Asia Pacific Lipase Food Enzymes Market Size, Share & Industry Trends Analysis Report By Application (Food & Beverage Processing, Animal Feed, and Others), By Form (Powder and Liquid), By Source, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Asia Pacific Lipase Food Enzymes Market would witness market growth of 7.8% CAGR during the forecast period (2023-2029).
The lipase enzyme offers a significant advantage due to its widespread availability, which can be readily obtained from microorganisms, animal, and plant sources. The demand for lipase enzymes is expected to increase during the forecast period due to their growing use in various industries. This trend is driven by the increasing number of applications for these enzymes.
Reportedly, there has been a significant surge in broad awareness regarding the importance of nutritional food products. The correlation between nutritional awareness and pollution, health diseases, changing dietary habits, and urbanization has been observed. The demand for nutritional food has increased due to various factors, including government initiatives aimed at educating rural populations on nutrition, a growing percentage of working women and educated individuals, and a lack of time for food preparation.
Enzymes are used in the production of the majority of all breads in the region, showing a considerable industry-wide consumption of enzymes, particularly in nations with higher bakery consumption. Additionally, steamed bread producers expressed concerns that the finished product would not be as appealing as consumers have come to expect after using artificial whiteners such as benzoyl peroxide was outlawed in many developed nations, including China. The issue was addressed by lipase resulting in whiter steamed bread. The trend even increased the need for enzymes in the sector. Most of the demand for microbial enzymes is international, and most of its producers are in Asia. Therefore, the region presents lucrative growth opportunities to expand the market.
The China market dominated the Asia Pacific Lipase Food Enzymes Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $55.1 million by 2029. The Japan market is expected to witness a CAGR of 7.2% during (2023 - 2029). Additionally, The India market is expected to witness a CAGR of 8.5% during (2023 - 2029).
Based on Application, the market is segmented into Food & Beverage Processing, Animal Feed, and Others. Based on Food & Beverage Processing Type, the market is segmented into Bakery Products, Dairy Products, and Others. Based on Form, the market is segmented into Powder and Liquid. Based on Source, the market is segmented into Microorganisms, Animals and Plants. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Lipase Food Enzymes Market is Projected to reach USD 679.5 Million by 2029, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Hansen Holding A/S, Associated British Foods PLC (Wittington Investments Limited), Biocatalysts Limited (Brain Biotech AG), Novozymes A/S (Novo Holdings A/S), BASF SE, Infinita Biotech Private Limited, Antozyme Biotech Pvt Ltd, Jiangsu Yiming Biological Technology Co., Ltd., Creative Enzymes and Enzyme Development Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverage Processing
- Bakery Products
- Dairy Products
- Animal Feed
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Chr.Hansen Holding A/S
- Associated British Foods PLC (Wittington Investments Limited)
- Biocatalysts Limited (Brain Biotech AG)
- Novozymes A/S (Novo Holdings A/S)
- BASF SE
- Infinita Biotech Private Limited
- Antozyme Biotech Pvt Ltd
- Jiangsu Yiming Biological Technology Co., Ltd.
- Creative Enzymes
- Enzyme Development Corporation
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Global Lipase Food Enzymes Market Report 2023-2029
North America Lipase Food Enzymes Market Report 2023-2029
Europe Lipase Food Enzymes Market Report 2023-2029