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Bakery Enzymes Market Is Likely to Experience a Tremendous Growth by 2030 | Koninklijke DSM N.V. , Lallemand Inc., Novozymes A/S
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Expansion of the bakery industry, rise in consumer demand for convenience food across the world, and increase in number of quick service restaurants drive the growth of the global bakery enzymes market. On the other hand, potential threat of substitutes and allergies to protease curtail the growth to some extent. Nevertheless, product innovation and upsurge in demand for bakery enzymes in the emerging markets are anticipated to create lucrative opportunities in the industry.
Regional Outlook:
The global bakery enzymes market is segmented into product type, form, application, and region. On the basis of product, the market is classified into lipase, protease, and others. By form, the market is bifurcated into powder and liquid. Depending on application, it is categorized into breads, cookies & biscuits, cakes & pastries, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and rest of LAMEA).
Leading Key Players
Companies can operate in a highly competitive market by introducing new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for partnership strategies to strengthen their foothold in the market. To understand the key bakery enzymes market trends, strategies of leading players are analyzed in the report. Some of the key players in the bakery enzymes market analysis includes Koninklijke DSM N.V. , Lallemand Inc., Novozymes A/S, Maps Enzymes Limited , SternEnzym GmbH & Company KG, Dyadic International, Inc., Associated British Foods Plc. , Advanced Enzymes, BASF SE, and Kerry Group, PLC.
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Based on form, the powder segment accounted for nearly three-fourths of the total market revenue in 2020, and is expected to lead the trail by 2030. The liquid segment, on the other hand, would cite the fastest CAGR of 7.9% during the forecast period.
Change in food habits and busy lifestyle of consumers, surge in disposable income, increase in working women population, and rapid digitization result in rise in number of quick service restaurants, thus increasing the demand for bakery products majorly breads & buns from these restaurants. Thus, rise in demand for bakery products has driven the need for bakery enzymes, which notably contribute toward the bakery enzymes market growth.
Reason to Buy:
β Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Bakery Enzymes Market.
β Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
β The key findings and recommendations highlight crucial progressive industry trends in the Bakery Enzymes Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
β Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
β Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
β Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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The outbreak of coronavirus has negatively impacted the bakery enzymes industry along with all stages of the supply chain and value chain. The supply chains today are far more complex as compared to what they were a decade ago. The COVID-19 pandemic has not only hampered the production facilities but has also disrupted the supply chains such, as material suppliers and distributors of the bakery enzymes market globally, resulting in loss of the business in terms of value sales.
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Chilled and Deli Food Market - https://www.alliedmarketresearch.com/chilled-and-deli-food-market
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Organic Dairy Food and Drinks Market - https://www.alliedmarketresearch.com/organic-dairy-food-and-drinks-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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