Global Baking Enzymes Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030
Report ID: RC1655 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 21st, 2023The global baking enzymes market size is expected to grow at a significant CAGR of over 5% during the forecast period from 2021 to 2027. The increasing demand for bakery products around the world is a major factor to drive the market growth. The changing lifestyle of consumers, increasing disposable income, and the rising demand for on-the-go food are further anticipated to fuel the market growth. Furthermore, the growing consumption of fast food around the world such as pizza, burgers, etc, and busy lifestyle is projected to increase the demand for the product in the next upcoming years.
Market Drivers:
Increasing demand for bakery products: The demand for bakery products, including bread, cakes, pastries, and biscuits, is growing worldwide. Factors such as changing consumer lifestyles, increasing urbanization, and the influence of Western food culture drive the consumption of bakery products. Baking enzymes play a crucial role in improving the quality, texture, and shelf life of these products, meeting consumer expectations and fueling the demand for baking enzymes.
Demand for clean label and natural ingredients: Consumers are increasingly seeking bakery products made with clean label and natural ingredients. Baking enzymes offer a natural solution to improve the quality and sensory attributes of baked goods, without the need for chemical additives. They assist in dough conditioning, gluten development, and texture enhancement, contributing to clean-label product formulations. The demand for clean label and natural bakery products drives the adoption of baking enzymes.
Technological advancements in enzyme production: The baking industry benefits from continuous advancements in enzyme production technologies. These advancements result in the development of high-performance baking enzymes that offer improved functionality, specificity, and stability under different baking conditions. The availability of advanced baking enzymes with superior performance characteristics expands their applications and drives market growth.
Growing focus on product innovation and differentiation: Baking enzymes enable product innovation and differentiation in the bakery industry. Manufacturers use enzymes to develop new formulations, create unique textures, enhance flavor profiles, and extend the shelf life of bakery products. The ability of baking enzymes to address specific challenges and deliver distinctive product attributes encourages bakery manufacturers to incorporate them into their formulations, driving market growth.
Increasing demand for gluten-free and low-sugar bakery products: The rising prevalence of gluten intolerance, celiac disease, and consumer preferences for gluten-free diets drive the demand for gluten-free bakery products. Baking enzymes help improve the texture, volume, and overall quality of gluten-free baked goods by enhancing dough structure and gas retention. Additionally, baking enzymes play a role in reducing sugar content in bakery products without compromising taste or quality. The increasing demand for gluten-free and low-sugar bakery products creates opportunities for baking enzyme manufacturers.
Shift towards industrial-scale baking: The bakery industry is witnessing a shift towards large-scale industrial baking operations to meet the growing demand for bakery products. Industrial-scale baking requires efficient and consistent processing, and baking enzymes assist in optimizing dough handling, fermentation, and baking processes. The adoption of baking enzymes by large-scale bakery manufacturers drives market growth.
Stringent regulations on food safety and quality: Food safety and quality regulations impose strict standards on the bakery industry. Baking enzymes help bakery manufacturers meet these regulations by improving dough consistency, reducing acrylamide formation, and enhancing the overall quality and safety of bakery products. The need for compliance with food safety standards encourages the use of baking enzymes in the bakery industry.
Growing awareness of the health benefits of bakery products: Consumer awareness of the impact of diet on health and well-being is increasing. Baking enzymes can contribute to healthier bakery products by enabling the reduction of unhealthy fats, improving nutritional profiles, and enhancing the digestibility of bakery products. The growing awareness of the health benefits associated with bakery products drives the demand for baking enzymes.
Market Outlook:
Benchmark Year | 2022 | ||
Market Size | lock | ||
Market Growth (CAGR) | > 5% (2023 to 2030) | ||
Largest Market Share | North America | ||
Analysis Period | 2020-2030 | ||
Market Players | DowDuPont Inc., Maps Enzyme Limited, SternEnzym GmbH & Co. KG, Amano Enzyme Inc., and Royal DSM |
Market Insights:
The global baking enzymes market is bifurcated into type, application, distribution channel, and geography. On the basis of type, the market is further segmented into carbohydrase, protease, lipase, and others. The carbohydrate segment is estimated to hold a major market share and expected to grow at the same trend over the forecast period. The growing demand for convenience food, increasing awareness regarding nutritional food, and the increasing consumption of on-the-go food are some factor contributed the segment growth.
On the basis of application, the market is bifurcated into bread, cakes & pastries, cookies & biscuits, and others. The bread segment dominated the global baking enzymes market and is expected to maintain its dominance over the forecast period from 2021 to 2027. The increasing demand for fast foods such as pizza and burgers is a prominent factor to drive the segment growth. Furthermore, the increasing applications of bread in fast food are expected to propel the segment growth over the forecast period.
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The baking enzymes comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The baking enzymes market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Market Segmentation:
By Type:
- Carbohydrase
- Protease
- Lipase
- Others
By Application:
- Breads
- Cakes & Pastries
- Cookies & Biscuits
- Others
By Distribution Channel:
- Hypermarkets/Supermarkets
- E-Commerce
- Specialty Stores
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage:
Geographically, North America dominated the global baking enzymes market in 2020 and estimated to hold the largest revenue share of over one-third percent of the market. North America is estimated as the largest consumer of baking enzymes globally due to the huge demand for processed and convenience food. Furthermore, the high disposable income and busy lifestyle of the consumer is expected to fuel the market growth in North America in the near upcoming years. In contrast, Europe is expected to grow at a significant growth rate over the forecast period due to the changing dietary patterns and the rising health consciousness.
Competition Assessment
Some of the prominent market players operating in the global baking enzymes market are DowDuPont Inc., Maps Enzyme Limited, SternEnzym GmbH & Co. KG, Amano Enzyme Inc., and Royal DSM. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- DowDuPont Inc.
- Maps Enzyme Limited
- SternEnzym GmbH & Co. KG
- Amano Enzyme Inc.
- Royal DSM
- Shenzhen Leveking Bio-Engineering Co., Ltd.
- DeutscheBack GmbH & Co. KG
- AlindaVelco S.A
- AB Enzymes Gmbh
- Dydaic International Inc.
Key Questions Answered by Baking Enzymes Market Report
- Global baking enzymes market forecasts from 2021-2027
- Regional baking enzymes market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
- Baking enzymes submarket forecasts from 2021-2027 covering the market by type, by application, by distribution channel, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the baking enzymes market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level baking enzymes markets from 2021-2027
- Competitive Landscape and market positioning of top 10 players operating in the baking enzymes market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Baking Enzymes Market Portraiture
2.2. Global Baking Enzymes Market, by Type, 2020 (USD Mn)
2.3. Global Baking Enzymes Market, by Application, 2020 (USD Mn)
2.4. Global Baking Enzymes Market, by Distribution Channel, 2020 (USD Mn)
2.5. Global Baking Enzymes Market, by Geography, 2020 (USD Mn)
3. Global Baking Enzymes Market Analysis
3.1. Baking Enzymes Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
4. Global Baking Enzymes Market By Type, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Carbohydrase
4.3. Protease
4.4. Lipase
4.5. Others
5. Global Baking Enzymes Market By Application, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Breads
5.3. Cakes & Pastries
5.4. Cookies & Biscuits
5.5. Others
6. Global Baking Enzymes Market By Distribution Channel, 2018 – 2027 (USD Mn)
6.1. Overview
6.2. Hypermarkets/Supermarkets
6.3. E-Commerce
6.4. Specialty Stores
6.5. Others
7. North America Baking Enzymes Market Analysis and Forecast, 2018 – 2027 (USD Mn)
7.1.1. Overview
7.1.2. North America Baking Enzymes Market by Type (2018-2027 USD Mn)
7.1.3. North America Baking Enzymes Market by Application (2018-2027 USD Mn)
7.1.4. North America Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
7.1.5. North America Baking Enzymes Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Baking Enzymes Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Baking Enzymes Market by Application (2018-2027 USD Mn)
7.1.5.1.3. U.S. Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Baking Enzymes Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Baking Enzymes Market by Application (2018-2027 USD Mn)
7.1.5.2.3. Canada Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8. Europe Baking Enzymes Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. Europe Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.3. Europe Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.4. Europe Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8.1.5. Europe Baking Enzymes Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.5.1.3. Germany Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.5.2.3. U.K. Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.5.3.3. France Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.5.4.3. Italy Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Baking Enzymes Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Baking Enzymes Market by Application (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
9. Asia Pacific Baking Enzymes Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Asia Pacific Baking Enzymes Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Baking Enzymes Market by Application (2018-2027 USD Mn)
9.1.4. Asia Pacific Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
9.1.5. Asia Pacific Baking Enzymes Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Baking Enzymes Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Baking Enzymes Market by Application (2018-2027 USD Mn)
9.1.5.1.3. China Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Baking Enzymes Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Baking Enzymes Market by Application (2018-2027 USD Mn)
9.1.5.2.3. Japan Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Baking Enzymes Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Baking Enzymes Market by Application (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
10. Latin America (LATAM) Baking Enzymes Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. Latin America Baking Enzymes Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Baking Enzymes Market by Application (2018-2027 USD Mn)
10.1.4. Latin America Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
10.1.5. Latin America Baking Enzymes Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Baking Enzymes Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Baking Enzymes Market by Application (2018-2027 USD Mn)
10.1.5.1.3. Brazil Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Baking Enzymes Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Baking Enzymes Market by Application (2018-2027 USD Mn)
10.1.5.2.3. Mexico Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Baking Enzymes Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Baking Enzymes Market by Application (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
11. Middle East and Africa Baking Enzymes Market Analysis and Forecast, 2018 – 2027 (USD Mn)
11.1.1. Overview
11.1.2. MEA Baking Enzymes Market by Type (2018-2027 USD Mn)
11.1.3. MEA Baking Enzymes Market by Application (2018-2027 USD Mn)
11.1.4. MEA Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
11.1.5. Middle East and Africa Baking Enzymes Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Baking Enzymes Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Baking Enzymes Market by Application (2018-2027 USD Mn)
11.1.5.1.3. GCC Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Baking Enzymes Market by Type (2018-2027 USD Mn)
11.1.5.2.2. South Africa Baking Enzymes Market by Application (2018-2027 USD Mn)
11.1.5.2.3. South Africa Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Baking Enzymes Market by Type (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Baking Enzymes Market by Application (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Baking Enzymes Market by Distribution Channel (2018-2027 USD Mn)
12. Company Profiles
12.1. DowDuPont Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Maps Enzyme Limited
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. SternEnzym GmbH & Co. KG
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Amano Enzyme Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Royal DSM
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Shenzhen Leveking Bio-Engineering Co., Ltd.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. DeutscheBack GmbH & Co. KG
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. AlindaVelco S.A
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. AB Enzymes Gmbh
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Dydaic International Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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