SpendEdge Forecasts a Spend Growth of over USD 5 Billion for the Yeast and Enzymes Market
LONDON--(BUSINESS WIRE)--Nov 20, 2019--
SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Yeast and Enzymes Market - Procurement Intelligence Report.
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Global Yeast and Enzymes Market Procurement Intelligence Report. (Graphic: Business Wire)
The growing penchant towards the consumption of foods and beverages by consumers, especially in emerging economies will pave the way for an impressive spend growth in the yeast and enzymes market. Yeasts and enzymes command their extensive applications in the food and beverage industry as processing aids. These components help processed food manufacturers to obtain more from raw materials, streamline the production processes, and improve the quality of processed food products. The yeast and enzyme market will undergo the spend growth at a momentum that will exceed 6% through 2022.
However, this momentum will experience frequent halts owing to factors such as the sub-optimal packaging of these products. Inadequate packaging is frequently resulting in the degradation and contamination of products, thereby leading to financial losses of buyers.
“ The type of packaging and storage material used for yeast has a direct impact on the effectiveness of yeast’s fermentation capacity. It is best maintained in the cast of cellophane-wrapped yeast stored in cardboard boxes,” says SpendEdge procurement analyst A Kowshik.
Uncontrolled procurement spend and the lack of visibility of the same is hitting the buyer’s business where it hurts the most. Subscribe to our free web-based platform to get instant and real-time insights on the price trends and procurement strategies that will change your procurement outlook.
In view of the imposing challenges in the yeast and enzymes market, this procurement intelligence report contains insights that are focused on cost-saving aspects of procurement and optimization of category spend.
Key Report Insights:
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Some of the key topics covered in this report are:
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INDUSTRY KEYWORD: PACKAGING MANUFACTURING
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PUB: 11/20/2019 11:00 AM/DISC: 11/20/2019 11:01 AM