The Latin America, Middle East and Africa Bakery Enzymes Market would witness market growth of 10.2% CAGR during the forecast period (2021-2027).
Enzymes also help to slow down the rate at which bread deteriorates due to starch changing throughout storage. Improvements in nutritional value, higher shelf life, and product freshness are some of the reasons for including enzymes in the bakery products. Bread, an extremely common food product, is consumed on a wide-scale in urban areas due to its convenience and easy availability.
Some of the growth catalysts for bakery enzymes are growing urbanization, rising employment rate of women around the world, and demand for different cake designs such as sheet cakes, tiered cakes, layer cakes, and wedding cakes. Also, there has been a rise in the trend of bakery products such as buns, cakes, pastries, bread, rolls, cookies, and many other products among the millennials. People of all ages prefer bakery products as they are not limited to any specific age group.
The Minister of Agriculture of Nigeria took major steps to further strengthen the bakery industry in the region. The ministry spent a huge investment to strengthen the cassava flour supply in the country replacing the wheat flour. These steps increased both the manufacturing and supply of cassava bread in the region and also training would be given to Small and Medium Scale Entrepreneurs and others to produce high-quality baked products with the best ingredients and equipment provided. Bakery items have been popular among all demographics, regardless of age or economic status. Hence, these factors are anticipated to create lucrative growth opportunities for the players operating in the regional bakery enzymes market during the forecasting period.
The Brazil market dominated the LAMEA Bakery Enzymes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $19.5 million by 2027. The Argentina market is poised to grow at a CAGR of 11.1% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 9.6% during (2021 - 2027).
Based on Product Type, the market is segmented into Lipase, Protease and Other Types. Based on Application, the market is segmented into Breads, Cookies & Biscuits, Cakes & Pastries and Other Applications. Based on Form, the market is segmented into Powder and Liquid. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bakery Enzymes Market is Predict to reach $868.1 million by 2027, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Koninklijke DSM N.V., Kerry Group PLC, DuPont de Nemours, Inc., Associated British Foods PLC (Wittington Investments Limited), Novozymes A/S, Advanced Enzyme Technologies Limited, Amano Enzyme, Inc., Sternenzym GMBH & CO. KG, and Lallemand, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Lipase
- Protease
- Other Types
By Application
- Breads
- Cookies & Biscuits
- Cakes & Pastries
- Other Applications
By Form
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Koninklijke DSM N.V.
- Kerry Group PLC
- DuPont de Nemours, Inc.
- Associated British Foods PLC (Wittington Investments Limited)
- Novozymes A/S
- Advanced Enzyme Technologies Limited
- Amano Enzyme, Inc.
- Sternenzym GMBH & CO. KG
- Lallemand, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Bakery Enzymes Market, by Product Type
1.4.2 LAMEA Bakery Enzymes Market, by Application
1.4.3 LAMEA Bakery Enzymes Market, by Form
1.4.4 LAMEA Bakery Enzymes Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2020, Dec) Leading Players
Chapter 4. LAMEA Bakery Enzymes Market by Product Type
4.1 LAMEA Lipase Market by Country
4.2 LAMEA Protease Market by Country
4.3 LAMEA Other Types Market by Country
Chapter 5. LAMEA Bakery Enzymes Market by Application
5.1 LAMEA Breads Market by Country
5.2 LAMEA Cookies & Biscuits Market by Country
5.3 LAMEA Cakes & Pastries Market by Country
5.4 LAMEA Other Applications Market by Country
Chapter 6. LAMEA Bakery Enzymes Market by Form
6.1 LAMEA Powder Market by Country
6.2 LAMEA Liquid Market by Country
Chapter 7. LAMEA Bakery Enzymes Market by Country
7.1 Brazil Bakery Enzymes Market
7.1.1 Brazil Bakery Enzymes Market by Product Type
7.1.2 Brazil Bakery Enzymes Market by Application
7.1.3 Brazil Bakery Enzymes Market by Form
7.2 Argentina Bakery Enzymes Market
7.2.1 Argentina Bakery Enzymes Market by Product Type
7.2.2 Argentina Bakery Enzymes Market by Application
7.2.3 Argentina Bakery Enzymes Market by Form
7.3 UAE Bakery Enzymes Market
7.3.1 UAE Bakery Enzymes Market by Product Type
7.3.2 UAE Bakery Enzymes Market by Application
7.3.3 UAE Bakery Enzymes Market by Form
7.4 Saudi Arabia Bakery Enzymes Market
7.4.1 Saudi Arabia Bakery Enzymes Market by Product Type
7.4.2 Saudi Arabia Bakery Enzymes Market by Application
7.4.3 Saudi Arabia Bakery Enzymes Market by Form
7.5 South Africa Bakery Enzymes Market
7.5.1 South Africa Bakery Enzymes Market by Product Type
7.5.2 South Africa Bakery Enzymes Market by Application
7.5.3 South Africa Bakery Enzymes Market by Form
7.6 Nigeria Bakery Enzymes Market
7.6.1 Nigeria Bakery Enzymes Market by Product Type
7.6.2 Nigeria Bakery Enzymes Market by Application
7.6.3 Nigeria Bakery Enzymes Market by Form
7.7 Rest of LAMEA Bakery Enzymes Market
7.7.1 Rest of LAMEA Bakery Enzymes Market by Product Type
7.7.2 Rest of LAMEA Bakery Enzymes Market by Application
7.7.3 Rest of LAMEA Bakery Enzymes Market by Form
Chapter 8. Company Profiles
8.1 BASF SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.2 Koninklijke DSM N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.1 Recent strategies and developments:
8.2.1.1 Acquisition and Mergers:
8.2.1.2 Product Launches and Product Expansions:
8.3 Kerry Group PLC
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 DuPont de Nemours, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Associated British Foods PLC (Wittington Investments Limited)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.6 Novozymes A/S
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Advanced Enzyme Technologies Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Acquisition and Mergers:
8.8 Amano Enzyme, Inc.
8.8.1 Company Overview
8.9 Sternenzym GmbH & CO. KG
8.9.1 Company Overview
8.10. Lallemand, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
8.10.2.2 Product Launches and Product Expansions:
TABLE 1 LAMEA Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Bakery Enzymes Market
TABLE 4 Product Launches And Product Expansions– Bakery Enzymes Market
TABLE 5 Acquisition and Mergers– Bakery Enzymes Market
TABLE 6 LAMEA Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 7 LAMEA Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 8 LAMEA Lipase Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Lipase Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Protease Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Protease Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Other Types Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Other Types Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 15 LAMEA Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 16 LAMEA Breads Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Breads Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Cookies & Biscuits Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Cookies & Biscuits Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Cakes & Pastries Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Cakes & Pastries Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 25 LAMEA Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 26 LAMEA Powder Market by Country, 2017 - 2020, USD Million
TABLE 27 LAMEA Powder Market by Country, 2021 - 2027, USD Million
TABLE 28 LAMEA Liquid Market by Country, 2017 - 2020, USD Million
TABLE 29 LAMEA Liquid Market by Country, 2021 - 2027, USD Million
TABLE 30 LAMEA Bakery Enzymes Market by Country, 2017 - 2020, USD Million
TABLE 31 LAMEA Bakery Enzymes Market by Country, 2021 - 2027, USD Million
TABLE 32 Brazil Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 33 Brazil Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 34 Brazil Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 35 Brazil Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 36 Brazil Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 37 Brazil Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 38 Brazil Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 39 Brazil Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 40 Argentina Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 41 Argentina Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 42 Argentina Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 43 Argentina Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 44 Argentina Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 45 Argentina Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 46 Argentina Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 47 Argentina Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 48 UAE Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 49 UAE Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 50 UAE Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 51 UAE Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 52 UAE Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 53 UAE Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 54 UAE Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 55 UAE Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 56 Saudi Arabia Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 57 Saudi Arabia Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 58 Saudi Arabia Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 59 Saudi Arabia Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 60 Saudi Arabia Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 61 Saudi Arabia Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 62 Saudi Arabia Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 63 Saudi Arabia Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 64 South Africa Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 65 South Africa Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 66 South Africa Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 67 South Africa Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 68 South Africa Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 69 South Africa Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 70 South Africa Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 71 South Africa Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 72 Nigeria Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 73 Nigeria Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 74 Nigeria Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 75 Nigeria Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 76 Nigeria Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 77 Nigeria Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 78 Nigeria Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 79 Nigeria Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 80 Rest of LAMEA Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 81 Rest of LAMEA Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 82 Rest of LAMEA Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 83 Rest of LAMEA Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 84 Rest of LAMEA Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 85 Rest of LAMEA Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 86 Rest of LAMEA Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 87 Rest of LAMEA Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 88 Key Information – BASF SE
TABLE 89 Key Information – Koninklijke DSM N.V.
TABLE 90 Key Information – Kerry Group PLC
TABLE 91 Key Information –DuPont de Nemours, Inc.
TABLE 92 Key Information – Associated British Foods PLC
TABLE 93 key Information – Novozymes A/S
TABLE 94 Key Information – Advanced Enzyme Technologies Limited
TABLE 95 Key Information – Amano Enzyme, Inc.
TABLE 96 Key Information – Sternenzym GMBH & CO. KG
TABLE 97 key Information – Lallemand, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2020, Dec) Leading Players
FIG 5 Recent strategies and developments: Koninklijke DSM N.V.
FIG 6 Recent strategies and developments: Lallemand, Inc.