Asia Pacific Food Enzymes Market

Asia Pacific Food Enzymes Market Growth and Forecast (2023 - 2028):

The Asia-Pacific Food Enzymes Market was worth $0.38 billion in 2022 and estimated to be growing at a CAGR of 9.9%, to reach $0.61 billion by 2028. Eating good food is equally important as being able to digest it. Human body is capable of producing some digestive enzymes but they cannot digest all the food we take. Food enzymes provide the solution to help you digest food which is previously indigestible.

Market Overview:

Enzymes act as catalysts for thousands of chemical reactions that happen in all the living cells. With the advancements in Biotechnology, enzymes are produced which can mimic the enzymatic process and also enhances the process if needed. As a result enzymes that occur in nature attain enhancing effects adding previously unattainable functions to food products. They can be extracted from plants and animals or fermented from microorganisms.

Drivers and Restraints:

Increasing awareness for diets which are rich in nutrition, tremendous rise in the retail channels which penetrated both urban and rural areas are the major factors driving the food enzymes market. The change in food habits of people all over the world and increase in demand for packaged food led to the increase in demand for food enzymes. Globalization of developing countries increased the demand for food processing industries. Unclear legislations regarding food enzymes and health risks due to the use of food enzymes are restraining the market.

Asia Pacific Food Enzymes Market Segmentation Analysis:

The food enzymes market is categorized based on the types of enzymes as Carbohydrases, Proteases and Lipases. Carbohydrases hold the largest share in Food Enzymes Market in this segment as it is used to convert carbohydrates into sugar syrups like fructose and glucose for food and beverage industries. Food enzymes are further segmented into Lyophilized powder and liquid forms based on their forms. On the basis of application of food enzymes, the market is segmented into Beverage, Processed Food, Dairy, Bakery and Confectionery. Bakery products hold the largest market in this segment. It is mainly due to the application of food enzymes in bakery products such as increasing stability of dough and uniformity of brown bread etc. The food enzymes market is segmented based on the source of the enzymes as Plants, Animals and microorganisms

Region Analysis:

Asia-Pacific region is geographically segmented into China, India, Japan, South Korea and Australia. Asia-Pacific is projected to be the fastest growing market for food enzymes market with India and China leading the market. Increase in awareness of nutritional diets is driving the market growth.

Key Players in the Market:

Major key players in the Asia Pacific Food Enzymes Market are

Some of the major players in food enzymes market include AB Enzymes GMBH, Advanced Enzymes Technologies Limited, AUM Enzymes, Dyadic International Inc., E.I. DUPONT DE Nemours & Company, Jiangsu Boli Bio products Co. Ltd, Novozymes A/S, Sunson Industry Group Company Limited, Nagase Chemtex Corporation, and Puratos Group NV.