The global Baking Enzymes market is valued at million US$ in 2019 and will reach million US$ by the end of 2027, growing at a CAGR of during 2020-2027. The objectives of this study are to define, segment, and project the size of the Baking Enzymes market based on company, product type, end user and key regions.
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.
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.
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.
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.
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.
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.
The Baking Enzymes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Baking Enzymes market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Baking Enzymes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Baking Enzymes market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Baking Enzymes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Baking Enzymes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Baking Enzymes by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Baking Enzymes market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Baking Enzymes market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Baking Enzymes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Baking Enzymes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Baking Enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Baking Enzymes market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Baking Enzymes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Baking Enzymes market. These factors have benefited the growth of the global market for Baking Enzymes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Baking Enzymes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
In this study, the years considered to estimate the market size of Baking Enzymes are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: