Enzymes enhances quality of bakery products and the application of enzymes in production of bakery products is extensive. The global bakery enzymes market is projected to have a prominent growth over the estimated time period, owing to new innovations in biotechnology, rapid urbanization and growing consumption of convenience food.
The global bakery enzymes market is segmented on the basis of type, origin, end-use application, and region. On the basis of type, the market is segmented into Carbohydrase, Glucose oxidase, Lipase, Lipoxygenase, Protease, Asparaginase. The Carbohydrase segment is dominating in the global bakery enzymes market currently, and is expected to continue its dominance over the forecast period, owing to its various applicability in the production of bakery products due to its properties that help in maintaining volume and texture, retaining aroma, reducing starch retrogradation, etc.
On the basis of origin, the target market is segmented into GMO and non-GMO. GMO are genetically modified enzymes.
Based on end-use application, the global market is segmented into breads, cakes, biscuits, crackers, cookies, pies, tortillas. The breads segment is estimated to dominate in the global market, and is expected to continue its dominance over the forecast period, due to increasing demand for breads in developed as well as developing countries.
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On the basis of region, the target market is segmented into North America, Asia Pacific, Europe, Latin America, Middle East & Africa. North America market is dominating in the global bakery enzymes market, owing to inclination of people towards convenient food products. Asia Pacific market is expected to have the fastest growth rate over the forecast period, owing to rapid expansion of retail sector, coupled with increasing packaged food consumption.
Key players operating in the market include Amano Enzyme Inc., Advanced Enzyme Technologies, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, SternEnzym, Novozymes A/S, Dyadic International Inc., Maps Enzyme Ltd., Aumenzymes, Engrain