Canada Food Enzymes Market Share will Witness a YOY Growth Rate of 4.02% in 2022
The food enzymes market share in Canada is expected to grow by USD 35.41 million, accelerating at a CAGR of 4.47% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable businesses to identify areas of growth and steer clear of the low-performing segments. Unlock Free Sample Analysis Report
Food Enzymes Market in Canada: Market Segmentation
Technavio's research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- The food enzymes market is segmented by Product (Carbohydrase, Protease, Lipase, and Others) and Application (Bakery, Confectionery, Beverages, Dairy and frozen desserts, and Meat products).
- The food enzymes market growth in Canada by the carbohydrase segment will be significant during the forecast period.
- The food enzymes market report provides an accurate prediction of the contribution of all the geographic segments to the growth of the food enzymes market size in Canada.
Food Enzymes Market in Canada: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip businesses to design a growth strategy for their business and area of operations.
- The rise in awareness about healthy and nutritional food will be a significant factor in driving the growth of the food enzymes market in Canada.
- Growth in the food and beverage industry will be instrumental in driving the market growth during the forecast period.
- The growing demand for food processing applications is the major food enzymes market trend in Canada which will positively influence the market growth.
- The availability of substitutes is a hurdle that needs to be crossed on the path to success.
Food Enzymes Market in Canada: Vendor Analysis
The market is concentrated due to the presence of several players. Some of the major food enzymes market vendors in Canada are:
- Associated British Foods Plc
- BASF SE
- BRENNTAG SE
- DuPont de Nemours Inc.
- Jiagen Biotechnologies Inc.
- Kerry Group Plc
- Koninklijke DSM NV
- Novo Holdings AS
- Puratos NV/SA
- Ultra Bio-Logics Inc.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 4.47%.
- What is the incremental growth of the market?
The market is expected to grow by USD 35.41 million.
- What is a key factor driving this market?
The rise in awareness about healthy and nutritional food will drive market growth over the forecast period.
- What are the market segments covered in this report?
The market is segmented by Product (Carbohydrase, Protease, Lipase, and Others) and Application (Bakery, Confectionery, Beverages, Dairy and frozen desserts, and Meat products)
- Who are the leading market vendors?
The leading vendors in this market are Associated British Foods Plc, BASF SE, BRENNTAG SE, DuPont de Nemours Inc., Jiagen Biotechnologies Inc., Kerry Group Plc, Koninklijke DSM NV, Novo Holdings AS, Puratos NV/SA, and Ultra Bio-Logics Inc
