The Global Egypt Food Enzymes Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Egypt Food Enzymes Market is anticipated to grow at a CAGR of 3.5% during the forecast period (2020 – 2025).
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Key Market Players: Novozymes A/S, SUNSON INDUSTRY GROUP CO.,LTD., Chr. Hansen Holding A/S, Creative Enzymes, CRYSTAL FSC, BASF SE, QIAGEN, CJ YOUTELL (SHANGHAI) BIOTECH CO.,LTD
Key Market Trends
Growing Consumption of Processed Foods
The growth of Egypts food processing and manufacturing sectors is associated with the market being price sensitive. Driving growth has been a shift to increased production for domestic consumption and exports. Egyptian food processors and manufacturers are taking advantage of Egypts central location in the Middle East North Africa (MENA) region to increase exports to nearby regional markets. Egyptian processed and manufactured food products are import-duty exempt in nearly all of the Arab and African export destinations. Furthermore, changing consumer behavior has also increased the demand for processed foods in the country. The country has experienced a remarkable CAGR of 18.03% during the past few years in the processed foods market. The evident growth in the processed food industry in Egypt will drive the growth of food ingredients including acidulants.
Bakery Is A Major Application For Enzymes
The Egypt enzymes markets value is increasing rapidly because of the increasing population and the consequent increasing consumption of processed foods. Enzymes are an important ingredient used in most bakery products. Recently enzymes have assumed an even greater role in baking, due to the restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. These enzymes, when added to the dough, improves the control on the baking process, allowing the use of different baking processes, reducing process time, slowing-down staling, compensating for flour variability, and substituting chemical additives.
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The market factors explained in the report:
Market Overview: It includes Egypt Food Enzymes Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Egypt Food Enzymes Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Egypt Food Enzymes Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Egypt Food Enzymes Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Egypt Food Enzymes Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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