Food Enzymes Market Overview, Trends, Opportunities, Challenges, and Leading Companies

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Food Enzymes Market Overview, Trends,
Opportunities, Challenges, and Leading
Companies 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
RD 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 Europes food
beverage industry.
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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. Download PDF Brochure https//www.ma
rketsandmarkets.com/pdfdownloadNew.asp?id800 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 companys
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.
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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 IFFs latest innovation
for the Chinese market and is marketed under the
Danisco range of food ingredients. Get 10 Free
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