Food Enzymes Market Size Analysis and Top Companies
The global food enzymes market size is estimated at to hit around USD 4.19 billion by 2033 from USD 2.34 billion in 2024 with a CAGR of 6.70% from 2024 tpo 2033. The top companies operating in the food enzymes market are Associated British Foods Plc., Advanced Enzyme Technologies, Amano Enzyme Co., Ltd, BASF, Chr. Hansen Holding A/S, DuPont, Kerry Group PLC, Novozymes, Royal DSM N.V, Aum Enzymes, Biocatalyts, Nutritech Enzymes and Others.
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 2.34 Billion |
| Market Size by 2034 |
USD 4.47 Billion |
| Growth Rate from 2023 to 2032 |
CAGR of 6.7% |
| Largest Market |
North America |
| Fastest Growing Market |
Asia Pacific |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Source, By Type and By Application |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Food Enzymes Market Companies
Recent Developments
- Nurica, a dairy enzyme that organically harnesses the lactose inherent in milk in the U.S., was released in June 2021 by International Flavors & Fragrances, Inc. The enzyme aids in the natural production of a larger yield of prebiotic galacto-oligosaccharides (GOS) fibers, which aid in the management of lactose intolerance and the optimization of fiber intake.
- Biocatalysts Ltd. announced the launch of a new dairy enzyme, PromodTM 517MDP (P517MDP), in April 2021, to broaden its Kosher and Halal-certified dairy protein enzymes.
- International Flavors & Fragrances, Inc. announced the launch of Enovera 3001 enzyme as the newest addition to their bread sector ingredients line in March 2021. The novel enzyme provides a label-friendly formulation for reinforcing baking dough without sacrificing texture or flavor.
- Amano Enzyme Inc. announced Umamizyme Pulse, a non-GMO enzyme developed for use in diverse plant protein products, in March 2021. The enzyme contributes to the umami taste of plant-based proteins.
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