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Enzymes Market Size
Enzymes Market size is anticipated to record over 6.8% CAGR from 2023-2032. The rising consumer attention to healthier food options is resulting in the higher adoption of enzymes in the production of low-sugar, low-fat, and high-protein foods. The growing need for clean label products free from artificial additives and preservatives is also driving the popularity of enzymes as natural additives to replace synthetic chemicals in food processing. Rising incorporation in the production of plant-based and alternative protein sources, including soy, pea, and mycoprotein will also contribute to the market expansion.
Increasing biotechnology advancements leading to the development of efficient and specialized enzymes to cater to several applications of enzymes will drive the market growth. However, the dearth of standardized regulatory guidelines will hamper the industry expansion.
Who are the leading enzymes industry players?
BASF, Roche Holding, Chr. Hansen Holding A/S, Ab Enzymes, Amano Enzymes, Royal DSM, Kerry Group, Codexis, Novozymes, Sanofi and Danisco are some of the prominent participants operating in the global market.
How big is the enzymes market?
The market size of enzymes is anticipated to record over 6.8% CAGR from 2023 to 2032, driven by the rising consumer attention to healthier food options.
Why are food & beverage enzymes gaining traction?
The enzymes market from food & beverages segment is expected to witness more than 7.8% CAGR through 2032, owing to the rising intake of processed food products on account of increasing urban lifestyles worldwide.
What factors are driving the demand for enzymes in APAC?
Asia Pacific enzymes market size is expected to record around 7.3% growth rate from 2023 to 2032, owing to the rapid rate of urbanization and changing dietary habits.