The North America Bakery Enzymes Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Enzymes are the natural minerals that are found in animals and plants. These minerals are gaining importance in the food processing industry because of their numerous benefits and qualities. As there has been a shift in consumer preferences in the last few years, product innovation has become increasingly important in this market. Consumers are more aware of health and nutrition. As a result, bakers have come up with new healthy baked goods options to appeal to consumers. Growing awareness among the consumers has allowed them to invest in chemical-free and nutrition-rich products.
With the help of bakery enzymes, makers of baked goods can quickly fulfill the demand of consumer for less salt, additives, acrylamide, gluten-free, and emulsifiers while maintaining the taste of baked goods and snacks. In the modern era, consumers are looking for baked goods that are tastier, healthier, and have more variety and value.
According to the data shared by Government of Canada, there were approximately 2,760 bakeries across the Canada, and it is the second biggest employer in the food and beverage industry. Moreover, the number also showcases the growing demand for bakery enzymes due to the increased consumption and demand of baked products. Breads such as bagels, toast, and English muffins are witnessing high demand across the US and Canada. The US bakery market has seen a hike in popularity for the portable and single-serve packaging. Hence, these factors are anticipated to boost the growth of regional bakery enzymes market during the forecasting period.
The US market dominated the North America Bakery Enzymes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $224 million by 2027. The Canada market is anticipated to grow at a CAGR of 11% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 10% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bakery Enzymes Market is Estimated to Reach USD 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Bakery Enzymes Market, by Product Type
1.4.2 North America Bakery Enzymes Market, by Application
1.4.3 North America Bakery Enzymes Market, by Form
1.4.4 North America 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. North America Bakery Enzymes Market by Product Type
4.1 North America Lipase Market by Country
4.2 North America Protease Market by Country
4.3 North America Other Types Market by Country
Chapter 5. North America Bakery Enzymes Market by Application
5.1 North America Breads Market by Country
5.2 North America Cookies & Biscuits Market by Country
5.3 North America Cakes & Pastries Market by Country
5.4 North America Other Applications Market by Country
Chapter 6. North America Bakery Enzymes Market by Form
6.1 North America Powder Market by Country
6.2 North America Liquid Market by Country
Chapter 7. North America Bakery Enzymes Market by Country
7.1 US Bakery Enzymes Market
7.1.1 US Bakery Enzymes Market by Product Type
7.1.2 US Bakery Enzymes Market by Application
7.1.3 US Bakery Enzymes Market by Form
7.2 Canada Bakery Enzymes Market
7.2.1 Canada Bakery Enzymes Market by Product Type
7.2.2 Canada Bakery Enzymes Market by Application
7.2.3 Canada Bakery Enzymes Market by Form
7.3 Mexico Bakery Enzymes Market
7.3.1 Mexico Bakery Enzymes Market by Product Type
7.3.2 Mexico Bakery Enzymes Market by Application
7.3.3 Mexico Bakery Enzymes Market by Form
7.4 Rest of North America Bakery Enzymes Market
7.4.1 Rest of North America Bakery Enzymes Market by Product Type
7.4.2 Rest of North America Bakery Enzymes Market by Application
7.4.3 Rest of North America 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 North America Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 7 North America Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 8 North America Lipase Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Lipase Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Protease Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Protease Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Other Types Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Other Types Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 15 North America Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 16 North America Breads Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Breads Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Cookies & Biscuits Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Cookies & Biscuits Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Cakes & Pastries Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Cakes & Pastries Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 25 North America Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 26 North America Powder Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Powder Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Liquid Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Liquid Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Bakery Enzymes Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Bakery Enzymes Market by Country, 2021 - 2027, USD Million
TABLE 32 US Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 33 US Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 34 US Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 35 US Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 36 US Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 37 US Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 38 US Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 39 US Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 40 Canada Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 41 Canada Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 42 Canada Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 43 Canada Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 44 Canada Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 45 Canada Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 46 Canada Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 47 Canada Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 48 Mexico Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 49 Mexico Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 50 Mexico Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 51 Mexico Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 52 Mexico Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 53 Mexico Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 54 Mexico Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 55 Mexico Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 56 Rest of North America Bakery Enzymes Market, 2017 - 2020, USD Million
TABLE 57 Rest of North America Bakery Enzymes Market, 2021 - 2027, USD Million
TABLE 58 Rest of North America Bakery Enzymes Market by Product Type, 2017 - 2020, USD Million
TABLE 59 Rest of North America Bakery Enzymes Market by Product Type, 2021 - 2027, USD Million
TABLE 60 Rest of North America Bakery Enzymes Market by Application, 2017 - 2020, USD Million
TABLE 61 Rest of North America Bakery Enzymes Market by Application, 2021 - 2027, USD Million
TABLE 62 Rest of North America Bakery Enzymes Market by Form, 2017 - 2020, USD Million
TABLE 63 Rest of North America Bakery Enzymes Market by Form, 2021 - 2027, USD Million
TABLE 64 Key Information – BASF SE
TABLE 65 Key Information – Koninklijke DSM N.V.
TABLE 66 Key Information – Kerry Group PLC
TABLE 67 Key Information –DuPont de Nemours, Inc.
TABLE 68 Key Information – Associated British Foods PLC
TABLE 69 key Information – Novozymes A/S
TABLE 70 Key Information – Advanced Enzyme Technologies Limited
TABLE 71 Key Information – Amano Enzyme, Inc.
TABLE 72 Key Information – Sternenzym GMBH & CO. KG
TABLE 73 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.