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Global Food Enzymes Growth Opportunities
Global Food Enzymes Growth Opportunities
New Product Innovations to Cater to the Demand for Clean-label Products Will Fuel Innovation in Food Enzymes
20-Oct-2021
Global
Description
Enzymes are defined as specialized proteins that act as catalysts to speed up a specific reaction. In most cases, enzymes used in food are used as processing aids, where they aid in the manufacturing of food or food ingredients but do not have a function in the final product. Very few enzymes are used as food additives or ingredients and are functional in the final product.
The demand for ‘free-from’, healthy, and clean-label food products is a key factor driving growth across food enzymes. Health-conscious consumers are driving dairy and bakery product formulators to rethink their label claim strategies. The need for better-for-you products globally is expected to drive the adoption of enzymes compared to chemical or synthetic processing aids. The other trend that prevalent across the bakery and brewing industry is the use of local and ancient grains for the production of artisanal or craft products. The increase in the popularity of ancient and local grains is expected to offer an opportunity for enzyme technologies, as working with ancient grains could pose formulation challenges in terms of texture, softness, and freshness. Alternative plant-based products are expected to drive the demand for novel enzyme solutions that can help formulators to improve the texture and flavor profile of plant proteins while catering to clean-label requirements.
The focus of the present research is to assess the opportunity across food and beverage enzymes being used as processing aids. The key enzyme categories considered are carbohydrases, lipases, proteases, and other enzymes, such as transferases and oxidoreductases. The carbohydrases category, which primarily includes amylolytic enzymes, lactases, pectinases, and xylanases, is estimated to account for the largest share in the total food enzymes market in 2020. Carbohydrases are used across all major application areas, such as bakery, brewing, dairy, and starch processing. Overall, beverages accounted for a majority of the share in 2020, followed by bakery and enzymes used in other application areas, including starch, meat and seafood, and fat and oil processing. The demand for fresh, environment-friendly, and clean-label products will drive the adoption of enzymes as processing aids. Across the bakery sector, the trend of reducing food wastage is another key driver for enzymes, as enzymes can help manufacturers produce high-quality products with improved longevity and flexibility. Historically, enzymes were derived from animal sources; however, in the last several decades, microbial sources have gained prominence. In 2020, microbe-derived enzymes were estimated to account for the largest share, followed by plant-derived enzymes that are estimated to register higher growth during the forecast period, as the industry looks for more stable enzyme alternatives.
In terms of regions, Europe held the largest share in the food enzymes market in 2020, closely followed by North America. Higher adoption of enzyme technologies across different end-applications, both in Europe and North America, are the key factors driving higher market share. Asia-Pacific (APAC) and Latin America, the Middle East, and Africa (LAMEA), on the other hand, are estimated to account for higher growth, driven by higher penetration. Formulators in the region are switching to enzymes to cater to the growing consumer demand for clean-label products. Across APAC, growth is expected from markets such as China, Japan, India, and some Southeast Asian countries.
In terms of the competitive environment, the food enzymes market is highly consolidated with the top-4 global participants holding a majority of the share. Though, there are a number of mid-to-small-sized regional participants specializing in specific application areas, most innovations are being driven by large multinationals such as Novozymes, IFF, and AB Enzymes. Companies are mainly focused on organic growth strategies, with innovation and expansion of product portfolio being the key growth approach. However, there lies a significant opportunity for them to collaborate and partner to develop novel enzyme solutions. There is also opportunity in developing enzyme technologies that can target high-growth application areas (e.g., developing enzymatic solutions for the plant-based dairy or meat industry).
Author: Smriti Sharma
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Food Enzymes Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Food Enzymes Market—Scope of Analysis
Executive Summary—Food Enzymes Market
Executive Summary—Food Enzymes Market (continued)
Key Questions This Study Will Answer
Market Segmentation
Market Definitions
Market Definitions (continued)
Market Definitions (continued)
Growth Drivers for Food Enzymes Market
Key Competitors in the Food Enzymes Market
Key Growth Metrics in the Food Enzyme Market
Growth Driver Analysis for the Food Enzymes Market
Growth Driver Analysis for the Food Enzymes Market (continued)
Growth Driver Analysis for the Food Enzymes Market (continued)
Growth Driver Analysis for the Food Enzymes Market (continued)
Growth Restraints for the Food Enzymes Market
Growth Restraint Analysis for the Food Enzymes Market
Growth Restraint Analysis for the Food Enzymes Market (continued)
Growth Restraint Analysis for Food Enzymes Market (continued)
Regulatory Landscape—Food Enzymes Market: NA
Regulatory Landscape—Food Enzymes Market: Europe
Regulatory Landscape—Food Enzymes Market: APAC and LAMEA
Forecast Assumptions—Food Enzymes Market
Forecast Assumptions—Food Enzymes Market (continued)
Revenue Forecast—Food Enzymes Market
Revenue Forecast by Application—Food Enzymes Market
Revenue Forecast by Enzyme Type—Food Enzymes Market
Revenue Forecast Analysis—Food Enzyme Market
Revenue Forecast by Region—Food Enzymes Market
Revenue Forecast Analysis by Region—Food Enzyme Market
Revenue Forecast by Source—Food Enzymes Market
Revenue Forecast Analysis by Source—Food Enzyme Market
Competitive Environment—Food Enzymes Market
Revenue Share—Food Enzymes Market
Product Mapping—Food Enzymes Market
Product Mapping—Food Enzymes Market (continued)
Product Mapping—Food Enzymes Market (continued)
Product Mapping—Food Enzymes Market (continued)
Key Growth Metrics for Bakery Enzymes Market
Bakery Enzymes—Overview
Bakery Enzymes—Overview (continued)
Bakery Enzymes—Overview (continued)
Bakery Enzymes—Overview (continued)
Revenue Forecast—Bakery Enzymes Market
Revenue Forecast by Enzyme Type—Bakery Enzymes Market
Revenue Forecast by Region—Bakery Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Bakery Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Bakery Enzymes Market (continued)
Revenue Forecast Analysis by Region—Bakery Enzymes Market
Revenue Forecast Analysis by Region—Bakery Enzymes Market (continued)
Revenue Forecast Analysis by Region—Bakery Enzymes Market (continued)
Product Launches by Key Manufacturers—Bakery Enzymes Market
Product Launches by Key Manufacturers—Bakery Enzymes Market (continued)
Key Growth Metrics for Dairy Enzymes Market
Dairy Enzymes—Overview
Dairy Enzymes—Overview (continued)
Revenue Forecast—Dairy Enzymes Market
Revenue Forecast by Enzyme Type—Dairy Enzymes Market
Revenue Forecast by Region—Dairy Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Dairy Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Dairy Enzymes Market (continued)
Revenue Forecast Analysis by Region—Dairy Enzymes Market
Revenue Forecast Analysis by Region—Dairy Enzymes Market (continued)
Product Launches by Key Manufacturers—Dairy Enzymes
Product Launches by Key Manufacturers—Dairy Enzymes (continued)
Key Growth Metrics for Beverage Enzymes Market
Beverage Enzymes—Overview
Beverage Enzymes—Overview (continued)
Beverage Enzymes—Overview (continued)
Revenue Forecast—Beverage Enzymes Market
Revenue Forecast by Enzyme Type—Beverage Enzymes Market
Revenue Forecast by Region—Beverage Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Beverage Enzymes Market
Revenue Forecast Analysis by Region—Beverage Enzymes Market
Revenue Forecast Analysis by Region—Beverage Enzymes Market (continued)
Product Launches by Key Manufacturers—Beverage Enzymes
Product Launches by Key Manufacturers—Beverage Enzymes (continued)
Key Growth Metrics for Other Food Processing Enzymes Market
Other Food Processing Enzymes—Overview
Other Food Processing Enzymes—Overview (continued)
Revenue Forecast—Other Food Processing Enzymes Market
Revenue Forecast by Enzyme Type—Other Food Processing Enzymes Market
Revenue Forecast by Region—Other Food Processing Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Other Food Processing Enzymes Market
Revenue Forecast Analysis by Enzyme Type—Other Food Processing Enzymes Market (continued)
Revenue Forecast Analysis by Region—Other Food Processing Enzymes Market
Growth Opportunity 1: Portfolio Expansion Offering Novel Enzyme Solutions for Catering to the Changing Demand for Sustainable, Clean-label Ingredients
Growth Opportunity 1: Portfolio Expansion Offering Novel Enzyme Solutions for Catering to the Changing Demand for Sustainable, Clean-label Ingredients (continued)
Growth Opportunity 2: Development of Novel Enzyme Technology Platforms for Energizing Cross-Industry Application
Growth Opportunity 2: Development of Novel Enzyme Technology Platforms for Energizing Cross-Industry Application (continued)
Growth Opportunity 3: Product Development for Targeting New or High-growth Application Areas and Regional Requirements
Growth Opportunity 3: Product Development for Targeting New or High-growth Application Areas and Regional Requirements (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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| No Index | No |
|---|---|
| Podcast | No |
| Author | Smriti Sharma |
| WIP Number | K673-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9104-A2,9595 |