China Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Food Enzymes Market Analysis
The Chinese food enzymes market is expected to register a CAGR of 5.6% during the forecast period (2022 - 2027).
COVID-19 has wreaked havoc on various industries, including the manufacturing and supply chain sector of the enzymes market. However, due to an increased demand for various products like baked food and dairy products, among others, the lockdown led the market to keep growing without any downfall. For Instance, the demand for rennet in China increased by 6.4% from 2019-2020.
The shift in the trend toward healthy food products, coupled with higher productivity, is expected to augment the growth of the food enzymes market in the country. The increasing per capita income, coupled with product penetration, is anticipated to positively impact food enzyme demand, thereby augmenting the market growth.
New food enzyme applications in the markets, such as protein fortification, are expected to prompt the growth of the food enzyme market and create lucrative opportunities for industry participants. Moreover, technological innovation and upgradation are expected to drive market growth over the forecast period.
China Food Enzymes Market Trends
This section covers the major market trends shaping the China Food Enzymes Market according to our research experts:
Growing Popularity of Specialty Ingredients
Specialty ingredients are the most important products which guarantee the shelf life of the vast range of processed foods. They range from a wide variety of macro ingredients, such as fibers, carbohydrates, fats, and specific proteins, to other micro-ingredients, including minerals, vitamins, and enzymes. They typically perform various functional activities to enhance the quality and taste of the products. The health-related, nutritional, and technological functions of these products make the diet pleasant for consumption, tasty, safe, healthy, and even affordable. Manufacturers are focusing on providing all-natural specialty ingredients that increase the shelf-life of the product and enable them to label their products as "100% all-natural", addressing consumer demand for "clean labels." Further, as a result of the increasing use of protease in sports nutrition and supplements, producers are offering a variety of protease-derived supplements. Following the demand for protease-derived goods, the National Health Commission of the People's Republic of China (NHC) approved ten new food additives in 2021, including three new enzymes (Protease Alpha-amylase and Lactase).
Rising Utilization in Baking Applications
The key drivers of growth of the baking enzymes market include the declining use of emulsifiers, uncovering health and nutritional value,s and high disposable income among consumers. Bakers are increasingly using enzymes to improve the softness, moistness, and shelf life of their products. The adoption of bakery enzymes for bread accounts for a relatively high revenue share. Moreover, their growing applications in cakes and pastries are opening a wide window of opportunities for market players. Nowadays, consumers increasingly embrace convenient foods, like bread. Thus, realizing the challenges in fulfilling all consumer needs, from improving texture to longer-lasting freshness, the market players are directing their investments toward product innovation.
China Food Enzymes Industry Overview
The Chinese food enzymes market is fragmented, with a large number of players involved in the market. The active companies are involved in new product developments, expansions, mergers and acquisitions, and partnerships, in order to sustain the market competition. The key players in the market are Kerry Group, Novozymes, Koninklijke DSM NV, Chr. Hansen Holding A/S, and Amano Enzymes Inc.
China Food Enzymes Market Leaders
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Kerry Group
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Novozymes
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Koninklijke DSM N.V.
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Amano Enzymes
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Chr. Hansen Holding A/S
*Disclaimer: Major Players sorted in no particular order
China Food Enzymes Market News
In October 2021, ADM, a global nutrition company, and Qingdao Vland Biotech Group, a producer of enzymes and probiotics, announced an agreement to form a joint venture to serve the growing Chinese demand for human probiotics.
In April 2019, Chr. Hansen AS launched the CHY-MAX Supreme, its latest enzyme, which enables cheesemakers to increase cheese yield by up to 1%. The enzyme is Chr. Hansen's third generation of CHY-MAX fermentation produced a chymosin (FPC) range of coagulants and has the ability to produce more cheese out of the same amount of milk without compromising on functionality.
In June 2017, Koninklijke DSM NV launched new enzyme solutions at IFT17 to improve the softness and moistness of gluten-free bread.
China Food Enzymes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Carbohydrases
5.1.2 Proteases
5.1.3 Lipases
5.1.4 Others
5.2 By Application
5.2.1 Bakery
5.2.2 Confectionery
5.2.3 Dairy and Frozen Desserts
5.2.4 Meat, Poultry and Seafood Products
5.2.5 Beverages
5.2.6 Others
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Novozymes
6.3.2 Chr. Hansen Holding A/S
6.3.3 Kerry Group
6.3.4 Jiangsu Boli Bioproducts Co. Ltd
6.3.5 Koninklijke DSM N.V.
6.3.6 Amano Enzymes
6.3.7 SinoBios
6.3.8 XIKE Enzymes
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
China Food Enzymes Industry Segmentation
Food enzymes are a type of enzyme that is safe for human consumption. The Chinese food enzymes market is segmented by type, which includes carbohydrates, proteases, lipases, and other types. Based on application, the market is segmented into bakery, confectionery, dairy, and frozen desserts, meat, poultry, and seafood products, beverages, and other applications. For each segment, the market sizing and forecast have been done based on value (in USD million).
| By Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry and Seafood Products | |
| Beverages | |
| Others |
China Food Enzymes Market Research FAQs
What is the current China Food Enzymes Market size?
The China Food Enzymes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in China Food Enzymes Market?
Kerry Group, Novozymes, Koninklijke DSM N.V., Amano Enzymes and Chr. Hansen Holding A/S are the major companies operating in the China Food Enzymes Market.
What years does this China Food Enzymes Market cover?
The report covers the China Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Food Enzymes Industry Report
Statistics for the 2024 China Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Food Enzymes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
