Food Enzymes Market Analysis: Trends, Growth, and Forecast 2024-2031


Posted June 25, 2024 by Ranjithk

The Global Food Enzymes Market reached $1.8 billion in 2022 and is projected to witness significant growth, reaching up to $3.2 billion by 2031. The market is expanding at a robust CAGR of 7.5% during the forecast period from 2024 to 2031.

 
Food enzymes, including proteases, amylases, and lipases, play crucial roles in various stages of food processing. These enzymes can be produced through microbial fermentation or extracted from natural sources. They are extensively used in creating popular food items such as white bread, rye bread, and maize tortillas.

With the rapid expansion of the global food, beverage, and pharmaceutical industries, the demand for food enzymes is expected to surpass that of other industrial enzymes. Enzymes offer specific functionalities in different food products, such as tenderizing meat, enhancing dough elasticity, and breaking down complex carbohydrates. Factors like pH, temperature, and substrate concentration significantly influence their activity and stability, driving the global food enzymes market revenue.

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Food Enzymes Market Dynamics:
The rising demand for processed foods globally can be largely attributed to the robust economies of Asian countries, particularly China and India. These nations are playing a pivotal role in driving significant growth in the processed food market. Key factors contributing to this market expansion include the expanding middle-class population, rising disposable incomes, and busy lifestyles.
Role of Food Enzymes in Processed Foods
To meet the growing consumer demands, food enzyme applications are crucial in enhancing the freshness and extending the shelf life of processed food products. These enzymes help preserve the desired flavor, color, and texture of convenience foods, ensuring their quality over an extended period.
Key Factors Driving Market Growth
Expanding Middle-Class Population: The growing middle class in China and India is leading to increased consumption of processed foods.
Rising Disposable Incomes: Higher disposable incomes enable consumers to spend more on convenient and high-quality food products.
Busy Lifestyles: Urbanization and busy work schedules are driving the preference for ready-to-eat and easy-to-prepare foods.

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Food Enzymes Market Segmentation:
By Source:
Microbes
Plants
Animals
By Type:
Carbohydrates
Protease
Lipase
By Application:
Bakery
Dairy
Beverages
Nutraceuticals

Leading Companies in the Global Food Enzymes Market:
AB Enzymes, Koninklijke DSM N.V., Chr. Hansen Holding A/S, BASF SE, Nutritech Enzymes, Amano Enzymes, Inc., Biocatalysts, Novozymes, DuPont and F. Hoffmann-La Roche Ltd.

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Food Enzymes Market News:
On March 6, 2023, the US-based company Creative Enzymes launched a new range of food-grade enzymes designed to improve food processing. These cutting-edge enzymes offer effective and economical solutions, helping food manufacturers achieve their goals while meeting consumer demands for healthier, more flavorful, and environmentally friendly food production.
On May 3, 2023, Novozymes announced the launch of a new enzyme specifically designed to enhance the texture and extend the shelf life of baked goods. This innovative product has been in development for the past three years and is the latest addition to the Novamyl range, which focuses on reducing food waste in baking processes.

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https://www.datamintelligence.com/research-report/dairy-enzymes-market
Feed Enzymes Market:
https://www.datamintelligence.com/research-report/feed-enzymes-market

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Last Updated June 25, 2024