Italy Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.86 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Food Enzymes Market Analysis
Italy food enzymes market is projected to grow at a CAGR of 7.56% during the forecast period (2020-2025).
- Enzymes have become an important area of biotechnology; the use of enzymes has expanded rapidly into a variety of food applications owing to their effectiveness, accuracy, and possibility of replacing additives.
- Numerous public and private investments on research and developments of these enzymes have widely catered to the market studied. Although there are still enormous opportunities for development, especially in the bakery and beverage segment. Moreover, the rising consumer awareness towards natural enzymes paved a way for the market growth in the country.
- On the other hand, stringent government regulations restrict the market for regulation 1332/2008 on food enzymes introduced harmonized rules for their scientific evaluation and authorization in the EU. Articles 10-13 of Regulation 1332/2008 set out specific labeling requirements.
Italy Food Enzymes Market Trends
This section covers the major market trends shaping the Italy Food Enzymes Market according to our research experts:
Increasing Demand of Convenient and Packed Food is Likely to Fuel the Market Growth
The country's inclination towards convenient and packed food is drastically driving the market studied owing to its wide application in bakery, soups and other processed foods. In many instances, the use of enzymes has been proved to decrease the volumes and toxicity of byproducts and effluents. Therefore, the players are investing a huge amount on research and developments to introduce innovative enzymes in order to provide good-quality processed food to satiate the growing demand put up by Italian consumers. Pectinases are the most commonly used enzyme in the fruit juice industry of the country because they increase juice yields and accelerate juice clarification, thus, increasing its role in beverage industry applications.
Bakery Application Dominates the Overall Market
In Italy, the demand for bakery products is very high, especially for bread. In bread production, alpha-amylase used as an ingredient offers several benefits such as improved softness, longer shelf-life, and even reduced baking time, as in the case of pre-baked bread. Food enzymes inclusive of lipases, proteases, cellulases, amylases, and others are widely used in the other bakery products as it accelerates yeast fermentation and boost leavening for optimum dough expansion during proofing and baking and also to improve dough stability and shelf life of end products.
Italy Food Enzymes Industry Overview
The market studied is competitive owing to the presence of several global players trying hard to maintain their position in the Italian food enzymes market. The players are adopting strategies such as product innovation and mergers and acquisitions. The market sees growth opportunities in the country as food enzymes reduce water, energy and wastage costs and thus, aiding in the convenient processing of the food products.
Italy Food Enzymes Market Leaders
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Kerry Inc
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Novozymes Group
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DSM
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Chr. Hansen Holding GmbH
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Italy 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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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 Confectionery
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5.1.3 Dairy and Frozen Desserts
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5.1.4 Meat Poultry and Sea Food Products
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5.1.5 Beverages
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5.1.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Kerry Inc
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6.3.2 Novozymes Group
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6.3.3 Koninklijke DSM N.V.
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6.3.4 Chr. Hansen Holding GmbH
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6.3.5 BASF SE
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6.3.6 Biochem Srl
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy Food Enzymes Industry Segmentation
The Italy food enzymes market is available as amylases, carbohydrases, protease, lipase and others. By application, the market is segmented into bakery, confectionery, dairy and frozen desserts, meat poultry and seafood products, beverages and others.
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat Poultry and Sea Food Products | |
| Beverages | |
| Others |
Italy Food Enzymes Market Research FAQs
What is the current Italy Food Enzymes Market size?
The Italy Food Enzymes Market is projected to register a CAGR of 1.86% during the forecast period (2024-2029)
Who are the key players in Italy Food Enzymes Market?
Kerry Inc, Novozymes Group, DSM, Chr. Hansen Holding GmbH and BASF SE are the major companies operating in the Italy Food Enzymes Market.
What years does this Italy Food Enzymes Market cover?
The report covers the Italy Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Food Enzymes Industry Report
Statistics for the 2024 Italy Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy 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.
