New York, NY, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Bakery Enzymes Market By Form (Powder and Liquid), By Product (Carbohydrase, Protease, and Lipase), By Application (Cakes & Pastries, Breads, Cookies & Biscuits, and Flour Preparation), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018–2026”. According to the report, the global bakery enzymes market accounted for USD 0.73 billion in 2018 and is expected to reach around USD 1.18 billion by 2026, at a CAGR of 6.1% between 2019 and 2026.
Bakery enzymes are preservatives that are added to bakery products to improve their taste, texture, color, etc. These are even used to meet the changing demands of consumers like less salty, gluten-free bread, healthier and tastier bakery products. Efforts are being made to further improve the quality of these enzymes to further boost this global market.
Browse through 71 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Global Bakery Enzymes Market Size & Share 2018: Industry Type, Applications, Trends, Growth, Analysis, and Forecast to 2026”.
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The bakery enzymes market is expected to grow significantly in the years ahead, owing to the increasing demand for bakery products by the food and beverage sector. Due to the busy lifestyle of consumers, they are buying more ready-made and confectionary food items that are convenient for consumption. Moreover, the increase in the disposable income of the consumers is further driving the bakery enzymes market, as they can now afford to spend more on better quality bakery products. However, the lack of consumer awareness regarding the benefits of these enzymes may limit this market.
The bakery enzymes market is fragmented based on form, product, application, and distribution channel. According to form, the bakery enzymes market includes powder and liquid. The powder segment is more dominant in the market, as it is easy to manufacture and less costly than liquid form.
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By product, the bakery enzymes market includes proteas, carbohydrase, and lipase. Carbohydrase dominates the market and is expected to register the highest CAGR in the future. Protease enzymes are showing significant market growth, due to their increasing applications in waffles, crackers, and other bakery products, to improve texture and flavor, reduce flour protein strength, and increase dough softness.
Based on application, the bakery enzymes market can be segmented into bread, cakes and pastries, flour preparation, and cookies and biscuits. Bread dominates the market, due to its daily demand by the consumers. Bread is a part of one’s daily diet in western countries. Cakes and pastries will grow significantly, owing to the launch of new products with better taste and flavor by different brands.
Browse the full “Bakery Enzymes Market By Form (Powder and Liquid), By Product (Carbohydrase, Protease, and Lipase), By Application (Cakes & Pastries, Breads, Cookies & Biscuits, and Flour Preparation), and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/bakery-enzymes-market
Bakery enzymes market is classified on the basis of distribution channels into specialty retails, e-commerce, B2B, hypermarkets/supermarkets, and others. Growing industrialization has led to the growth of the retail sector, which has helped the hypermarkets/supermarkets segment to grow globally. Consumers across the world are moving toward online shopping, due to its reliability and home-delivery features, which will fuel the e-commerce segment in the years ahead.
North America is expected to register a significant rate of growth in the future, owing to the rapid developments witnessed in the food and beverage sector and rising bakery products demand by the regional consumers. The U.S. is the main player in the region, due to the high per capita income of the regional consumers.
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Europe is another key region in the bakery enzymes market and is expected to register a notable CAGR over the forecast time period. The UK, France, and Germany are the main players in the region, due to the rising health-conscious population in the region. Consumers are buying products that are both healthy and tasty. These bakery enzymes are contributing to this with their varied applications in the preparation of gluten-free and low-calorie bakery products.
The Asia Pacific bakery enzymes market will be among the fastest-growing regions in the future, owing to growing urbanization and modernization in the developing countries of India and China. This, in turn, has changed the dietary patterns of the regional consumers, who are buying more bakery products. The growing disposable income of the regional population is also boosting this regional market.
Latin America is expected to show moderate growth over the forecast timeline. Brazil is the main player in the region. After the economic crisis of 2016, the region’s food and beverage sector is leaving no stone unturned to stabilize the business once again. Thus, the companies are introducing better quality and a wide variety of food products, which will further boost the region’s bakery enzymes market in the future.
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The Middle East and Africa is estimated to grow moderately in the future, owing to the high per-capita income and changing lifestyles of the regional population. GCC countries have witnessed an increase in the demand for bakery products due to their new flavors and health benefits.
Some major players operating in the bakery enzymes market are Royal DSM, Amano Enzymes, Maps Enzymes, Puratos, Corbion, VEMO 99, Mirpain, AlindaVelco, Kerry Group, and Lallem.
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This report segments the bakery enzymes market as follows:
Global Bakery Enzymes Market: Form Analysis
- Powder
- Liquid
Global Bakery Enzymes Market: Product Analysis
- Carbohydrase
- Protease
- Lipase
Global Bakery Enzymes Market: Application Analysis
- Cakes and Pastries
- Bread
- Cookies and Biscuits
- Flour Preparation
Global Bakery Enzymes Market: Distribution Channel Analysis
- Hypermarkets/Supermarkets
- B2B
- E-Commerce
- Specialty Retail
- Others
Global Bakery Enzymes Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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