Cellulose Market Share

APAC Market Statistics

Asia Pacific industry is anticipated to hold largest revenue share of 36% by 2037, owing to growth in chemical synthesis industry in this region. Chemical synthesis is also used in making of synthetic food. Hence growing consumption of synthetic food is further expected to boost the market growth in this region. Food ingredients that have been chemically transformed into edible items are used to make synthetic food. Proteins, carbs, lipids, vitamins, trace elements, cells, and even air are used by scientists in laboratories to make food. Also, there has been growing investment in manufacturing synthetic food. Companies in India harnessing synthetic biology to upend the agro-food systems have seen an increase in investment. In these businesses, an approximately 5 billion was invested in 2021, which is equal to the total amount of money invested over the previous ten years. Nearly 4 billion was invested in firms that use synthetic biology to create food goods like dairy substitutes and meat analogues.