Food Enzymes Market Set to Soar Past USD 2.59 Billion by 2030
The global Food Enzymes market size is expected to reach USD 2.59 billion by 2030 and exhibit a CAGR of 4.80% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing consumer demand for processed and convenience foods has increased the need for food enzymes in the food and beverage industry. These enzymes play a crucial role in food manufacturing by improving product texture, flavor, and shelf life, fueling the market’s growth.
Westford USA, Jan. 04, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Food Enzymes market,increased demand for natural food enzymes, as they are perceived as eco-friendly and healthier alternatives to chemical additives. Secondly, as consumers seek healthier food options, there’s a rising interest in enzyme-modified functional foods. Enzymes are being used to enhance the nutritional profiles of food products, improve digestion, and reduce allergenicity, aligning with the broader wellness and health-conscious consumer trend are trends that aid in the market’s growth.
Browse in-depth TOC on “Food Enzymes Market”
- Pages – 157
- Tables – 69
- Figures – 77
Food enzymes are proteins that catalyze chemical reactions in food. They are naturally occurring in plants and animals and are also produced commercially by microorganisms.
Prominent Players in the Food Enzymes Market
- Novozymes
- DSM
- Kerry Group
- Chr. Hansen
- Amano Enzyme
- Advanced Enzyme Technologies
- BASF
- DuPont
- Associated British Foods
- Biocatalysts
- Jiangsu Boli Bioproducts
- Lumis Biotech
- Enzyme Development Corporation
- Novo Nordisk Fermentas
- Alltech
- Danisco
- Meggle
- AB Enzymes
- Brenntag
- SternEnzym
- Phytex
- Enzyme Innovation
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Proteases Demand to Grow Substantially in the Forecast Period
Proteases dominate the global online market as they are highly versatile enzymes used in various food processing applications. They play a crucial role in the hydrolysis of proteins, breaking them into smaller peptides and amino acids. This functionality is valuable in dairy, meat, and beverage processing industries.
Bakery and Confectionery is the Leading Application Segment
In terms of application, the bakery and confectionery is the leading segment as the products encompass various food items, including bread, cakes, pastries, cookies, chocolates, and more. Enzymes are used extensively in these products for diverse purposes, such as dough conditioning, texture improvement, and flavor enhancement.
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Europe is the leading Market Due to the Technological Advancements
Region-wise, Europeis one of the largest growing markets as it boasts a well-established and diverse food processing industry, including bakery, dairy, confectionery, and beverage sectors. These industries have a high demand for food enzymes to improve product quality, extend shelf life, and comply with consumer demands for clean-label and natural ingredients.
A recent report thoroughly analyzes the major players operating within the Food Enzymes market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Food Enzymes.
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Key Developments in the Food Enzymes Market
- Breatec B.V., founded in 2006 and situated in Nieuwkuijk, the Netherlands, expanded its food enzymes business when BRAIN Biotech AG purchased a 62% ownership. The fact that Brain Group owns the enzyme businesses Biocatalysts, WeissBioTech, and Biosun FFI is noteworthy.
Key Questions Answered in Food Enzymes Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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