Bakery Enzymes Market Value Set to Cross US$ 1 Bn Mark by 2021
In line with growing demand for healthier foods, consumers today want less sugar, fewer chemicals, and cleaner labels. In the bakery industry, this can include baked goods that are gluten-free, organic, or made with ancient ingredients or health-benefiting enzymes. Moreover, demand for bakery enzymes has been on a significant rise, on the account of extending shelf-life and improving texture of baked products. Future Market Insights, in its new study, estimated that the bakery enzymes market will surpass the US$ 1 Bn mark by 2021. These enzymes are garnering significant traction as a viable option to prevent spoilage of baked goods, thereby playing an active role in reducing food waste.
FREQUENTLY ASKED QUESTIONS ABOUT Bakery Enzymes Market
What are the major factors that would prominently assist the bakery enzymes market growth?
Increasing consumer inclination towards ready-to-eat and packaged food, further complemented by rise in awareness about health and wellness, continues to fuel an upsurge in consumption of bakery enzymes.
How will the bakery enzyme sales progress over the period of next decade?
An increase in the stringent regulation enforced by governments regarding clean-label and eco-friendly products continues to spur the demand for various bakery enzymes. This will predominantly drive sales of bakery enzymes at a CAGR of 5.8% over the projection period 2019 – 2029.
Which is the most preferred bakery enzyme in the global market?
Carbohydrase contributes a lion’s share to the growing size of the bakery enzyme market. It would continue to see significant uptake, as it possesses high thermal stability suitable for bakery products. Lipase has also been witnessing rise in demand.
How is bread making industry influencing bakery enzymes consumption pattern?
In line with consumer inclination towards high-quality and innovative bread products, the bread making industry is observing significant growth over the recent past. Bakery enzymes are thus witnessing a rapid change in consumption pattern, as they are responsible for improved dough handling and a rich texture.
Which are the major factors that are pulling the bakery enzyme demand?
A sizeable consumer population is allergic to bakery enzymes, if used in excess. Moreover, a measurable chunk of bakery consumers refrains from buying products that contain microorganisms-based bakery enzymes. These factors will continue to restrict consumption of bakery enzymes to a large extent.
Which region is developing lucrative growth environment for the market?
Over the next 10 years, North America will continue to lead the bakery enzyme market. Additionally, Asia Pacific (excluding Japan) will witness substantial growth owing to favorable government initiatives related to adoption of baked products that contain bakery enzymes.
Carbohydrase Remains Bestselling Category
Accounting for half of the total sales of bakery enzymes, carbohydrase continues to witness higher demand as compared to protease and lipase. In recent years, the rise of convenience, on-the-go, and better-for-you trends resulted in increased demand for innovative yet healthy food ingredients, thereby potentially raising sales of carbohydrase. This can be attributed to plant-based origin of carbohydrase, in addition to extending shelf-life of breads and cakes and helping in digesting certain types of carbs. As bakers are on the journey of producing goods that appeal to growing number of health-conscious consumers, market players are also focusing on capitalizing on protease and lipase.
North America’s Market on Upward Trajectory
North America continues to maintain its lead in the bakery enzymes market, in the view of bakery industry operators reformulating their existing baked goods and dessert selections with healthier ingredients. Growing popularity of artisanal baked goods and consumers increasingly following a healthy lifestyle in the region are leading to realignment of manufacturers’ strategies. By 2021, the market in Asia Pacific excluding Japan (APEJ) is expected to surpass the European market, as more baked foods are finding shelf space on supermarkets across the region. Consumers’ demand for better food choices along with globalization and cultural and generational shifts in the Asia is significantly contributing to the demand for bakery enzymes.
Rising Regulatory Approvals Opening Avenues for Revenue Growth
In recent years, governments from numerous countries have increasingly supporting the use of bakery enzymes, catering to consumers’ demand for clean products and subsequently boosting the market growth. With the approval of DuPont’s three bakery enzymes by the Japanese Ministry of Health, Labor, and welfare, the market has got a head start on the future. Given consideration to the extensive waste of bakery products, especially bread, manufacturers are focusing on expanding their product portfolio to enable these products to stay fresh longer without compromising the quality or taste. These factors came into play when Royal DSM introduced two maltogenic amylase enzymes in its BakeZyme portfolio in November 2019.
Carbohydrase remains highly preferred
Demand for lipase to pick pace
High application in breads
Use in cakes and pastries increases rapidly
Increasing demand for powdered form
Liquid enzymes to witness surging adoption
How Growth will Unfold
Bakers worldwide are increasingly using enzymes to improve softness, moistness, and resilience of products. Adoption of bakery enzymes for breads is accounting for relatively high revenue share, while growing application in cakes and pastries is opening a wide window of opportunities for market players. Today, consumers are increasingly embracing convenient foods, and breads are no exception. Realizing the challenges in fulfilling all consumer needs, from improve texture to longer-lasting freshness, market players are directing their investments in product innovation. Further, the on-going trend of plant-based food consumption, amid mounting concerns over animal welfare issues in F&B industry, is expected to boost the application scope of bakery enzymes.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Bakery Enzymes Market Analysis 2019 - 2029
The report on the global bakery enzymes market is intended to offer global industry assessment for 2014 - 2018 and 2019 - 2029. In this study, Future Market Insights (FMI) covers some of the chief factors that are likely to impact the demand and supply of bakery enzymes over the next couple of years. It includes detailed review of growth drivers, challenges, opportunities, and prevailing trends in the market. It therefore covers crucial information intended to help readers get a comprehensive overview of the bakery enzymes market.
Bakery Enzymes Market Taxonomy
The report segments the global bakery enzymes market in detail to present an executive-level blueprint to the reader
- Bakery and Confectionary
- Cookies and Pastries
- Cookies and Biscuits
- North America
- Latin America
- Western Europe
- Eastern Europe
The executive summary of the report covers country analysis, proprietary wheel of fortune, demand-side and supply-side trends, and opportunity assessment. Also, it offers recommendations to help companies establish a foothold in the global bakery enzymes market.
Readers can find a detailed segmentation of the overall bakery enzymes market share in this chapter. This section also highlights inclusions and exclusions to help readers understand the scope of the report.
Readers can find valuable information on the key segments within the market, besides relevant definitions in this chapter. Associated industry assessment is also carried out to study the bakery enzymes market trends, prevailing dynamics, trade analysis, and supply and value chain. Consumers’ perception on bakery enzymes is explained in consumer survey analysis and social media sentiment analysis included in this chapter.
This chapter studies the growth trajectory exhibited by the bakery enzymes market across various segments. In terms of form, the market is bifurcated into blanched and natural. On the basis of nature, the market is split between organic and conventional. Based on end use, it covers households, foodservice, industrial, cosmetic industry, and dietary supplements. In terms of distribution channel, the market is segmented into direct and indirect. On the basis of region, the report covers North America, Latin America, Western Europe, Eastern Europe, APEJ, the Middle East and Africa, and Japan.
This chapter includes a detailed analysis of the growth exhibited by the market in North America. It also offers country-wise assessment of the market that covers growth exhibited in the U.S. and Canada. Readers can also find information on prevalent trends and regulations in the North America market for almond flour.
Readers can find detailed information on prevailing trends that are impacting the growth of the Latin America bakery enzymes market. Besides this, the chapter includes results of pricing analysis. It also examines the growth prospects of the bakery enzymes market in LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
The chapter discusses various factors driving the market across Germany, France, Italy, Russia, the U.K., and the Rest of Europe.
This chapter includes a detailed analysis of the growth of the market in Asia Pacific, along with a country-wise assessment that covers China, India, Indonesia, Philippines, Australia & New Zealand, and the Rest of Asia Pacific. Readers can also find regional trends and regulations, affecting growth in countries across Asia Pacific.
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2017 - 2026.
This chapter includes a detailed analysis of the growth reported by the market in Japan. Readers can also find exclusive information on prevailing trends and regulations impacting the market’s growth in Japan.
In this chapter, readers can find detailed tier analysis and information on concentration of key players in the bakery enzymes market along with their presence analysis by region and product portfolio. Readers can also find a comprehensive list of all leading stakeholders in the market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Novozymes A/S, AB Enzymes, Kerry Group, Corbion N.V., Danisco A/S (DuPont), Advanced Enzymes, Royal DSM N.V., Caldic B.V., Amano Enzymes, BASF SE, Shenzhen Leveking, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the bakery enzymes market report.
This chapter is intended to help readers understand the research methodology followed to reach conclusions and derive important qualitative and quantitative information, about the bakery enzymes market.