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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Market players are investing in research and development to expand product portfolio that includes innovative enzymes designed for specific applications like bakery and dairy industries.
- Deltagen Australia
- Novozymes Australia Pty Ltd.
- Connell Bros Company Australasia Pty Ltd.
- Sabinsa Corporation
- Others
Australia Food Enzymes Market Report Snapshots
Australia Food Enzymes Market Size
Australia Food Enzymes Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 6.4% between 2024 and 2032.
The market is being driven due to innovations in food technology within the country, the growing awareness of the impact of pH levels on enzymes, and the utilisation of food enzymes for fermentation in the food and beverage industry.
Key trends aiding the market expansion are the development of a cocktail of carbohydrase enzymes for healthier foods, utilisation of enzymes like cellulose and alpha amylase in brewing for better malt separation, extraction yield, and beer filtration, and the increasing demand for carbohydrases like amylase, cellulase, xylanase, and pectinase.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on application, the market segmentations include dairy products, beverages, confectionery products, processed foods, and bakery products, among others.
Protease, lipase, and carbohydrase (lactase, amylase, pectinase, cellulase, others) are considered in the report.
Key players in the market are Deltagen Australia, Novozymes Australia Pty Ltd., Connell Bros Company Australasia Pty Ltd., and Sabinsa Corporation, among others.
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