Food Enzymes Market size is estimated to exceed USD 4.6 billion by 2027, according to a new research report by Global Market Insights Inc.
Food enzymes are protein molecules found in plants, animals and microorganisms. The product acts as catalyzers in biochemical reactions and are extensively used for increasing diversity, and quality improvements during processing of food. Wide application scope across beverages, processed food, dairy, bakery, and confectionary will support market expansion.
Food enzymes are extensively used as food additives to enhance the digestibility, texture, and shelf life of processed food products. Increasing consumption of processed food & beverage products will stimulate the product adoption rate. Moreover, processed foodstuffs consist of complex molecules are hard toto digest naturally thus the usage of food enzyme in processed food production is utmost important. Food & beverages manufactures are emphasizing on their product portfolio by launching frozen & chilled varieties with exotic flavors to attain higher share.
Carbohydrase segment is forecast to record around 8% CAGR up to 2027 owing to increasing adoption in foods and beverages industries
Food enzymes market from carbohydrase exceeded USD 1.6 Billion in 2020 and is poised to register a significant CAGR in the coming years owing to growing demand for prominent carbohydrases type such as amylase, pectinase, lactase, and cellulase. Carbohydrase is a prominent catalyst used in food and beverages to support and fasten the digestion process. It is also utilized for production of syrups such as inverted sugar syrups, glucose, and fructose, which find applications in breweries, baking and processed food sector. In addition, surging adoption in prebiotic products and manmade sweeteners for wines and juices will further support segment growth.
Phytases is expected to witness a major growth during the forecast timeline owing to rising consumer awareness regarding its health benefits. Phytases extracts increase the body's capacity to absorb magnesium, calcium and iron, which are the essential minerals required in body’s functioning. Also, it helps to reduce the negative impact of phytic acid in the body. Due to its importance for the digestive procedure and bone health, phytases demand is expected to drive the food enzymes market forecasts.
Browse key industry insights spread across 1280 pages with 1878 market data tables & 21 figures & charts from the report, “Food Enzymes Market Forecasts By Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases/Hemicellulase, Cellulase, Pectinase, Lactases], Polymerases & Nucleases, Phytases, Catalases), By Application (Beverages, Processed Food, Dairy, Bakery, Confectionary), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Food enzyme industry from bakery application is expected to cross USD 780 million by 2027 owing to surging adoption and demand for convenience foods.
Bakery applications hold a considerable share in the global food enzymes market owing to increasing consumption of breads, cakes, pastries, cookies, crackers etc. globally. owing to busy consumer lifestyles and growing trend of eating healthier food products. Food enzymes are often utilized as preservatives for improving taste, texture and color of bakery products. Moreover, it is also used for dough fermentation and relaxation with stabilization of the dough, prolonging the softness of the crumb, improving flour volume. For instance, in March 2021, IFF announced to launch Enovera 3001, an enzyme for the bakery industry in North America region. It allows industrial bakers to formulate without compromising dough strength, taste and texture.
High consumption of meat and meat products in the region is likely to fuel the food enzymes demand in North America
Rising consumer spending on nutritious products has expedited the use of food enzymes in North American countries. Increased expenditure on top-quality products, combined with a consumer preference for processed foodstuffs containing natural products is expected to drive the food enzymes market in the region. The U.S. is the market leader of enzyme production and consumption at the regional and global levels. The growing trend in nutritional dietary patterns will also support regional market growth.
Major industry players include Royal DSM, Danisco, BASF, Lumis, Aumgene Biosciences, Enmex, Advanced Enzymes, AB Group, Chr. Hansen, Enzyme Innovation, Thermo Fisher Scientific, Hayashibara Co., and Enzymes Solutions. The key strategies observed among the industry participants includes new product development, acquisitions, and technical collaborations.