Dublin, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The "Global Food Enzymes Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The global food enzymes market is garnering significant attention with a projected market size expected to reach around US$ 3.31 billion by 2030. Food enzymes are essential for enhancing food quality, stability, and efficiency in production. A newly added research report on Food Enzymes Market Trends, Share, Growth, and Forecast 2024-2030 provides an in-depth analysis of current industry advances and the comprehensive trajectory of the market's growth.
Amid increasing consumer awareness regarding healthy eating habits and sustainable food production, the market for food enzymes is witnessing substantial growth. The report indicates a robust CAGR of 5.94% throughout the forecast period. Driven by the surge in demand for additive-enriched food to ensure food safety and prolonged shelf life, this growth reflects a positive response from the food industry to shifting consumer preferences.
The bakery sector, recognized for its escalating demand for convenient, healthy, and tasty products, is propelling the food enzymes market, particularly within the Carbohydrate enzyme segment. By application, beverages, dairy products, and meat processing sectors are also notable contributors to the expanding market share.
Key Insights and Growth Drivers in the Food Enzymes Industry
- The market is anticipated to experience significant expansion due to the increased adaptation of enzymes in packaged food products.
- Technological innovations lead to new food preparation methods, enhancing the food quality and thereby spurring demand for enzyme supplements in digestion.
- Rising population coupled with a heightened awareness around nutritious food intake is expected to fuel market growth.
With a focus on sustainability and efficacy, microorganisms are gaining traction as cost-effective substitutes for traditional animal and plant-based enzymes. This shift underscores the importance of developing innovative, microbial enzyme solutions that are scalable and more environmentally friendly.
The United States Maintains Leading Position
The United States continues to dominate the global food enzymes market with consumer inclination towards organic and natural food additives. The Asia-Pacific region, led by China, emerges as the fastest-growing market, driven by the adoption of Western dietary patterns and increased demand for processed food amidst the expanding working population.
Impactful Developments and Market Dynamics
Recent partnerships among key players aim at bolstering enzyme-based solutions for the animal feed market, reflecting a commitment to value generation and innovation in the field.
Comprehensive Regional Analysis and Expert Market Forecasts
The report delineates a detailed regional market analysis, including evaluations of North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. These insights are essential for stakeholders seeking to understand the diversity and specifics of the food enzyme market across the globe.
Esteemed Market Participants and Future Outlook
Leading companies mentioned in the report include global giants such as Advanced Enzyme Technologies, Novozymes, DuPont Danisco, Kerry Group PLC, and Associated British Foods Plc. Their strategic initiatives, market positioning, and sales insight are discussed comprehensively to provide a clear picture of the competitive landscape.
The report details these core segments, their promising growth, and the overarching market dynamics. Through meticulous research, it offers an invaluable resource for industry professionals and market spectators to gauge the food enzymes market's pulse and make informed decisions in this ever-evolving industry.
Competitive Landscape
BASF and Cargill have partnered up to provide enzyme solutions to animal protein producers in Jan 2023. They intention to convey modern enzyme-primarily based solutions to the market and generate value for animal feed customer.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.21 Billion |
| Forecasted Market Value (USD) by 2030 | $3.31 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Companies Covered: Overview, Company Initiatives, Sales Analysis
- Advanced Enzyme Technologies
- Novozymes
- DuPont Danisco
- Kerry Group PLC
- Associated British Foods Plc
- Chr. Hansen Holding A/S
- Enzyme Development Corporation (EDC)
- Dyadic International
By Types market has been covered from 4 viewpoints:
- Carbohydrase
- Lipase
- Protease
- Others
By Applications has been covered from 4 viewpoints:
- Beverages
- Bakery Products
- Dairy Products
- Others
By Source market has been covered from 3 viewpoints:
- Microorganisms
- Plants
- Animals
Company - Market has been covered from 21 Country Food Enzymes Industry viewpoints:
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Switzerland
Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Australia
Latin America
- Mexico
- Brazil
- Argentina
Middle East & Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Rest of the World
For more information about this report visit https://www.researchandmarkets.com/r/vs6gyn
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