Baking Enzymes Market is likely to grow with a high CAGR by 2024

Baking Enzymes Market Analysis Report, Regional Outlook U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024.Global Baking Enzymes Market size may register strong gains over the foreseeable timeframe shift in consumption pattern towards bakery and confectionery preparations including cookies, cakes, pastries and bread. It is a chemical which acts as a catalyst by performing biochemical actions for baking.

Baking enzymes are manufactured by microbial and fungal fermentation in presence of water and nutrients. Extra enzymes added to the baking dough improves the control of process, reduces process time and compensates for flour variability and substituting chemical additives. In addition, it enhances loaf volume, shelf life, storage stability and crumb firmness in breadmaking. Growing frozen food demand owing to convenience and easy availability should fuel product demand.

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Global bakery products market is poised to surpass USD 535 billion by 2024. Positive indicators towards retail outlet and fast food chains growth has promoted bakery products demand in foods like pizza, burgers, and sandwiches which is likely to drive baking enzymes market size. These products improve appearance, texture and generate appealing color and flavors in bakery products thereby stimulating baking enzymes demand.

Baking enzymes finds application in cakes & pastries to extend shelf life and results in finer crumb structure. It also helps in enhancing softness which simplifies logistics and warehousing along with increasing consumers satisfaction and mouth feel. Rise in consumer spending on food products supported by increasing innovations in product offering should positively favor industry growth.

Carbohydrase baking enzymes helps in catalyzing breakdown of carbohydrates into simple sugar. This class of products includes amylase, hemicellulose and xylanase. Amylase is widely used for baking to improve loaf size, overall texture, color and taste of the finished products. Supporting regulatory standards led by FDA pertaining to GRAS approval of carbohydrase and amylase in food products should have positive influence on baking enzymes demand.

Protease baking enzymes may witness strong gains due to strong application in crackers, waffles, bread and baked goods to improve flavor and texture. It is widely used in production of pizza crust. Exoprotease hydrolyzes in to small amino acids which increases color and flavor in bakery products. It also helps in reducing flour protein strength, thus minimizing mixing time and elasticity of the dough along with increasing dough softness.

Lipase is naturally found in nature and are also present in all cereal grains. It has low affinity towards short chain fatty acids which reduces the risk of off -flavor formation in the products, thus, facilitating prolonged storage along with promoting use of milk and butter fat in bakery goods. Increasing demand for greater safety and consistent taste products may drive baking enzymes demand.

Stringent regulatory norms led by EU Commission pertaining to permissible quantities, consumer safety, authorized use and declaration on labels mainly for European market may challenge industry profitability. These regulatory standards have led to increase in compliance cost of the product thereby affecting baking enzymes market price trend.

North America driven by the U.S. baking enzymes market may register strong gains change in lifestyle supported by increase in working population may favor regional industry growth. Technological advancements including encapsulation techniques for the product to achieve enhance effects supported by presence of various major industry players may drive regional industry growth.

Europe led by France, UK, and Germany baking enzymes market may witness significant gains over the forecast timeframe. Growing demand for packaged and process food has promoted longer shelf life products thereby contributing towards regional product demand.

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Asia Pacific driven by India, Japan, and China baking enzymes market may grow significantly owing to easy availability and low cost of packaged food supported by rising economic standards. Strict regulatory amendments mainly in China pertaining to restrictions on use of chemical whiteners and flavor enhancers in bakery products which is likely to promote regional product demand.

In June 2017, DuPont launched three baking enzymes including PowerFresh and Powersoft mainly in Japan market.  These products are based on G4 amylase enzymes technology which has anti- staling properties. This helps in improving bakery freshness throughout shelf life with better cost advantage.

DSM has developed gluten free baking enzymes with similar softness and longer life span. Increasing consumer health consciousness has resulted in consumer focus towards gluten free labelling products to improve dietary habits which may further drive industry growth.

Global baking enzymes market share is competitive and moderately fragmented with major industry players include AB Enzymes, DuPont, DSM, Novozymes, Stren, Maps Ltd, Aumeenzymes, Dydaic International and Amano enzyme. Other players include Puratos Group, engrain, and Advanced enzymes. Companies are heavily investing in research to develop encapsulation technologies to achieve desired effects supported by novel product development.

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