Food Enzymes Market 2019, Top Companies Overview, Market Demand, Growth and F
According to the global food enzymes market report by IMARC Group, the market was worth US$ 1.8 Billion in 2018. The market to reach a value of US$ 2.55 Billion by 2024, growing at a CAGR of around 5% during the next five years.
By: IMARC Group
Global Food Enzymes Market Trends:
The global market is primarily driven by the thriving food and beverage industry that uses enzymes for various purposes, including protein processing, baking confectionary items, producing cheese and brewing alcoholic and non-alcoholic beverages. Furthermore, shifting dietary preferences of consumers toward organic and natural food products is also providing a boost to the market growth. Also, owing to busy schedules and hectic lifestyles of the consumers, there is an increasing demand for ready-to-eat and convenience food products that use these enzymes for improving the shelf-life of the products. Other factors, including extensive research and development (R&D) activities, are projected to drive the market further.
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