Europe Food Enzymes Market

Europe Food Enzymes Market Growth and Forecast (2023 - 2028):

Europe Food Enzymes Market was worth $0.63 billion in 2022 and estimated to be growing at a CAGR of 6.9%, to reach $0.87 billion by 2028.

Market Overview:

Food enzymes are capable of digesting food before the body’s own digestion process begins. The digestion of food can be enhanced even for the people with faulted digestive system.

Enzymes are present in all living cells. They are a part of natural biochemical processes that occur in the body. When one’s own body is not capable of producing the necessary enzymes, externally taken food enzymes can be the alternatives for those processes. Packed food contains complex carbohydrates and fats which cannot be broken down by the body. Food enzymes present in the processed foods are capable of breaking down complex carbohydrates into simpler molecules.

Drivers and Restraints:

Increase in the requirement for food security and increase in demand for packaged and processed food are the major factors driving the growth of food enzymes market. New advancements in technology in food processing using enzymes and reduction in cost of food enzymes also play a major role in driving the market. The health related side effects involved with the use of food enzymes in humans, high research and development costs for enzymes manufacturers and restrictions on temperature and pH range of the processed foods are the major restraining factors for food enzymes industry.

Europe Food Enzymes Market Segmentation Analysis:

The food enzymes market is segmented into Carbohydrases, Proteases and Lipases based on the type of enzymes. Carbohydrases hold the largest share in Food Enzymes Market in this segment because of its extensive use in food and beverage industries to breakdown carbohydrates into simple sugars. The food enzymes market is segmented based on the source of the enzymes as Plants, Animals and microorganisms. On the basis of application of food enzymes, the market is segmented into Beverage, Processed Food, Dairy, Bakery and Confectionery. Bakery products hold the largest market in this segment. It is mainly due to the increase in demand for bakery items in food industry. Food enzymes are further segmented into Lyophilized powder and liquid forms based on their forms.

Region Analysis:

Based on region, Europe is segmented into U.K., Germany, France, Spain and Italy. Germany holds the largest market share in food enzymes market in Europe because it is one of the largest producers of Dairy and Bakery products. The legislation imposed by European Union regarding health risks involved with the use of food enzymes is regulating the growth rate of the market.

Key Players in the Market:

Key players in food enzymes market include AB Enzymes GMBH, Advanced Enzymes Technologies Limited, AUM Enzymes, Dyadic International Inc., E.I. DUPONT DE Nemours & Company, Jiangsu Boli Bio products Co. Ltd, Novozymes A/S, Sunson Industry Group Company Limited, Nagase Chemtex Corporation, and Puratos Group NV