Global Food Enzymes Market - 2023-2030

Market Overview

The Global Food Enzymes Market reached US$ 1.8 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 3.2 billion by 2030. The market is growing at a CAGR of 7.5% during the forecast period 2023-2030.

Food processing relies on various enzymes, including proteases, amylases, and lipases, which play crucial roles at different stages. These enzymes can be obtained through microbial fermentation or extraction from natural sources. They have widespread applications in producing popular food items like white bread, rye bread, and maize tortillas.

As the global food, beverage, and pharmaceutical industries expand rapidly, the demand for food enzymes is expected to surpass that of other industrial enzymes. Enzymes offer specific functionalities in different food products, such as tenderizing meat, improving dough elasticity, and breaking down complex carbohydrates. Factors like pH, temperature, and substrate concentration affect the activity and stability of these enzymes, which ultimately drive revenue growth in the global food enzymes market.

Market Dynamics

Rising Demand for Processed Food Drives the Market Expansion.

The increasing demand for processed food is a key driver behind the growth of the food enzymes market. As consumer lifestyles become busier and more convenience-oriented, there is a growing preference for processed and ready-to-eat food products. Food enzymes play a vital role in processing these foods by facilitating various biochemical reactions, such as breaking down complex molecules or enhancing texture and flavor.

Enzymes are utilized in various processed food applications, including baking, dairy, meat, beverages, and snacks. They enable improved product consistency, extended shelf life, and enhanced sensory attributes. Additionally, key market players are launching new products and generating lucrative revenue for the companies. For instance, on June 24, 2021, International Flavors & Fragrances Inc. launched Nurica in the United States.

The Limited Stability of Food Enzymes Under Certain Processing Conditions Hampers the Market Expansion.

Enzymes are susceptible to factors such as temperature, pH, and the presence of inhibitors. These factors can negatively impact enzyme activity and stability, reducing effectiveness and potential loss of functionality during food processing. High temperatures during certain processing steps, such as baking or frying, can denature or deactivate enzymes, rendering them less effective or inactive.

Similarly, extreme pH levels outside the optimal range for enzyme activity can also result in reduced enzyme performance. Additionally, certain inhibitors in the food matrix, such as metals or certain chemicals, can interfere with enzyme activity and impair their functionality.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Artificial Intelligence Analysis

Artificial intelligence (AI) analysis is revolutionizing the study of food enzymes by leveraging data processing, predictive modeling, and optimization capabilities. By analyzing vast datasets, AI algorithms can extract valuable insights into enzyme functionality, stability, and performance, enabling informed decision-making.

AI's predictive modeling capabilities enable the forecasting of enzyme behavior under various processing conditions, optimizing enzyme usage, dosage, and parameters for improved product quality and cost-effectiveness. Additionally, AI-driven process optimization continuously monitors critical variables and makes real-time adjustments to maximize enzyme activity and efficiency.

AI also contributes to discovering novel enzymes by analyzing genomic data and identifying potential candidates with specific functionalities. Quality control is enhanced through AI's ability to detect anomalies and deviations in enzyme performance, ensuring compliance with food safety regulations.

Segment Analysis

The Global Food Enzymes Market is segmented based on source, type, application, and region.

Protease Segment Accounts Sizable Share in the Global Food Enzymes Market

Proteases are food enzyme that plays a crucial role in food processing. These enzymes break down proteins into smaller peptides or amino acids, improving the texture, flavor, and digestibility of various food products. Proteases are used to produce foods like cheese, meat products, bakery items, and beverages, driving the segment expansion.

They help tenderize meat, enhance protein solubility, improve dough handling properties, and contribute to developing unique flavors in fermented foods. The use of proteases in the food industry offers numerous benefits, including improved product quality, increased efficiency in processing, and extended shelf life. For instance, on November 29, 2021, Biocatalysts Ltd launched the Promod 324L protease product.

Geographical Analysis

North America Holds the Largest Share in the Global Food Enzymes Market

The Global Food Enzymes Market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle-east and America.

The North American region has a significant demand for food enzymes due to the thriving food and beverage industry and the increasing consumer preference for processed and convenience foods. Food enzymes find extensive applications in various sectors, such as baking, dairy, beverages, meat processing, and more, contributing to improved product quality, texture, and shelf life. The growing awareness of clean-label ingredients and the need for natural food additives further drive North America's demand for food enzymes market revenue.

For instance, on March 18, 2021, IFF launched Enovera 3001, an enzyme-only solution in North America. Enovera 3001 is a next-generation enzyme-only dough strengthener available to bakery manufacturers interested in label-friendly formulations without trade-offs. It allows industrial bakers to formulate without compromising dough strength, texture, or taste.

Competitive Landscape

The major global players include: AB Enzymes, Koninklijke DSM N.V., Chr. Hansen Holding A/S, BASF SE, Nutritech Enzymes, Amano Enzymes, Inc., Biocatalysts, Novozymes, DuPont and F. Hoffmann-La Roche Ltd.

Why Purchase the Report?

• To visualize the Global Food Enzymes Market segmentation based on source, type, application, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous food enzymes market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Food Enzymes Market Report Would Provide Approximately 53 Tables, 46 Figures And 195 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies