Food Enzymes Market Share, Size, Report, Growth and Forecast to 2032

Food Enzymes Market Share, Size, Report, Growth and Forecast to 2032 The global food enzymes market was valued at USD 1.69 billion in 2019 and is projected to reach USD 3.24 billion by 2032, registering a CAGR of 5.34% during the forecast period. In the United States, the market is expected to grow significantly, reaching approximately USD 839.88 million by 2032. This expansion is supported by increasing demand for processed foods and the steady introduction of innovative enzyme-based applications. North America dominated the market in 2019, accounting for 36.6% of the total share. The application of enzymes in the food industry is expanding rapidly due to their versatility across processed food and beverage categories. Growing consumer inclination toward clean-label products, rising demand for natural ingredients, and technological progress in biotechnology are among the primary factors fueling global growth. The International Monetary Fund (IMF) reported that the global economy contracted to -3.0% in 2020, compared to 2.9% in 2019, largely due to the disruptions from pandemic. During this time, major food corporations including Nestl , Olam, collaborated with the COVID-19 Unilever, PepsiCo research and NGOs, institutions, and farming communities to build resilient food systems. However, protectionist trade measures in Southeast Asia strained international supply chains, with an estimated 8 10% disruption in the food ingredients and additives sector. Although short-term consumption of food enzymes was negatively affected, the market is expected to recover with steady growth over the forecast horizon. Information Source: https://www.fortunebusinessinsights.com/food-enzymes- market-102835 Market Insights The report delivers an in-depth assessment of the market, analyzing growth drivers, challenges, restraints, and emerging opportunities. It also provides regional perspectives with both qualitative and quantitative insights, broken

down by key countries. Furthermore, the competitive landscape is highlighted, focusing on strategies such as mergers, acquisitions, partnerships, and joint ventures adopted by leading players. Market Drivers and Restraints Shift Toward Clean-Label Products to Boost Adoption The European Food Safety Authority (EFSA) warns that long-term exposure to high levels of synthetic chemicals in food can negatively impact human health. Increasing consumer awareness of these risks is driving demand for naturally processed, clean-label alternatives. This shift is expected to significantly benefit the food enzymes market. For example, in October 2019, Tiny Organics, a U.S.- based direct-to-consumer company, launched organic, plant-based toddler meals, including options like pumpkin spice oatmeal, coconut curry, and baby burrito bowls. Regional Overview North America: Leading with Strong Processed Food Demand North America is anticipated to retain its leading position in the market, supported by consumer demand for natural ingredients and premium processed foods. Investments in advanced enzyme solutions by food manufacturers will further strengthen the region s growth. Meanwhile, Asia-Pacific is forecasted to experience steady expansion, particularly driven by the rising consumption of bakery and dairy products. Competitive Landscape Collaborations Driving Market Expansion In November 2019, Cargill and DSM launched a joint venture called Avansya to establish a large-scale facility in Nebraska for producing stevia sweeteners through fermentation. Valued at around USD 50 million, this collaboration reflects the industry s broader focus on partnerships, product innovation, and portfolio diversification to meet evolving consumer needs. Leading Companies in the Food Enzymes Market Novozymes (Denmark) DuPont (U.S.) Hoffmann-La Roche Ltd. (Switzerland) AB Enzymes (Germany)

Koninklijke DSM N.V. (Netherlands) Chr. Hansen Holding A/S (Denmark) BASF SE (Germany) Nutritech Enzymes (Finland) Amano Enzymes, Inc. (China) Biocatalysts (UK) Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample- pdf/food-enzymes-market-102835 Recent Industry Updates March 2019: AB Enzymes launched ROHALASE, a novel enzyme aimed at reducing chemical dependency in oil extraction from seeds such as soy, sunflower, and canola, while simultaneously improving yield efficiency.