MRFR

The dairy alternatives market is expected to reach $44.9 billion by 2027, at a CAGR of 11.2% during the forecast period of 2020 to 2027. The increasing intolerance for animal proteins, nutritional benefits offered by plant-based dairy products, growing investments in dairy alternatives, and increasing vegan & vegetarian population are the key factors driving the growth of the dairy alternatives market. Moreover, emerging countries are expected to create lucrative opportunities for players operating in this market. Impact of COVID-19 on the Dairy Alternatives Market The COVID-19 pandemic has adversely hit many economies around the globe. The pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9thJuly 2020 (Source: European Centre for Disease Prevention and Control). COVID-19, the disease spread by the novel coronavirus SARS-nCoV-2, has quickly spread to 216 countries and territories continents and caused a public health emer...

The global food enzymes market is expected to grow at a CAGR of 7.5% to reach $3,125.1 million by 2024 from $2,176.9 million in 2019. The enzymes produced from plants, animal tissues, and microorganisms are used in food industry for wide applications. The enzymes in food industry are used mainly for stabilizing and clarifying beverages, reducing ripening time in dairy and meat products, increasing loaf volume of bread, improving quality and yield of products, modifying fats, and tenderizing meats. In order to improve production processes while optimizing costs and guaranteeing quality, the food industry is always looking for new and innovative ingredients to obtain the best quality products. Thus, growing importance of enzymes in food industry is fueling growth of food enzymes market. Growing awareness about nutritional requirements drives the market for food enzymes The global awareness about nutritional food products is increasing rapidly. This nutritional awareness is associated wi...