Food Enzymes Market size to grow by USD 914.04 million from 2022 to 2027 - Technavio

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- The food enzymes market is expected to grow by USD 914.04 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 6.28% during the forecast period. Increasing demand from the beverage industry is notably driving the food enzymes market. However, factors such as the availability of substitutes may impede the market growth. The market is segmented by Application (processed foods, beverages, animal feed, poultry, dairy, and bakery), Product (carbohydrases, protease, lipase, and others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Key Segment Analysis

• The market share growth by the processed foods segment will be significant during the forecast period. Food products, consisting of breakfast cereals, tinned vegetables, bread, and convenience foods like microwave dinners or ready meals use food-grade enzymes for the extraction of proteins, carbohydrates, and starches to more uniform units. Moreover, due to a growing number of individuals' hectic lifestyles and rising expenditure, consumption of processed food has become more prominent. Hence, these factors are expected to drive segment growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the PDF Sample Report.

Geographical Market Analysis 

• North America is estimated to contribute 31% to the growth of the global market during the forecast period. The developing food and beverage sector in this region, which promotes demand for products, changes in lifestyle as well as increased consumer disposable income, has been a major factor behind the regional growth. The major contributors to this region are the US, Canada, and Mexico. In addition, the growing consumption of carbohydrases, proteases, and lipases in meat processing is a major driver for the food enzyme market with North America being one of the world's top meat consumers. Hence, these factors are expected to drive market growth in the region during the forecast period.

Company Insights 

The food enzymes market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Associated British Foods Plc, Aum Enzymes, BASF SE, Biocatalysts Ltd., Chr Hansen Holding AS, Deerland Probiotics and Enzymes Inc., DuPont de Nemours Inc., Dyadic International Inc., Jiangsu Boli Bioproducts Co. Ltd., Koninklijke DSM NV, Maps Enzymes Ltd., Nagase and Co. Ltd., Noor Enzymes Pvt. Ltd., Novozymes AS, Puratos Group NV, Specialty Enzymes and Probiotics, Sunson Industry Group Co. Ltd., and VTT Technical Research Centre of Finland Ltd.

View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The precision fermentation market size is projected to increase by USD 8,414.85 million and the market size is estimated to grow at a CAGR of 41.5% between 2022 and 2027.

The fresh baked products market size is estimated to grow at a CAGR of 6.4% between 2022 and 2027. The market size is forecast to increase by USD 92.47 billion. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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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