Food Enzymes Market Size

Food Enzymes Market Size

The food enzymes market size crossed USD 3.7 billion in 2023 and is expected to witness 6.8% CAGR from 2024 and 2032, propelled by the rising health-consciousness among consumers along with the surging interest in functional foods as well as beverages. The rising attention to clean label products with natural ingredients is driving the preference for food enzymes made from natural sources, such as plants and microbes. This can mainly be attributed to the growing limitation of synthetic and genetically modified alternatives. The surging focus of food manufacturers on customized enzyme solutions for meeting specific processing and product requirements will also prove favorable for the industry expansion.

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Food Enzymes Market Growth Drivers & Restraints

TThe rising incorporation of enzymes, such as xylanase and lactase in the development of gluten-free and lactose-free products to cater to individuals that have dietary restrictions and food sensitivities will accelerate the industry trends. However, the fluctuating regulatory guidelines in some of the prominent markets worldwide may hamper the product uptake to considerable extent. This can mainly be ascribed to the varying standards, priorities as well as interpretations in the requirements of safety and labeling.