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Food Enzymes Market Trends

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

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Food Enzymes Market Trends

The ongoing R&D efforts for the discovery of new enzymes and bringing improvements in enzyme technologies to assist food manufacturers in creating innovative products and processes will play ideal role in the market growth. For instance, in February 2021, Novozymes rolled out a promising new enzyme-based technology to foray into the biocontrol segment of agriculture for expanding beyond its present base of microbial product innovations. The surging emphasis on discovering enzymes to facilitate sustainable processes, including enzymes for waste remediation, biomass conversion, and biodegradable materials production will also contribute to the industry expansion.

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.