Summary
Food enzymes are complex constituents that act as catalysers, which increase diversity, variety, and quality during food processing. The enzymes in the food industry are primarily used for preserving and purifying beverages, overcoming ripening time in dairy and meat products, enhancing loaf volume of bread, advancing quality and yield of products, modifying fats, and tenderizing meats. According to the Renub Research Analysis, the Food Enzymes Market was valued at US$ 2.3 Billion in 2020.
The food enzymes are produced from different sources like microorganisms, plants and animals are used in the food industry for broad applications. In addition, by type, the food enzymes market is bifurcated, such as carbohydrates, lipases, and proteases. Innovation has allowed the players to exploit diverse application industries such as bakery products, beverages and dairy products, consequently triggering the opportunities in the Food Enzymes Industry to be progressing at a CAGR of 6.20% through the forecast period 2020-2026.
Furthermore, to develop production means while optimizing costs and ensuring quality, the food industry is constantly looking for new and innovative constituents to obtain the most high-grade quality products. Thus, the growing importance of enzymes in the food industry is fuelling the growth of the food enzymes market.
The report covers a competitive panorama based on an extensive assessment of the industry's key company initiatives adopted by driving market participants (2017-2020). The key players profiled in the Food Enzymes Market are BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM and Kerry Group PLC. According to Renub Research, the Global Food Enzymes Market Size is projected to reach US$ 3.3 Billion by 2026.
COVID-19 Impact on Global Food Enzymes Industry
The impact of COVID-19 in the Food Enzymes Market is anticipated to be vital, as the current pandemic has highlighted the consequence of safe, healthy, and nutritious eating. The key companies in the food enzymes market have begun establishing regional production for ingredient sales across the countries. R&D and sales departments and are also optimizing supply chains for the distribution of raw materials.
Amidst the COVID-19 outbreak, food ingredient companies encountered significant challenges in addressing the inflated demand for food enzymes, including changing tastes and preferences. A rapid and unforeseen spike in desire for functional foods during the pandemic ended in manufacturers, suppliers, and retailers struggling to ensure a continued supply of raw materials in the market. Disturbances in the supply chain during the pandemic lockdown across the countries were challenging for the market.
Renub Research latest report “Food Enzymes Market, Global Forecast by Types (Carbohydrase, Lipase, Protease, Others), Source (Microorganism, Plant, Animal), Application (Bakery Products, Beverages, Dairy Products, Others), Region (North America, Europe, Asia Pacific, Middle East and Rest of the World), Company (BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC)" provides a detailed analysis of Food Enzymes Market globally.
By Types market has been covered from 4 viewpoints:
1. Carbohydrase
2. Lipase
3. Protease
4. Others
By Applications has been covered from 4 viewpoints:
1. Bakery Products
2. Beverages
3. Dairy Products
4. Others
By Source market has been covered from 3 viewpoints:
1. Microorganism
2. Plant
3. Animal
By Regions market has been covered from 5 viewpoints:
1. North America
2. Europe
3. Asia -Pacific’s
4. Middle East
5. ROW
Company Insights:
• Overview
• Company Initiatives
• Sales Analysis
Companies Covered:
1. BASF SE
2. Advanced Enzyme Technologies
3. Novozymes
4. DuPont Danisco
5. DSM
6. Kerry Group PLC
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Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Market Analysis - Global Food Enzymes
6. Market Share
6.1 By Types
6.2 By Applications
6.3 By Source
6.4 By Regions
7. By Types
7.1 Carbohydrase
7.2 Lipase
7.3 Protease
7.4 Others
8. By Applications
8.1 Bakery Products
8.2 Beverages
8.3 Dairy Products
8.4 Others
9. By Source
9.1 Microorganisms
9.2 Plants
9.3 Animals
10. By Regions
10.1 North America
10.2 Europe
10.3 Asia -Pacific’s
10.4 Middle East
10.5 ROW
11. Company Analysis
11.1 BASF SE
11.1.1 Overview
11.1.2 Company Initiatives
11.1.3 Sales Analysis
11.2 Advanced Enzyme Technologies
11.2.1 Overview
11.2.2 Company Initiatives
11.2.3 Sales Analysis
11.3 Novozymes
11.3.1 Overview
11.3.2 Company Initiatives
11.3.3 Sales Analysis
11.4 DuPont Danisco
11.4.1 Overview
11.4.2 Company Initiatives
11.4.3 Sales Analysis
11.5 DSM
11.5.1 Overview
11.5.2 Company Initiatives
11.5.3 Sales Analysis
11.6 Kerry Group PLC
11.6.1 Overview
11.6.2 Company Initiatives
11.6.3 Sales Analysis
Table-01: Global Food Enzymes Market Share by Type (Percent), 2017 – 2020
Table-02: Forecast for – Global Food Enzymes Market Share by Type (Percent), 2021 – 2026
Table-03: Global Food Enzymes Market Share by Application (Percent), 2017 – 2020
Table-04: Forecast for – Global Food Enzymes Market Share by Application (Percent), 2021 – 2026
Table-05: Global Food Enzymes Market Share by Source (Percent), 2017 – 2020
Table-06: Forecast for – Global Food Enzymes Market Share by Source (Percent), 2021 – 2026
Table-07: Global Food Enzymes Market Share by Region (Percent), 2017 – 2020
Table-08: Forecast for – Global Food Enzymes Market Share by Region (Percent), 2021 – 2026
Figure-01: Global Food Enzymes Market (Million US$), 2017 – 2020
Figure-02: Forecast for – Global Food Enzymes Market (Million US$), 2021 – 2026
Figure-03: Type – Carbohydrases Market (Million US$), 2017 – 2020
Figure-04: Type – Forecast for Carbohydrases Market (Million US$), 2021 – 2026
Figure-05: Type – Lipase Market (Million US$), 2017 – 2020
Figure-06: Type – Forecast for Lipase Market (Million US$), 2021 – 2026
Figure-07: Type – Protease Market (Million US$), 2017 – 2020
Figure-08: Type – Forecast for Protease Market (Million US$), 2021 – 2026
Figure-09: Type – Others Market (Million US$), 2017 – 2020
Figure-10: Type – Forecast for Others Market (Million US$), 2021 – 2026
Figure-11: Application – Bakery Products Market (Million US$), 2016 – 2020
Figure-12: Application – Forecast for Bakery Products Market (Million US$), 2021 – 2026
Figure-13: Application – Beverages Market (Million US$), 2016 – 2020
Figure-14: Application – Forecast for Beverages Market (Million US$), 2021 – 2026
Figure-15: Application – Dairy Products Market (Million US$), 2016 – 2020
Figure-16: Application – Forecast for Dairy Products Market (Million US$), 2021 – 2026
Figure-17: Application – Others Market (Million US$), 2016 – 2020
Figure-18: Application – Forecast for Others Market (Million US$), 2021 – 2026
Figure-19: Source – Microorganism Market (Million US$), 2017 – 2020
Figure-20: Source – Forecast for Microorganism Market (Million US$), 2021 – 2026
Figure-21: Source – Plant Market (Million US$), 2017 – 2020
Figure-22: Source – Forecast for Plant Market (Million US$), 2021 – 2026
Figure-23: Source – Animal Market (Million US$), 2017 – 2020
Figure-24: Source – Forecast for Animal Market (Million US$), 2021 – 2026
Figure-25: North America – Food Enzymes Market (Million US$), 2016 – 2020
Figure-26: North America – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-27: Europe – Food Enzymes Market (Million US$), 2016 – 20203
Figure-28: Europe – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-29: Asia Pacific – Food Enzymes Market (Million US$), 2016 – 2020
Figure-30: Asia Pacific – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-31: Middle East – Food Enzymes Market (Million US$), 2016 – 2020
Figure-32: Middle East – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-33: Rest of World – Food Enzymes Market (Million US$), 2016 – 2020
Figure-34: Rest of World – Forecast for Food Enzymes Market (Million US$), 2021 – 2026
Figure-35: BASF SE – Global Revenue (Million US$), 2017 – 2020
Figure-36: BASF SE – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-37: Advanced Enzyme Technologies – Global Revenue (Million US$), 2017 – 2020
Figure-38: Advanced Enzyme Technologies – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-39: Novozymes – Global Revenue (Million US$), 2017 – 2020
Figure-40: Novozymes – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-41: DuPont Danisco – Global Revenue (Million US$), 2017 – 2020
Figure-42: DuPont Danisco – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-43: DSM – Global Revenue (Million US$), 2017 – 2020
Figure-44: DSM – Forecast for Global Revenue (Million US$), 2021 – 2026
Figure-45: Kerry Group PLC – Global Revenue (Million US$), 2017 – 2020
Figure-46: Kerry Group PLC – Forecast for Global Revenue (Million US$), 2021 – 2026
