Food enzymes market tipped to surge in Asia Pacific

Thursday, 08 October, 2015

The food enzymes market in the Asia Pacific region has experienced healthy growth in recent years and is expected to grow at an even higher rate in upcoming years. This is mostly driven by the increasing westernisation and globalisation of developing countries in the region, leading to changes in food habits among consumers — such as a preference towards bakery products, confectionaries, specialty food and processed foods — which drive growth in the food enzymes market.

This trend is discussed in a report on the global food enzymes market compiled by US-based market research firm Persistence Market Research (PMR).

The report also highlights increasing demand for processed foods and expanding consumer tastes for exotic and novel flavours in developed countries of North America and Europe, which is helping to maintain a steady growth in the food enzymes market in these regions. Meanwhile, increased demand for processed food, confectionary and bakery products in developing countries such as South Africa and Brazil is also showing promising growth for the food enzymes market in those regions.

North America is the largest market for food enzymes, closely followed by Europe and Asia Pacific. Overall growth in the food industry is driven by multiple factors, including population growth, expanding demand for processed foods and growing awareness about healthy foods and beverages. This in turn drives the growth of the global food enzymes market. In addition, technical innovations in enzymatic food processing and the rising application of food enzymes in a variety of new food products are also driving the overall market.

However, health-related side effects associated with certain enzymes are a major challenge for the overall growth of the food enzymes market, with the European Union recently imposing a regulation regarding health risks associated with enzymes in the food industry and currently considering a defined set of guidelines to regulate the market.

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