Press release
Global Bakery Enzymes Market is projected to grow at a CAGR over 8.4% during the period 2017- 2023
Globally, bakery enzymes are witnessing high demand. The rising demand for bakery-based products such as bread and cookies is supporting the growth of the global bakery enzymes market. The benefits of the bakery enzymes are likely to act as the driver for this market.
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Changing lifestyle followed by growing consumption of convenience products is boosting the growth of bakery enzymes market. Moreover, increasing concern of obesity among the population and inclination towards healthy diet is influencing innovation in bakery products for low tran’s fats and gluten-free products which are likely to increase the demand for bakery enzymes. Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the bakery enzymes market during the forecast period, 2017-2023.
Key Players
Some of the key players profiled in the global bakery enzymes market: Royal DSM (The Netherlands), Novozymes (Denmark), AB Enzymes Gmbh (Germany), Stern Enzym (Germany), Aumenzymes (India), Dydaic International Inc. (U.S.), DuPont (U.S.)
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Regional Analysis
The global bakery enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market followed by Europe. Asia Pacific is the fastest growing region for bakery enzymes market in which emerging markets of India and China are the major contributors.
In North America owing to the busy work schedule, the majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of bakery products in this region. In Europe, the U.K, Germany, and France are the major contributors to bakery enzymes market. Rapid innovation in bakery industry with product diversification will boost the growth of bakery enzymes in rest of the world.
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