The global Baking Enzymes Market was worth USD 0.52 billion in 2014 and is expected to reach approximately USD 1.09 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.68% during the forecast period. Baking enzyme is a type of a chemical which performs biochemical activities and works as a catalyst. Baking enzymes are broadly used as a part of confectionery products like cookies, pastries and cakes. Baking enzyme is the fundamental ingredient in the production of these things. Baking enzymes have different benefits like a high dough handling, enhances the texture and appearance of the item, create appealing flavours and colours, improve the nutritional value of the item, long time span of usability, keep up freshness and softness of the items.
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Baking Enzymes Market: Competitive Insights
The leading players in the market are DuPont, Puratos Group NV, AB Enzymes GmbH, Advanced Enzymes, Stern Enzyme, Maps Enzymes Limited and DSM. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Baking Enzymes Market: Drivers and Restraints
The baking enzymes market is driven by different variables including the declining use of emulsifiers, emerging baked products, high discretionary income, and awareness regarding health and nutritional values, among others. The production of baking enzymes encounters difficulties in response of enzymes to changing temperature and pH. Nonetheless, the impacts of market drivers exceed those of the limitations, and consequently the market is expected to encounter solid development in the coming years.
Baking Enzymes Market: Market Segmentation
The Baking Enzymes market is classified on the basis of type and application. Based on type the market is segmented into Lipase, Carbohydrase, Protease and others. On the basis of application the market is segmented into Cakes & Pastries, Breads and Biscuits & Cookies.
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Table of Contents:
1.1. Report Description
1.2. Research Methodology
- Executive Summary
2.1. Key Highlights
- Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
188.8.131.52. Declining Use of Emulsifiers
184.108.40.206. Uncovering Health and Nutritional Values
220.127.116.11. Effect of Temperature
18.104.22.168. Emerging Markets to Offer Lucrative Growth Opportunities
…CONTINUED FOR TOC
Baking Enzymes Market: Regional Analysis
Asia Pacific is the fastest developing market owing to the increasing applications of baking enzymes. North America rules the global enzyme market owing to various consumption habits and health conscious habits of the people. North America has also invested majorly in enzyme related technologies to enhance its production.
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Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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