Global Markets for Enzymes in Industrial Applications 2021-2026, Featuring Leading Market Participants including BASF Corp , DSM, DuPont, Novozymes A/S and Sunson Industry Group
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Global Markets for Enzymes in Industrial Applications 2021-2026, Featuring Leading Market Participants including BASF Corp , DSM, DuPont, Novozymes A/S and Sunson Industry Group
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Advanced Enzyme Technologies Ltd Q1FY22 consolidated PAT higher at Rs 38 04 crore
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Technavio s latest offering,
Technavio has announced its latest market research report titled Food Enzymes Market by Product, Application, and Geography - Forecast and Analysis 2020-2024
The food enzymes market is estimated to grow by USD 1.29 billion during 2020-2024, growing at a CAGR of almost 8%.
Market Dynamics
Factors such as demand from the beverage industry and the high demand for food enzymes from the dairy industry will drive the growth of the food enzymes market during 2020-2024. However, the availability of substitutes might hamper the market growth.
The rise in awareness about healthy and nutritional food is expected to open multiple growth opportunities for players in the market. But the safety regulations for food enzymes might impact the business of vendors during the forecast period.