Global Food Enzymes Market was valued at US$ XX Million in 2020 and is anticipated to reach US$ XX Million by 2027 displaying an elevated CAGR of XX% over the forecast period (2021-2027).
The demand for Food Enzymes is on the rise owing to the rising per capita incomes in developing countries, which will result in strong gains in enzymes associated with the production of food and beverages, cleaning products, and animal feed. Rising per capita incomes will support consumer demand for higher-value goods, such as gluten-free, low-fat food products, which would drive the demand for the food enzymes.
Also, the trending adoption of western culture in the countries of the Asia-Pacific region would drive the demand for meat, baked goods, and dairy products will continue to rise among emerging middle-class populations. In turn, these foods will be increasingly produced using enzymes, both in animal feed and in food processing applications
The flourishing food processing industry, coupled with the growing consumer awareness for nutritional products, is the key factor driving the growth of the food enzymes market. A rise in the demand for nutrient-rich and high-quality food and beverages was witnessed in the past few years. Moreover, shifting the dietary preferences of consumers toward natural, organic, and chemical-free food has improved the adoption of food enzymes. Also, the promulgating demand for frozen and processed food products is favoring the market growth. Consumers are increasingly opting for on-the-go and convenience food products owing to their changing lifestyles and busy schedules.
DuPont, Associated British Foods plc, DSM, Novozymes, and Kerry Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc., and CHR. Hansen Holdings A/S. etc, are some of the prominent players operating in the Food Enzymes market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst Type, Carbohydrase segment holds the major share"
Based on the Type, the market is fragmented into Carbohydrase, Protease, Lipase, and Others. The Carbohydrates segment of the Global Food Enzymes market grabbed the major market share and dominated the market. The segment captured around XX% market share and generated USD XX Mn in 2020 and is expected to grow at a CAGR of XX% during the forthcoming years
"Amongst Form, Liquid segment to dominate the market during the forecast period"
Based on the form type, the market is mainly fragmented into Solid and Liquid. The Solid segment grabbed XX% market share and captured US$ XX Mn in 2020. Moreover, the market of this segment is expected to proliferate with a CAGR of XX% in the forthcoming coming period of 2021-27. However, the liquid segment is expected to witness exhibit growth in coming years owing to the benefits such as less time to break down, flexible quantity.
"Amongst Sources, Microorganism segment grabbed Major Market share in 2020"
Based on sources, the market is mainly fragmented into Microorganism, Animals, and Plant. In 2020, the microorganism segment grabbed the major market share and dominated the market. The segment gathered an XX% revenue share in 2020.
Amongst Application, Beverage segment grabbed Major Market share in 2020"
Based on Application, the market is mainly fragmented into Bakery, confectionary, Dairy and frozen dessert, Meat, Poultry and seafood products, Beverages, and Others. In 2020, the bakery segment grabbed XX% market share. The segment gathered an XX% revenue share in 2020. However, the poultry and seafood product segment is expected to witness an exhibit growth during the forecast period
"North America represents one of the largest markets of Food Enzymes market"
For a better understanding of the market dynamics of the Food Enzymes market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated revenue of US$ XX Million in 2020 owing to the change in lifestyle and growing demand for organic and processed food.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Enzymes are proteins with highly specialized catalytic functions, produced by all living organisms. Enzymes are responsible for many essential biochemical reactions in microorganisms, plants, animals, and human beings. Enzymes are not alive but are essential for all metabolic processes. Although like all other proteins, enzymes are composed of amino acids, they differ in function in that they have the unique ability to facilitate biochemical reactions without undergoing change themselves. This catalytic capability is what makes enzymes unique
As per a report by WHO, the healthy diets cost 60% more than diets that only meet the requirements for essential nutrients and almost 5 times as much as diets that meet only the dietary energy needs through a starchy staple. Moreover, the cost of a diet increases incrementally as the diet quality increases - from a basic energy sufficient diet to a nutrient adequate diet and then a healthy diet including more diversified and desirable food groups - across all regions and country income groups globally. The cost of a healthy diet is much higher than the international poverty line, established at USD?1.90 purchasing power parity (PPP) per day. This puts healthy diets beyond the reach of those living in poverty or just above the poverty line
As per Forbes, a third Of Americans Dine Out Daily At Fast-Food Restaurants. Moreover, According to the Centers for Disease Control and Prevention, between 2013 and 2016, 36% of adult Americans consumed fast food on any given day. Also, People who earned more money dined on fast food more frequently than lower-income people. Among higher-income people, 42% chose to eat fast food on any given day; the figures were?36% for middle-income people and 31% for lower-income people.
Based on the Type, the market is fragmented into Carbohydrase, Protease, Lipase and Others. The Carbohydrates segment of the Global Food Enzymes market grabbed the major market share and dominated the market. The segment captured around XX% market share and generated USD XX Mn in 2020 and is expected to grow at a CAGR of XX% during the forthcoming years
Based on the Form, the market is fragmented into Solid and Liquid. The Solid segment grabbed major market share and captured XX% market revenue in 2020. However, the Liquid segment would emerge in the forecast period and would witness the highest CAGR during the forthcoming period as the liquid form can be used in flexible quantity are works faster than the dry from.
Based on the Source, the market is segmented into Microorganism, Animals and Plant. The microorganism form grabbed XX% market share and gathered USD XX Mn in 2027. Moreover, the segment is expected to reach USD XX Mn by 2027 with a growth of XX% CAGR during 2021-2027. However, the Plant form is expected to witness the highest CAGR during the forecast period.
Food Enzymes has several application areas such as Bakery, confectionary, Dairy and frozen dessert, Meat, Poultry and sea food products, Beverages and Others. The Bakery segment generated revenue worth USD XX million in 2020 and is expected to reach USD XX million by 2027. However, the poultry and sea food product segment is expected to witness an exhibit growth during the forecast period
For a better understanding of the market adoption of the Food Enzymes market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. North America constitutes a major market for the Food Enzymes industry and generated revenue of USD XX Million in 2020 owing to the increase in the demand for high-quality processed food.
Some of the major players operating in the market are ?DuPont, Associated British Foods plc, DSM, Novozymes, and Kerry Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc. and CHR. Hansen Holdings A/S.?etc., Several M&As along with partnerships have been undertaken by these players to develop Food Enzymes.
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Food Enzymes Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Food Enzymes Market
2.1.1. Main Objective of the Global Food Enzymes Market
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL FOOD ENZYMES MARKET REVENUE
7 MARKET INSIGHTS BY TYPE
7.1. Carbohydrase
7.2. Protease
7.3. Lipase
7.4. Others
8 MARKET INSIGHTS BY FORM
8.1. Liquid
8.2. Solid
9 MARKET INSIGHTS BY SOURCE
9.1. Microorganisms
9.2. Animals
9.3. Plant
10 MARKET INSIGHTS BY APPLICATION
10.1. Bakery
10.2. Confectionery
10.3. Dairy and Frozen Desserts
10.4. Meat
10.5. Poultry and Sea Food Products
10.6. Beverages
10.7. Others
11 MARKET INSIGHTS BY REGION
11.1. North America Food Enzymes Market
11.1.1. The U.S
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe Food Enzymes Market
11.2.1. Germany
11.2.2. France
11.2.3. U.K.
11.2.4. Spain
11.2.5. Italy
11.2.6. Rest of Europe
11.3. Asia Pacific Food Enzymes Market
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia Pacific
11.4. Rest of the World Food Enzymes Market
12 FOOD ENZYMESMARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 DEMAND AND SUPPLY SIDE ANALYSIS
13.1. Demand Side Analysis
13.2. Supply Side Analysis
13.2.1. Top Product Launches
13.2.2. Top Business Partnerships
13.2.3. Top Merger & Acquisitions
14 VALUE CHAIN ANALYSIS
15 FOOD ENZYMES MARKET OPPORTUNITIES
16 FOOD ENZYMES MARKET TRENDS & INSIGHTS
17 COMPETITIVE SCENARIO
17.1. Porter's Five forces analysis
17.1.1. Bargaining power of Supplier
17.1.2. Bargaining power of Buyer
17.1.3. Industry Rivalry
17.1.4. Availability of Substitute
17.1.5. Threat of new Entrants
18 COMPANY PROFILED
18.1. DuPont
18.1.1. Key Facts
18.1.2. Business Description
18.1.3. Key Product/Services Offerings
18.1.4. Growth Strategy
18.1.5. SWOT Analysis
18.1.6. Key Financials
18.1.6.1. Revenue Split
18.1.6.2. Financial Overview of DuPont
18.1.7. Recent Developments
18.1.7.1. Product Launch
18.1.7.2. Partnerships
18.1.7.3. Business Expansion and Investments
18.1.7.4. Merger and Acquisition
18.2. Associated British Foods Plc (ABF)
18.3. Novozymes
18.4. DSM
18.5. CHR. Hansen Holding A/S
18.6. Kerry Group
18.7. Jiangsu Boli Bioproducts Co., Ltd.
18.8. Biocatalysts Ltd.
18.9. Puratos Group
18.10. Amano Enzyme Inc The Chemical Co.
19 DISCLAIMER
DuPont
Associated British Foods plc
DSM
Novozymes
and Kerry Group
Advanced Enzyme Technologies Ltd
Amano Enzyme Inc.
and CHR. Hansen Holdings A/S.