Published Date: 24-Jan-2022
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According to a new report Global Bakery Enzymes Market, published by KBV research, The Global Bakery Enzymes Market size is expected to reach $868.1 million by 2027, rising at a market growth of 9.3% CAGR during the forecast period.
The Other Types market dominated the Global Bakery Enzymes Market by Product Type in 2020, thereby growing at a CAGR of 9.8% during the forecast period. Factors such as low requirement of energy, reaction specificity, and stability of final products are responsible for the growth of this segment. Moreover, these enzymes could enhance crumb structure and softness of baked products, which would increase the demand over the forecasting period.
The Breads market dominated the Global Bakery Enzymes Market by Application in 2020 thereby, growing at a CAGR of 8.4% during the forecast period. As bread is a convenience food, its consumption has increased significantly around the world. Factors such as utilization of bread as staple food by many households and high fiber and protein content in bread are acting as growth catalysts for the segment.
The Powder market dominated the Global Bakery Enzymes Market by Form in 2020, thereby, growing at a CAGR of 9.1% during the forecast period. Bakery enzymes in the powder form are highly preferred by the end-users of enzymes such as bakery industry and food service industry. The demand for powder form bakery enzymes is high as liquid state is not easy to handle & sensitive, and mostly causes spillage.
The North America market dominated the Global Bakery Enzymes Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $310.5 million by 2027. The Europe market is anticipated to grow at a CAGR of 9% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 10.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/bakery-enzymes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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