A recent report published by Infinium Global Research on the baking enzymes market provides an in-depth analysis of segments and sub-segments in the global as well as regional baking enzymes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional baking enzymes market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global baking enzymes market. According to the report, the global baking enzymes market is projected to grow at a CAGR of over 6% over the forecast period of 2022-2028.
The global baking enzymes market was valued at over USD 450 million in 2022 and is expected to reach nearly USD 700 million in 2028, with a CAGR of over 6% during the forecast period. Owing to the increase in demand for bakery products around the world, particularly in developed markets, it is predicted that the market for bakery enzymes would grow quickly over the forecast period. Due to their wide range of useful features, bakery enzymes are anticipated to be used more frequently in the manufacture of baked goods, which is anticipated to fuel market expansion. 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 baked goods' texture, quality, and shelf life, bakery enzymes are widely used in the creation of many different baked goods. Additionally, bakery enzymes can help with machinability, flour mixing time, and increasing oxidation.
The demand for baked goods is rising due to rising convenience and processed food consumption around the world, which is also anticipated to support the market for bakery enzymes. Bakery enzymes are expected to experience rapid expansion due to the introduction of new and innovative products by major market participants as well as an increase in their use in baked goods to achieve perfect texture and flavor. Additionally, it is anticipated that changing eating patterns and rising per capita income would support market expansion. Consuming too much bread, cookies, and other bakery goods may have a bad impact on one's health, which is expected to impede the market's expansion for bakery enzymes. Furthermore, the market growth during the projection period may be hampered by strict regulatory regulations on the use and commercialization of food enzymes.
Due to the huge consumption of baked goods by the population-based in North America, particularly in the U.S., North America is predicted to dominate the worldwide bakery enzymes market. The growth of the North American bakery enzymes market is anticipated to be fueled by rising consumer inclination toward processed and convenience food products, of which baked goods make up a significant portion. Asia Pacific is anticipated to expand quickly over the coming years as a result of the region's burgeoning food processing industry and the rising populations of its major economies, including India and China. The market for bakery enzymes is also anticipated to grow as a result of more product launches in the Asia Pacific region and increased governmental support for their use in baked goods.
The report on the global baking enzymes market covers segments such as product type, form, and application. On the basis of product type, the sub-markets include lipase, protease, and others. On the basis of form, the sub-markets include powder, and liquid. On the basis of application, the sub-markets include breads, cookies & biscuits, cakes & pastries, and others.
The report provides profiles of the companies in the market such as Koninklijke DSM N.V., Enmex, Novozymes A/S, Maps Enzymes Ltd., SternEnzym GmbH & Co. KG, AB Enzymes, Associated British Foods plc, Advanced Enzyme Technologies, BASF SE, and Kerry Group plc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the baking enzymes market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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