With a CAGR of 3.8%, the global alpha-amylase baking enzyme market is expected to garner USD 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) | USD 321.0 Million |
| Global Alpha-Amylase Baking Enzyme Market Size (2032) | USD 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.
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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 USA market is anticipated to lead the industry. The country is anticipated to garner a market value of USD 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 UK is projected to procure the largest market share in the region. The country is likely to secure USD 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 USD 31.3 Million, while Japan and South Korea are projected at USD 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% |
| UK | 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 USD 321 Million in 2022.
The global alpha-amylase baking enzyme market is projected to secure USD 465.5 Million by 2032.
The bread segment is projected to lead while exhibiting a CAGR of 3.6% by 2032.
The USA market to secure USD 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 USD 27 Million by 2032.
South Korea is anticipated to garner a market value worth USD 18.8 Million by 2032.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background and Foundation Data Points 5. Key Success Factors 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Source 8.1. Fungi 8.2. Bacteria 8.2.1. Maltogenic 8.2.2. G4 8.2.3. Others 8.3. Plant-based 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 9.1. Breads 9.2. Cookies & Biscuits 9.3. Desserts 9.4. Others 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa (MEA) 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032 17. Market Structure Analysis 18. Competition Analysis 18.1. Novozymes A/S 18.2. Koninklijke DSM N.V. 18.3. DuPont 18.4. Specialty Enzymes 18.5. Puratos Group N.V. 18.6. Dyadic International, Inc. 18.7. Enmex, S.A., DE C.V. 18.8. AB Enzymes 18.9. Jiangsu Boli Bio-Products Co., Ltd. 19. Assumptions and Acronyms Used 20. Research Methodology
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Alpha-Amylase Baking Enzyme Market
