Food Enzymes Market in Canada by Product and Application - Forecast and Analysis 2022-2026

The food enzymes market share in Canada is expected to increase by USD 35.41 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.47%.

This food enzymes market in Canada 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 the food enzymes market in Canada segmentation by product (carbohydrase, protease, lipase, and others) and application (bakery, confectionery, beverages, dairy and frozen desserts, and meat products). The food enzymes market in Canada report also offers information on several market vendors, including Associated British Foods Plc, BASF SE, BRENNTAG SE, DuPont de Nemours Inc., Jiagen Biotechnologies Inc., Kerry Group Plc, Koninklijke DSM NV, Novo Holdings AS, Puratos NV/SA, and Ultra Bio-Logics Inc. among others.

What will the Food Enzymes Market Size in Canada be During the Forecast Period?

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Food Enzymes Market in Canada: Key Drivers, Trends, and Challenges

The rise in awareness about healthy and nutritional food is notably driving the food enzymes market growth in Canada, although factors such as the availability of substitutes may impede the 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 industry in Canada. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Food Enzymes Market Driver n Canada

The rise in awareness about healthy and nutritional food is one of the key drivers supporting the food enzymes market growth in Canada. Processing and packaging can extend the shelf life of food products. Therefore, food manufacturers are replacing fresh farm produce with processed foods. Consumption of fat-rich and calorie-laden foods that lack essential micronutrients impedes the normal metabolism in humans. The use of food enzymes is increasing by processed food manufacturers in their products as these enzymes break down the complex carbohydrates and fats present in foods and support digestion and metabolism. Thus, the increasing demand for processed foods is expected to drive the food enzymes market in Canada during the forecast period.

Key Food Enzymes Market Trend in Canada

The growing demand from food processing applications is another factor supporting the food enzymes market growth in Canada. The increasing penetration of organized retail in urban and rural areas globally drives the demand for enzymes from the food industry. The enzymes enhance metabolism and support digestion by breaking down the complex fats and carbohydrates into simpler molecules. They are used in various applications in the food industry as biocatalysts to improve product quality and increase the rate of production. The production of alcoholic and non-alcoholic beverages requires enzymes used in the food industry. They decompose pectin present in the plant cell walls, consequently increasing the quality of the extracted juice. Thus, the growing demand for enzymes from food processing applications is expected to drive the growth of the market in focus during the forecast period.

Key Food Enzymes Market Challenge in Canada

The availability of substitutes is hindering the food enzymes market growth in Canada. Emulsifiers exhibit similar characteristics and use as food enzymes. The food and beverage industry in Canada is witnessing intense competition concerning the use of emulsifiers and enzymes. The functional superiority and versatility of emulsifiers offset the substitution effect of enzymes. They are predominantly used by food manufacturers to stabilize a mixture of immiscible substances or emulsions.  A keen focus on innovation, customer value enhancement, and exploration of lucrative market opportunities globally is imperative to sustain the market position of emulsifiers. Thus, the availability of alternatives such as emulsifiers is expected to impede the demand for the food enzymes market in Canada during the forecast period.

This food enzymes market in Canada 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 2022-2026.

Parent Market Analysis

Technavio categorizes the food enzymes in Canada as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food enzymes market in Canada during the forecast period.

Who are the Major Food Enzymes Market Vendors in Canada?

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

 

• Associated British Foods Plc
• BASF SE
• BRENNTAG SE
• DuPont de Nemours Inc.
• Jiagen Biotechnologies Inc.
• Kerry Group Plc
• Koninklijke DSM NV
• Novo Holdings AS
• Puratos NV/SA
• Ultra Bio-Logics Inc.

 

This statistical study of the food enzymes market in Canada encompasses successful business strategies deployed by the key vendors. The food enzymes market in Canada is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• BASF SE - The company offers products such as Nutrilife juice & wine enzymes.

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.

The food enzymes market in Canada forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Food Enzymes Market in Canada Value Chain Analysis

Our report provides extensive information on the value chain analysis for the food enzymes market in Canada, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the packaged foods and meats market includes the following core components:

• Input
• Inbound logistics
• Primary processing 
• Secondary and tertiary processing 
• Outbound logistics 
• End-customers  
• Marketing and sales 
• Innovations 

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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

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The food enzymes market share growth in Canada by the carbohydrase segment will be significant during the forecast period. The demand for carbohydrases is witnessing a continuous increase due to the rising consumption of amylase, alpha-galactosidase, lactase, and other enzymes in the brewery and dairy industries. They are the primary enzymes that are used in the starch and ethanol processing industries, particularly amylase, which is extensively used in the production of starch-based sweeteners and ethanol. Such factors will drive growth in the segment in focus in the food enzymes market in Canada during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the food enzymes market size in Canada and actionable market insights on post COVID-19 impact on each segment.

 

Food Enzymes Market Scope in Canada
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.47%
Market growth 2022-2026	$ 35.41 million
Market structure	Concentrated
YoY growth (%)	4.02
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Associated British Foods Plc, BASF SE, BRENNTAG SE, DuPont de Nemours Inc., Jiagen Biotechnologies Inc., Kerry Group Plc, Koninklijke DSM NV, Novo Holdings AS, Puratos NV/SA, and Ultra Bio-Logics Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the 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 Data Covered in this Food Enzymes Market in Canada Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive food enzymes market growth in Canada during the next five years
• Precise estimation of the food enzymes market size in Canada and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the food enzymes industry in Canada 
• 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 in Canada 

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