Market Size of US Food Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Food Enzymes Market Analysis
The US food enzymes market is projected to record a CAGR of 5.8% during the forecast period.
- Food enzyme manufacturers are expecting an increased demand from food manufacturers to preserve the freshness, safety, taste, appearance, and texture of processed foods.
- Industrial food enzymes provide eco-friendly products to consumers, with no compromise in terms of quality of the end products. The functional attributes of food enzymes, such as digestive, softening, and anti-staling, are the key factors driving the food enzyme market growth.
- Hence, the processed food demand growth, owing to food retail chains' growth and convenience, has invariably helped the increase in the demand for enzyme application.
