Food Enzymes Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40529
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The food enzymes market has the potential to grow by $ 763.18 mn during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.09%.

This food enzymes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Product (Carbohydrases, Protease, Lipase, and Others), Application (Processed foods, Beverages, Animal feed and poultry, Dairy, and Bakery), and Geography (North America, APAC, Europe, South America, and MEA). The food enzymes market report also offers information on several market vendors, including Advanced Enzyme Technologies Ltd., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Chr. Hansen Holding AS, DuPont de Nemours Inc., Koninklijke DSM NV, Maps Enzymes Ltd., Novozymes AS, and Puratos NV/SA among others.

What will the Food Enzymes Market Size be in 2021?

Food-Enzymes-Market-Market-Size-2020-2025

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Food Enzymes Market: Key Drivers and Trends

Based on our research output, there has been a NEUTRAL impact on the market growth during and post COVID-19 era. The increasing demand from the beverage industry is notably driving the food enzymes market growth, although factors such as availability of substitutes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food enzymes market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This food enzymes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Food Enzymes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Advanced Enzyme Technologies Ltd.
  • Associated British Foods Plc
  • BASF SE
  • Biocatalysts Ltd.
  • Chr. Hansen Holding AS
  • DuPont de Nemours Inc.
  • Koninklijke DSM NV
  • Maps Enzymes Ltd.
  • Novozymes AS
  • Puratos NV/SA

The vendor landscape of the food enzymes market entails successful business strategies deployed by the vendors. The food enzymes market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the food enzymes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Food Enzymes Market?

Food-Enzymes-Market-Market-Share-by-Region-2020-2025

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32% of the market’s growth will originate from North America during the forecast period. US, China, Germany, UK, and France are the key markets for food enzymes market in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Rise in awareness about healthy and nutritional food will facilitate the food enzymes market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Food Enzymes Market?

Food-Enzymes-Market-Market-Share-by-Product-2020-2025

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The food enzymes market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the food enzymes market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Food Enzymes Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.09%

Market growth 2021-2025

$ 763.18 million

Market structure

Fragmented

YoY growth (%)

3.07

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 32%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Enzyme Technologies Ltd., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Chr. Hansen Holding AS, DuPont de Nemours Inc., Koninklijke DSM NV, Maps Enzymes Ltd., Novozymes AS, and Puratos NV/SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Food Enzymes Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive food enzymes market growth during the next five years
  • Precise estimation of the food enzymes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the food enzymes market across North America, APAC, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of food enzymes market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The food enzymes market growth will increase by $1289.65 million during 2019-2024.
The food enzymes market is expected to grow at a CAGR of 7.62% during 2019-2024.
Technavio has segmented the food enzymes market by product (Carbohydrases, Protease, Lipase, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
Advanced Enzyme Technologies Ltd., Alticor Inc., Associated British Foods Plc, BASF, Chr. Hansen Holding AS, DowDuPont Inc., Maps Enzymes Ltd., Novozymes AS, Puratos NV, Royal DSM are a few of the key vendors in the food enzymes market.
North America will register the highest growth rate of 34.14% among the other regions. Therefore, the food enzymes market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the food enzymes market growth are:
  • Increasing demand from the beverage industry
The food enzymes market vendors should focus on grabbing business opportunities from the carbohydrases segment as it accounted for the largest market share in the base year.
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