NEW YORK, According to the report “Food Enzymes Market in Canada by Product and Application – Forecast and Analysis 2022-2026”, the market will witness a YOY growth of 4.02% in 2022 and a CAGR of 4.47% during the forecast period.
The report is segmented by product (carbohydrase, protease, lipase, and others) and application (bakery, confectionery, beverages, dairy and frozen desserts, and meat products).
Market Scope
The report also covers the following areas:
Enzymes Market in Canada sizeFood Enzymes Market in Canada trendsFood Enzymes Market in Canada industry analysis
Vendor Insights
The enzymes market in Canada is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Associated British Foods PlcBASF SEBRENNTAG SEDuPont de Nemours Inc.Jiagen Biotechnologies Inc.Kerry Group PlcKoninklijke DSM NVNovo Holdings ASPuratos NV/SAUltra Bio-Logics Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.
Key Segment Analysis
By product, the carbohydrase segment will have significant market share growth during the forecast period. The demand for carbohydrates is increasing continuously due to the rising consumption of amylase, alpha-galactosidase, lactase, and other enzymes in the brewery and dairy industries.
By application, the bakery segment will have significant market share growth during the forecast period. Food enzymes operate as a catalyst for biological reactions in bread products, improving their quality.
Key Market Drivers & Challenges:
One of the key drivers supporting the food enzymes market growth in Canada is the rise in awareness about healthy and nutritional food. Processing and packaging can extend the shelf life of food products. Therefore, food manufacturers are replacing fresh farm produce with processed foods. Consumption of fat-rich and calorie-laden foods that lack essential micronutrients impedes the normal metabolism in humans. Processed food manufacturers are increasing the use of food enzymes in their products, as these enzymes break down the complex carbohydrates and fats present in foods and support digestion and metabolism.
The enzymes market growth in Canada is hindered by the availability of substitutes. Emulsifiers have similar characteristics and uses as food enzymes. There is intense competition in the food and beverage industry in Canada regarding the use of emulsifiers and enzymes. Thus, vendors need a keen focus on innovation, customer value enhancement, and exploration of lucrative market opportunities globally to sustain the market.
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Key Highlights
CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist food enzymes market growth in Canada during the next five yearsEstimation of the food enzymes market size in Canada and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the food enzymes market in CanadaAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of food enzymes market vendors in Canada
Probiotic Ingredients Market by Application and Geography – Forecast and Analysis 2022-2026
Food Enzymes Market by Product, Application, and Geography – Forecast and Analysis 2021-2025
Food Enzymes Market Scope in Canada
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 4.47%
Market growth 2022-2026
USD 35.41 million
Market structure
Concentrated
YoY growth (%)
4.02
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Associated British Foods Plc, BASF SE, BRENNTAG SE, DuPont de Nemours Inc., Jiagen Biotechnologies Inc., Kerry Group Plc, Koninklijke DSM NV, Novo Holdings AS, Puratos NV/SA, and Ultra Bio-Logics Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
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Table of Contents
Executive Summary
Market Landscape
Market ecosystemValue chain analysis
Market Sizing
Market definitionMarket segment analysisMarket size 2021Market outlook: Forecast for 2021 – 2026
Five Forces Analysis
Bargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket condition
Market Segmentation by Product
Market segmentsComparison by ProductCarbohydrase – Market size and forecast 2021-2026Protease – Market size and forecast 2021-2026Lipase – Market size and forecast 2021-2026Others – Market size and forecast 2021-2026Market opportunity by Product
Market Segmentation by Application
Market segmentsComparison by ApplicationBakery – Market size and forecast 2021-2026Confectionery – Market size and forecast 2021-2026Beverages – Market size and forecast 2021-2026Dairy and frozen desserts – Market size and forecast 2021-2026Meat products – Market size and forecast 2021-2026Market opportunity by Application
Customer landscape
Market driversMarket challengesMarket trends
Vendor Landscape
Vendor LandscapeLandscape disruption
Vendor Analysis
Vendors coveredMarket positioning of vendorsAssociated British Foods PlcBASF SEBRENNTAG SEDuPont de Nemours Inc.Jiagen Biotechnologies Inc.Kerry Group PlcKoninklijke DSM NVNovo Holdings ASPuratos NV/SAUltra Bio-Logics Inc.
Appendix
Scope of the reportCurrency conversion rates for US$Research methodologyList of abbreviations
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