Food Enzymes Market Analysis

Report ID: GMI2477
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Published Date: September 2023
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Report Format: PDF

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Food Enzymes Market Analysis

Global Food Enzymes Market Size, By Product, 2021 - 2032 (USD Billion)

The phytase segment of the food enzymes market is poised to record over 8.5% CAGR through 2032, owing to the growing incorporation of phytases in dietary supplements in human nutrition for enhancing the absorption of minerals, such as calcium, iron, and zinc. Given their robust ability to improve dough quality and mineral fortification, phytases are used in the baking industry to reinforce the nutritional value of bread and other baked goods. Rising importance in limiting environmental impacts and increasing the nutritional value of agriculture, animal nutrition, and food processing industries will also add to the segment expansion. 
 

Global Food Enzymes Market Revenue Share (%), By Application (2023)

Food enzymes market from the beverage segment is expected to witness 8% growth rate from 2023 to 2032, attributed to the rising incorporation of enzymes in the production of fruit-flavored juices for enhancing the flavor extraction from fruits. The rapid shift to healthier and natural diets has also compelled manufacturers to come up with chemical-free beverages. Rising rate of wine and beer production coupled with the growing demand for fermented beverages, such as kombucha will also favor the segment growth.
 

North America Food Enzymes Market Size, 2021- 2032 (USD Million)

Asia Pacific food enzymes market size is anticipated to showcase more than 8% CAGR up to 2032, owing to the rapid industrialization and robust presence of large population mainly in China, Japan, and India. The growing preference for natural and clean label products is driving the demand for naturally sources food enzymes, such as microbial and plant-based enzymes. The rising disposable incomes, higher intake of ready-to-eat products and the emerging regulatory changes and standards related to food enzymes will also accelerate the regional market trends.

Authors: Kunal Ahuja, Tushar Malkani
Frequently Asked Question(FAQ) :
What is the size of the food enzymes market in APAC?
Asia Pacific market for food enzymes may observe more than 8% CAGR from 2023 to 2032, owing to the rapid industrialization and robust presence of large population mainly in China, Japan, and India.
Who are the leading food enzymes industry players?
How is phytase contributing to the food enzymes industry development?
How big is the food enzymes market?
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    Base Year: 2023

    Companies covered: 17

    Tables & Figures: 1899

    Countries covered: 26

    Pages: 1283

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