Food Enzymes Market Forecasts to 2030 - Global Analysis By Type, Form, Source, Origin, Application and By Geography

According to Stratistics MRC, the Global Food Enzymes Market is accounted for $3.03 billion in 2023 and is expected to reach $5.33 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Proteins known as enzymes are frequently used to speed up and target particular chemical reactions. Enzymes are known to initiate or increase biological events. The most common ways to obtain enzymes are through the extraction of plant and animal products or the fermentation of microbes, including genetically modified microorganisms. Due to their many benefits, such as improved texture, flavor, and aroma, preservation, viscosity, and tenderization, food enzymes are frequently used in the processing of food. The production of cheese, fruit juice, baked goods, and beer all makes extensive use of enzymes.

According to the data from UN Comtrade, the exports of bread, cakes, and other bakery products from India jumped from USD 346.86 million in 2020 to USD 407.64 million in 2021.

Market Dynamics:

Driver:

Increase of food enzyme usage in bakery and beverage industries

Products from bakeries include bread, pastries, doughnuts, and rolls, among others. Food enzymes serve as catalysts for biochemical processes that enhance the quality of bakery goods. In Western Europe and North America, bakery products are widely used. Australia, India, and China are the main growth regions for bakery foods in the Asia-Pacific region. Alcoholic and non-alcoholic beverages both use food enzymes. Better malt separation, extraction yield, beer filtration, and stabilization are a few of the major advantages of brewing enzymes. All these adverse factors are fueling the market growth.

Restraint:

Limitation of pH operational range and temperature

Food enzyme activity is significantly influenced by local environmental factors. The reaction rate is drastically reduced when the temperature drops, and the food enzyme is rendered inactive by thermal agitation. The activity of the food enzyme is also decreased when the pH is changed outside of its functional range, and this can eventually result in permanent denaturation. Such aspects are hindering the market's expansion.

Opportunity:

Growing demand for swine and poultry feed

The global feed industry is significantly impacted by the rising demand for swine and poultry feed. The overall health and wellbeing of swine and poultry animals are improved by this feed. The livestock used in the animal feed industry have been properly cared for and fed nutrient-rich fodder. During the forecast period, it is anticipated that the development of the global animal feed industry will positively affect the market's dynamics, increasing demand.

Threat:

Regulatory uncertainty

The definitions of additives and processing aids differ between nations and regions, which leads to regulatory uncertainty that hinders market expansion. The European Union (EU) member states have distinctly different laws regarding the use of enzymes as tools for food processing. Food additives in general and food enzymes in particular are subject to safety regulations that have yet to be conceptualized for regional harmonization. The development of the food enzyme market is anticipated to be adversely affected by a fragmented and piecemeal approach to ingredient regulations.

COVID-19 Impact:

The COVID-19 pandemic has been beneficial for the food enzyme market. It is attributed to the rise in consumer interest in home maintenance, changes in dietary habits, and growth in demand for the industry of nutritional and immunity-boosting products. But because of lockdowns and trade restrictions, the firms are currently dealing with stuttering supply chain activities and ambiguous market conditions. It is anticipated that the increase in demand for the substance in the pharmaceutical and food and beverage industries will offset this negative impact.

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

Global protein consumption has increased as a result of consumers' growing awareness of the importance of eating healthfully, which is expected to drive up the demand for proteases in the food industry over the coming years. Additionally, it is anticipated that the growth of the pharmaceutical, detergent, and chemical end-use industries in emerging economies like India, China, and Brazil will support the segment over the forecast period.

The microorganism-based enzymes segment is expected to have the highest CAGR during the forecast period:

Due to its affordability and stability when compared to plant and animal enzymes, the microorganism-based enzymes segment is predicted to grow profitably in the prediction period. Several fermentation techniques, including submerged and solid-state fermentations, can be used to efficiently produce microbial enzymes. To increase their specificity, they are also simple to modify using various molecular and biochemical techniques. Additionally, the dominance of microorganism-based sources of food enzymes will be maintained by these favorable characteristics over the forecast period.

Region with largest share:

During the forecast period, North America is anticipated to account for the largest market share. The increase is attributed to the rising popularity of using ingredients that are derived naturally. Moreover, the region is expanding as a result of the growing investments made by major corporations in the creation of cutting-edge products like enzymes with high specificity. The demand for food enzymes in the region is being driven by the growing belief among consumers that natural additives are secure and healthy.

Region with highest CAGR:

Due to its thriving food and beverage sector, Asia-Pacific is predicted to have the highest CAGR during the forecast period. High-quality processed food is more in demand as a result of consumers' growing purchasing power and the economies of the countries. Furthermore, the adoption of Western diets, which is linked to an increase in the demand for bakery goods, dairy products, and beverages, is also on the rise in the Asia-Pacific region.

Key players in the market

Some of the key players profiled in the Food Enzymes Market include AB Enzymes, Advanced Enzyme Technologies, Amano Enzyme Co., Ltd, Associated British Foods plc, Aum Enzymes, BASF SE, Biocatalysts, Chr. Hansen Holding A/S, DuPont, F. Hoffmann-La Roche Ltd., International Flavors & Fragrances Inc., Kerry Group PLC, Koninklijke DSM N.V., Novozymes A/S, Nutritech Enzymes and Royal DSM N.V.

Key Developments:

In April 2023, Royal DSM, a global science-based leader in health, nutrition and bioscience, announces that it has entered into exclusive negotiations with Adare Pharma Solutions in order to acquire Adare Biome, a pioneer in the development and manufacturing of postbiotics, for an enterprise value of €275 million. This transaction represents an estimated 2023 EV/EBITDA multiple of 18x.

In November 2022, CP Kelco and Chr. Hansen join forces to develop breakthrough, ambient, plant-based "vegurts". Ingredient powerhouses CP Kelco and Chr. Hansen are proud to offer customers a collaboration combining their world-leading expertise and solutions to take consumer-friendly, shelf-stable, plant-based yogurt alternatives ("vegurts") to the next level.

Types Covered:

• Carbohydrase
• Bromelain
• Catalases
• Ficin
• Hydrolases
• Invertase
• Isomerases
• Laccases
• Ligases
• Lipases
• Lyases
• Nucleases
• Oxidoreductases
• Phytases
• Polymerase
• Proteases
• Rennet
• Other Types

Forms Covered:

• Solid
• Lyophilized Liquid
• Lyophilized Powder

Sources Covered:

• Animal-Based Enzymes
• Microorganism-Based Enzymes
• Plant-Based Enzymes

Origins Covered:

• Natural Flavors
• Synthetic Flavors

Applications Covered:

• Additives
• Animal Feed
• Beverages
• Fats & Spreads
• Food
• Grain and Oilseed Processing
• Inulin
• Protein Modification
• Starch Modification

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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All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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