Meticulous Research®, a leading global market research firm, has released a new report titled, "Food Enzymes Market by Type (Carbohydrases [Amylases, Cellulases], Proteases, Lipases), Form (Solid, Liquid), Source (Microorganisms, Plants, Animals), Application (Bakery, Dairy, Beverages, Grain & Oilseed Processing) - Global Forecast to 2030."

The report predicts that the global food enzymes market will grow to $3.66 billion by 2030, with a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. This growth is primarily driven by increasing demand for fermented food and beverage products, nutraceuticals, and fortified foods, coupled with technological innovations in the enzymatic food processing industry. However, the market faces challenges from stringent regulations and the specific temperature and pH requirements for enzyme activity.
Market Segmentation

The food enzymes market is segmented as follows:
• By Type: The market includes carbohydrases (such as amylases, cellulases, and other carbohydrases), proteases, lipases, and other food enzymes. The proteases segment is expected to experience the highest CAGR during the forecast period, due to their eco-friendly, non-toxic, and non-pathogenic properties, which make them increasingly useful in the food industry.

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• By Form: Enzymes are available in both liquid and solid forms. The solid form segment is anticipated to grow at a higher CAGR, thanks to advantages like ease of handling, stability, convenient transportation and storage, and longer shelf life.

• By Source: Enzymes can be derived from microorganisms (fungi, bacteria, and yeast), animals, and plants. The microorganisms segment is expected to hold the largest market share in 2023, driven by the high stability, cost-effectiveness, and widespread use of microorganism-derived enzymes in various industries, including food & beverage, pharmaceuticals, and animal feed.

• By Application: Food enzymes are used in various applications, including bakery, dairy, beverages (non-alcoholic beverages, brewing, and alcohol production), fruit and vegetable processing, starch processing, meat, fish, and egg processing, and grain & oilseed processing. The bakery segment is projected to lead the market in 2023, driven by increased consumption of bakery products, urbanization, and industry innovations.

• By Geography: North America is expected to dominate the global food enzymes market in 2023, thanks to technological advancements, diverse enzyme applications, the availability of novel products, rapid industrialization, increasing demand for alcoholic beverages and processed foods, and growing awareness of green technologies.

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Key Market Players
The food enzymes market features moderate competition, with numerous global, regional, and local players. Leading companies in the market include Novozymes A/S (Denmark), International Flavors & Fragrances Inc. (IFF) (U.S.), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), AB Enzymes GmbH (Germany), Amano Enzyme Inc. (Japan), Chr. Hansen Holding A/S (Denmark), Kemin Industries, Inc. (U.S.), Advanced Enzyme Technologies Limited (India), AEB Africa (Pty) Ltd (South Africa), Biocatalysts Limited (U.K.), Enzyme Development Corporation (U.S.), Qingdao Vland Biotech INC. (China), Aum Enzymes (India), and Nature BioScience Pvt. Ltd. (India).

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