Market Size of Mexico Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Food Enzymes Market Analysis
The Mexican food enzymes market is expected to register a CAGR of 6.8% during the forecast period (2020 - 2025).
The market is witnessing a rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry, which are driving the market. Furthermore, innovation in food technology in the country and the growing awareness about better-quality products being manufactured by utilizing enzymes are further driving the market.
The natural enzymes have the largest share, whereas the genetically modified enzymes are usually associated with health effects. Hence, these factors that are likely to be responsible for restraining the market in a long-term. However, as the food safety authorities are issuing standards for enzyme consumption, the consumers have started accepting the products that are treated with genetically modified enzymes.
