Market Scope
The report also covers the following areas:
Vendor Insights
The food 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 Plc
- BASF SE
- BRENNTAG SE
- DuPont de Nemours Inc.
- Jiagen Biotechnologies Inc.
- Kerry Group Plc
- Koninklijke DSM NV
- 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 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.
View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.
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 food 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.
Download free sample for highlights on market Drivers & Challenges affecting the food enzymes market in Canada.
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Key Highlights
- CAGR of the market during the forecast period 2023-2026
- Detailed information on factors that will assist food enzymes market growth in Canada during the next five years
- Estimation of the food enzymes market size in 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
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of food enzymes market vendors in Canada
Related Reports:
Probiotic Ingredients Market by Application and Geography – Forecast and Analysis 2023-2026
Food Enzymes Market by Product, Application, and Geography – Forecast and Analysis 2023-2025
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Food Enzymes Market Scope in Canada |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.47% |
|
Market growth 2023-2026 |
USD 35.41 million |
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Market structure |
Concentrated |
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YoY growth (%) |
4.02 |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2023
- Market outlook: Forecast for 2023 – 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Carbohydrase – Market size and forecast 2023-2026
- Protease – Market size and forecast 2023-2026
- Lipase – Market size and forecast 2023-2026
- Others – Market size and forecast 2023-2026
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Bakery – Market size and forecast 2023-2026
- Confectionery – Market size and forecast 2023-2026
- Beverages – Market size and forecast 2023-2026
- Dairy and frozen desserts – Market size and forecast 2023-2026
- Meat products – Market size and forecast 2023-2026
- Market opportunity by Application
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor Landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
- Ultra Bio-Logics Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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