Africa Food Enzymes Market Size

Statistics for the 2023 & 2024 Africa Food Enzymes market size, created by Mordor Intelligence™ Industry Reports. Africa Food Enzymes size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Food Enzymes Industry

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Africa Food Enzymes Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

Africa Food Enzymes Market Companies

*Disclaimer: Major Players sorted in no particular order

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Africa Food Enzymes Market Analysis

The African food enzymes market is forecasted to grow at a CAGR of 4.5% during the forecast period (2020 - 2025).

The food enzyme market is witnessing rapid growth due to the increasing demand for processed food and wide applications of the enzymes in the processed food industry in the region. Innovation in food technology in the region and the growing awareness about better-quality products being manufactured, by utilizing enzymes are the other factors that are further driving the market growth. For instance, genetically modified enzymes, which are usually associated with health effects in the long-term, has resulted in a setback for the growth of the industry. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products treated with genetically-modified enzymes.

Africa Food Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)