South America Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Food Enzymes Market Analysis
South America Food Enzymes Market is projected to grow at a CAGR of 7.2% during the forecast period 2020-2025.
- The growing demand for processed foods and increasing health consciousness in the people is driving the food & beverages industry which in turn is driving the food enzymes market. Food enzymes are a major food additives which convert complex molecules in to simpler ones in our diet.
- Furthermore, the rising disposable incomes, demand for convenience foods and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. High meat consumption in the South American countries requires increased market for digestive enzymes.
South America Food Enzymes Market Trends
This section covers the major market trends shaping the South America Food Enzymes Market according to our research experts:
Rising Consumption of Processed Food
A rapidly rising population and greater levels of urbanization have boosted demand for processed food products in the region, thus driving the demand for food enzymes in South America. Food ingredient manufacturers are looking at developing markets of the region as a new market space and introducing products the consumers are not aware of. Currently, basic infrastructure facilities, such as food processing infrastructure, transportation, cold chain, and unreliable power supplies are growing, which are boosting the food processing and enzymes market in the region.
Bakery holds a Prominent Share in the Market Studied
Bakery products consist of several products like bread, pastries, doughnuts, and rolls. Food enzymes act as a catalyst for biochemical reactions that offer quality improvements in bakery products. The bakery is the largest application market for food enzymes. Bakery products are prominent in South American countries. Columbia is the fastest-growing country for bakery foods, followed by Argentina and Chile. In Argentina, there is an increase in demand for Food enzymes in bakery applications due to restrictions in the use of chemical additives, especially in the manufacture of bread and other fermented products.
South America Food Enzymes Industry Overview
Some of the players who have been profiled in this South America Food Enzymes report include AB Enzymes, Novozymes, Cargill Inc, Kerry Group, Chr. Hansen among others. 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.
South America Food Enzymes Market Leaders
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Kerry Group
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DSM
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Chr. Hansen
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AB Enzymes
*Disclaimer: Major Players sorted in no particular order
South America 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 Type
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5.1.1 Carbohydrase
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5.1.2 Protease
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5.1.3 Lipase
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5.1.4 Others
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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 Sea Food Products
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5.2.5 Beverages
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5.2.6 Others
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Columbia
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5.3.3 Rest of South America
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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 Cargill Inc
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6.4.2 Kerry Group
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6.4.3 Danisco
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6.4.4 ADM
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6.4.5 Novozymes
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6.4.6 DSM
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6.4.7 Chr. Hansen
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6.4.8 AB Enzymes
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Food Enzymes Industry Segmentation
South America food enzymes market is segmented by type into carbohydrase, protease, lipase, and others. Based on the application, the market is divided into the bakery, confectionery, dairy, and frozen desserts, meat, poultry, and seafood products, beverages, and other industries. The study also covers the regional level analysis of the major countries, which includes Brazil, Columbia, and rest of South America.
| By Type | |
| Carbohydrase | |
| Protease | |
| Lipase | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat, Poultry and Sea Food Products | |
| Beverages | |
| Others |
| By Geography | |
| Brazil | |
| Columbia | |
| Rest of South America |
South America Food Enzymes Market Research FAQs
What is the current South America Food Enzymes Market size?
The South America Food Enzymes Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in South America Food Enzymes Market?
Kerry Group, DSM, Chr. Hansen and AB Enzymes are the major companies operating in the South America Food Enzymes Market.
What years does this South America Food Enzymes Market cover?
The report covers the South America Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Food Enzymes Industry Report
Statistics for the 2024 South America Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America 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.
