Global Fruit And Vegetable Processing Enzymes Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2024 - 2033
The Fruit And Vegetable Processing Enzymes industry revenue is expected to be around $49.0 billion in 2024 and expected to showcase growth with 6.5% CAGR between 2024 and 2033. Enzymes used in the processing of fruits and vegetables play a role in improving the quality of products as well as their texture and longevity. The worldwide market for these enzymes was valued at $43.2 billion in 2023 and is predicted to grow to $67 billion, by the year 2030 and $92 billion by 2035 with a growth rate of about 6.5% CAGR.
These enzymes help in clarifying juice and maintaining the consistency of purees while also aiding in the processing of canned and frozen products. These benefits are cost effective and have led its increased usage in the beverage industry as well, as in food and nutraceutical sectors.
Market Key Insights
- The Fruit And Vegetable Processing Enzymes market is projected to grow from $43.2 billion in 2023 to $81.1 billion in 2033. This represents a CAGR of 6.5%, reflecting rising demand across Juices and Beverages, Canned Products and Frozen Fruits and Vegetables.
- Novozymes, DSM, DuPont are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Fruit And Vegetable Processing Enzymes market and are expected to observe the growth CAGR of 4.2% to 6.2% between 2023 and 2030.
- Emerging markets including Brazil, South Korea and Indonesia are expected to observe highest growth with CAGR ranging between 7.5% to 9.0%.
- Transition like Adoption of Green Technologies has greater influence in United States and Germany market's value chain; and is expected to add $3 billion of additional value to Fruit And Vegetable Processing Enzymes industry revenue by 2030.
- The Fruit And Vegetable Processing Enzymes market is set to add $37.9 billion between 2023 and 2033, with manufacturer targeting Amylase & Cellulase Type projected to gain a larger market share.
- With Enhanced product quality, and Eco-friendly processing, Fruit And Vegetable Processing Enzymes market to expand 88% between 2023 and 2033.