Report Description
The Asia Pacific Food Enzymes Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 8.35% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising consumers’ inclination toward organic food in the region.
During the food processing, food enzymes are used for multiple benefits such as increasing texture quality, flavor & fragrance, preservation, coagulation, and tenderization. Microorganisms are the most favored source of food enzymes. Food enzymes are compound ingredients, which act as catalyzers and they are mainly used for increasing the rate of diversity, variety, and quality during the food processing. Enzymes are majorly used in fruit juice, cheese manufacturing, and brewing.
During COVID-19 pandemic, various restrictions by governments and labor shortages in the food industry affected supply chain to vital areas and disrupted the market growth.
Market Trends, Drivers, Restraints, and Opportunities
-
Increasing demand for high quality food & beverages is projected to boost the market growth in the coming years.
-
Growing taste and nutritional content in food is anticipated to the market growth during the forecast period.
-
Increasing demand for processed food is projected to boost the market growth in the coming years.
-
Rising food industry is expected to spur the market growth during the forecast period.
-
High maintenance cost and pH operational range can restrain the market growth.
-
Development of new food enzymes can lead to new opportunities in the market.
Scope of Asia Pacific Food Enzymes Market Report
The report on the Asia Pacific food enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Asia Pacific Food Enzymes Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Types (Carbohydrases, Proteases, Lipases, and Others), Applications (Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages, and Others)
|
Geography
|
China, Japan, India, Australia, and Rest of Asia Pacific
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
Novozymes; Kerry Inc.; Jiangsu Boli Bioproducts Co., Ltd.; Koninklijke DSM N.V.; Chr. Hansen Holding A/S; DuPont de Nemours, Inc
|
Asia Pacific Food Enzymes Market Segment Insights
On the basis of types, the market is divided into carbohydrases, proteases, lipases and others. The carbohydrases segment is anticipated to hold a key share of the market in the coming years due to their cost effectiveness, less time & space consumption, and ease in modification and optimization of the process. However, the lipases segment is anticipated to expand at a rapid pace during the forecast period due to high stability toward temperatures and solvents.
Based on applications, the Asia Pacific food enzymes market is segregated into bakery, confectionery, dairy and frozen desserts, meat poultry and sea food products, beverages, and others. The bakery segment is expected to represent a key share of the market in the upcoming years due to increasing use of food enzymes to lengthen life of bakery products, reduce process time, compensate flour variability, and substitute chemical additives. On the other hand, the beverages segment is anticipated to expand at a rapid pace during the forecast period owing to improving yield and quality in the beverage industry.
On the basis of regions, the Asia Pacific food enzymes market is classified as China, Japan, India, Australia, and Rest of Asia Pacific. Japan is expected to constitute a key share of the market during the projected period due to increasing awareness about better quality products. However, the market in Rest of Asia Pacific is anticipated expand at a rapid pace during the forecast period due to increasing demand for agriculture enzyme market in countries such as India and China.
Segments
The Asia Pacific food enzymes market has been segmented on the basis of
Types
- Carbohydrases
- Proteases
- Lipase
- Others
Applications
- Bakery
- Confectionery
- Dairy and Frozen Desserts
- Meat Poultry and Sea Food Products
- Beverages
- Others
Geography
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
Key Players
- Novozymes
- Jiangsu Boli Bioproducts Co., Ltd.
- Kerry Inc.
- Koninklijke DSM N.V.
- Chr. Hansen Holding A/S
- DuPont de Nemours, Inc
Competitive Landscape
Key players competing in the Asia Pacific food enzymes market includes Novozymes; Kerry Inc.; Jiangsu Boli Bioproducts Co., Ltd.; Koninklijke DSM N.V.; Chr. Hansen Holding A/S; DuPont de Nemours, Inc., Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
In January 2021, DuPont Nutrition & Biosciences launched NovaGARD NR 100-G, which keeps meat products safe and high quality throughout shelf life.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Enzymes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Enzymes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Enzymes Market - Supply Chain
4.5. Global Food Enzymes Market Forecast
4.5.1. Food Enzymes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Enzymes Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Food Enzymes Market Absolute $ Opportunity
5. Global Food Enzymes Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Food Enzymes Market Size and Volume Forecast by Types
5.3.1. Carbohydrases
5.3.2.
Proteases
5.3.3.
Lipase
5.3.4.
Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Enzymes Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Food Enzymes Market Size and Volume Forecast by Applications
6.3.1. Bakery
6.3.2.
Confectionery
6.3.3.
Dairy and Frozen Desserts
6.3.4.
Meat Poultry and Sea Food Products
6.3.5.
Beverages
6.3.6.
Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Enzymes Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Food Enzymes Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Food Enzymes Demand Share Forecast, 2019-2026
8. North America Food Enzymes Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Food Enzymes Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Food Enzymes Market Size and Volume Forecast by Types
8.4.1. Carbohydrases
8.4.2.
Proteases
8.4.3.
Lipase
8.4.4.
Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Food Enzymes Market Size and Volume Forecast by Applications
8.7.1. Bakery
8.7.2.
Confectionery
8.7.3.
Dairy and Frozen Desserts
8.7.4.
Meat Poultry and Sea Food Products
8.7.5.
Beverages
8.7.6.
Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Food Enzymes Demand Share Forecast, 2019-2026
9. Latin America Food Enzymes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Food Enzymes Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Food Enzymes Market Size and Volume Forecast by Types
9.4.1. Carbohydrases
9.4.2.
Proteases
9.4.3.
Lipase
9.4.4.
Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Food Enzymes Market Size and Volume Forecast by Applications
9.7.1. Bakery
9.7.2.
Confectionery
9.7.3.
Dairy and Frozen Desserts
9.7.4.
Meat Poultry and Sea Food Products
9.7.5.
Beverages
9.7.6.
Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Food Enzymes Demand Share Forecast, 2019-2026
10. Europe Food Enzymes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Food Enzymes Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Food Enzymes Market Size and Volume Forecast by Types
10.4.1. Carbohydrases
10.4.2.
Proteases
10.4.3.
Lipase
10.4.4.
Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Food Enzymes Market Size and Volume Forecast by Applications
10.7.1. Bakery
10.7.2.
Confectionery
10.7.3.
Dairy and Frozen Desserts
10.7.4.
Meat Poultry and Sea Food Products
10.7.5.
Beverages
10.7.6.
Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Food Enzymes Demand Share Forecast, 2019-2026
11. Asia Pacific Food Enzymes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Food Enzymes Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Food Enzymes Market Size and Volume Forecast by Types
11.4.1. Carbohydrases
11.4.2.
Proteases
11.4.3.
Lipase
11.4.4.
Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Food Enzymes Market Size and Volume Forecast by Applications
11.7.1. Bakery
11.7.2.
Confectionery
11.7.3.
Dairy and Frozen Desserts
11.7.4.
Meat Poultry and Sea Food Products
11.7.5.
Beverages
11.7.6.
Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Food Enzymes Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Enzymes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Food Enzymes Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Food Enzymes Market Size and Volume Forecast by Types
12.4.1. Carbohydrases
12.4.2.
Proteases
12.4.3.
Lipase
12.4.4.
Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Food Enzymes Market Size and Volume Forecast by Applications
12.7.1. Bakery
12.7.2.
Confectionery
12.7.3.
Dairy and Frozen Desserts
12.7.4.
Meat Poultry and Sea Food Products
12.7.5.
Beverages
12.7.6.
Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Food Enzymes Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Food Enzymes Market: Market Share Analysis
13.2. Food Enzymes Distributors and Customers
13.3. Food Enzymes Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Novozymes
13.4.2.
Kerry Inc.
13.4.3.
Jiangsu Boli Bioproducts Co., Ltd.
13.4.4.
Koninklijke DSM N.V.
13.4.5.
Chr. Hansen Holding A/S
13.4.6.
DuPont de Nemours, Inc