Market Size of North America Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Food Enzymes Market Analysis
The North America food enzymes market is forecasted to grow at a CAGR of 4.2% during the forecast period (2020 - 2025).
- The market is majorly driven by the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry. New food enzymes applications in markets such as protein fortification are expected to prompt growth for food enzymes market and create lucrative opportunities for industry participants.
- Furthermore, innovation in food technology in the region, extensive R&D investment and the growing awareness about better-quality products being manufactured by utilizing enzymes, are further driving the market. For instance, genetically modified organism strain is produced using food enzymes originating and sourced from micro-organisms with the help of technological upgradation. These strains that are obtained, are expected to function in adverse conditions and improve efficiency, thus augmenting the food enzyme market growth and yield opportunities for industry players.
North America Food Enzymes Industry Segmentation
The North America food enzymes market is segmented by type into carbohydrases, proteases, lipases, and other types; and by application into the bakery, confectionery, dairy & frozen desserts, meat poultry & seafood products, beverages, and other applications. Also, the study provides an analysis of the food enzymes market in the emerging and established markets across North America, including the United States, Canada, Mexico, and the Rest of North America.
| By Type | |
| Carbohydrases | |
| Proteases | |
| Lipases | |
| Other Types |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy & Frozen Desserts | |
| Meat Poultry and Seafood Products | |
| Beverages | |
| Other Applications |
| By Country | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Enzymes Market Size Summary
The North America food enzymes market is experiencing growth driven by the rising demand for processed foods and the diverse applications of enzymes within this sector. Innovations in food technology, coupled with significant investments in research and development, are enhancing the market's expansion. The introduction of new enzyme applications, such as protein fortification, is creating promising opportunities for industry participants. The use of genetically modified organism strains, developed with the help of enzymes sourced from microorganisms, is further propelling market growth by improving efficiency and functionality under adverse conditions. This technological advancement is contributing to the production of higher-quality products, thereby boosting the market's potential.
In the beverage industry, enzymes play a crucial role, particularly in the production of both alcoholic and non-alcoholic beverages. Key enzyme categories like carbohydrase and lipase are essential for processes such as fermentation, viscosity control, and chill-proofing in beer production. The United States leads the North American market in enzyme production and consumption, driven by consumer preference for premium quality and naturally sourced processed foods. The market is characterized by intense competition among numerous domestic and multinational companies, with strategic activities such as mergers, acquisitions, and partnerships being common. Prominent players in the region include Kerry Group PLC, DuPont de Nemours Inc., and Koninklijke DSM NV, among others, who are actively working to enhance their market presence through new product developments.
North America Food Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Carbohydrases
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2.1.2 Proteases
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2.1.3 Lipases
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Dairy & Frozen Desserts
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2.2.4 Meat Poultry and Seafood Products
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2.2.5 Beverages
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2.2.6 Other Applications
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2.3 By Country
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Food Enzymes Market Size FAQs
What is the current North America Food Enzymes Market size?
The North America Food Enzymes Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in North America Food Enzymes Market?
Kerry Group PLC, DuPont de Nemours Inc., Koninklijke DSM NV, AB Enzymes, Enmex, S.A. de C.V. and Amano Enzyme Inc. are the major companies operating in the North America Food Enzymes Market.
