Market Research Report
Asia-Pacific Food Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||389588|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia-Pacific Food Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 90 Pages||
Asia-Pacific food enzymes market is projected to grow at a CAGR of 8.35% during the forecast period.
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.
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.