Food Enzyme Market in Canada Expected to Grow by USD 35.41 Million | Technavio

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Market scope

The report also covers the following areas:

Supplier Information

The food enzymes market in Canada is concentrated and vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Associated British Foods Plc
  • BASF SE
  • BRENNTAG SE
  • DuPont de Nemours Inc.
  • Jiagen Biotechnologies Inc.
  • Kerry Plc Group
  • Koninklijke DSM AG
  • Novo Holdings AS
  • Puratos NV/SA
  • Ultra Bio-Logics Inc.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a free sample report.

Analysis of key segments

By product, the carbohydrase segment will experience significant growth in its market share over the forecast period. The demand for carbohydrates is continuously increasing due to the increasing consumption of amylase, alpha-galactosidase, lactase and other enzymes in the brewing and dairy industries.

On request, the bakery department will experience significant growth in its market share over the forecast period. Food enzymes function as a catalyst for biological reactions in bread products, improving their quality.

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Key Market Drivers and Challenges:

One of the key drivers for the growth of the food enzymes market in Canada is the awareness of healthy and nutritious food. Processing and packaging can extend the shelf life of food products. Consequently, food manufacturers are replacing fresh agricultural products with processed foods. Consumption of high-fat, high-calorie foods that lack essential micronutrients impairs normal metabolism in humans. Processed food manufacturers are increasingly using food enzymes in their products because these enzymes break down complex carbohydrates and fats found in food and aid digestion and metabolism.

The growth of the food enzymes market in Canada is hampered by availability of substitutes. Emulsifiers have similar characteristics and uses to food enzymes. There is intense competition in the food and beverage industry in Canada concerning the use of emulsifiers and enzymes. Thus, vendors need to focus on innovation, improving customer value, and exploring lucrative market opportunities globally to sustain the market.

Download a free sample for highlights on the drivers and market challenges affecting the food enzymes market in Canada.

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Highlights

  • Market CAGR over the forecast period 2022-2026
  • Detailed information on the factors that will contribute to the growth of the food enzymes market in Canada over the next five years
  • Food Enzyme Market Size Estimation Canada and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the food enzymes market in Canada
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the Food Enzymes Market Vendors in Canada

Related reports:

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

Scope of the food enzymes market in Canada

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.47%

Market Growth 2022-2026

$35.41 million

Market structure

Concentrated

Annual growth (%)

4.02

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Carbohydrase – Market size and forecast 2021-2026
  • Protease – Market size and forecast 2021-2026
  • Lipase – Market size and forecast 2021-2026
  • Others – Market size and forecast 2021-2026
  • Market opportunity by product

Market segmentation by application

  • Market segments
  • Comparison by application
  • Bakery – Market size and forecast 2021-2026
  • Confectionery – Market size and forecast 2021-2026
  • Beverages – Market size and forecast 2021-2026
  • Dairy and frozen desserts – Market size and forecast 2021-2026
  • Meat products – Market size and forecast 2021-2026
  • Market Opportunity by Application

Customer landscape

  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Associated British Foods Plc
  • BASF SE
  • BRENNTAG SE
  • DuPont de Nemours Inc.
  • Jiagen Biotechnologies Inc.
  • Kerry Plc Group
  • Koninklijke DSM AG
  • Novo Holdings AS
  • Puratos NV/SA
  • Ultra Bio-Logics Inc.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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