Meticulous Research®, a leading global market research company, has published 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."

According to the report, the global food enzymes market is expected to reach $3.66 billion by 2030, growing at a CAGR of 7.3% from 2023 to 2030. The market’s growth is primarily driven by the rising demand for fermented food and beverage products, nutraceuticals, and fortified foods, alongside advancements in enzymatic food processing technology. However, growth may be hindered by stringent regulatory frameworks and the sensitivity of enzymes to specific temperature and pH levels.

Market Segmentation
The food enzymes market is segmented as follows:
• By Type: The market is categorized into carbohydrases (including amylases, cellulases, and other carbohydrases), proteases, lipases, and other food enzymes. The proteases segment is anticipated to experience the highest CAGR during the forecast period, due to their eco-friendly, non-toxic, and non-pathogenic properties, which support their expanding use in the food industry.

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• By Form: Enzymes are available in both solid and liquid forms. The solid form segment is expected to grow at a higher CAGR, attributed to benefits such as ease of handling, stability, convenient transportation and storage, and longer shelf life.

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

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

• By Geography: North America is projected to lead the global food enzymes market in 2023, supported by technological advancements, the increasing diversity of enzyme applications, the availability of novel products, rapid industrialization, rising demand for alcoholic beverages and processed foods, and growing awareness of green technologies.

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Key Market Players
The food enzymes market is moderately competitive, featuring a mix of large and small-sized global, regional, and local players. Key players 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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