baking enzymes market – is estimated to grow at a cagr of 8.58% to reach a marke

Posted by rohan on April 9th, 2019

Baking enzymes are essential for functions like flour enhancement, dough stability, fermentation, and relaxation, improving texture, volume and color, prolonging crumb softness and springiness and ensuring long lasting fresh bread. The Global Baking Enzymes Market has been estimated at USD 606.7 Million in 2019 and is projected to reach USD 915.9 Million by 2024, at a CAGR of 8.58% during the forecast period from 2019 to 2024.

DRIVERS & RESTRAINTS OF THE MARKET:

• The baking enzyme market is mainly related to factors such as new bakery products, decreased use of emulsifiers, high disposable income and the discovery of nutritional and health values.
• Besides, as the cooking enzymes retain the freshness, hygiene, stability, and nature of the product, the demand for the cooking enzyme market has increased.
• However, market growth may be limited due to strict government rules and regulations regarding the risks associated with its uses in the food industry.

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REPORT SEGMENTED AS:

Based on Type:

• Carbohydrase
• Protease
• Lipase
• Others

Based on Application:

• Bread
• Biscuits & Cookies
• Cake & Pastry

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Baking Enzymes Market is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the leading market in terms of market share across the world owing to high baked food consumption, followed by Europe due to prevalent bakers and confectioners. The Asia Pacific and Middle-East and Africa regions are expected to grow rapidly over the forecast period, followed by Latin America.

KEY MARKET PLAYERS:

• Novozymes
• AB Enzymes
• DSM
• Advanced Enzymes
• Amano Enzyme Inc.
• Stern Enzymes
• Dydaic International Inc.
• Engrain
• Maps Enzyme Limited
• I. Dupont De Nemours & Company
• Aumenzymes
• Puratos Group N.V.

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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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