Market Size of Asia-Pacific Brewing Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Brewing Enzymes Market Analysis
The Asia Pacific brewing enzymes market is forecasted to grow at a CAGR of 4.2% during the forecast period (2020-2025).
- The market is driven by its high demand in the beer and industrial enzyme market. Also, rising demand production and consumption of beer, along with a rising number of breweries in recent years across the region are fueling the growth of the market.
- Furthermore, in the segmentation font by source, the microbial source is recorded to have a major share owing to the benefit it provides such as easy production and handling. These can be grown easily to produce a significant amount of the desired enzyme at mild temperatures while consuming inexpensive nutrients. Also, microbial sources are more cost-effective sources than plant sources, which has further fueled the growth of this segment. By type, the amylase segment is projected to dominate the brewing enzymes, owing to its functional properties along with being a cost-effective solution.
- However, the regulations imposed by regulatory bodies such as FDA, USDA, and EU for the ingredients used in the brewing industry across the region are expected to curb the market growth of brewing enzymes.
