The global   parmesan cheese market   was valued at USD 12.54 billion in 2024 and is projected to rise from USD 13.18 billion in 2025 to USD 20.41 billion by 2032, reflecting a CAGR of 6.44% during the forecast period. Europe led the global market in 2024, accounting for 60.53% of the total share.

Parmesan cheese, also known as Parmigiano-Reggiano, is a renowned Italian hard, granular cheese recognized for its nutty, rich flavor. It is widely used in cooking and garnishing, with demand supported by the growing popularity of gourmet and specialty foods worldwide. Market growth is also being boosted by product innovations, strategic collaborations, and expansion of distribution channels by major companies.

Key players active in the market include The Kraft Heinz Company, Fonterra Co-operative Group Limited, Arla Foods amba, Saputo Inc., and others.

Information Source:   https://www.fortunebusinessinsights.com/parmesan-cheese-market-113455  

Market Trends

Strong Growth of Vegan Parmesan Cheese
Rising interest in plant-based diets, particularly across developed countries, is fueling demand for vegan parmesan alternatives. Consumers are increasingly adopting these products for both ethical and health-related reasons, with many willing to pay premium prices. This trend is especially prominent in Western markets such as North America and Europe, where Europe’s parmesan cheese sector grew from USD 7.33 billion in 2023 to USD 7.59 billion in 2024. Plant-based parmesan adoption is anticipated to expand globally, further accelerating market growth.

Segmentation Insights

• By Source: The market is divided into animal-based and plant-based parmesan cheese, with animal-based dominating due to traditional consumption patterns and broad availability.
• By Form: Grated parmesan holds the largest share, favored for its convenience and wide applications. Other forms include block, powdered, shredded, and more.
• By Distribution Channel: Supermarkets and hypermarkets lead the market, driven by promotions and discounts. Other channels include specialty shops, convenience stores, and online platforms.

Regional Outlook

The global market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe continues to dominate, backed by rich culinary traditions, strong consumer demand, and a preference for premium cheese varieties.

Competitive Landscape

Innovation and Product Expansion Shape Competition
The parmesan cheese market is characterized by strong competition among global and regional players. Companies are focusing on new product launches, innovation, and expanding distribution networks. For example, in January 2025, Fonterra Co-operative Group introduced Perfect Italiano Grated Parmesan Canisters in Australia, available in Traditional and Garlic Herb flavors.

Leading Companies in the Parmesan Cheese Market

• The Kraft Heinz Company (U.S.)
• Sargento Foods (U.S.)
• Zanetti S.p.A. (Italy)
• Bertinelli (Italy)
• Fonterra Co-operative Group Limited (New Zealand)
• Arla Foods amba (Germany)
• FrieslandCampina (Netherlands)
• Saputo Inc. (Canada)
• Organic Valley (U.S.)
• SAVENCIA SA (France)

Recent Developments

• January 2025: Schuman Cheese unveiled a new line of dips and spreads, including   Basil Pesto Parm   made with copper kettle parmesan,   Garlic Herb Asiago , and   Whipped Feta , broadening its innovative product portfolio.

Report Coverage

The report offers comprehensive insights into the parmesan cheese industry, including market size, growth forecasts, segment performance, and regional dynamics. It also examines global trends, competitive strategies such as partnerships and acquisitions, and provides detailed profiles of leading companies, highlighting their market share and strategic initiatives.

The global   smoked salmon market   was valued at USD 12.59 billion in 2024 and is expected to expand from USD 13.23 billion in 2025 to USD 17.28 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.48% during the forecast period. In 2024, Europe held the dominant position with 44.72% of the global market share.

Prominent players shaping the market include Mowi, Thai Union Group Public Limited Company, Austevoll Seafood ASA, and Ocean Beauty Seafoods.

Smoked salmon is prepared from fish fillets that are cured and then subjected to cold or hot smoking. This delicacy is well known for its high content of omega-3 fatty acids, proteins, copper, phosphorus, and vitamins B12 and B6, all of which contribute significantly to maintaining good health. Popular types available worldwide include wild sockeye salmon, Atlantic salmon, and smoked trout. Although smoking is one of the oldest preservation techniques, its demand has surged in recent years, particularly among health-focused consumers. Its benefits, such as promoting heart health and lowering the risk of chronic illnesses, along with the rising appetite for animal-based protein and increasing industry participation, continue to fuel market expansion.

Information Source:  https://www.fortunebusinessinsights.com/smoked-salmon-market-104378  

Market Trends

Growing Preference for Clean-Label and Sustainable Seafood
Consumers are shifting toward sustainable and transparent food options, which has bolstered demand for clean-label smoked salmon. Producers are introducing eco-friendly, certified product lines, and many buyers are willing to pay extra for responsibly sourced seafood. This shift is anticipated to remain a key growth driver over the coming years.

Segmentation Insights

• By Type: Cold-smoked salmon led the market in 2024 due to its superior nutritional value compared to hot-smoked salmon.
• By Application: The household segment captured the largest share, highlighting strong demand for at-home consumption.

Regional Outlook

The smoked salmon market spans North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe remained the largest market in 2024, supported by substantial imports and a strong preference for sustainably sourced Atlantic salmon. North America ranked third, with growth driven by increasing awareness of the health benefits of omega-3-rich diets.

Competitive Landscape

As of 2024, leading companies such as Mowi, Austevoll Seafood ASA, Thai Union Group, Labeyrie Fine Foods, and Ocean Beauty Seafoods collectively held nearly 40% of the global market share. These companies are actively expanding their global reach and broadening their product portfolios to strengthen their positions.

Report Highlights

This report delivers an in-depth analysis of the smoked salmon market, covering size, growth projections, key segments, regional performance, and competitive strategies, providing a holistic industry outlook.

Key Market Players

• Mowi (Norway)
• Labeyrie Fine Foods (France)
• Ocean Beauty Seafoods (U.S.)
• Austevoll Seafood ASA (Norway)
• Suempol (Poland)
• Milarex (Norway)
• SalMar ASA (Norway)
• Thai Union Group PCL (Thailand)
• ACME Smoked Fish (U.S.)
• Cooke, Inc. (Canada)

Recent Development

• March 2024: Mowi introduced its “7 Origins of Salmon” campaign at the Seafood Expo North America, showcasing a diverse lineup of smoked, frozen, and fresh salmon products designed for both retail and foodservice sectors.

The global   water-soluble fertilizer (WSF) market   was valued at USD 15.08 billion in 2019 and is projected to reach USD 36.26 billion by 2032, expanding at a CAGR of 7.12% during the forecast period. In the U.S., revenues are expected to approach USD 6.49 billion by 2032, supported by the growing demand for premium crop production and the rising use of specialty fertilizers. Europe dominated the global market in 2019, holding a share of 35.54%.

Water-soluble fertilizers are increasingly recognized as an effective solution for tackling nutrient deficiencies in crops. While their adoption was initially concentrated in developed economies, ongoing R&D efforts and initiatives by leading fertilizer manufacturers have expanded their reach into emerging markets.

The market is gaining traction due to the rising preference for fertilizers that promote improved nutrient absorption and controlled nutrient release. In addition, the adoption of advanced farming methods and the increasing consumption of fruits, vegetables, and other nutrient-dense, high-value crops are expected to drive significant revenue growth in the years ahead.

Information Source:  https://www.fortunebusinessinsights.com/water-soluble-fertilizers-wsf-market-102146

Impact of COVID-19

The outbreak of COVID-19 disrupted global supply chains and agricultural activities, temporarily slowing the WSF market. Lockdowns and trade restrictions forced companies to pause operations, while many farmers in developing economies scaled back spending on premium fertilizers due to reduced demand for high-value crops.

However, the long-term market outlook remains favorable. Growing concerns over food security and consumer preferences for healthier, immunity-boosting diets are expected to stimulate demand for nutrient-rich crops such as fruits, vegetables, and nuts. This trend is likely to create strong opportunities for specialty fertilizer providers.

Strategic Collaborations and Expansion

Strategic partnerships and collaborations are playing a pivotal role in shaping industry dynamics. Market leaders are expanding their geographic presence and strengthening their product portfolios. For example, in December 2019, Van Iperen entered the U.S. market through its subsidiary and broadened its specialty and water-soluble fertilizer offerings by partnering with Milliken. Such moves are helping companies enhance both regional and global footprints.

Regional Insights

The WSF market is divided into five key regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is forecasted to record the fastest CAGR, supported by challenges such as declining farmland, limited water availability, and the presence of local producers. Growing cross-border fertilizer trade also contributes to regional expansion. North America is set for steady growth, underpinned by significant R&D spending from major players. Meanwhile, Europe, valued at USD 5.36 billion in 2019, is expected to maintain stable growth throughout the forecast period.

Key Market Players

• SQM (Santiago, Chile)
• Nutrien Ltd. (Saskatoon, Canada)
• ICL (Tel Aviv, Israel)
• Yara International (Oslo, Norway)
• Haifa Chemicals Limited (Haifa, Israel)
• The Mosaic Company (Florida, United States)
• EuroChem (Zug, Switzerland)
• Coromandel International Limited (Secunderabad, India)
• Qatar Fertilizer Company (Qatar)
• COMPO EXPERT (Munster, Germany)

Industry Updates

• January 2020:   Gujarat Agro Industries Corporation (GAIC) announced its plan to import WSF products from China for distribution in Ahmedabad. These fertilizers will be marketed under its “AGRO” brand as part of its new-generation product line.

In 2018, the global   food colors market   was valued at USD 2.55 billion and is projected to reach USD 7.58 billion by 2032, registering a CAGR of 8.11% over the forecast period. North America led the industry in 2018 with a market share of 26.19%. Within this region, the U.S. market is expected to witness strong growth, potentially surpassing USD 1.54 billion by 2032. The rising demand for visually appealing food products, the growing use of plant-based coloring agents, and steady consumption of processed and packaged foods are key factors driving this expansion.

The increasing application of colorants in soft drink production, along with the rising popularity of these beverages, is further accelerating industry growth. Additionally, the global preference for packaged and processed foods, particularly carbonated beverages, continues to play a major role in boosting market demand.

Information Source:   https://www.fortunebusinessinsights.com/food-colors-market-102644  

Key Growth Drivers

One of the strongest drivers of the market is the shift toward clean-label and naturally sourced ingredients. Consumers are increasingly opting for pigments derived from plants, fruits, and vegetables over synthetic variants, reflecting heightened health awareness. This is especially evident in product categories such as packaged snacks, confectionery, and beverages, where natural colorants are widely used to enhance visual appeal.

Food manufacturers are prioritizing vibrant, health-oriented coloring solutions to align with evolving consumer expectations, while demand for artificial additives steadily declines. Furthermore, the expansion of the food and beverage industry in emerging economies is creating new opportunities for suppliers of both natural and synthetic colorants.

Competitive Landscape

Symrise AG, a leading company in the flavors and fragrances sector, expanded its presence in Asia-Pacific by launching a Flavor Innovation and Technology Center in Singapore. The €30 million investment aims to drive innovation in food and nutrition while boosting manufacturing capacity in the region.

According to CEO Dr. Heinz-Jürgen Bertram, Asia is becoming a hub for future food trends, and Singapore offers the right combination of technological know-how, business strength, and nutritional expertise. This new facility is expected to accelerate collaboration and product development within the food sector.

The increasing global preference for natural, clean-label, and visually attractive products will continue to shape market growth in the coming years.

Regional Insights

In 2018, the North American food color market stood at USD 667.77 million and is projected to expand steadily in the forecast period. The transition toward natural alternatives, stricter regulations on synthetic additives, and greater consumer awareness of health benefits are major growth drivers. The region’s strong food production base and high consumption of carbonated beverages, which use both natural and synthetic colorants, further strengthen the market outlook.

Asia-Pacific is expected to grow at a faster pace, fueled by rising disposable incomes, a growing workforce, and increasing demand for convenient, ready-to-eat products in markets such as China and India. These factors are creating lucrative opportunities for manufacturers of food colorants across the region.

Key Market Players

• Döhler Group
• Archer Daniels Midland Co.
• Symrise AG
• Ingredion Incorporated
• Sensient Technologies
• Kalsec, Inc.
• DDW, Inc.

Recent Developments

• July 2021: GNT Group introduced EXBERRY Coloring Foods derived from turmeric and spirulina, offering affordable and clean-label green coloring solutions.
• June 2021: Chr. Hansen Natural Colors, rebranded as Oterra, acquired Symrise AG’s natural food coloring division, strengthening its natural color portfolio.

The global   canned food market   was valued at USD 91.90 billion in 2019 and is projected to reach USD 111.13 billion by 2032, registering a CAGR of 1.57% over the forecast period. In the United States, the market is anticipated to expand notably, with an estimated value of USD 28.25 billion by 2032. This growth is being fueled by the rising preference for ready-to-eat, long-shelf-life products and the introduction of healthier, premium-quality canned options by leading manufacturers. In 2019, North America held the largest share of the market at 39.1%.

The demand for canned food is primarily driven by the rising consumption of packaged food and beverages, which offer convenience for busy lifestyles. These products are typically processed through methods such as chopping, peeling, or cooking before being sealed in airtight tin or aluminum containers. With the growing working population and a fast-paced way of life, the appeal of convenience food has surged, thereby accelerating market growth.

That said, the global outbreak of COVID-19 temporarily disrupted the market. Lockdowns across multiple economies reduced product availability, raised prices, and impacted consumer purchasing power. Government-imposed restrictions on essential purchases, combined with reduced manpower and temporary shutdowns of production facilities, also contributed to a dip in sales. Despite these setbacks, demand for canned food rebounded quickly as consumers increasingly turned to these products for their convenience, safety, and wide availability.

Information Source:   https://www.fortunebusinessinsights.com/canned-food-market-103258  

Market Drivers

Mergers and Acquisitions Strengthen Industry Outlook

Industry growth is also being supported by an increasing number of mergers, acquisitions, and collaborations among major players, aimed at enhancing market reach and operational efficiency. For instance, in February 2020, B&G Foods completed its acquisition of Farmwise LLC, a well-known canned vegetable producer. This move expanded B&G’s plant-based product line and broadened its international presence, positively influencing the overall market.

Market Segmentation

By Type

Canned seafood represents the leading segment due to its strong nutritional profile, rich in protein and essential nutrients. Products such as fish, clams, and crabs are widely used in restaurants and foodservice outlets to offer authentic dining experiences. Younger consumers, in particular, are gravitating toward innovative seafood dishes like sushi, seafood salads, and gourmet sandwiches, which often incorporate canned seafood. To meet this growing demand, manufacturers are ramping up production capacity.

Regional Insights

North America Retains Market Leadership

The market is studied across North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to maintain its dominant position, supported by consumer preference for convenient food options and the presence of robust retail networks. In 2019, the region generated USD 35.93 billion in revenue, with steady growth projected. Europe is forecasted to be the second-largest region, fueled by increasing adoption of canned food products among millennials across key countries.

Key Players

Prominent companies operating in the global canned food market include:

• The Kraft Heinz Company (U.S.)
• Bolton Group S.r.l. (Italy)
• Campbell Soup Company (U.S.)
• Conagra Brands, Inc. (U.S.)
• Nestlé (Switzerland)
• Danish Crown AmbA (Denmark)
• Del Monte Foods, Inc. (U.S.)
• JBS USA Holdings, Inc. (U.S.)
• Ayam Brand (Singapore)
• Holyland Marketing Private Limited (India)

Recent Developments

• April 2020:   Baxters Food Group Limited launched a vegan canned soup line featuring Jackfruit, Three Bean & Chipotle, Sri Lankan Sweet Potato, and Butternut Squash & Lentil Dhansak. This initiative was aimed at tapping into the growing plant-based food trend while diversifying the company’s portfolio.

The global   pest control market   was valued at USD 19.73 billion in 2019 and is projected to rise to USD 42.79 billion by 2032, expanding at a CAGR of 6.19% throughout the forecast period. In the United States, the industry is expected to witness robust growth, reaching an estimated USD 18.15 billion by 2032. This growth will largely be driven by the rising demand for eco-friendly and technologically advanced pest management solutions. North America accounted for the largest share in 2019, representing 48.61% of the global market.

One of the major factors propelling market expansion is the effect of changing climatic conditions, which has contributed to the rapid multiplication of pest populations worldwide. Along with this, the increase in pest-borne diseases that pose significant health threats is creating strong demand for pest management. Additionally, the growing adoption of integrated pest management (IPM) practices, the launch of innovative IPM programs, and greater government support for sustainable methods are further fueling industry growth.

The COVID-19 pandemic initially disrupted global trade and business activities due to lockdowns and restrictions. However, the effect on the pest control industry has remained relatively moderate. Rising awareness of hygiene and the heightened need for sanitization are expected to generate steady opportunities in the coming years. Many service providers introduced new solutions to meet customer needs during the crisis. For instance, in April 2020, Truly Nolen rolled out a disinfecting and sanitization service branded as “TRULY Sanitized.”

Information Source:   https://www.fortunebusinessinsights.com/pest-control-market-102854  

Drivers & Restraints

Adoption of Pest Control Software as a Growth Catalyst

Vector-borne diseases are a primary driver of the pest control industry. According to the World Health Organization (WHO), such diseases account for nearly 700,000 deaths each year, making up 17% of global infectious disease cases. This alarming statistic is boosting the demand for pest management solutions across biological, chemical, and mechanical categories. Rising urbanization, industrial projects, and stricter hygiene requirements are also fostering industry expansion.

On the other hand, stringent regulations imposed by authorities such as the U.S. Environmental Protection Agency (EPA) on the use of harmful pesticides and insecticides pose challenges to the market. These chemicals can negatively impact human health and the environment. Nonetheless, the increasing use of pest control software systems is opening up new avenues for growth.

Market Segmentation

Insects Segment Dominates

Based on pest type, the insect category held the highest share in 2019, representing 49.30% of the total market. The growth is attributed to the rising population of insects in both agricultural and urban settings, increasing the need for effective control solutions.

Regional Insights

North America Maintains Market Leadership

In 2019, North America generated USD 9.59 billion in revenue. The region’s dominance stems from growing awareness of pest-related health hazards, combined with continuous development of commercial and residential infrastructure. The presence of leading service providers also strengthens its market position.

Meanwhile, Asia Pacific is expected to register the fastest growth rate during the forecast period. Countries such as India, China, and Malaysia are experiencing rapid urbanization and higher consumer spending on pest management services. Additionally, rising awareness of pest-borne health issues is expected to significantly accelerate regional market expansion.

Competitive Landscape

Innovation and Strategic Acquisitions Drive Growth

With over 40,000 providers and product manufacturers operating worldwide, the pest control industry remains highly fragmented. Key players such as ServiceMaster, Rollins Inc., and Rentokil are focusing on acquisitions, partnerships, and product innovation to strengthen their global footprint.

Key Companies in the Market Include:

• ServiceMaster Global Holdings Inc. (U.S.)
• Bayer AG (Germany)
• Terminix International Company L.P. (U.S.)
• Anticimex (Sweden)
• Rentokil Initial Plc (U.K.)
• Ecolab Inc. (U.S.)
• Truly Nolen (U.S.)
• Rollins Inc. (U.S.)
• Massey Services Inc. (U.S.)
• Bell Laboratories (U.S.)
• Other notable vendors

Recent Developments:

• September 2019: ServiceMaster acquired Nomor Holding AB, the world’s fourth-largest pest control provider, to strengthen its presence in Europe.
• January 2019: Rentokil expanded its South American operations by acquiring Multicontrole Pest Control in Brazil.

The global   soup market   was valued at USD 16.12 billion in 2019 and is anticipated to reach USD 21.0 billion by 2027, expanding at a compound annual growth rate (CAGR) of 2.79% from 2020 to 2027. In the United States, the soup market is on a steady growth path and is expected to touch USD 5.89 million by 2032. This upward trend is being driven by consumers’ growing preference for convenient meal options and consistent product innovations introduced by leading brands. Europe led the global market in 2019, accounting for 37.66% of the total share.

Rising demand for processed food in both advanced and emerging economies remains a key growth catalyst. Factors such as a growing workforce, greater female participation in employment, rapid urbanization, Western lifestyle adoption, and higher disposable incomes are accelerating the popularity of ready-to-eat (RTE) and ready-to-drink (RTD) offerings.

Information Source:  https://www.fortunebusinessinsights.com/soup-market-102838  

Scope of the Report

This study provides a detailed evaluation of the major elements influencing the soup market during the forecast period. It examines the primary drivers, restraints, and opportunities, in addition to delivering regional insights and highlighting strategic initiatives by key players—including new product launches, partnerships, and mergers & acquisitions from 2019 through 2026.

Key Market Trends

Growing Popularity of Convenient Meal Solutions

Economic expansion combined with rising purchasing power is pushing demand for convenient food formats. With increasingly fast-paced lifestyles, consumers are turning toward instant meal solutions. This shift is also supported by higher female workforce participation and a strong inclination toward packaged food. For example, the Canada Agri-Food Report revealed that food sales in China totaled USD 272.74 billion in 2019, with an expected annual growth rate of 7%.

Segmentation Insights

Instant Soups at the Forefront

Instant soups dominated the market in 2019, representing 36.78% of the share, thanks to their strong appeal as quick, ready-to-consume options. Canned soups ranked next, particularly in developed regions like the U.S. and Germany, where they continue to perform better than chilled or dehydrated alternatives.

Regional Analysis

Europe Retains Market Leadership

Europe continued to lead the global soup industry in 2019, with the regional market valued at USD 6.07 billion. This dominance is supported by consumers’ preference for processed and packaged foods. North America is another significant market, where the growing demand for convenient meals remains a major driver.

Competitive Landscape

Innovative Strategies Fueling Growth

To adapt to evolving consumer habits during the COVID-19 pandemic, Washington, D.C.–based Chef Ris Lacoste of Ritzy West End launched a USD 15 takeaway meal package in May 2020. The offering included salads, bread, and pint-sized soups with complimentary home delivery. Such innovative approaches, alongside ongoing investments in new product development, collaborations, and acquisitions, are expected to sustain market growth through 2027.

Key Players in the Soup Market

• The Campbell Soup Company
• Nestlé S.A.
• Baxters Food Group Limited
• General Mills, Inc.
• Conagra Brands, Inc.
• Premier Foods Group Limited
• The Kraft Heinz Company
• Hindustan Unilever Limited
• Ottogi Co., Ltd
• Associated British Foods plc

Recent Developments

• January 2020:   Clarity Food Ventures LLC unveiled the “Soup Explorers” line of refrigerated soup kits featuring globally inspired flavors such as Moroccan Chilled Cucumber, American Chicken Noodle, and Vietnamese Vegetable Pho. These kits are designed for quick preparation and mark a strategic move to expand the company’s international footprint.

The global   food enzymes market   was valued at USD 1.69 billion in 2019 and is projected to reach approximately USD 3.24 billion by 2032, registering a CAGR of 5.34% over the forecast period. In the U.S., the market is forecasted to expand significantly, reaching nearly USD 839.88 million by 2032. This growth is largely fueled by the rising consumption of processed foods and the steady development of innovative enzyme-based solutions. North America led the market in 2019, capturing 36.6% of the total share.

The use of enzymes across the food and beverage industry is increasing rapidly due to their multifunctional role in enhancing product quality. Factors such as consumer preference for clean-label offerings, a shift toward natural ingredients, and advancements in biotechnology are key contributors to market expansion worldwide.

According to the International Monetary Fund (IMF), the global economy contracted by -3.0% in 2020, compared to 2.9% growth in 2019, primarily due to the COVID-19 pandemic. During this period, leading food corporations including Nestlé, Unilever, Olam, and PepsiCo worked alongside NGOs, farming communities, and research institutions to strengthen food system resilience. However, restrictive trade measures across Southeast Asia disrupted supply chains, leading to an estimated 8–10% impact on the food ingredients and additives industry. While short-term demand for food enzymes declined, the market is expected to recover steadily during the forecast horizon.

Information Source:   https://www.fortunebusinessinsights.com/food-enzymes-market-102835  

Market Insights

This report provides a comprehensive evaluation of the market, outlining the drivers, restraints, challenges, and opportunities shaping its trajectory. It further delivers regional analysis supported by both qualitative and quantitative insights across major countries. The competitive scenario is also detailed, with a focus on strategies such as acquisitions, mergers, alliances, and joint ventures adopted by top players.

Market Drivers and Restraints

Growing Preference for Clean-Label Products

The European Food Safety Authority (EFSA) highlights potential health risks associated with prolonged exposure to synthetic chemicals in food. Rising consumer awareness of these risks is accelerating demand for naturally processed, clean-label alternatives—creating significant opportunities for food enzymes. For instance, in October 2019, U.S.-based Tiny Organics launched organic, plant-based toddler meals featuring dishes like coconut curry, pumpkin spice oatmeal, and baby burrito bowls.

Regional Overview

North America: Market Leader Supported by High Processed Food Demand

North America is expected to retain its leading position in the market, supported by strong consumer appetite for natural ingredients and premium-quality processed foods. Increasing investments in advanced enzyme technologies by food manufacturers will further drive growth in this region. Meanwhile, Asia-Pacific is anticipated to see steady growth, particularly due to higher demand for bakery and dairy products.

Competitive Landscape

Partnerships Driving Market Growth

In November 2019, DSM and Cargill launched a joint venture—Avansya—investing around USD 50 million in a large-scale fermentation-based stevia sweetener facility in Nebraska. This partnership underlines the broader industry trend of collaboration, innovation, and product diversification to align with evolving consumer preferences.

Key Players in the Food Enzymes Market

• Novozymes (Denmark)
• DuPont (U.S.)
• Hoffmann-La Roche Ltd. (Switzerland)
• AB Enzymes (Germany)
• Koninklijke DSM N.V. (Netherlands)
• Chr. Hansen Holding A/S (Denmark)
• BASF SE (Germany)
• Nutritech Enzymes (Finland)
• Amano Enzymes, Inc. (China)
• Biocatalysts (UK)

Recent Developments

• March 2019:   AB Enzymes introduced ROHALASE, a new enzyme designed to minimize chemical dependency during oil extraction from seeds such as sunflower, soy, and canola, while simultaneously boosting efficiency and yield.