Asia Pacific is projected to be the fastest-growing regional market for brewing enzymes by 2023

The Brewing Enzymes Market is estimated at USD 352.1 million in 2018, it is projected to reach USD 484.7 million by 2023, at a CAGR of 6.6%. The increase in popularity of craft breweries and specialty beers, continuous R&D resulting in product and process innovations, increasing per capita income in Asia Pacific region, and forecasted high cereal price trend are expected to drive the demand for brewing enzymes in beer and wine applications. Usage of enzymes in the brewing industry can cut costs, improve beer stability, and control flavor, in addition to providing higher productivity and reducing waste generation.

The Asia Pacific region is projected to be the fastest-growing market for brewing enzymes over the next five years, owing to an increase in overall economic growth, with diversity in income levels, technology, and demand from end consumers leading to enhanced scope for future growth. 

The main countries contributing significantly toward the growth of the market in this region are China, Japan, and Vietnam. The malt that is produced in China for beer production is facing a deficit in barley; hence, manufacturers are focusing on building malt production units due to the ongoing increase in domestic demand. Due to barley deficit in this region, commercial enzymes are added to improve the quality of the beer and to fulfill the domestic demand for beer, which drives the usage of enzymes in the brewing process.

In the European region, the growth of brewing enzymes can be attributed to the increase in the production of wine, flavored beers, and gluten-free beers. Additionally, the increase in domestic consumption of premium products with better taste and quality also drives the production of beers and wine in Europe. Growth in the craft beer market acts as a major driver for the growth in this market. The increase in the number of craft breweries, the rise in popularity of such beers among consumers, growing awareness about some health benefits of consuming beer, and the increase in disposable income, especially in Western European countries, have fueled the growth of the brewing enzymes market in the region.

The brewing enzymes market is concentrated, with leading companies driving the market growth. This report provides a qualitative analysis of the prominent market players and their preferred development strategies. Key players such as Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Amano Enzyme (Japan), Chr. Hansen (Denmark), Associated British Foods (UK), and Kerry Group (Ireland) 

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