Food Enzymes Market Size, Growth Insights 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, reflecting a compound annual growth rate (CAGR) of 5.34% during the forecast period. In the United States, the market is anticipated to expand considerably, attaining an estimated value of USD 839.88 million by 2032. This growth is largely fueled by the surging demand for processed food products and the continuous innovation of enzyme-based solutions by leading manufacturers. North America held the dominant position in 2019, accounting for 36.6% of the global share.
The increasing use of enzymes as food additives has significantly accelerated market growth, as these products are widely utilized in the production of processed foods and beverages. Additionally, the rising popularity of clean-label and naturally sourced ingredients, coupled with advancements in biotechnology, continues to drive global market expansion.
Impact of COVID-19 According to the International Monetary Fund (IMF), global economic growth contracted to -3.0% in 2020, down from 2.9% in 2019, primarily due to disruptions caused by the COVID-19 pandemic. In response, several global food industry leaders—Unilever, Nestlé, Olam, and PepsiCo—collaborated with research institutions, NGOs, and agricultural associations to enhance food system resilience. However, the introduction of protectionist trade measures in parts of Southeast Asia disrupted the global food supply chain, leading to an estimated 8–10% decline in the food ingredients and additives sector. Despite short-term challenges, the food enzymes market is expected to recover gradually and exhibit steady growth throughout the forecast period.
Information Source: https://www.fortunebusinessinsights.com/food-enzymes-market-102835
Market Insights This report presents a detailed assessment of the food enzymes market, analyzing the key drivers, restraints, challenges, and opportunities influencing its development. It includes regional insights supported by both qualitative and quantitative data from major economies. Furthermore, it provides an overview of the competitive landscape, highlighting key strategies such as mergers, acquisitions, alliances, and joint ventures undertaken by major industry participants.
Market Drivers and Restraints Rising Demand for Clean-Label and Natural Products The European Food Safety Authority (EFSA) has emphasized the potential health concerns linked to synthetic chemical exposure in food. As consumer awareness about these risks increases, demand for natural, clean-label food alternatives continues to grow—offering new opportunities for enzyme-based food processing. For example, in October 2019, U.S.-based Tiny Organics launched a range of organic, plant-based toddler meals featuring dishes such as pumpkin spice oatmeal, coconut curry, and baby burrito bowls, reflecting this trend.
Regional Overview North America: Leading the Global Market North America remains the leading regional market, supported by strong consumption of processed and premium food products and growing interest in natural and sustainable ingredients. Increasing investments in enzyme innovation and production technologies are further strengthening the region’s dominance. In contrast, the Asia-Pacific market is witnessing steady expansion, primarily driven by the growing demand for bakery and dairy products across emerging economies.
Competitive Landscape Strategic Collaborations Fueling Growth In November 2019, DSM and Cargill established a joint venture named Avansya, investing approximately USD 50 million to develop a large-scale fermentation-based stevia sweetener facility in Nebraska, U.S. This collaboration illustrates a broader market trend toward strategic partnerships, innovation, and product diversification to meet evolving consumer demands.
Key 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 Developments March 2019: AB Enzymes introduced ROHALASE, a novel enzyme designed to reduce the use of chemicals in oil extraction from seeds such as soybean, sunflower, and canola, while simultaneously enhancing yield and process efficiency.