Food Enzymes Market Size, Share, Trends, Growth and Forecast 2032

Global Food Enzymes Market Size: Industry Prospective

The global Food Enzymes Market size was worth around USD 2545.53 Million in 2023 and is predicted to grow to around USD 4,445.13 Million by 2032 with a compound annual growth rate (CAGR) of roughly 6.39% between 2024 and 2032.

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Global Food Enzymes Market Overview

Enzymes are proteins that initiate or increase biological events and are often utilized to accelerate and target specific chemical reactions. Enzymes are derived from several sources, the most common being plant & animal extraction or fermentation from microbes, including genetically engineered microorganisms. Food enzymes are frequently employed in food processing due to their numerous advantages, which include texture, flavor, aroma improvement, preservation, viscosity, and tenderization. Enzymes are widely utilized in the baking, fruit juice, and cheese-producing industries, as well as in brewing.

Key Takeaways

• Based on geography, North America has the largest market share in the food enzymes market.
• Based on the source, the microorganisms segment is projected to dominate the global market.
• Based on type, the carbohydrases segment is predicted to dominate the global market.
• Based on application, the beverages segment is expected to witness the biggest growth in terms of revenue, from 2023 to 2032.

Food enzymes are the biological catalysts. Food enzymes accelerate biochemical reactions within human cells and affect every function of the body. They facilitate cellular reactions, by lowering the threshold of energy required for those reactions to take place. These enzymes are helpful in improving the food quality by simplifying the food processing steps. Enzymes are widely used in food processing for mitigation of potential health risks. With the advanced technology, novel enzymes have been developed with a wide range of applications.

Food Enzymes Market: Growth Factors

The increasing applications of food enzymes in various end-user industries across the world are contributing to the growth of the global market for food enzymes. The rising incline towards convenience food along with an increasing working population in emerging countries is expected to fuel the growth of the global food enzymes market during the period of the forecast. Evolving trends in food processing technology and rapid development in the beverage industry is anticipated to increase the demand for the food enzymes in the respective industry.

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Global Food Enzymes Market Size: Segmentation

The report includes detailed segmentation of food enzymes market based on type, application, source, and region.

On the basis of product type, the market for food enzymes is classified into protease, carbohydrase, lipase, and others. Carbohydrase is the most popular type of food enzyme and is broadly used to improve the appearance and taste of the dairy products and sports drinks. Lipase is the second important segment, showing a significant growth due to its high usage in food & beverage industry.

Based on application, the market for food enzymes is divided into bakery & confectionery, beverage, dairy, and convenience food. Bakery & confectionery segment accounted for the major market share in terms of revenue in 2023. High consumption of cakes, candies, chocolates, and expanding demand for home-baked and local bakery products is projected to boost the market for food enzymes over the forecast period.

Based on the source, the food enzymes market is divided into plant, microorganisms, and animal. Plant-based food enzyme is the dominant segment and is expected to register considerable growth rate in the forecast period. Microorganism-based enzymes are anticipated to gain a significant market share during the forecast period.

Regional Insights

The increasing demand for premium processed meals free of chemical additives has expanded the use of enzymes in various food systems. Major players' increased investments in novel solutions, such as enzymes with high precision, are fuelling the region's market expansion.

On the basis of geography, the global market for food enzymes is segmented into North America, the Middle East, and Africa, Europe, Asia Pacific, and Latin America. With the largest market share in terms of revenue, North America was the dominant region in 2023. The region is expected to be followed by Asia Pacific with the maximum number of companies in the processed food industry. China and India are the major countries contributing to the growth of the food enzymes market in Asia Pacific.

Europe is another important region and is projected to demonstrate considerable growth within the forecast period. The market for food enzymes in Europe is mainly driven by the increasing demand for various confectionery products such as chocolates and gums. In Latin America, the market for food enzymes is estimated to driven by the increased consumption of nutricosmetics and health-related ingredients. The growing penetration of packaged and convenience food items is expected to fuel the expansion of the food enzymes market in the Middle East and Africa during the forecast period.

Food Enzymes Market: Report Scope

The report offers comprehensive competitive outlook including company profiles and market shares of the key players functioning in the global food enzymes market.

The key players included in the report are-

• Royal DSM N.V.
• Chr. Hansen Holding A/S
• Nagase Chemtex Corporation
• Biocatalysts Limited
• Amano Enzyme Inc.
• Rossari Biotech Limited
• Dyadic International Inc.
• AB Enzymes GmbH
• Shenzhen Leveking Bio-Engineering Co. Ltd.
• E.l. Du Pont de Nemours & Company
•  Novozymes A/S
• Puratos Group NV
• Jiangsu Boli Bioproducts Co. Ltd.
• Sunson Industry Group Company Limited
• Lumis Biotech Private Limited
• Engrain
• Enmex SA DE CV
• Maps Enzyme Limited
• AUM Enzymes
• Advanced Enzymes Technologies Limited.

This report segments the global food enzymes market as follows:

Global Food Enzymes Market: Type Segment Analysis

• Protease
• Carbohydrase
• Lipase
• Others

Global Food Enzymes Market: Application Segment Analysis

• Bakery & Confectionery
• Beverages           
• Dairy 
• Convenience Foods

Global Food Enzymes Market: Source Segment Analysis

• Animal
• Plant            
• Microorganism

Global Food Enzymes Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa