Lucintel's Analysis Of Global Food And Beverage Processing Enzyme Market: APAC To Drive Growth

Irving, TX - Food and beverage processing enzyme is a protein catalyst, which is an essential ingredient for food and beverage products. The market is expected to experience moderate growth and reach $1.69B by 2018. The key market applications of processing enzyme are in bakery products, dairy products, wine and juice making, brewing, sweeteners, and others. APAC is expected to realize the highest CAGR of 6.8% in the next five years, driven by rising population, increase in per capita income, consumer awareness, and change in lifestyle.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the food and beverage processing enzyme industry and presents its findings in “The Global Food and Beverage Processing Enzyme Market 2013-2018: Trends, Forecast, and Opportunity Analysis.” The food and beverage processing enzyme market has seen a very high demand growth during the last few years because of the rapid growth of end market products. Changing food habits has boosted up enzyme demand for food and beverage products.

The report describes the various challenges of the industry. Enzymes are replacing chemicals and are providing nutrition. Consumers are needed to be convinced to accept enzyme modified food. Different regions have different regulations. In some regions, enzymes are considered in food additives and need to be checked by FDA, whereas in other regions, it is not considered as food additive.

The study encompasses the market drivers as well. In emerging markets, such as China and India, growing population and income levels have increased the demand which in turn,have spurred the demand of enzyme for food safety and to provide nutrition. The growth drivers of global food and beverage processing enzyme market are growing end products demand, changing food habits, increasing awareness for nutrition food, and concerns related to food safety.

The report includes the forecast of market size of global food and beverage processing enzyme market that is expected to be consumed during 2013-2018.This report is designed and intended for use by new entrants, enzyme manufacturers, raw material suppliers, food and beverage products manufacturers, investors, executives, and consultants focused on the food and beverage industry. The data can be utilized for a variety of functional business.