Global Food Enzymes Market 2020-2024
Technavio has been monitoring the global food enzymes market and it is poised to grow by USD 1.29 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. Our reports on food enzymes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing demand from the beverage industry. In addition, rise in awareness about healthy and nutritional food is anticipated to boost the growth of the food enzymes market as well.
Technavio’s global food enzymes market is segmented as below:
- Processed foods
- Animal feed and poultry
- North America
- South America
Key Trends for food enzymes market growth
This study identifies rise in awareness about healthy and nutritional food as the prime reasons driving the food enzymes market growth during the next few years.
Prominent vendors in food enzymes market
We provide a detailed analysis of around 25 vendors operating in the food enzymes market, including some of the vendors such as Advanced Enzyme Technologies Ltd., Alticor Inc., Associated British Foods Plc, BASF, Chr. Hansen Holding AS, DowDuPont Inc., Maps Enzymes Ltd., Novozymes AS, Puratos NV and Royal DSM.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.