Bakery Enzymes Market to Reach $975.3 Million by 2030, Fueled by Global Rise in Bakery Industry and Consumer Preference for Packaged Bakery Products

According to a new report published by Allied Market Research, titled, "Bakery enzymes market by product type, application: global opportunity analysis and industry forecast, 2021-2030," The global bakery enzymes market size was valued at $448.3 million in 2020, and is projected to reach $975.3 million by 2030, registering a CAGR of 6.2% from 2021 to 2030. Rise in bakery industry globally has driven the growth of the bakery enzymes market. This is attributable to surge in consumption of bakery products, especially the packaged variety.

▶️ 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲/𝗧𝗢𝗖 https://www.alliedmarketresearch.com/request-sample/14737

Bakery enzyme is one of the categories of enzyme that is majorly added to enhance texture of dough, gas retention, and crumb softness to manufacture breads and other bakery products such as pastry and biscuits, to produce softness in cake making, and to mitigate acrylamide formation in bakery products. The bakery industry possesses high growth potential, and is anticipated to garner a remarkable position in the food processing sector.

This is attributed to surge in demand for bakery items majorly bread, owing to busy lifestyle and increase in preference for fresh & ready-to-eat breakfast food. Surge in consumption of bakery products, especially the packaged variety, has increased the overall growth of the market, in terms of value sales. Rapid urbanization, increment in disposable income of population, rise in trend of bread & cakes among millennials, developments in bakery, and continuously changing buyer inclination drive the demand for bakery enzymes from the bakery industry.

▶️ 𝗦𝗽𝗲𝗮𝗸 𝘄𝗶𝘁𝗵 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 https://www.alliedmarketresearch.com/connect-to-analyst/14737

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. Depending on form, the market is bifurcated into powder and liquid. By application, it is segregated 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).

On the basis of product, the others bakery enzymes segment accounted for the highest bakery enzymes market share in 2020. This is attributed to various advantages of these bakery enzymes including less energy requirement, reaction specificity, and stability of generated products. This, in turn, have escalated the demand for these types of bakery enzymes, thus contributing towards the growth of the market in terms of value sales. However, the lipase segment in the market is expected to grow at the highest rate during the forecast period.

𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆

⇒ By product type, the others segment accounted for the highest share in 2020.

⇒ On the basis of form, the powder segment accounted for the highest bakery enzymes market share in 2020, growing at a CAGR of 6.9% from 2021 to 2030.

⇒ Depending on application, the bread segment accounted for the highest market share in 2020, growing at a CAGR of 6.5% from 2021 to 2030.

⇒ Region wise, North America occupied the maximum share in the market in 2020, and is expected to be the dominating segment during the bakery enzymes market forecast period.

▶️ 𝗚𝗲𝘁 𝗙𝗶𝗻𝗮𝗹-𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 https://www.alliedmarketresearch.com/checkout-final/077c2c450521303f77d07d1e5ece66ce

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.

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.

𝗧𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗳𝗼𝗼𝗱 𝗽𝗮𝗰𝗸𝗮𝗴𝗶𝗻𝗴 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗿𝗲 :
➡️ oninklijke 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
➡️ Kerry Group PLC

▶️ 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 https://www.alliedmarketresearch.com/purchase-enquiry/14737

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).

▶️ 𝐒𝐨𝐦𝐞 𝐏𝐨𝐢𝐧𝐭

👉 The others segment dominates the global bakery enzymes market and is expected to retain its dominance throughout the forecast period.

👉 The Powder segment dominates the global bakery enzymes market and is expected to retain its dominance throughout the forecast period.

👉 The breads segment dominates the global bakery enzymes market and is expected to retain its dominance throughout the forecast period.

👉 The North America segment dominates the global bakery enzymes market and is expected to retain its dominance throughout the forecast period.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬

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