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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
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Asia-Pacific Food Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)
Published: June 1, 2020 Content info: 90 Pages
Description

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.

Key Market Trends

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.

Competitive Landscape

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.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Table of Contents
Product Code: 48599

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Carbohydrases
    • 5.1.2 Protease
    • 5.1.3 Lipase
    • 5.1.4 Others
  • 5.2 Application
    • 5.2.1 Bakery
    • 5.2.2 Confectionery
    • 5.2.3 Dairy and Frozen Desserts
    • 5.2.4 Meat Poultry and Sea Food Products
    • 5.2.5 Beverages
    • 5.2.6 Others
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 Japan
    • 5.3.3 India
    • 5.3.4 Australia
    • 5.3.5 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Kerry Inc
    • 6.3.2 DuPont de Nemours, Inc
    • 6.3.3 Koninklijke DSM N.V
    • 6.3.4 Chr. Hansen Holding A/S
    • 6.3.5 Novozymes A/S
    • 6.3.6 ABF Ingredients
    • 6.3.7 Puratos
    • 6.3.8 Jiangsu Boli Bioproducts Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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