Mexico Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Food Enzymes Market Analysis
The Mexican food enzymes market is expected to register a CAGR of 6.8% during the forecast period (2020 - 2025).
The market is witnessing a rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry, which are driving the market. Furthermore, innovation in food technology in the country and the growing awareness about better-quality products being manufactured by utilizing enzymes are further driving the market.
The natural enzymes have the largest share, whereas the genetically modified enzymes are usually associated with health effects. Hence, these factors that are likely to be responsible for restraining the market in a long-term. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products that are treated with genetically modified enzymes.
Mexico Food Enzymes Market Trends
This section covers the major market trends shaping the Mexico Food Enzymes Market according to our research experts:
Increasing Enzyme Usages in Bakery Industries
- The enzyme is one of the vital ingredients required for the production of food products, especially baked goods. These food enzymes act as a catalyst for biochemical reactions that offer enhanced quality of the baked goods.
- Additionally, it is also used as a dough improver, as it is responsible for the break down of some components in the dough, such as starch, fiber, protein, or lipids, along with managing water movement during bread dough processing, and provide crumb softness throughout the shelf life. For example, enzymes, such as asparaginase, help in reducing toxic acrylamide content in bakery products, and some enzymes act as anti-staling agents in bread and cakes and increase the shelf life of the product.
- Thus, enzymes are considered as vital processing aids. Natural enzymes have been utilized in the past for the manufacturing of traditional bread with extended fermentation times. Therefore, the rising demand for bakery products has boosted the growth of the enzyme market.
Rising Demand for Clean Label Enzymes
- Clean label enzymes have experienced a rapid development, in terms of demand and usage in food industries within a limited period. These are the natural protein derived from different natural sources, such as plants, fungi, bacteria, and other sources (like lipase and amylase), which generally act as a catalyst to speed up and improve the chemical reactions required in a process.
- Moreover, its properties also make them a suitable alternative for emulsifiers used in different food industries, such as bakery, confectionery, dairy, processed foods, and other industries. Thus, enzymes can be used for a variety of food applications and offer different health and nutritional benefits, and are generally preferred by the health-conscious consumer community.
Mexico Food Enzymes Industry Overview
The Mexican food enzymes market is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development as strategic approaches adopted by the leading companies, to boost their brand presence among consumers. Key players dominating the market include Kerry Group PLC, DuPont de Nemours Inc., Koninklijke DSM NV, and Chr. Hansen Holding AS, among others.
Mexico Food Enzymes Market Leaders
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Kerry Group PLC
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DuPont de Nemours Inc.
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Koninklijke DSM NV
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Chr. Hansen Holding AS
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ENMEX
*Disclaimer: Major Players sorted in no particular order
Mexico Food Enzymes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 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 Type
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5.1.1 Carbohydrases
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5.1.2 Proteases
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5.1.3 Lipases
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5.1.4 Other Types
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy and Frozen Desserts
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5.2.4 Meat Poultry and Seafood Products
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5.2.5 Beverages
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Kerry Group PLC
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6.3.2 DuPont de Nemours Inc.
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6.3.3 Koninklijke DSM NV
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6.3.4 Chr. Hansen Holding AS
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6.3.5 ENMEX
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6.3.6 Amano Enzyme Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Food Enzymes Industry Segmentation
The Mexican food enzymes market is segmented by type (carbohydrases, proteases, lipases, and other types) and application (bakery, confectionery, dairy and frozen desserts, meat poultry and seafood products, beverages, and other applications.
| By Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat Poultry and Seafood Products | |
| Beverages | |
| Other Applications |
Mexico Food Enzymes Market Research FAQs
What is the current Mexico Food Enzymes Market size?
The Mexico Food Enzymes Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Mexico Food Enzymes Market?
Kerry Group PLC, DuPont de Nemours Inc. , Koninklijke DSM NV, Chr. Hansen Holding AS and ENMEX are the major companies operating in the Mexico Food Enzymes Market.
What years does this Mexico Food Enzymes Market cover?
The report covers the Mexico Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Food Enzymes Industry Report
Statistics for the 2024 Mexico Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico 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.
