Market Research Report
Asia Pacific Food Enzymes Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||904354|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Asia Pacific Food Enzymes Market Forecast 2019-2027|
|Published: August 7, 2019||Content info: 80 Pages||
As per Inkwood Research, the Asia Pacific market for food enzymes was valued at $XX million in 2018 and was estimated to contribute revenue of $XX million by 2027, while evolving around CAGR of 7.84% between 2019 and 2027. The growth of the food enzymes market in the region owes to factors such as rapid industrialization, supportive government initiatives, and rapid development in the food industry.
The Asia Pacific food enzymes market includes numerous countries such as China, South Korea, Australia, Japan, India, and others. The demand for food enzymes is surging in the region as the food & beverages industry along with bakery sector is adopting expansion strategies. The growing investments and governmental support in India assist the thriving food processing industries, thereby surging the demand for industrial enzymes. The broad tastes & preferences in food habits of people further drive demand for food enzymes. Also, the ongoing research in enzymology, process engineering activities, and applied R&D by the academic institutions and universities in the region is propelling the food enzymes market growth.
Some of the dominant players in the market include Dawn Food Products, Inc., Corbion N.V., Lesaffre Group, The Bakels Group, Tate & Lyle PLC, Archer Daniels Midland Company, Royal DSM N.V., Lallemand Inc., Puratos Group, and Ingredion Incorporated. The companies innovate and expand their wide range of products portfolio to meet the diversified needs of people in the region.