Market Size of Egypt Food Enzymes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Egypt Food Enzymes Market Analysis
Egypt Food Enzymes Market is anticipated to grow at a CAGR of 3.5% during the forecast period (2020 - 2025).
- The growing processed food industry and the rising preference for ultra-food are expected to boost the Egypt market.
- Enzymes can perform several functional attributes such as improving the quality and nutrition of products while helping companies clean up food labels. Thus, a large opportunity for the use of enzymes lies in the food and beverage industry.
- The food and beverage market has seen a cut in synthetic ingredients, wider use of botanicals, the replacement of emulsifiers with enzymes and other texturizers.