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Baking Enzymes Market Overview - Global Trends & Forecasts to 2019
The global market for baking enzymes is estimated to grow at a rate of 8.2% from 2013 to 2019. North America acquires a majority share in the global baking enzymes market. The region is abundant in carbohydrases and uses it for baking of breads and biscuits, cakes, cookies, etc. The Asia-Pacific is expected to experience high growth with increasing application of carbohydrases in the region.
Taking into consideration the sources of baking enzymes, protease is expected to acquire a small market share, while carbohydrase is projected to experience the highest growth. This is because of various research and development programs and advancements taking place in the industry in the Asia-Pacific region, especially in China.
The market is dominated by a few large players and then comprises many small and medium-scale players. The major players identified in the baking enzymes industry are Novozymes (Bagsvaerd, DENMARK) AB Enzymes (Darmstadt, Germany), DSM (Heerlen, Netherlands), and DuPont (Wilmington, United States of America).
Novozymes (Bagsvaerd, DENMARK) is identified as the major player among all baking enzyme manufacturers. Its wide product portfolio and tendency to serve a majority of applications makes it an important player in the baking enzymes industry.
AB Enzymes is one of the world’s oldest and best known enzyme companies. The company is targeting the baking industry with the launch of new products that offers improved quality of baking products.
DSM is a global-based company active in health, nutrition and materials. DSM is a one of the market leaders in the baking enzymes market and it considers innovation and value differentiation as its core strategy.
Dupont is one of the major players in the food enzyme business. Dupont acquired Danisco, engaged in enzyme and food ingredient business. This major collaboration has helped the company expand its offerings in the food enzymes market.
Baking Enzymes Market by Geography (North America, Europe, Asia-Pacific, Row), by Types (Carbohydrase, Protease, Lipase & Others) & by Application (Bread, Biscuits & Cookies, Cake & Pastry & Others) - Global Trends & Forecasts to 2019
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