The Latin America food enzymes market size reached US$ 177.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 235.8 Million by 2027, exhibiting a growth rate (CAGR) of 4.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Food enzymes are additives that assist in the breaking down of indigestible nutrients into easily digestible forms. Enzymes, such as proteases, lipases, and carbohydrase, are widely used in the production of various beverages and bakery and confectionary products, thus forming a quintessential part of the food and beverage industry. The utilization of food enzymes in edible products not only adds flavor but also aids in increasing their shelf-life while maintaining their nutritional content.
The presence of a well-established food and beverage industry is one of the primary factors driving the market for food enzymes in the Latin American region. In line with this, the enzymes find extensive application in various bakery products for stabilizing the dough and facilitating the fermentation of bread. Moreover, the rising demand for packaged and ready-to-eat food items, due to hectic lifestyles led by a steadily increasing working population, is contributing to the market growth. Food enzymes are widely utilized in these products to increase their shelf-life without compromising on the nutritional quotient. Other factors, such as the significant growth in the food processing industry and improving infrastructural facilities, including transportation, and increasing investments in the establishment of technologically advanced cold chain facilities, are driving the market further in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America food enzymes market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, source, formulation and application.
Breakup by Type:
Breakup by Source:
Breakup by Formulation:
Breakup by Application:
- Processed Foods
- Dairy Products
- Bakery Products
- Confectionery Products
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Type, Source, Formulation, Application, Country
||Argentina, Brazil, Mexico, Colombia, Chile, Peru, Others
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Key Questions Answered in This Report:
- How has the Latin America food enzymes market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America food enzymes market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the formulation?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Latin America food enzymes market and who are the key players?
- What is the degree of competition in the industry?