According to IMARC Group’s latest report, titled “Food Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global food enzymes market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Food enzymes refer to biocatalysts that assist in the digestion of carbohydrates, proteins, fibers and fats. Some of the most commonly available food enzymes include amylase, protease and lipase that are generally found in bananas, mangoes, pineapples and avocados. Their consumption aids in improving digestion and boosting metabolism. Apart from this, they also help in muscle development and eliminating toxins from the body. Additionally, they are used in the fermentation of numerous bakery and dairy products.
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Food Enzymes Market Trends:
The global market is primarily driven by significant growth in the food and beverages sector. Along with this, the rising health concerns have led to the increasing adoption of nutrient-rich and high-quality ingredients, such as food enzymes, for preparing beverages, bakery and dairy products, which is creating a positive outlook for the market. Other factors, including rapid urbanization, inflating disposable incomes of the masses and numerous government initiatives for implementing food safety regulations across the sector, are providing an impetus to the market growth further.
Competitive Landscape with Key Players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- DuPont de Nemours, Inc.
- Amway
- BASF
- DSM
- Novozymes
- Hansen
- Kerry Group
- Biocatalysts
- Puratos Group
- Advanced Enzyme Tech
- Sequence Biotech
- Amano Enzyme
- Aum Enzymes
- Bioseutica
- Dyadic International Inc.
Key Market Segmentation:
The report has categorized the market based on type, source, formulation and application.
Breakup by Type:
- Carbohydrase
- Amylase
- Cellulase
- Lactase
- Pectinase
- Others
- Protease
- Lipase
- Others
Breakup by Source:
- Microorganisms
- Plants
- Animals
Breakup by Formulation:
- Powder
- Liquid
- Others
Breakup by Application:
- Beverages
- Processed Foods
- Dairy Products
- Bakery Products
- Confectionery Products
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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