Food Enzymes Market size is set to grow by USD 991.8 million from 2024-2028, Increasing demand from beverage industry boost the market, Technavio

NEW YORK, May 23, 2024 /PRNewswire/ -- The global food enzymes market  size is estimated to grow by USD 991.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.45%  during the forecast period. 

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Market Driver

The food enzymes market experiences significant growth due to increasing demand and high penetration. Manufacturers invest in R&D for competitive advantages through new product developments, cost reduction, and environmental impact. Researchers focus on differentiating product portfolios with technologies like enzyme engineering and multifunctional benefits.

Key areas include carbohydrases segment, amylases, cellulases, pectinases, lactases, mannanases, and pullulanases. Applications span dairy, meat processing, dairy products, nutraceuticals, vegetable oil processing, and enzymatic hydrolysis. Benefits include improved protein digestibility, longer shelf life, enhanced flavor, color, texture, and temperature stability. EU legislation and operational range, reaction rate, thermal agitation, and denaturation are crucial factors. 

Market Challenges

• The global food enzymes market faces significant competition from emulsifiers, which share similar characteristics and function as food additives. Commonly used emulsifiers in the food and beverage industry include glycerol monostearate (GMS), diacetyl tartaric acid esters of mono- and diglycerides (DATEM), calcium stearoyl-2-lactylate (CSL), and sodium stearoyl-2-lactylate (SSL).
• The European and APAC food industries experience intense competition regarding the utilization of emulsifiers and enzymes. Emulsifiers' functional advantages and versatility outweigh the substitution effect of enzymes. Food manufacturers employ emulsifiers to stabilize immiscible substances or emulsions. Temperature, pH operational range, reaction rate, thermal agitation, denaturation, and food enzyme manufacturing are crucial factors.
• This market encompasses various applications, such as dairy, meat processing, nutraceuticals, vegetable oil processing, soups, sauces, ready-to-eat meals, and canned/frozen food products. Enzymatic hydrolysis generates peptides and amino acids, acting as taste enhancers. Key processes include modification, optimization, and enzymatic hydrolysis within the dairy, meat processing, and food segments.

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Segment Overview 

1. Application 
• 1.1 Processed foods
• 1.2 Beverages
• 1.3 Animal feed and poultry
• 1.4 Dairy
• 1.5 Bakery
2. Product 
• 2.1 Carbohydrases
• 2.2 Protease
• 2.3 Lipase
• 2.4 Others
3. Geography 
• 3.1 North America
• 3.2 APAC
• 3.3 Europe
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Processed foods-  The Food Enzymes Market exhibits significant growth, particularly in the processed food sector. Canned food products and frozen food items, which are popular due to their long shelf life and convenience, represent substantial market share. Urbanization and hectic lifestyles in growing economies, especially on the Asian continent, fuel the demand for these food types. Enzyme engineering plays a crucial role in enhancing the multifunctional benefits of food enzymes, including improving flavor, color, texture, and temperature stability within the pH operational range.

Environmental concerns and technological advancements are driving the food industry towards the use of food enzymes as alternatives to chemical additives. Processed food manufacturers increasingly rely on enzymes to optimize reaction rates and reduce thermal agitation during production. Key enzyme segments in this market include carbohydrases, such as amylases, cellulases, pectinases, lactases, mannanases, and pullulanases, which cater to various applications in the food industry.

The EU level legislation, with its stringent regulations, influences the Food Enzymes Market. Manufacturers must adhere to these guidelines to ensure denaturation of enzymes during food processing, ensuring food safety and maintaining consumer trust.

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Research Analysis

The Food Enzymes Market is experiencing significant growth in urbanizing economies across the Asian continent, particularly among the middle-class population. With hectic lifestyles and a demand for convenience foods, the market for processed foods is expanding. Enzyme engineering plays a crucial role in this sector, providing multifunctional benefits such as improving chemical consumption, enhancing flavor, color, texture, and extending shelf life.

Temperature and pH operational ranges, reaction rates, thermal agitation, denaturation, and EU legislation are essential factors in the production of food enzymes. Carbohydrases are one type of enzyme widely used in the food industry due to their ability to hydrolyze carbohydrates, contributing to the overall growth of the market. Technology continues to advance, enabling the development of more efficient and sustainable enzyme production processes.

Market Research Overview

The Food Enzymes Market refers to the global industry dedicated to the production, distribution, and utilization of enzymes used in food processing. These biocatalysts enhance various processes, such as improving taste, texture, and nutritional value. They are derived from microbial, plant, and animal sources. The market is driven by factors like increasing consumer awareness of health and wellness, rising demand for convenience foods, and technological advancements in enzyme production.

The market segments include types of enzymes, applications, and regions. The use of enzymes in bakery and confectionery, dairy, meat, and beverages industries is significant. The future outlook is promising due to the continuous research and development in enzyme technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Processed Foods
• Beverages
• Animal Feed And Poultry
• Dairy
• Bakery
• Product
• Carbohydrases
• Protease
• Lipase
• Others
• Geography
• North America
• APAC
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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