Market Size of North America Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Food Enzymes Market Analysis
The North America food enzymes market is forecasted to grow at a CAGR of 4.2% during the forecast period (2020 - 2025).
- The market is majorly driven by the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry. New food enzymes applications in markets such as protein fortification are expected to prompt growth for food enzymes market and create lucrative opportunities for industry participants.
- Furthermore, innovation in food technology in the region, extensive R&D investment and the growing awareness about better-quality products being manufactured by utilizing enzymes, are further driving the market. For instance, genetically modified organism strain is produced using food enzymes originating and sourced from micro-organisms with the help of technological upgradation. These strains that are obtained, are expected to function in adverse conditions and improve efficiency, thus augmenting the food enzyme market growth and yield opportunities for industry players.
