The global food enzymes market, valued at USD 3 billion in 2021, is set to experience robust growth with a projected Compound Annual Growth Rate (CAGR) of 6.1 percent during the forecast period. The markets expansion is being fueled by a surging demand for convenience food, especially in the wake of frozen, packaged, and processed food introductions in the Food and Beverage (F&B) industry. As packaged foods contain complex chemicals that can be challenging for the body to digest naturally, the use of food enzymes has become essential for F&B enterprises worldwide. Food enzymes are frequently employed as food additives to enhance the texture, digestibility, and shelf life of food and beverages. The markets growth is further driven by the thriving packaged food sector and increasing consumer awareness of the nutritional and health benefits of natural food enzymes.
Environmental Friendliness Spurs Market Growth
Over the next seven years, the primary driver propelling market expansion is expected to be the rising use of food enzymes in end-use sectors such as beverages, dairy, and confectionery. The bakery sector is anticipated to maintain its position as the leading end-use industry for food enzyme applications, followed by dairy and beverages, owing to qualities like extended shelf life and improved dough stability. Microbial sources are the primary source of food and beverage enzymes due to their cost-effectiveness and high production capabilities. The growth of the food enzyme market is projected to be driven by features such as digestion enhancement, softening, and anti-staling properties.
Notable Developments in the Industry
For instance, in July 2021, IFF announced the introduction of NuricaTM in North America, a premium dairy product produced using prebiotic galactooligosaccharides (GOS) fibers derived from milk lactose, significantly reducing sugar and lactose levels while enhancing sweetness and authentic milk flavors.
In January 2021, DuPont Nutrition & Biosciences introduced NovaGARD NR 100-G, an antimicrobial solution that inhibits the growth of harmful bacteria, ensuring the safety and quality of meat products throughout their shelf life.
Impact of COVID-19 on the Market
The COVID-19 pandemic has posed significant challenges to global food security and nutrition, putting millions at risk of food insecurity and malnutrition. Without coordinated action, the pandemics long-term effects, along with associated mitigation measures and the impending global recession, could disrupt food systems, leading to widespread consequences for nutrition and health.
Rising Interest in Processed Foods
The surge in demand for processed foods worldwide is attributed to the growing economies of Asia, particularly China and India. As the middle-class population in these regions expands, so does the processed food industry. Food enzymes find application in enhancing the freshness and shelf life of processed foods while preserving their flavor, color, and texture. With changing lifestyles and busy schedules, consumers increasingly prefer convenience and on-the-go food items, further driving the demand for food enzymes. Additionally, the use of food enzymes in the beverage sector has witnessed growth, particularly in the production of fruit and vegetable juices and the wine industry.
Advancements in Molecular Biology and Microbial Diversity
Innovations in molecular biology, genetics, and microbial diversity are contributing to the demand for food enzymes. As the consumption of processed and packaged foods increases, the need for food preservatives also grows, leading to higher demand for enzymes. The bakery and confectionery sector has witnessed significant growth due to the penetration of organized retail sectors in urban and rural areas, further fueling the market for food enzymes.
- Carbohydrates to Dominate Market: Carbohydrates, including cellulases, amylases, and other carbohydrate enzymes, are expected to have the largest market share by type. They are widely used in various food applications, with lipase anticipated to grow at the fastest CAGR due to factors such as low extraction cost, rising demand from dairy producers, and versatility.
- Food Segment Dominates Market: Food applications are projected to hold the largest market share, driven by increasing use of enzymes in the food and beverage industry. Enzymes are employed in meat processing, dairy products, baked goods, nutraceuticals, and other food items, contributing to the high demand in this segment.
- Asia Pacific Dominates Market: Asia Pacific is expected to witness the highest CAGR growth, fueled by increased consumer spending power, economic growth, and demand for premium processed foods in the region. Countries like India, China, and Australia are significant drivers for food enzymes due to changing consumer lifestyles.
- North America Holds Significant Market Share: North America led the global food enzymes market in 2021 and is poised for significant growth, driven by rising demand for processed foods in the United States and Canada. Technological advancements in the food ingredients sector and investments in enzyme development further support market expansion.
Key players in the food enzymes market include DuPont, Associated British Foods plc, DSM, Novozymes, CHR. Hansen, Kerry Group, Jiangsu Boli Bioproducts Co., Ltd., Biocatalysts Ltd., Puratos Group, Advanced Enzyme Technologies Ltd, Amano Enzyme Inc., Enzyme Development Corporation, ENMEX, S.A. de C.V., Enzyme Bioscience Private Limited, Aumgene Biosciences, Creative Enzymes, SUNSON Industry Group Co., Ltd, AUM Enzymes, Xike Biotechnology Co. Ltd., and Antozyme Biotech Pvt Ltd.
Innovations Drive Market Expansion
Recent innovations in the food enzymes market include International Flavors & Fragrances, Inc.s Enovera 3001 enzyme for enhancing bread dough while maintaining label-friendly formulations and Amano Enzyme Inc.s Umamizyme Pulse, a non-GMO enzyme designed for use in various plant protein products to improve their umami taste.
The global food enzymes market is poised for substantial growth in the coming years, driven by increasing consumer preferences for processed foods, advancements in enzyme technology, and expanding markets in Asia Pacific and North America.
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