Baking Enzymes Market Forecasts to 2028 – Global Analysis by Product (Lipase, Carbohydrase, Protease, Other Products), Product Form (Powder, Liquid), Application (Biscuits & Cookies, Breads, Cakes & Pastries), End-user (E-Commerce, Specialty Stores, Hypermarkets/Supermarkets, Other End Users), and By Geography
According to Stratistics MRC, the Global Baking Enzymes Market is accounted for $571.53 million in 2022 and is expected to reach $906.95 million by 2028 growing at a CAGR of 8.0% during the forecast period. Catalytic agents known as enzymes can be found in yeast, fungus, mammals, plants, and other organisms. The production of food and beverage items involves the usage of important food components called enzymes. Due to their potential to enhance the texture, quality, and shelf life of baked goods, bakery enzymes are widely used in the manufacturing of many different baked goods. Bakery enzymes can also aid in enhancing oxidation, speeding up the mixing of the flour, and improving mach inability.
According to Ingredients Communication, U.S. consumers are now the most willing to pay higher prices, with around 45% stating that they would pay more than 75% for ingredients they trusted and recognized.
Market Dynamics:
Driver:
Rising demand for baked products with change in lifestyle
Because of their busy lifestyles, customers are more likely to purchase ready-made and confectionery goods that are easy to consume, particularly a variety of baked goods in the food and beverage sector. This has resulted in a rise in the demand for baking enzymes in the food industry, as consumers are becoming more interested in organic products, which is a significant driver of the market for baking enzymes.
Restraint:
Growth of enzymes is inhibited by abiotic influences.
Some abiotic elements, such pH stability and temperature, which frequently modify the biochemical reactions that improve the quality of food and beverages, limit the expansion of the enzymes market. As people's concerns about their health increase, enzyme supplements are becoming more and more popular. In addition, essential enzymes are becoming more popular. Additionally, consumers are under pressure to consume less meals containing food enzymes as a result of growing public awareness of the drawbacks of such foods. The discrepancy in food enzyme testing standards among different countries prompted the development of new EU regulations.
Threat:
Side-effects when consumed in excessive proportion
High consumption of baking enzymes, which can lead to allergies, headaches, and ulcers, is the market's biggest challenge. Additionally, changes in temperature and pH level alter an enzyme's capacity to bake, and for some parts of Europe and Asia-Pacific, the strict norms and regulations governing processing and preservation prior to distribution and sale are the main issue. Additionally, the use of GMO enzymes in bakery items results in dangerous illnesses that are resistant to antibiotics, which restricts the growth of the worldwide baking enzymes market.
Covid-19 Impact:
The COVID-19 pandemic has had a tepidly negative effect on the market. The global sale of bakery enzymes has been impeded by the announcement during the COVID-19 outbreak that a sizable percentage of the bakery and restaurant industries would be closed. The stringent lockdown also pushed producers to cut back on output, ultimately halting production. As a result, the bakery enzymes market's expansion has been constrained. However, the demand for bakery enzymes steadily rises, mostly due to the baking business, and the market quickly returns to normal.
The carbohydrase is expected to be the largest during the forecast period
The carbohydrase segment is estimated to have a lucrative growth, due to its extensive use in many different products, particularly the creation of a wide variety of baked goods. Additionally, because of their great thermal stability and capacity to enhance the texture and lengthen the shelf-life of food products, carbohydrase enzymes are a valuable addition. Furthermore, amylase is frequently employed to enhance the final baked goods' flavor, color, and loaf size. Supporting FDA-led regulatory guidelines for the GRAS clearance of amylase and carbohydrase in food items should have a favorable impact on the market for baking enzymes.
The bread segment is expected to have the highest CAGR during the forecast period
The bread segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its vast range of applications, it is one of the most consumable products in both developed and emerging nations. Since bread is a key component of many commonly consumed foods, including pizza, burgers, hot dogs, and others, it is predicted that its market will continue to grow over the projected period.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to rising consumer knowledge and a big desire for processed and convenient foods, of which baked goods are a significant component, North America continues to be the region with the highest consumption of baking enzymes. With their various uses in the creation of low-calorie and gluten-free bakery goods, bakery enzymes contribute to the trend of consumers purchasing items that are both healthy and delicious. The Baking Enzymes Market will be served by high initial capital expenditure on infrastructure and rising regional resident disposable income throughout the forecast period.
Region with highest CAGR:
South America is projected to have the highest CAGR over the forecast period, owing to increase in urbanisation and modernisation in emerging nations. This has altered the local consumer's diet, causing them to purchase more baked items. The local market is expanding as a result of the local population's rising disposable income. Due to rising retail consumption and rising use of packaged goods, South America is expected to experience rapid growth.
Key players in the market
Some of the key players in Baking Enzymes market include Novozymes A/S, Dyadic International Inc., Amano Enzyme Inc., DowDuPont Inc., Advanced Enzyme Technologies Ltd. , Maps Enzyme Limited, Engrain, SternEnzym GmbH & Co. KG, Puratos Group NV, Aum Enzymes, Enzymes GmbH , AB Enzymes GmbH, DSM , Kerry Group plc, BASF SE, BDF Ingredients, AB Enzymes GmbH, Lallemand Inc.
Key Developments:
In 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.
In June 2018, Royal DSM introduced a new product called BakeZyme AAA, in its product list of BakeZyme baking enzymes, which claims to be acting an alternative to ascorbic acid and can maintain ideal bread volume and texture.
In June 2018, DuPont Health and Nutrition announced the launch of a new enzyme strengthening solution, POWER Bake 6000; that can add consistency and tolerance in buns and breads. This can be used in combination with other ingredients or enzymes for applications in production of various bakery goods.
Products Covered:
• Lipase
• Carbohydrase
• Protease
• Phytases
• Polymerases & Nucleases
• Catalases
• Other Products
Forms Covered:
• Powder
• Liquid
Applications Covered:
• Fuel Biscuits & Cookies
• Breads
• Cakes & Pastries
End Users Covered:
• E-Commerce
• Specialty Stores
• Hypermarkets/Supermarkets
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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