Latin America Food Enzymes Market

Latin America Food Enzymes Market Size

The food enzymes market size in Latin America was valued at USD 0.31 billion in 2023. The regional market is estimated to grow from USD 0.33 billion in 2024 to USD 0.58 billion by 2032, growing at a CAGR of 7.2% from 2024 to 2032.

Enzymes are present in all living things. They target and speed up certain chemical reactions and, in some cases, increase the rate of reactions by a million times. They are helpful in digestion and metabolic processes and the removal of waste in humans and animals. They also play a vital role in the contraction of muscles. Enzymes are added to perform certain functions in the processing and manufacturing in food industries. They are used to change the molecular structure of juice so as to extract more juice. Starch is converted into sugar using enzymes in alcohol production. They are also used to lower the energy required for a reaction to occur. Some reactions in the human body do not occur without enzymes supporting them. Enzymes are responsible for dissolving blood clots in the body.

The rapid increase in the population increased the demand for packaged and processed foods. In addition, increased awareness regarding healthy and quality food and beverage products is driving the growth rate of the food enzymes market. The increase in food processing industries in developing countries is propelling the market growth. The increase in demand for processed food, confectionary, and bakery in developing countries like Brazil and Argentina is driving the growth rate of the market. A huge untapped consumer base provides a lot of opportunities for the food enzyme market.

The side effects on people’s health resulting from the use of food enzymes and uncertain regulatory guidelines are restraining the market growth.

The food enzymes market is categorized into carbohydrates, proteases, and lipases based on the enzyme type. Carbohydrases hold the largest share in the food enzyme market in this category as they act as catalysts in the conversion of Carbohydrates to starch. Based on the source of the enzymes, the food enzymes market is categorized into Plants, Animals, and microorganisms. Based on the application of food enzymes, the market is categorized into Beverage, Processed Food, Dairy, Bakery, and Confectionery. Bakery products hold the largest market in this category due to the application of food enzymes in bakery products, such as increasing the stability of dough and uniformity of brown bread. Food enzymes are further categorized into lyophilized powder and liquid forms based on their forms.

Geographically, Brazil and Mexico are playing a key role in the Latin American market and these countries are likely to account for the major share of the Latin American market over the forecast period.

KEY MARKET PLAYERS

Companies playing a major role in the Latin American 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.

MARKET SEGMENTATION

This research report on the Latin American food enzymes market is segmented and sub-segmented based on type, application, source, and country.

By Type

• Carbohydrase
• Protease
• Lipase

By Application

• Beverage
• Processed Food
• Dairy
• Bakery
• Confectionery

By Source

• Plant
• Microorganism
• Animal

By Form

• Lyophilized Powder
• Liquid

By Country

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America