The Global Baking Enzymes Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Baking Enzymes Market is estimated to be $ 475 USD million and predicted to rise to $ 714.24 USD million with a CAGR of 8.5%. The market is segmented by Type (Carbohydrase, Protease, Lipase, Others), by Application (Bread, Biscuits & Cookies, Cake & Pastry). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for baking enzymes is mainly driven due to declining use of emulsifiers, uncovering of health and nutritional values and high disposable income among consumers. 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 declined due to factors like strict government rules and regulations regarding its extensive usage.
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, 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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