In terms of revenue, the bread industry held the largest market share in 2021. It is a highly consumable product with a wide range of uses in both developed and developing economies. Since bread is a key component of frequently consumed foods like pizza, burgers, and hotdogs, its price is expected to increase steadily throughout the projection period. The demand for baking enzymes in cakes and pastries is expected to increase, and multiple market players are expected to develop new products with improved taste and flavor in the future, which will increase consumption rates.
According to Data Bridge Market Research, Baking Enzymes Market was USD 416.09 million in 2022, is expected to reach USD 668.21 million by 2030, at a CAGR of 6.10% during the forecast period 2023 to 2030.
"Improving bakery industry standards and quality requirements surge market demand"
In the European bakery industry, product quality, consistency, and efficiency are paramount. Baking enzymes play a vital role in meeting these standards by optimizing dough processing, improving the uniformity of baked goods, and reducing production costs. Enzymes enhance dough development, resulting in improved texture, volume, and crumb structure. By ensuring consistent and high-quality products, baking enzymes help bakers meet consumer expectations and enhance operational efficiency, ultimately contributing to the success of the bakery industry in Europe.
What restraints the growth of the baking enzymes market?
"Cost considerations can impede the market growth”
The cost of baking enzymes, particularly specialized or high-performance variants, can be a restraint for some bakers, especially small and medium-sized enterprises. The higher price of enzymes compared to traditional baking ingredients may deter cost-conscious bakers from incorporating them into their recipes. This can be a limiting factor for wider adoption, as bakers weigh the potential benefits of improved product quality and efficiency against the additional expense of using baking enzymes in their operations.
Segmentation: Europe Baking Enzymes Market
The baking enzymes market is segmented on the basis of type, applications, category, form, end-user, and source
- On the basis of type, the baking enzymes market is segmented into protease, carbohydrase, lipase, hydrolases, oxidoreductases, and others.
- On the basis of applications, the baking enzymes market is segmented into bread, rolls and buns, biscuits and cookies, cake and pastry, muffins and cupcakes, pizza bases, donuts, tortillas and pretzels, and others.
- On the basis of category, the baking enzymes market is segmented into inorganic, and organic.
- On the basis of form, the baking enzymes market is segmented into powder/granules, and liquid.
- On the basis of end-user, the baking enzymes market is segmented into industries, food service sector, and household/retail.
- On the basis of source, the baking enzymes market is segmented into microorganisms, plant, and animal.
Regional Insights: Germany dominates the Europe Baking Enzymes Market
Germany's largest market share in Europe for baking enzymes is driven by the high demand from its bakery industry to deliver high-quality baked goods. France follows suit due to a significant market for baked goods and the presence of numerous businesses. Italy's growing market for baking enzymes is attributed to its rising product development efforts and increased accessibility of enzymes and hydrolases, resulting in a notable growth rate in the region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-baking-enzyme-market
The Prominent Key Players Operating in the Europe Baking Enzymes Market Include:
- DuPont (U.S.)
- DSM (Netherlands)
- ADM (U.S.)
- BASF SE (Germany)
- Evonik Industries AG (Germany)
- Kemin Industries, Inc. (U.S.)
- Novozymes (Denmark)
- International Flavors and Fragrances Inc. (U.S.)
- Associated British Foods plc (U.K.)
- Kerry Group plc (Ireland)
- AAK AB (Sweden)
- British Bakels (U.K.)
- Corbion (Netherlands)
- Dawn Food Products, Inc. (U.S.)
- Aumenzymes (India)
- Amano Enzymes Inc. (Japan)
- Soufflet Biotechnologies SAS (France)
Above are the key players covered in the report, to know about more and exhaustive list of Europe baking enzymes market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Baking Enzymes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
