Food Enzymes Market Growth, Size, Share, Price, Trends, Analysis, Report, Forecast 2023-2028

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The new report by EMR titled, ‘Global Food Enzymes Market Growth, Share, Price, Trends, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global food enzymes market, assessing the market based on its segments like Carbohydrase, Protease, Lipase and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2020): USD 2 billion
  • Forecast CAGR (2023-2028): 3%
  • Forecast Market Size (2026): USD 2.7 billion

Changing consumer lifestyles and disposable income, especially in emerging economies, are driving the global food enzymes market. Manufacturers are focusing on the production of goods with high nutrition content and great taste as a result of increasing customer health awareness.

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Because of its increased use in cheese and yoghurt fermentation, the lipase section, among others, is expected to rise at the fastest CAGR during the forecast period. It’s also used in the bakery, dairy, and fat and oil industries. The thriving food and beverage industry is assisting this segment’s development, which in turn is assisting the overall growth of the food enzymes industry.

Industry Definition and Major Segments

Food enzymes are enzymes that are found in raw foods and are responsible for beginning the digestive process when eaten. Food enzymes serve as a catalyst, breaking down nutrients such as vitamins, fats, and other compounds into simpler forms, facilitating good digestion even further. It may improve the flavour, texture, and scent of drinks, baked goods, and dairy products. It’s used to keep goods fresh, coagulate them, and tenderise them.

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The different sources of the product are:

  • Microorganisms
  • Bacteria
  • Fungi
  • Plants
  • Animals

The various types of the product available in the market are:

  • Carbohydrase
    • Amylase
    • Cellulase
    • Lactase
    • Pectinase
    • Others
  • Protease
  • Lipase
  • Others

On the basis of formulation, the industry is divided into:

  • Powder
  • Liquid
  • Others

On the basis of application, the food enzymes market is divided into:

  • Beverages
  • Processed Foods
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others

The report also covers the regional food enzymes markets like:

  • North America
  • Europe
  • the Asia Pacific
  • Latin America
  • the Middle East and Africa.

Market Trends

The growing use of food enzymes in processed foods and high-quality food items is driving the global demand for food enzymes. Inflationary income levels, changing consumer lifestyles, and an increasing preference for processed foods all help the industry. Over the forecast period, the market is expected to benefit from increasing urbanisation and the widespread availability of food enzymes and derived goods.

Food enzymes are used in the manufacture of bakery products such as bread, biscuits, pastries, doughnuts, and rolls because they serve as a catalyst for biochemical reactions, enhancing product consistency. One of the most important markets for food enzymes is bakery products. Furthermore, the overall food enzymes market is experiencing increased demand as a result of the growing demand for environmentally friendly manufacturing processes.

Key Market Players

The major players in the market are Amway Corp., Kerry Inc., Puratos, BASF SE, Amano Enzyme Inc. and Bioseutica. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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