APAC Food Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.35 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Food Enzymes Market Analysis
Asia-Pacific food enzymes market is projected to grow at a CAGR of 8.35% during the forecast period.
- Increased demand for enzymes with rise in consumption of beverages primarily of alcoholic drinks in the region, remains a major factor driving Asia-Pacific food enzymes market. China, Japan, and India being the major alcohol consuming countries in the region, hold a prominent share in the market studied.
- Technological innovations related to enzymes-based food processing is anticipated to propel the growth of regional food enzymes market, as it will make processes cost effective and reduce the duration of the process.
APAC Food Enzymes Market Trends
This section covers the major market trends shaping the APAC Food Enzymes Market according to our research experts:
Bakery Enzymes Drive the Market
Most to all breads in the region are produced with enzymes, portraying significant consumption of enzymes through the industry, majorly in countries with greater bakery consumption. Moreover, after prohibition of the usage of chemical whiteners like benzoyl peroxide, in many developed countries like China, the manufacturers of steamed bread raised concerns of the final product not being as appealing as customers have learned to accept. The concern was well-acknowledged by Lipase, that can reduce the betacarotene in flour and thus produce whiter steamed bread. The trend even raised the demand for enzymes in the industry. Fungal amylase and xylanase are said to produce steamed bread with a smoother surface, which gives a shiny impression.
China Held the Largest Market Share
China is the world's largest producer and exporter of food ingredients, portraying itself as one of the strongest market for food enzymes. Recently, the market witnessed a restraining trend due to intermittent supply amidst ongoing Coronavirus pandemic. However, owing to high dependency of foreign countries on China for the ingredient and cumulative efforts in R&D and revolution progress in production technology, and related equipment, the demand of enzyme export is anticipated to recover, during the forecast period.
APAC Food Enzymes Industry Overview
Asia-Pacific food enzymes market is highly fragmented owing to numerous players present at regional and country level. Some of the players who have been profiled in this report include Novozymes, Kerry Inc., Jiangsu Boli Bioproducts Co., Ltd.among others. The key players have embarked on industry consolidation by leveraging their distribution network, acquiring regional players, and developing new products with customization for different end-user industries.
APAC Food Enzymes Market Leaders
Kerry Inc.
DuPont de Nemours, Inc.
Koninklijke DSM N.V.
Chr. Hansen Holding A/S
*Disclaimer: Major Players sorted in no particular order
APAC Food Enzymes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Carbohydrases
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5.1.2 Protease
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5.1.3 Lipase
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5.1.4 Others
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5.2 Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Dairy and Frozen Desserts
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5.2.4 Meat Poultry and Sea Food Products
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5.2.5 Beverages
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5.2.6 Others
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5.3 Geography
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5.3.1 China
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5.3.2 Japan
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5.3.3 India
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Kerry Inc
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6.3.2 DuPont de Nemours, Inc
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6.3.3 Koninklijke DSM N.V
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6.3.4 Chr. Hansen Holding A/S
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6.3.5 Novozymes A/S
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6.3.6 ABF Ingredients
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6.3.7 Puratos
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6.3.8 Jiangsu Boli Bioproducts Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Food Enzymes Industry Segmentation
The market is segmented based on by type -carbohydrases, proteases, lipases, and Other and application which includes bakery, confectionery, dairy and frozen desserts, meat poultry and sea food products, beverages, and others. By geography, the market covers major economies of the region Asia-Pacific that is China, Japan, India, and Australia.
| Type | |
| Carbohydrases | |
| Protease | |
| Lipase | |
| Others |
| Application | |
| Bakery | |
| Confectionery | |
| Dairy and Frozen Desserts | |
| Meat Poultry and Sea Food Products | |
| Beverages | |
| Others |
| Geography | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Food Enzymes Market Research FAQs
What is the current Asia-Pacific Food Enzymes Market size?
The Asia-Pacific Food Enzymes Market is projected to register a CAGR of 8.35% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Food Enzymes Market?
Kerry Inc., DuPont de Nemours, Inc., Koninklijke DSM N.V. and Chr. Hansen Holding A/S are the major companies operating in the Asia-Pacific Food Enzymes Market.
What years does this Asia-Pacific Food Enzymes Market cover?
The report covers the Asia-Pacific Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Food Enzymes Industry Report
Statistics for the 2024 Asia-Pacific Food Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Food Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
