Saudi Arabia Baking Enzymes Market Deemed to Attain USD 14.72 Million in Revenue By 2028 | Infinium Global Research

Infinium Global Research has added a new report on Saudi Arabia Baking Enzymes Market. The report covers the analysis of regional markets of Saudi Arabia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Saudi Arabia baking enzymes market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Saudi Arabia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Saudi Arabia baking enzymes market, valued at USD 9.89 million in 2021, is poised for significant growth, with projections reaching USD 14.72 million by 2028. This promising growth, at a compound annual growth rate (CAGR) of 5.87% over the forecast period, is being driven by several key factors contributing to the increased demand for baking enzymes.

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Rising Demand for Bakery Products and Organic Alternatives

The market for baking enzymes is experiencing substantial growth due to the surging demand for various bakery products, including bread, biscuits & cookies, rolls & buns, and cakes & pastries. A rapidly expanding population and evolving consumer preferences are contributing to the heightened interest in bakery items. Manufacturers are responding to this trend by developing organic baking enzymes to cater to the demand for organic bakery products.

"Consumers in Saudi Arabia are increasingly prioritizing organic food products, driven by a desire to know the ingredients in their food. Manufacturers have recognized this trend and are actively developing organic baking enzymes, propelling the growth of the market," said IGR.

Enhanced Quality and Shelf-Life of Bakery Products

Baking enzymes play a crucial role in improving the quality of bakery products, including texture, taste, and shelf-life. They are instrumental in meeting evolving consumer preferences, such as the demand for less salty and gluten-free bread, healthier options, and more flavorful bakery products. These enhancements reduce food waste and enhance consumer satisfaction.

"The market is benefiting from continuous product innovations aimed at offering bakery products that align with customer preferences. These innovations are driving the growth of baking enzymes, as they help create bakery items that are healthier, tastier, and have an extended shelf-life,".

Regulatory Challenges and Opportunities

The regulatory landscape for food additives, including baking enzymes, in Saudi Arabia is governed by the Saudi Food and Drug Authority (SFDA). SFDA regulations require all food additives to receive approval and registration before being used in the country. This ensures the safety and quality of these additives, but adherence to regulatory guidelines can pose challenges to manufacturers and users alike.

"Strict regulations and certification requirements are in place for baking enzymes, which can potentially hinder market growth. Obtaining the necessary certification from authorities is mandatory, and non-compliance could limit market access".

Food Service Sector Presents Growth Opportunities

The thriving food service sector in Saudi Arabia, driven by the flourishing tourism industry, is creating lucrative growth prospects for the baking enzyme market. The tourism sector is experiencing significant growth, with millions of pilgrims visiting holy sites in the country. Efforts to diversify the tourist base and attract visitors for various purposes are expected to transform the food service sector.

"Planned investments in the entertainment sector, including the development of entertainment destinations and the expansion of the cinema industry, are set to have a profound impact on food service offerings in Saudi Arabia. The growth of the food service sector is fueled by increasing tourism and investments in entertainment".

In November 2022, Saudi Arabia announced investments of more than USD 13 billion to develop 21 entertainment destinations across the country, indicative of the significant opportunities in the entertainment and food service sectors.

The Saudi Arabia baking enzymes market is poised for robust growth, with multiple factors contributing to its expansion, including rising demand for organic bakery products, product innovations, and the thriving food service sector.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Baking Enzymes Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Baking Enzymes Market

Chapter 4. Saudi Arabia Baking Enzymes Market by Product Type

4.1. Lipase

4.2. Protease

4.3. Others

Chapter 5. Saudi Arabia Baking Enzymes Market by Form

5.1. Powder

5.2. Liquid

Chapter 6. Saudi Arabia Baking Enzymes Market by Application

6.1. Breads

6.2. Cookies & Biscuits

6.3. Cakes & Pastries

6.4. Others

Chapter 7. Company Profiles

7.1 Futura Ingredients

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Product Portfolio

7.2 Kerry Group plc.

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Product Portfolio

7.3 International Flavors and Fragrances Inc.

7.3.1 Overview

7.3.2 Company Snapshot

7.3.3 Product Portfolio

7.4 Ecore

7.4.1 Overview

7.4.2 Company Snapshot

7.4.3 Product Portfolio

7.5 AB Enzymes

7.5.1 Overview

7.5.2 Company Snapshot

7.5.3 Product Portfolio

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/saudi-arabia/enquiry/44407

Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia baking enzymes.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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