key players in this market include DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen (Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Enzyme Bioscience Private Limited, Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).
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Food Enzymes Market Segmentation:
This research report categorizes the food enzymes market based on type, source, application, formulation, and region.
Type
- Carbohydrase
- Amylase
- Cellulase
- Lactase
- Pectinase
- Other carbohydrases
- Proteases
- Lipases
- Polymerase & nuclease
- Other types
Source
- Microorganism
- Plant
- Animal
Application
- Food
- Meat products
- Bakery & confectionery products
- Dairy products
- Nutraceuticals
- Other food products
- Beverages
- Juices
- Brewing
- Other Beverages
Region Segmentation
- North America
- Europe
- Asia Pacific
- South America
- Middle East
- Africa