[300 Pages Report] With a CAGR of 3.8%, the global alpha-amylase baking enzyme market is expected to garner US$ 465 Million during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the growing importance of enzymes in bread making to offer various features such as; dough improvement, color texture, and softness.
“Growing consumption of bakery products and rising demand for ready-to-eat meal is projected to play an important role in driving the market during the forecast period.”
| Attributes | Details |
|---|---|
| Global Alpha-Amylase Baking Enzyme Market CAGR (2022- to 2032) | 3.8% |
| Global Alpha-Amylase Baking Enzyme Market Size (2022) | US$ 321.0 Million |
| Global Alpha-Amylase Baking Enzyme Market Size (2032) | US$ 465.5 Million |
The rise in demand from bakery manufacturers for enzymes to enhance yeast yield and offer better texture during the formulation of the final product is likely to be one of the vital factors driving the global alpha-amylase baking enzyme market. Also, the growing demand for bakery products along with its application in the production of biofuels, sugar products, animal feed, and breweries is anticipated to boost market growth.
Alpha-amylase enzyme is gaining popularity in the chemical industry since they are used as a catalyst in biofuels. They are also witnessing significant traction for detergent production in order to increase the product yield and lessen lead time.
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Increasing demand for convenience food in developing countries is expected to drive the market in the forecast period. Also, the rapid expansion of the fast-food industry is projected to benefit the market notably in the coming time. Globally renowned food chains such as; McDonald’s is one among the significant consumers of the product, which is expected to benefit the industry. In May 2022, Deliveroo and McDonald’s announced a global strategic partnership, evolving their existing agreement and offering customers better delivery services through the Deliveroo platform. Such initiatives are predicted to propel industry growth in the coming period.
The growing prevalence of a hectic lifestyle has generated notable demand for ready-to-eat food products such as; bread, cookies, cakes, and biscuits, among others. Moreover, increased spending power and rising urbanization have resulted in a fast-paced lifestyle, which is anticipated to be another factor bolstering the market growth in the assessment period. Also, the rising launch of new products is likely to further boost the market growth in the coming time. For instance, in May 2022, Ritz Crackers & Oreo Cookies teamed up to launch a new RittzxOreo treat. Such initiatives are projected to drive the market.
The growing interest in the plant-based alpha-amylase baking enzyme is expected to offer significant market opportunities in the forecast period. Owing to increased health consciousness, there has been a rising demand for plant-based bakeries, which is projected to offer remunerative market expansion opportunities. In June 2021, RXBAR, the Kellogg Company subsidiary launched its first plant-based product, peanut butter, and chocolate chip flavors. Such initiatives are expected to provide opportunities for expansion in the market in the coming time.
Another prevailing opportunity in the market is the increasing number of working women across the globe. As employed women do not have much time to cook, they prefer eating a ready-to-cook meal. This is expected to give expansion opportunities to the market in the forecast period.
Principal Consultant
Associated health issues with consuming too many bakery products are expected to be the most significant factor hampering the market growth in the forecast period. Also, increasing preference for the alternative protein hydrolysis enzymes such as lipase, xylanase, and others, are expected to be other factors obstructing the market growth in the assessment time. However, increasing R&D for functional foods in developing countries is expected to provide various opportunities for market growth in the forecast period and also counter the impeding cause and support market growth in the forecast period.
According to the analysis, by the source, the global alpha-amylase baking enzyme market, is expected to be dominated by the bacteria segment. The segment is projected to exhibit a CAGR of 3.8% during the forecast period. Expansion of the bacteria segment can be attributed to its high thermal stability as compared to other sources. Such types of alpha-amylase sources are used in combination with other enzymes such as fungal, lipase, and xylanase to achieve optimum crumb softness during the process of bread baking.
Based on application, the bread segment is expected to dominate the market in the forecast period. As per the analysis, the segment is projected to exhibit a CAGR of 3.6% in the forecast period. Expansion of the segment can be attributed to the rising number of bakeries across the globe and the growing demand for ready-to-eat food.
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As per the analysis, the global alpha-amylase baking enzyme market is projected to be dominated by North America. In the region, the U.S market is anticipated to lead the industry. The country is anticipated to garner a market value of US$ 162.4 Million while recording a CAGR of 3.4% by 2032. The growth of the regional market can be attributed to the new product launches and the presence of established players. Also, increasing consumption of bakery products is anticipated to be another factor developing the market in the assessment period.
Europe is projected to witness decent growth in the forecast period. The U.K is projected to procure the largest market share in the region. The country is likely to secure US$ 20.6 Million in the assessment period. The growth of the regional market can be attributed to the expansion of the food and beverage industry.
APAC is expected to be the most lucrative market in the forecast period. China is anticipated to dominate the industry in the assessment period. As per the analysis, China is estimated at US$ 31.3 Million, while Japan and South Korea are projected at US$ 27 Million and 18.8 Million, respectively. The growth of the regional market can be attributed to the increasing practice of bakery practice. Also, the growing number of startups in the region is projected to play a vital role in driving the market in the assessment time. Moreover, a growing number of product launches is expected to further strengthen the market growth. For instance, the launch of frozen Malabar Parathas in India can offer significant opportunities for expansion in the forecast period.
| Countries | Estimated CAGR |
|---|---|
| USA | 3.4% |
| U.K | 3% |
| China | 3% |
| Japan | 3.2% |
| South Korea | 2.9% |
Key players in the global alpha-amylase baking enzyme market include: Koninklijke DSM N.V., Novozymes A/S DuPont, Puratos Group N.V., and Specialty Enzymes. Recent key developments in the market are:
The global alpha-amylase baking enzyme market is expected to secure US$ 321 Million in 2022.
The global alpha-amylase baking enzyme market is projected to secure US$ 465.5 Million by 2032.
The bread segment is projected to lead while exhibiting a CAGR of 3.6% by 2032.
The U.S market to secure US$ 162.4 Million by 2032.
China is predicted to witness a CAGR of 3.4% by 2032.
Japan is expected to procure a market value of US$ 27 Million by 2032.
South Korea is anticipated to garner a market value worth US$ 18.8 Million by 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Market (US$ Mn)
4.2. Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Market Growth
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Source
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Source, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Source, 2022-2032
8.3.1. Fungi
8.3.2. Bacteria
8.3.2.1. Maltogenic
8.3.2.2. G4
8.3.2.3. Others
8.3.3. Plant-based
8.4. Market Attractiveness Analysis By Source
9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032
9.3.1. Breads
9.3.2. Cookies & Biscuits
9.3.3. Desserts
9.3.4. Others
9.4. Market Attractiveness Analysis By Application
10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2015-2021 and Forecast 2022-2032
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Source
11.4.3. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Source
11.5.3. By Application
12. Latin America Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Source
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Source
12.5.3. By Application
13. Europe Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. U.K.
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Source
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Source
13.5.3. By Application
14. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Source
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Source
14.5.3. By Application
15. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Source
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Source
15.5.3. By Application
16. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.2.2.1. By Source
16.2.2.2. By Application
16.3. Canada Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.3.2.1. By Source
16.3.2.2. By Application
16.4. Mexico Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.4.2.1. By Source
16.4.2.2. By Application
16.5. Brazil Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.5.2.1. By Source
16.5.2.2. By Application
16.6. Germany Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.6.2.1. By Source
16.6.2.2. By Application
16.7. France Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.7.2.1. By Source
16.7.2.2. By Application
16.8. Italy Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.8.2.1. By Source
16.8.2.2. By Application
16.9. BENELUX Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.9.2.1. By Source
16.9.2.2. By Application
16.10. UK Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.10.2.1. By Source
16.10.2.2. By Application
16.11. Nordic Countries Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.11.2.1. By Source
16.11.2.2. By Application
16.12. China Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.12.2.1. By Source
16.12.2.2. By Application
16.13. Japan Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.13.2.1. By Source
16.13.2.2. By Application
16.14. South Korea Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.14.2.1. By Source
16.14.2.2. By Application
16.15. GCC Countries Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.15.2.1. By Source
16.15.2.2. By Application
16.16. South Africa Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.16.2.1. By Source
16.16.2.2. By Application
16.17. Turkey Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
16.17.2.1. By Source
16.17.2.2. By Application
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Novozymes A/S
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Koninklijke DSM N.V.
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. DuPont
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Specialty Enzymes
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. Puratos Group N.V.
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. Dyadic International, Inc.
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. Enmex, S.A., DE C.V.
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. AB Enzymes
18.3.8.1. Overview
18.3.8.2. Product Portfolio
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. Jiangsu Boli Bio-Products Co.,Ltd.
18.3.9.1. Overview
18.3.9.2. Product Portfolio
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Alpha-Amylase Baking Enzyme Market
