Food Enzymes Market Report 2024-2032, Industry Trends, and Analysis

IMARC Group, a leading market research company, has recently released a report titled “Food Enzymes Market Report by Type (Carbohydrase, Protease, Lipase, and Others), Source (Microorganisms, Plants, Animals), Formulation (Powder, Liquid, and Others), Application (Beverages, Processed Foods, Dairy Products, Bakery Products, Confectionery Products, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global food enzymes market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global food enzymes market size reached US$ 3.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.

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What is Food Enzymes Market?

Food enzymes are specialized biological molecules that accelerate chemical reactions in food, leading to various improvements in its quality and characteristics. They are naturally present in raw, unprocessed foods, but they can also be added to processed foods to enhance their nutritional value and improve digestion. They play a crucial role in digestion and the breakdown of food into smaller molecules that can be absorbed and utilized by the body.

Food Enzymes Market Trends:

The rising preference for convenience foods and ready-to-eat (RTE) products is one of the key factors propelling the market growth. Food enzymes aid in improving the taste, texture, and shelf life of processed foods, aligning with consumers' evolving dietary habits. Besides this, technological innovations have enabled the development of more efficient and cost-effective food enzyme production methods, which in turn is providing a thrust to the market growth.

In addition to this, regulatory agencies around the world are emphasizing the use of safe and approved additives in food products. Food enzymes, being rigorously tested and approved, align with these regulations, driving their adoption in the food industry.

Furthermore, the international trade of food products has grown substantially, necessitating food products to have longer shelf lives. Apart from this, food enzymes contribute to product stability and quality during transportation and storage, which is facilitating its adoption. Besides this, the rising awareness of gluten and lactose intolerance is driving the need for food enzymes that are used to improve the texture and digestibility of gluten-free and lactose-free products.

Other factors, such as the growing meat and dairy industry and rapid urbanization, are anticipated to drive the market towards growth.is further stimulating the market growth.

Food Enzymes Market Report Segmentation:

By Type:

Carbohydrase

• Amylase

• Cellulase

• Lactase

• Pectinase

• Others

Protease

Lipase

Others

By Source:

• Microorganisms

• Plants

• Animals

By Formulation:

• Powder

• Liquid

• Others

By Application:

• Beverages

• Processed Foods

• Dairy Products

• Bakery Products

• Confectionery Products

• Others

Regional Insights:

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Competitive Landscape with Key Players:

The competitive landscape of the food enzymes market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

• DuPont de Nemours, Inc.

• Amway

• BASF

• DSM

• Novozymes

• Chr. Hansen

• Kerry Group

• Biocatalysts

• Puratos Group

• Advanced Enzyme Tech

• Sequence Biotech

• Amano Enzyme

• Aum Enzymes

• Bioseutica

• Dyadic International Inc.

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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