Worldwide Bakery Enzymes Market 2018 to 2023 – Market Size, Growth, Industry Segments, Competitor Landscape, Key Players, Trends and Forecasts

Market Definition:
Bakery enzymes are used for the production of bread and biscuits as well as other bakery products. The most commonly used bakery enzymes include carbohydrates, proteases, lipases, and others. Each enzyme has its own functionality such as carbohydrates are used to hydrolyze carbohydrates, proteases are used to hydrolyze proteins, whereas lipases affect the fats and oils in the product. These enzymes have various benefits such as they uniform flour performance, provide high dough stability, and improves the freshness of the product and many more.

Market Scenario:
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.

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.

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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.)

Key Findings:
Denmark, the U.S., Germany, the Netherlands, and China are the major exporters of bakery enzymes market

The U.S., Italy, Switzerland, France, and Denmark are the major importers of Germany bakery enzymes market

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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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