Food & Beverage Processing Enzyme Market Forecasts to 2030 - Global Analysis By Type, Sub-Type, Source, Application, End User and By Geography

According to Stratistics MRC, the Global Food & Beverage Processing Enzyme Market is accounted for $1641.61 million in 2023 and is expected to reach $2189.49 million by 2030 growing at a CAGR of 4.2% during the forecast period. In order to increase productivity and quality, enzymes are used in the processing of food and drinks. Amylases, proteases, lipases, and cellulases are a few commonly used enzymes that are used in a variety of procedures, including fermentation, dairy processing, baking, and meat processing. Enzymes can speed up processing, increase flavor and texture, and improve product consistency. They are essential in everyday's food and beverage processing because they help producers meet consumer demands for goods that are high-quality, nourishing, and flavorful.

According to DSM, a global supplier of enzymes and other nutritional ingredients, one of the key developments in the market is the increasing demand for enzymes in the brewing industry. Enzymes can help to improve the brewing process and enhance the flavor and aroma of beer.

Market Dynamics:

Driver:

Benefits of enzyme-based products for health

During the projected period, the market for food and beverage processing enzymes is anticipated to lead growth. The market for food and beverage processing enzymes is expanding as consumers become more aware of the advantages of enzyme-based food and beverage products, such as low-lactose dairy and gluten-free baked goods. As consumers' awareness of their health grows, they look for products that are both healthy for them and free of allergens. Enzymes can assist in the production of such products by disassembling complex molecules into more easily absorbed forms. Foods can be made safe for those with food allergies by using enzymes to help reduce the amount of allergenic proteins in them.

Restraint:

Enzyme-based goods are very expensive

The global Food & Beverage Processing Enzyme market expected to hinder growth during the forecast period. The high cost of enzyme-based products is one of the main inhibitors for the market for food and beverage processing enzymes. Moreover, Enzymes are expensive because of the labor-intensive manufacturing process needed to make them. The high cost of enzyme-based products may also be influenced by the expense of regulatory compliance and research and development.

Opportunity:

Expanding consumer preference for natural and clean-label goods

During the projected period, the market for food and beverage processing enzymes is anticipated to lead growth, due to the rising demand for natural and clean-label products. Products made from natural ingredients and free of artificial ingredients are becoming more popular with consumers. Such goods can be made using enzymes, opening up new market expansion opportunities. Enzymes can aid in the production of natural and clean-label products by disassembling complex molecules into more easily absorbed forms. In keeping with the trend toward natural and clean-label products, the use of enzymes can also assist in reducing the need for artificial preservatives and additives.

Threat:

Competition from substitute processing techniques

Competition from other processing techniques like chemical processing and thermal processing is one of the biggest threats to the market for food and beverage processing enzymes. While enzymes have many advantages, including increased productivity, shorter processing times, and better product quality, other processing techniques might be more affordable or accessible. This may restrict the use of enzymes in the food and beverage sector, which could impede the market's expansion over the course of the forecast period.

COVID-19 Impact:

The market for food and beverage processing enzymes has been impacted by the COVID-19 pandemic in different ways. On the one hand, the market has expanded due to the rise in demand for processed foods and drinks during the pandemic. Moreover, the market is facing difficulties as a result of the disruption of global supply chains, which has an impact on the availability of raw materials and enzymes, and the pandemic's effects on the economy have reduced consumer spending, which might short-circuit market expansion in the near future.

The Carbohydrases segment is expected to be the largest during the forecast period:

The Carbohydrases segment is expected to be the largest share during the forecast period. The food and beverage industries frequently use carbohydrases, enzymes that convert complex carbohydrates into simpler sugars. Lactose is broken down by carbohydrases in the dairy industry into simpler sugars, making dairy products more palatable to those who are lactose intolerant. Other uses for carbohydrases include improving texture and flavor, lowering viscosity, and creating low-calorie sweeteners in baking, brewing, and confectionery. However, the demand for products that are healthier, lower in calories, and easier to digest is expected to drive further growth in the use of carbohydrases in the food and beverage sector.

The bakery segment is expected to have the highest CAGR during the forecast period:

The bakery segment is expected to have the highest CAGR in the market for food and beverage processing enzymes during the anticipated period. In order to enhance the texture and quality of baked goods, enzymes are being used more and more in the bakery sector. Gluten-free baked goods, which are in high demand due to the rising prevalence of gluten intolerance, can be made using enzymes. Moreover, Enzymes can also be used to extend the shelf life of baked goods, minimizing food waste. Due to the rising demand for baked goods and the expanding use of enzymes in the bakery industry, the bakery segment is anticipated to experience the highest growth.

Region with largest share:

The region of North America is anticipated to have the largest share during the forecast period. This is a result of the region's expanding use of enzymes, the high demand for processed foods and drinks, the presence of significant food and beverage producers, and the high demand for processed foods and drinks in general. In North America, the United States leads Canada and Mexico in terms of the size of the market for food and beverage processing enzymes. Additionally, the demand for enzyme-based solutions in the area is anticipated to be driven by the expanding trends toward natural and clean-label products as well as the rising consumer demand for vegan and plant-based products.

Region with highest CAGR:

The Asia-Pacific region is expected to have the highest CAGR in the market for food and beverage processing enzymes during the forecasted period. This is brought on by the region's rising population, rising disposable income, and rising demand for processed foods and beverages. The major markets for food and beverage processing enzymes in the Asia-Pacific region include China, India, and Japan. The region's market is growing because of the rising demand for convenience foods, ready-to-drink beverages, and functional foods and beverages.

Key players in the market

Some of the key players in Food & Beverage Processing Enzyme market include Advanced Enzymes, Amano Enzyme, Associated British Foods, Chr. Hansen, DuPont, Dyadic, Koninklijke, Novozymes, Puratos, BASF, DSM and Kerry Group.

Key Developments:

In January 2022, DSM, a global supplier of enzymes and other nutritional ingredients, one of the key developments in the food and beverage processing enzyme market is the increasing demand for enzymes in the brewing industry. Enzymes can help to improve the brewing process and enhance the flavor and aroma of beer.

In November 2021, DuPont Nutrition & Biosciences, a leading provider of enzyme solutions, there is a growing demand for enzymes that can improve the texture and sensory characteristics of plant-based meat alternatives. Enzymes can help to break down plant proteins and improve their functionality and flavor.

In September 2021, BASF, a global chemical company, one of the key developments in the food and beverage processing enzyme market is the increasing use of enzymes in the production of biofuels and other renewable products. Enzymes can help to break down plant-based raw materials into simpler forms, making them easier to convert into biofuels and other renewable products.

Types Covered:

• Carbohydrase
• Protease
• Lipase
• Other Types

Sub-Types Covered:

• Amylase
• Cellulase
• Xylanase
• Pectinase
• Proteases
• Peptidases
• Esterases
• Lactase
• Other Sub-Types

Sources Covered:

• Microbial
• Plant
• Animal
• Other Sources

Applications Covered:

• Beverage
• Processed Food
• Dairy
• Bakery
• Confectionery
• Meat
• Poultry & Seafood
• Oils & Fats
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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