The global food enzymes market size was USD 1.69 billion in 2019 and is expected to reach USD 3.24 billion by 2032 while exhibiting a CAGR of 5.34% during the forecast period based on our analysis in the existing report. North America dominated the food enzymes market with a market share of 36.6% in 2019.

The enzymes as food additives market are witnessing robust growth owing to its extensive application in various processed food and beverages. The emerging trend of consuming clean-labeled products, rising demand for natural ingredients, and ongoing biotechnological advancements are the factors driving the growth of the global market.

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Food Enzymes: Essential for Digestion and Health

Food enzymes play a critical role in sustaining life, as all biological reactions in human cells rely on them. They break down large molecules such as proteins, fats, and carbohydrates into smaller fragments that can be easily absorbed by the small intestine. Without enzymes, the body would struggle to digest food, leading to food intolerance and other digestive issues. Therefore, enzymes are essential for proper digestion and can help alleviate certain stomach disorders, including irritable bowel syndrome (IBS).

What Does the Market Report Include?

The market report provides a comprehensive analysis of various factors impacting market growth from 2019 to 2026, including drivers, restraints, challenges, and opportunities. It offers both qualitative and quantitative information on regional demographics, with a focus on nations contributing to market growth. The report also delves into the competitive landscape, highlighting key players in the market and examining strategies such as mergers and acquisitions, collaborations, partnerships, and joint ventures that are expected to drive growth in the coming years.

Drivers and Restraints:

Increasing Demand for Clean-Labeled Food to Boost Market Growth

According to the European Food Safety Authority (EFSA), prolonged exposure to high concentrations of chemicals in food can have toxic effects on human health. While synthetic chemicals are essential in food processing, their consumption may have adverse health effects. As consumers become more aware of the health risks associated with synthetic ingredients, there is a growing shift towards clean-labeled food products. This change in consumer preferences is expected to drive demand for food enzymes, which are used in naturally processed products. For example, in October 2019, Tiny Organics, a U.S.-based direct-to-consumer brand, launched organic plant-based recipes for toddlers, including dishes like baby burrito bowls and coconut curry-inspired meals, catering to the rising demand for healthy, clean-labeled food.

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Regional Analysis:

North America to Lead Market Growth Due to High Demand for Processed Food

North America is projected to maintain a dominant position in the global food enzymes market due to factors such as a growing preference for natural ingredients and increasing demand for high-quality processed food. Additionally, rising investments from manufacturers to develop innovative enzyme-based products are expected to further fuel market growth in this region. Meanwhile, the Asia-Pacific region is expected to experience steady growth, driven by a growing demand for bakery and dairy products.

Competitive Analysis:

Joint Ventures to Stimulate Market Growth

In November 2019, Cargill and DSM announced a joint venture, Avansya, aimed at constructing a commercial facility to produce stevia sweeteners through fermentation. This collaboration involves the establishment of a 10,000 sq. ft. plant in Blair, Nebraska, with an investment of approximately USD 50 million. Such joint ventures, product launches, and expansions of product offerings are expected to drive demand for food enzymes and contribute to the overall market growth between 2020 and 2027.

LIST OF KEY COMPANIES PROFILED:

  • Novozymes (Denmark)
  • DuPont (U.S.)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • AB Enzymes (Germany)
  • Koninklijke DSM N.V. (Netherlands)
  • Chr. Hansen Holding A/S (Denmark)
  • BASF SE (Germany)
  • Nutritech Enzymes (Finland)
  • Amano Enzymes, Inc. (China)
  • Biocatalysts (UK)

Industrial Developments:

New Product Launches to Enhance Enzyme Applications

In March 2019, AB Enzymes, a leading biotech company, launched a new enzyme product called ROHALASE. This enzyme reduces the need for chemicals in the oil extraction process from seeds such as sunflower, soy, and canola, while also boosting yield. This innovation highlights the growing focus on enzyme-based solutions in various industries, including food production.

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