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Bakery Enzyme Market by Application (Breads, Cakes and Pastries,
Cookies and Biscuits), Form (Powder, Liquid) & Region – Forecast to
2021 - 2031
Bakery Enzyme Market - Analysis, Outlook, Growth, Trends, Forecasts
December 2021 | REP-GB-692 |
250 pages
|
Food and
Beverage
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Bakery Enzyme Market - Overview
[250 Pages Report] The sales of bakery enzymes are estimated
to be valued at US$ 883.7 Mn in 2021. As per Future Market
Insights (FMI), the overall bakery enzymes market value is
expected to reach US$ 1,452.3 Mn by 2031, rising at a CAGR
of 5.1% for 2021-31.
The rise of better-for-you, convenience and on-the-go trends in
recent years has resulted in increased demand for advanced yet
healthy food ingredients, potentially increasing carbohydrase
sales. Carbohydrase continues to be in higher demand than
lipase and protease, accounting for half of total bakery enzyme
sales.
Sales of bakery enzyme will represent 1.5% to 2.5% of the
overall demand in the global enzyme market. The
key manufacturers operating in the global market realigning
their strategies as consumers shift towards a healthier lifestyles
and the growing popularity of artisanal baked goods propelling
the growth of bakery enzyme.
Bakery Enzymes Market Outlook 2016-2020
in Comparison to 2021-2031 Growth
Forecast
Future Market Insights projects the market to remain lucrative,
exhibiting growth at 5.1% CAGR between 2021 and 2031 in
comparison to the CAGR of 4.6% posted between 2016 and
2020.
Customers' increase in purchasing power and disposable
income, resulting in a preference for premium food products.
Numerous companies are introducing gourmet
and artisanal food products in various forms, including premium
and economical ranges.
Because of increased