The report of Baking Enzymes Market By Product Type (Carbohydrase, Protease, Lipase, Others), By Application (Breads, Cakes & Pastries, Cookies & Biscuits, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 5.25% during the forecast period.
Advanced consumers are constantly looking for baked goods that are tastier, healthier, and more valuable and versatile. The baking enzyme industry is providing better solutions and ingredients to help baked goods producers meet consumer needs. Because of the busy lifestyle of consumers buying more ready-to-eat and confectionery products that are convenient to consume. The growing demand for baking enzymes in the food industry, particularly in bakery products, is an essential factor driving the growth of the global baking enzyme market. The baking enzyme used in the bakery industry is another factor that is supposed to support the growth of the global market to develop the nutritional value of products. New developments in the biotechnology sector have reduced the cost of enzyme production, which is expected to drive demand for baking enzymes.
Organic and gluten-free bread uses bakery enzymes like transglutaminase, glutathione, protease, etc. So, as the demand for natural and gluten-free bread increases, the need for baking enzymes are presumed to increase in the forecast period. Fast urbanization, increased consumption of convenience foods, and retail outlets like Pizza Hut, Domino, McDonald’s, and the subway are expected to lead the global baking enzyme market in the future. Also, as the use of emulsifiers decreased, the demand for baking enzymes increased, foremost to the growth of the global baking enzymes market.
Baking enzymes when consumed in excessive proportions, can cause allergies, headaches, and ulcers, which are the key factors affecting the growth of the global baking enzyme market. Also, fluctuations in temperature and pH levels affect the ability of enzymes to bake, and severe government rules and regulations on the use of proteins for baking in countries like the UK and Canada are so-called of interfering with the growth of the global market for baking enzymes during the forecast period.
By product type, the carbohydrase segment is expected to hold the largest market share of the baking enzymes market by 2027, because of a wide-ranging application in many products as it is used in the production of baked products over other products. As well as this, carbohydrase enzymes have high thermal stability and can potentially improve the texture and extend the shelf-life of the food products. Supportive regulatory standards led by the FDA about GRAS approval of carbohydrase and amylase in food products should have a positive impact on baking enzyme demand.
Region-wise, the market in North America is expected to hold the largest market share in the global baking enzymes market in terms of revenue by 2027, because of increasing demand for baking enzymes in food & beverage and confectionery industries in countries in the region. The market in Europe expected to account for the second-largest revenue share contribution to the global baking enzymes market followed by markets in the Asia Pacific. The market in the Asia Pacific is expected to witness the fastest growth in terms of revenue, on account of the increasing inclination for packaged food among individuals in countries in the region.
The key players of the global Baking Enzymes market are Novozymes A/S, DSM, Enzymes GmbH, DowDuPont Inc., Advanced Enzyme Technologies Ltd., Dyadic International Inc., Engrain, SternEnzym GmbH & Co. KG, Amano Enzyme Inc., Aum Enzymes, Maps Enzyme Limited, AB Enzymes GmbH, Puratos Group NV, and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Baking Enzymes Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Baking Enzymes Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Baking Enzymes Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Baking Enzymes Market”.
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