The food enzymes market size is estimated to be valued at USD 2.2 billion in 2021 and is projected to reach USD 3.1 billion by 2026, recording a CAGR of 6.4%, in terms of value. Growing environmental concerns, urbanization, increasing disposable income, and advancements in R&D activities led to the growth of food enzymes market. In addition, advancements in technology, such as enzyme engineering and the introduction of genetically engineered enzymes, have boosted the growth of the food industry. Factors such as the multifunctional benefits of food enzymes across various applications and technological innovations to reduce the consumption of chemicals contribute to the growth of the global market.
Food Enzymes Market Opportunities: Innovative technological platforms
The global food enzymes market has many small-scale manufacturers trying to compete with the market leaders in terms of the application specificity of the food enzymes produced. This, in turn, is dependent upon the quality of production strain developed by manufacturers. Various technology licensors provide small-scale manufacturers with the opportunity to produce programmable enzymes, which can be scaled up to produce large volumes. Dyadic International Inc. (US) is one such licensor that provides its C1 platform technology to smaller players to produce large volumes of high-mobility food enzymes on-site.
Threats: Changes in food enzymes safety regulations in Europe
The European market for food enzymes held a share of about 30.0% of the global market in 2015. As enzymes are naturally present in ingredients used to make food, earlier, their safety and toxicity were not of much concern. However, the advent of large-scale production of food enzymes through strains of genetically modified microorganisms has led to increased scrutiny on the use of enzymes in Europe’s food & beverage industry.
In the past, the regulation of enzymes used as processing aids was not carried out at the EU level. Of the member states, only Denmark and France evaluated these processing aids before their use in the food & beverage industry. This inconsistency in the assessment criteria of food enzymes among nations prompted the framing of a new EU legislation.
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The fastest-growing Type: Carbohydrases, is projected to account for the largest share of the market during the forecast period
The carbohydrases segment is projected to dominate the food enzymes market during the forecast period. They are classified into amylases, cellulases, and other carbohydrases (such as pectinases, lactases, mannanases, and pullulanases). Carbohydrases are used in food applications, to cater to various industries such as bakery & confectionery, dairy, and processed food. They have added advantages to various food applications due to their cost-effectiveness, less time & space consumption, and ease in modification and optimization of the process.
Top Companies in the Food Enzymes Market
Key players in this market include DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHR. Hansen (Denmark), Kerry Group (Ireland), Jiangsu Boli Bioproducts Co., Ltd. (China), Biocatalysts Ltd. (UK), Puratos Group (Belgium), Advanced Enzyme Technologies Ltd (India), Amano Enzyme Inc. (Japan), Enzyme Development Corporation (US), ENMEX, S.A. de C.V. (Mexico), Enzyme Bioscience Private Limited, Aumgene Biosciences (India), Creative Enzymes (US), SUNSON Industry Group Co., Ltd (China), AUM Enzymes (India), Xike Biotechnology Co. Ltd. (China), and Antozyme Biotech Pvt Ltd (India).
Novozymes (Denmark)
Novozymes (Denmark) is a major bio-innovation company providing biological solutions, which involves the application of enzymes and microbes. The company offers various products, which cater to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. Novozymes has been introducing new products to make its product portfolio diverse. In addition, the company is focused on expanding its global presence to prosper in the food enzymes market. Currently, it has been catering to all the major regions, such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. It focuses on innovation activities to identify new opportunities in the food enzymes market. For instance, in May 2019, Novozymes announced the launch of a new enzymatic solution for the Chinese corn milling industry “Frontia Jade” targets ‘wet milling’, which is the first step in the starch conversion process. The product helps mills achieve better starch yields while reducing energy consumption and costs.
DuPont (US)
DuPont is a world-class multi-industry specialty solutions company with large global businesses aligned with growing, attractive end markets. It offers a wide range of food enzyme products under their “nutrition and biosciences” division. “Danisco” is the company’s major brand under which DuPont offers numerous quality food enzyme solutions. Their products enhance food freshness, optimize production, add texture, ensure quality, and reduce costs of the overall food products in the end-use sectors, such as dairy, confectionery, bakery, meat, and beverages.
DuPont has a strong market position in global markets and has also established a strong distribution network. It is identified as a star player in the global food enzymes market. The company undertook a merger with International Flavors and Fragrances Inc. (US) in 2021, which has further strengthened its product portfolio for food nutrition solutions. With the merger of IFF and Danisco, Danisco has been able to offer innovative solutions across various regions. In April 2021, IFF (a part of DuPont) announced the launch of Nurica enzyme in China, offering a new solution for dairy producers to create a premium product to fulfill consumer health needs while increasing profitability. Nurica is IFF’s latest innovation for the Chinese market and is marketed under the Danisco range of food ingredients.
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