Europe Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Enzymes Market Analysis
Europe Food Enzymes Market is forecasted to grow at a CAGR of 8.1% during the forecast period.
- The genetically modified enzymes are usually associated with health effects; in the long-term, this has resulted in a setback for the growth of the industry. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products treated with GM enzymes.
- The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Food enzymes are major food additives that convert complex molecules into simpler ones in our diet.
Europe Food Enzymes Market Trends
This section covers the major market trends shaping the Europe Food Enzymes Market according to our research experts:
Germany has the Largest Market Share
The German national diet is very diverse and is one of Europe’s largest food and beverage markets. Increasing health awareness, an aging population, and the resulting demand for health and wellness products are driving the market for food enzymes in Germany. The German food enzyme market s expected to grow to USD 136.6 million by 2020.
Bakery has the Highest Usage of Enzymes among all the Applications
Europe's enzymes market value is increasing rapidly because of the increasing population and the consequent increasing consumption of processed foods. Enzymes are an important ingredient used in most bakery products. Recently enzymes have assumed an even greater role in baking, due to the restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. The application of enzymes in dairy technology is well established. Rennets are used for proteases of various kinds, for acceleration of cheese ripening and for modification of functional properties.
Europe Food Enzymes Industry Overview
Some of the major players in the market are DuPont, Kerry Inc. MetGen, AST Enzymes and AB Enzymes. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.
Europe Food Enzymes Market Leaders
DuPont
Kerry Inc.
MetGen
AST Enzymes
AB Enzymes
*Disclaimer: Major Players sorted in no particular order
Europe Food Enzymes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Bakery
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5.1.2 Dairy and Frozen Products
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5.1.3 Oils and Fats
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5.1.4 Confectionery
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5.1.5 Beverages
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5.1.6 Meat Poultry and Seafood Products
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5.1.7 Others
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5.2 Geography
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5.2.1 Europe
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5.2.1.1 Germany
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5.2.1.2 United Kingdom
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5.2.1.3 Italy
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5.2.1.4 Spain
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5.2.1.5 France
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5.2.1.6 Russia
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5.2.1.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 DuPont
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6.4.2 Kerry Inc.
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6.4.3 MetGen
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6.4.4 AST Enzymes
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6.4.5 AB Enzymes
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6.4.6 Cargill Inc.
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6.4.7 Chr. Hansen Holding A/S
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6.4.8 Novozymes
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Food Enzymes Industry Segmentation
Europe Food Enzymes Market is segmented by Application into bakery, dairy and frozen products, oils and fats, confectionery, meat poultry and seafood, beverages, and others. The market is also segmented by Geography.
| By Application | |
| Bakery | |
| Dairy and Frozen Products | |
| Oils and Fats | |
| Confectionery | |
| Beverages | |
| Meat Poultry and Seafood Products | |
| Others |
| Geography | |||||||||
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Europe Food Enzymes Market Research FAQs
What is the current Europe Food Enzymes Market size?
The Europe Food Enzymes Market is projected to register a CAGR of 8.10% during the forecast period (2024-2029)
Who are the key players in Europe Food Enzymes Market?
DuPont, Kerry Inc., MetGen, AST Enzymes and AB Enzymes are the major companies operating in the Europe Food Enzymes Market.
What years does this Europe Food Enzymes Market cover?
The report covers the Europe Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Food Enzymes Industry Report
Statistics for the 2024 Europe Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Food Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
