The Food Enzymes Market is being driven by Increasing demand from beverage industry
The Food Enzymes Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1036.9 million. The food enzymes market is witnessing significant growth due to the increasing demand and deep penetration in the food and beverage industry. To maintain a competitive edge, manufacturers are investing heavily in research and development, focusing on innovative product offerings, cost reduction, and sustainable production methods. For instance, DowDuPont's DuPont Axtra PRO, a single protease enzyme in North America, enhances protein digestibility in animal diets without affecting performance or animal health. Additionally, DowDuPont's POWERFresh and POWERSoft enzymes have received approval from Japan's Ministry of Health, Labour, and Welfare as processing aids, expanding their market reach. These strategic moves enable food enzyme providers to differentiate their product portfolios and seize lucrative growth opportunities.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
219 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
Market growth 2025-2029 |
USD 1036.9 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
US, China, Germany, Japan, India, UK, France, Brazil, Italy, and Singapore |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
Food enzymes play a crucial role in the production of various processed foods by influencing their shelf life, flavor, color, texture, and other qualities. Applications of food enzymes include improving the reaction rate of dough during baking, enhancing the tenderness of meat, and aiding in the coagulation of milk for cheese production. Environmental conditions such as temperature, pH, and thermal agitation impact the effectiveness of food enzymes. Manufacturers use genetically modified microbes for enzyme synthesis to cater to the diverse demands of the food industry. Food enzymes replace the need for chemical additives like potassium bromates in baked goods and alcohol in fermented foods. The variety of food enzymes includes those used in convenience foods like cakes, bread, pastries, and doughnuts, as well as those employed in fragrance and preservation processes. Enzymes function as catalysts, enhancing the processing of food and ensuring optimal quality.
The global food enzymes market caters to food processing businesses that employ enzymes to enhance food quality and extend shelf life. Enzymes are integral to various food applications, including improving flavor, color, and texture under environmental conditions such as temperature, pH, and reaction rate. Food enzyme manufacturers leverage advanced technologies like C1 platform and genetically modified microorganisms to produce efficient enzymes. The market's growth is fueled by the increasing demand for minimally processed foods, which offer health benefits, such as higher nutrient content in terms of potassium, dietary fiber, folate, vitamin A, and vitamin C, and extended shelf life. Food enzymes enable processors to maintain these desirable qualities while adhering to stringent thermal agitation and temperature requirements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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