The global bakery enzymes market size was US$ 1.0 billion in 2021. The global bakery enzymes market is forecast to grow to US$ 2.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Bakery enzymes are ingredient solutions and preservation systems that enable bakers to develop products with reduced salt, acrylamide, additives, emulsifiers, and gluten-free bread. Moreover, it also maintains the quality of baked goods and snacks.
Factors Influencing the Market
Baking exzymes are widely used globally to make delicious baked goods. The rising demand for appealing baked goods will drive the growth of the bakery enzymes market.
Scientific interest and rigorous analysis in the bakery goods industry will also drive innovations in the market. As a result, it will contribute to the growth of the global bakery enzymes market. In addition to that, the rising population and increasing consumption of bread will escalate the growth of the bakery enzymes market.
Growing demand for high-quality bread with a longer shelf life will offer ample growth opportunities for the bakery enzymes market. Further, the busy lifestyle of people and the growing use of ready-made products will also benefit the bakery enzymes market during the analysis period. On the flip side, health issues associated with the use of bakery enzymes may limit the growth of the market during the study period.
COVID-19 Impact Analysis
During the COVID-19 pandemic, the demand for ready-to-eat products increased. As a result, it also offered lucrative growth opportunities for the bakery enzymes market. On the flip side, the market witnessed a drastic negative impact due to the shutdown of retail stores. Various governments declared a nationwide lockdown, which led to challenges for the manufacturing units. The notable proportion recorded a sharp drop in terms of sales. Production output also decreased steeply, which impeded the growth of the bakery enzymes industry.
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Regional Analysis
The bakery enzymes market is forecast to record the highest growth in Europe, owing to the presence of a vast range of confectionaries, biscuits, cakes, and cookies manufacturing units. Furthermore, the growing consumption of baked goods and the busy lifestyles of people will drive the demand for bakery enzymes during the study period. The Asia-Pacific bakery enzymes market is forecast to record a substantial growth rate due to the large population of the region. In addition, the rising number of confectionaries offering baked goods will also contribute to the growth of this regional market during the analysis period.
Competitors in the Market
? Corbion N.V
? Danisco A/S
? Kerry Group
? Lallemand Inc.
? Novozymes
? Puratos Group
? Advanced Enzymes Technology Limited
? BASF SE
? BDF Ingredients
? Other Prominent Players
Market Segmentation
The global bakery goods market segmentation focuses on Type, Application, and Region.
By Type
? Carbohydrates
? Proteases
? Lipases
? Others
By Application
? Bread & rolls
? Biscuits & cookies
? Cakes & pastries
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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