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Food Enzymes Market Analysis

  • Report ID: GMI2477
  • Published Date: Sep 2023
  • Report Format: PDF

Food Enzymes Market Analysis

The phytase segment of the food enzymes market is poised to record over 8.5% CAGR through 2032, owing to the growing incorporation of phytases in dietary supplements in human nutrition for enhancing the absorption of minerals, such as calcium, iron, and zinc. Given their robust ability to improve dough quality and mineral fortification, phytases are used in the baking industry to reinforce the nutritional value of bread and other baked goods. Rising importance in limiting environmental impacts and increasing the nutritional value of agriculture, animal nutrition, and food processing industries will also add to the segment expansion. 
 

Global Food Enzymes Market Revenue Share (%), By Application (2023)

Food enzymes market from the beverage segment is expected to witness 8% growth rate from 2023 to 2032, attributed to the rising incorporation of enzymes in the production of fruit-flavored juices for enhancing the flavor extraction from fruits. The rapid shift to healthier and natural diets has also compelled manufacturers to come up with chemical-free beverages. Rising rate of wine and beer production coupled with the growing demand for fermented beverages, such as kombucha will also favor the segment growth.
 

North America Food Enzymes Market Size, 2021- 2032 (USD Million)

Asia Pacific food enzymes market size is anticipated to showcase more than 8% CAGR up to 2032, owing to the rapid industrialization and robust presence of large population mainly in China, Japan, and India. The growing preference for natural and clean label products is driving the demand for naturally sources food enzymes, such as microbial and plant-based enzymes. The rising disposable incomes, higher intake of ready-to-eat products and the emerging regulatory changes and standards related to food enzymes will also accelerate the regional market trends.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of food enzymes is anticipated to record over 6.8% CAGR from 2024 to 2032, driven by the rising health-consciousness among consumers along with the surging interest in functional foods as well as beverages.

Food enzymes market share from the phytase segment is poised to record over 8.5% CAGR through 2032, owing to growing incorporation in dietary supplements in human nutrition for enhancing the absorption of minerals, such as calcium, iron, and zinc.

Asia Pacific market for food enzymes may observe more than 8% CAGR from 2023 to 2032, owing to the rapid industrialization and robust presence of large population mainly in China, Japan, and India.

National Enzyme Company, BASF, Royal DSM, Advanced Enzymes, Chr. Hansen, Enmex, Danisco A/S, Aumgene Biosciences, Specialty Enzymes and Probiotics, Lumis Biotech, Codexis, Enzyme Innovation, Hayashibara, AB Enzymes, and Novozymes are few well-known food enzyme providers.

Food Enzymes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 1899
  • Countries covered: 26
  • Pages: 1283
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