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China Food Enzymes Market Size (2024 - 2029)

The market size of the Chinese food enzymes sector is projected to experience significant growth, driven by a shift towards healthier food products and increased productivity. Despite challenges posed by the COVID-19 pandemic, the market has continued to expand due to rising demand for baked and dairy products. Factors such as higher per capita income and increased product penetration are expected to further boost the demand for food enzymes. Additionally, new applications like protein fortification and technological advancements are anticipated to create lucrative opportunities, contributing to the overall expansion of the market.

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Market Size of China Food Enzymes Industry

china food enzymes market summary
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

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*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 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
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China Food Enzymes Market Size Summary

The Chinese food enzymes market is poised for significant growth, driven by a shift towards healthier food products and increased consumer demand for baked goods and dairy products. Despite challenges posed by the COVID-19 pandemic, which disrupted manufacturing and supply chains, the market has shown resilience and continued to expand. The rising per capita income and the trend towards product penetration are expected to further boost the demand for food enzymes. Innovations in enzyme applications, such as protein fortification, are creating new opportunities for market participants. Technological advancements and the focus on specialty ingredients that enhance the quality and shelf life of processed foods are also contributing to market growth. These ingredients, which include macro and micro-nutrients, are increasingly being marketed as "100% all-natural" to meet consumer demand for clean labels.

The baking enzymes segment, in particular, is experiencing growth due to the declining use of emulsifiers and the increasing demand for improved texture and freshness in baked goods. The market is characterized by a high level of fragmentation, with numerous players engaged in product development, expansions, and strategic partnerships to maintain competitive advantage. Key industry players such as Kerry Group, Novozymes, Koninklijke DSM NV, Chr. Hansen Holding A/S, and Amano Enzymes Inc. are actively involved in these activities. Recent collaborations and product launches, such as ADM's joint venture with Qingdao Vland Biotech Group and Chr. Hansen's introduction of the CHY-MAX Supreme enzyme, highlight the dynamic nature of the market and its responsiveness to evolving consumer needs and technological advancements.

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China Food Enzymes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Carbohydrases

      2. 2.1.2 Proteases

      3. 2.1.3 Lipases

      4. 2.1.4 Others

    2. 2.2 By Application

      1. 2.2.1 Bakery

      2. 2.2.2 Confectionery

      3. 2.2.3 Dairy and Frozen Desserts

      4. 2.2.4 Meat, Poultry and Seafood Products

      5. 2.2.5 Beverages

      6. 2.2.6 Others

China Food Enzymes Market Size FAQs

The China Food Enzymes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

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.

China Food Enzymes Market Report Snapshots

China Food Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)