ID: MRFR/F-B & N/3776-HCR | February 2021 | Region: Global | 110 pages
Bakery Enzymes Market is expected to grow USD 1.47 Billion at a CAGR of 4.71% during the forecast period, says marker research future (MRFR). Baking enzymes are used in a variety of end-use markets, including breads, cakes & pastries, and biscuits & cookies. With the use of baking enzymes, baking operations can become more environmentally friendly, as they result in lower greenhouse gas emissions and reduced raw material waste. With the development of novel production strains based on genetically modified microbes, large-scale manufacturing of baking enzymes with functionalities tailored to individual requirements is now conceivable without the possibility of undesirable side effects.
The positive prognosis for processed and packaged bakery items, owing to an increasingly hectic lifestyle and an increase in consumer demand for fresh & ready-to-eat breakfast foods, will fuel the baking enzymes market's growth. Baking enzymes operate as a catalyst for biological events that result in the enhancement of the quality of a variety of processed bread products. Additionally, the enzyme's use in gas retention, lowering the protein flour content of crackers and cookies, standardizing bread quality, and assuring uniform browning of bread will aid in business expansion.
Globally increasing consumption of processed bakery products, combined with the high concentration of enzymes in bakery products such as bread, cakes, and pastries, will drive product demand. Persistent advancements in the biotechnology industry and increased use of fermentation technology in modern bread factories will drive the expansion of the baking enzymes market. Additionally, the growing demand for enzymes to increase the mineral bioavailability of food will accelerate the rate of product penetration.
Bakery Enzymes Market has been segmented based on type, application, and region.
Based on type, the global bakery enzymes industry has been classified as carbohydrases, proteases, lipases, and others.
Based on application, the global bakery enzymes industry has been categorized as bread & rolls, biscuits & cookies, cakes & pastries, and others.
The global bakery enzymes industry has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico. The European bakery enzymes industry has been classified as Germany, France, Italy, Spain, UK, and the rest of Europe. The bakery enzymes industry in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The bakery enzymes industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Bakery Enzymes Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
Europe is expected to dominate the market for bakery enzymes during the forecast period. Germany, France, and the UK are projected to be the major contributors of bakery enzymes industry in this region. The strong presence of the bakery market in this region, followed by continuous innovations in bakery products by the key players is projected to boost the growth of the bakery enzymes industry in this region. North America is also expected to hold a significant share in the global market with the US holding the major market share. Asia-Pacific is projected to register the highest CAGR during the forecast period. The rapid growth of food processing industry in countries such as China, Japan, and India are expected to create a lucrative market for bakery enzymes manufacturers in this region.
March 2022: Kerry Group announced one purchase and an agreement to complete another, both of which are intended to increase the company's foothold in biotechnology and its expertise, technology portfolio, and production capabilities. Enmex, a manufacturer of enzymes situated in Tlalnepantla de Baz, Mexico, is the first acquisition. Enmex offers a variety of bioprocessing solutions for the food, beverage, and animal nutrition industries. Kerry stated that Enmex's complementary enzyme portfolio and robust manufacturing infrastructure will aid in the growth of Kerry's fermentation and enzyme production capabilities across Latin America.
Global Bakery Enzymes Market, by Type
Global Bakery Enzymes Market, by Application
Frequently Asked Questions (FAQ) :
Bakery enzymes market valuation would be USD 1.2 billion by 2024.
Bakery enzymes market CAGR would be 7.1% during the forecast period.
Growing demand from the bakery sector I developed countries to boost the market for bakery enzymes.
Bakery enzymes market players are DSM N.V. (Netherlands), Novozymes A/S (Denmark), AB Enzymes GmbH (Germany), Advanced Enzymes (India), Amano Enzyme Inc. (Japan), DowDupont Inc. (US), Maps Enzyme Limited (India), SternEnzym GmbH & Co. KG (Germany), Caldic B.V. (Netherlands), BDF Ingredients (Spain), Dydaic International Inc. (US), Puratos Group Nv (Belgium), Lallemand Inc. (Canada), Kerry Group plc (Ireland), BASF SE (Germany), and others.
Europe would dominate the global bakery enzymes market.