North America Food Enzymes Market

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

The North America Food Enzymes Market was worth $ 0.9 billion in 2022 and estimated to be growing at a CAGR of 6.7%, to reach $ 1.25 billion by 2028.

Market Overview:

Food Enzymes act as the catalyst for biochemical reactions to break down complex carbohydrates and fats into simple units or molecules. Food enzymes are generally derived from plant and animal tissues and microorganisms.

Packaged foods products contain compound molecules which cannot be digested naturally by human body. With increase in consumption of packaged foods across the world, use of food enzymes has become a necessity for manufacturers of food industry. The appearance of food products is improved using food enzymes and shelf life of products also increased. One of the major technological developments in this field is the production of enzymes from genetically engineered organisms.

Drivers and Restraints:

Increasing application of the use of food enzymes in food & beverage industry to improve quality of the products is driving the Food Enzymes Market. Increasing demand for novel food products with exotic flavors in developed countries and demand for processed foods is driving the growth rate of Food Enzymes Market. Growing awareness for healthy food products is also driving the market. Counterfeiting of food packaging and high expenditure for Research and development activities are major restraining factors of Food Enzymes Market.

North America 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 as it acts as a catalyst in the conversion of Carbohydrate to starch. 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 application of food enzymes in bakery products such as increasing stability of dough and uniformity of brown bread etc. Food enzymes are further segmented into Lyophilized powder and liquid forms based on their forms.

Region Analysis:

Geographically the North America Food Enzymes Market is segmented into US, Canada, Mexico and Rest of North America. USA has the largest market share in food enzymes market owing to the increased applications in brewing industry and also on bakery and dairy products. Increased demand for processed and packaged food is driving the market in USA.

Key Players in the Market:

Major Key Players in the North America Food Enzymes Market are

• 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
• Puratos Group NV