Asia-Pacific Food Enzymes Market-Growth, Trends and Forecast (2018 - 2023)

Market Segmentation

The growing demand for processed foods and increasing health consciousness in the people is driving the food & beverages industry which in turn is driving the food enzymes market. Food enzymes are a major food additives which convert complex molecules in to simpler ones in our diet. The food enzymes market was valued is expected to reach USD 2.8 billion by 2023, with a CAGR of 8.3% for the forecast period of 2018-2023. Food enzymes are sourced from micro-organisms and new technologies are emerging to produce genetically modified organisms strains. The enzymes thus produced are anticipated to perform in adverse operational conditions, thus improving process efficiency.

Market Dynamics

The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Apart from these reasons, the increasing penetration of organized retail in urban and rural centers globally seem to drive the need for food enzymes. The key restraint the market faces is in terms of unclear regulatory process and high Research and development costs.

Market Segmentation

The report is segmented based on enzymes types which include Carbohydrases, proteases and Lipases. , carbohydrases dominate the market followed by proteases and lipases. Food enzymes find major application in Bakery, Dairy & Frozen products, Enzymes, Meat products, Oils and Fats among others. Bakery is the largest application market, as food enzyme are used to improve dough stability and shelf life of end products. Increased use of enzymes in cheese processing is driving the use of enzymes in dairy industry, which is the second largest application market followed by the beverages industry.

Regional Analysis

Asia- Pacific constitutes 25% of the global share. Asia-Pacificis expected to be the fastest growing regions for enzymes with India and Chinaleadingthe demand. The rising disposable incomes, demand for convenience foods and increasing awareness of nutrition enabled products is expected to drive the market for food enzymes in these countries. 

Competitive Environment

Some of the players who have been profiled in the Asia-Pacific Food Enzymes report include AB Enzymes, Novozymes, Sunson Industry group, Cargill, Tate & Lyle among others. The market sees opportunities for growth in emerging and developed nations as food enzymes reduce water, energy and wastage costs. The market needs amendments to develop a set of guidelines to regulate the market.

In this report we offer, 

1 Market Definition for the specified topicalong with,identification of key drivers and restraints for the market.
2 Market analysis for the Asia-pacific Food Enzymes Market, with region specific assessments and competition analysis on a global and regional  scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional  scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets. 
5 Identification and analysis of the Macro and Micro factors that affect the Asia-Pacific Food Enzymes Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. 

Why should you buy this report?

1 For getting a comprehensive overview of the Asia - pacific Food Enzymes  Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them. 
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.