Summary: Global Baking Enzymes Market is poised to reach $714.24 million by 2021 – 175 pages report by Market Data Forecast
The Global Baking Enzymes Market has been estimated at USD 475 Million in 2016 and is projected to reach USD 714.24 Million by 2021, at a CAGR of 8.5% during the forecast period from 2016 to 2021. 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 longer lasting fresh bread. They find its extensive application various segments of baking products, where products are perishable in nature and its freshness and stability is most important.
The market for Baking Enzymes is mainly driven due to factors including the emerging baked products, declining use of emulsifiers, high disposable income, and uncovering of health and nutritional values. Also, since baking enzymes maintain the freshness, hygiene, stability and nature of the product, the demand for baking enzymes market has increased. But, the market growth can be constrained due to strict government rules and regulations regarding the risks involved with its uses in the food industry.
Global market for Baking Enzymes is segmented based on type and application. By type, the market is further sub-segmented into Carbohydrase, Protease, Lipase and Others. By application, the market is further sub-segmented into Bread, Biscuits & Cookies, and Cake & Pastry. Carbohydrase is projected to experience the highest growth, and Protease is contributing to second largest share.
Geographically, Global market for Baking Enzymes is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. North America emerged as the largest baked enzymes regional market on account of high baked food consumption. Baking enzymes demand in the Europe region is primarily driven by bakers and confectioners. Asia Pacific and MEA regions are estimated to achieve highest gains in the near future, followed by Latin America.
Novozymes, AB Enzymes, DSM, Advanced Enzymes, Amano Enzyme Inc., Stern Enzymes, Dydaic International Inc., Engrain, Maps Enzyme Limited, E.I. Dupont De Nemours & Company, Aumenzymes and Puratos Group N.V. are the major players of Global Baking Enzymes market.
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