According to the current analysis of Reports and Data, the global Food Enzyme market was valued at USD 2.75 Billion in 2019 and is expected to reach USD 3.91 Billion by the year 2027, at a CAGR of 6.7 %. Enzymes are a type of protein molecules that are available in all living things. They speed up chemical reactions, in many cases increasing the rate of reaction millions of times. They also help digestion, cut and metabolize waste in humans and animals, as well as play a crucial role in muscle contraction. Enzymes have been used in the production of food, like dough making. This is done by removal from plants or animals or may be done by fermentation from micro-organisms.
Increasing geriatric population, the rising prevalence of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management are contributing to the growth of the food enzyme market .
Top Companies Operating in the Global Lipase Food Enzymes Market Report:
British Foods Plc. (ABF), Advanced Enzyme Technologies, Amano Enzyme Co., Ltd., BASF, Chr. Hansen Holding A/S, DowDuPont, Kerry Group PLC, Novozymes, Royal DSM N.V., and Aum Enzymes.
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Further key findings from the report suggest
- In March 2019, DSM launched Maxilact® Smart, a lactase enzyme that enables a notable increase in production efficiency and capacity, while allowing dairy producers to meet growing demand for lactose-free dairy products.
- Increasing product demand in food and animal feed application because of its proteinaceous nature is expected to boost market growth.
- Enzymes are commonly used in the baking industry, fruit juice cheese manufacturing, and brewing. The carbohydrase segment dominated the overall Lipase Food Enzymes Market share in 2019 and is expected to remain dominant during the forecast period.
- Consumers are shifting their choice from regular staple food to nutrient-enhanced healthy food products, thereby fostering the growing demand for enzymes in the food beverages industry.
- Development of fermentation techniques for the production of microbial enzymes helps in providing an extensive supply of enzymes. Bacteria, fungi, and yeast are used for the biosynthesis of various enzymes that are further used in several commercial applications.
- Asia-Pacific regional segment of the food enzyme market is expected to remain highest growing segment during 2019-2027, at a CAGR of 8.2%, owing to the rising awareness, market potential for existing products, and unexplored application segments.
- Lipases were valued at 308.3 million in 2019 and are expected to reach 500.45 million in 2027 due to increased use of this enzyme in food industry which promotes market growth.
- Global food enzyme manufacturers find great opportunity in China, owing to the huge demand for enzymes in processing food beverage products.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Lipase Food Enzymes Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Lipase Food Enzymes Market is provided to gain a deeper understanding of its growth and progress.
The global Lipase Food Enzymes Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type (Revenue, USD Million; 2017–2027)
- Carbohydrase
- Protease
- Lipase
- Polymerases
- Nucleases
Applications (Revenue, USD Million; 2017–2027)
- Beverages
- Processed foods
- Dairy products
- Bakery products
- Confectionery products
- Others (meat, poultry, and fish tenderizing)
Source (Revenue, USD Million; 2017–2027)
- Microorganisms
- Bacteria
- Fungi
- Plants
- Animals
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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