Europe Food Enzymes Market to Reach US$ 1,150 Million by 2032, Stimulated by Increasing Demand for Natural and Clean Label Food Products

July 27, 2023 | Food & Beverages

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According to the latest report by IMARC Group, titled “Europe Food Enzymes Market Report by Type (Carbohydrase, Protease, Lipase, and Others), Source (Microorganisms, Bacteria, Fungi, Plants, Animals), Formulation (Powder, Liquid, and Others), Application (Beverages, Processed Foods, Dairy Products, Bakery Products, Confectionery Products, and Others), and Country 2024-2032,” the Europe food enzymes market size reached US$ 710 Million in 2023. Food enzymes are natural proteins that catalyze various biochemical reactions in food production and processing. These enzymes enhance food products' quality, flavor, texture, and nutritional value. They are derived from various sources, including plants, animals, and microorganisms. They find application in numerous sectors of the food industry. In baking, enzymes improve dough handling, texture, and shelf life. In dairy processing, enzymes aid in milk coagulation for cheese production. Enzymes also produce beverages, such as brewing and winemaking, contributing to flavor development and clarification. They play a role in meat tenderization, fruit juice clarification, starch hydrolysis, and many other food processes. The use of food enzymes offers several benefits, including increased process efficiency, improved product quality and consistency, reduced production time, and enhanced sensory characteristics. They allow for targeted enzymatic reactions, reducing the need for harsh chemical additives and processing techniques.

Europe Food Enzymes Market Trends:

Stringent regulations promoting the use of food enzymes in Europe are creating a positive outlook for the market. In line with this, considerable growth in the bakery and confectionery industry, where food enzymes are used for dough conditioning, texture improvement, and shelf life extension, is positively influencing the market. Furthermore, the escalating demand for enzyme-modified cheese and dairy products is offering numerous opportunities for the market. The expansion of the brewing and wine industry, where enzymes aid in fermentation, flavor development, and clarification processes, is bolstering the market. Apart from this, the advancements in enzyme production technologies are fostering the market. The growing popularity of convenience foods, where enzymes are used for flavor enhancement, preservation, and processing efficiency, is facilitating the market. Moreover, the rapid adoption of enzymes in the meat industry for tenderization is propelling the market. The expansion of the pet food industry, which utilizes enzymes for ingredient digestion and nutrient release, is strengthening the market. Besides, the rising awareness about the benefits of enzymes in food waste reduction and sustainability efforts is fueling the market growth. Additionally, the innovation in enzyme formulations, targeting specific functionalities and performance attributes in food applications, is favorably impacting the market. Technological advancements in enzyme immobilization, stabilization, and delivery systems are expected to provide a boost to the market. Looking forward, the market value is projected to reach US$ 1,150 Million by 2032, expanding at a CAGR of 5.4% during 2024-2032.

Market Summary:

Based on the type, the market has been segmented as carbohydrase (amylase, cellulase, lactase, pectinase, others), protease, lipase, and others.
On the basis of the source, the market has been segregated into microorganisms, bacteria, fungi, plants, and animals.
Based on the formulation, the market has been divided into powder, liquid, and others.
Based on the application, the market has been characterized into beverages, processed foods, dairy products, bakery products, confectionery products, and others.
Country-wise, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the market has also been examined, along with the profiles of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Source, Formulation, Application, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Food Enzymes Market to Reach US$ 1,150 Million by 2032, Stimulated by Increasing Demand for Natural and Clean Label Food Products

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