Chicago, Aug. 20, 2024 (GLOBE NEWSWIRE) -- 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. The growing demand for diverse range of food products, clean label trend, and increase in disposable income are the factors that are projected to drive the growth of the food enzymes market globally.
Key Players in the Market
DuPont (US)
Associated British Foods plc (UK)
DSM (Netherlands)
Novozymes (US)
CHR. Hansen Holdings A/S(Denmark)
Kerry Group (Ireland)
Jiangsu Boli Bioproducts Co., Ltd. (China)
Biocatalysts Ltd. (UK)
Puratos Group (Belgium)
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Market Dynamics of Food Enzymes Market
Drivers: Increasing demand for processed food
The global demand for processed foods is on the rise owing largely to the growing economies in the Asian continent. China and India are the major drivers behind the substantial growth of the processed food market. The middle-class population is increasing and the rise in their disposable incomes, coupled with a hectic lifestyle, contributes to the growth of this market. Food enzyme applications extend the freshness of end products, thereby prolonging the shelf life of convenience foods while also preserving their flavor, color, and texture.
Restraints: Restricted temperature and pH operational range
The action of food enzymes is largely influenced by the surrounding environmental conditions. A decrease in temperature causes the reaction rate to drop drastically, while thermal agitation denatures the food enzyme (deteriorates the food enzyme structure), thereby making it non-functional. Varying the pH outside the operational range of the food enzyme also reduces the enzyme activity and can ultimately lead to permanent denaturation. Food enzyme manufacturers are striving to produce enzymes that can operate in a wide temperature and pH range; however, there is still a long way to go if enzyme use must be universally implemented in all food & ...
