Canada Food Enzymes Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 4.55% from 2023 to 2033
• The Canada Food Enzymes Market Size is Expected to hold a significant share by 2033

The Canada Food Enzymes Market Size is anticipated to hold a significant share by 2033, Growing at a CAGR of 4.55% from 2023 to 2033. The increasing health awareness of fermented products and the usage of enzymes in the food & beverages industry are driving the Growth of the food enzymes market in the Canada.     

Market Overview

Food enzymes are safe to consume enzymes used in the food industry during food production, mainly in the baking industry, manufacturing of fruit juices, wine making and brewing as well as in cheese manufacturing. The use of food enzymes aids in improving the environmental performance of production processes, through lower energy consumption and biodegradability. The necessity to ensure food security and safety is driving up demand for packaged and processed goods. However, food additives must be added to preserve the nutritional value and shelf life due to the complexity of the food supply chain. Food enzymes in bakery products are highly desired to include in the formulation since they provide food processors with a number of advantages during the production process, including quality, yield, and time. The increasing emphasis on naturally processed foods owing to awareness about the negative health effects of consuming chemical additive foods leads to the use of natural ingredients and additives. Food enzymes complemented this trend with decreased processing costs which is ultimately driving the market growth for food enzymes.

Report Coverage

This research report categorizes the market for the Canada food enzymes market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada food enzymes market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada food enzymes market.

Driving Factors

The increasing awareness about the health benefits of enzymes like increasing antibodies and strengthening of immune systems are driving the market demand for food enzymes. Food enzymes are used in food fermentation. The usage of food enzymes in food industries including dairy, baking, juice, brewing, meat, beverages, dietary supplements, oils, and other food industries are driving the food enzymes market.

Restraining Factors

The uncertainty in regulatory processes and high R&D costs of food enzymes are challenging the market. Further, the availability of substitutes such as emulsifiers over food enzymes is anticipated to hinder the market demand.

Market Segmentation

The Canada Food Enzymes Market share is classified into type and application.

• The carbohydrase segment dominated the market with the largest market share during the forecast period.

The Canada food enzymes market is segmented by type into carbohydrase, protease, lipase, and others. Among these, the carbohydrase segment dominated the market with the largest market share during the forecast period. Carbohydrase enzymes are the most frequently used group of enzymes in the food industry, encompassing diverse enzymes involved in the hydrolysis and synthesis of carbohydrates. Maltase, amylases, xylanases, and glucanases are some of the enzymes profoundly used in industries. The expanding food and beverage industry and technological advancements in enzyme engineering are driving the market.

• The bakery segment dominated the Canada food enzymes market during the forecast period.       

Based on the application, the Canada food enzymes market is divided into bakery, confectionery, dairy & frozen desserts, meat poultry & sea food products, beverages, and others. Among these, the bakery segment dominated the Canada food enzymes market during the forecast period. Bread-making enzymes such as xylanases, lipases, oxidases, proteases, and asparaginases are used to keep bread fresh for a longer time, in addition to improving flour quality. The rising application of food enzymes in cakes and pastries and demand for clean-label bakery products are driving the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada food enzymes market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kerry Group plc 
• DuPont de Nemours, Inc
• Novozymes A/S
• Koninklijke DSM N.V
• Chr. Hansen Holding A/S
• ABF Ingredients
• Codexis, Inc
• Puratos Canada
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2024, Lallemand Inc. completed an equity investment in Livzym Biotechnologies (“Livzym”) as part of a strategic collaboration within industrial enzymes.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Food Enzymes Market based on the below-mentioned segments:

Canada Food Enzymes Market, By Type

• Carbohydrase
• Protease
• Lipase
• Others

Canada Food Enzymes Market, By Application

• Bakery
• Confectionery
• Dairy & Frozen Desserts
• Meat Poultry & Sea Food Products
• Beverages
• Others