The bakery enzymes market had a market worth of USD 975 million in 2022, and it is anticipated that it will reach a market value of USD 1.6 billion by 2033, growing at a CAGR of 5.1% from 2023 to 2033.
The rise of better-for-you, convenience food, and on-the-go trends in recent years has resulted in increased demand for advanced yet healthy food ingredients, potentially increasing carbohydrate sales. Carbohydrase continues to be in higher demand than lipase and protease, accounting for half of total bakery enzyme sales.
Sales of bakery enzymes will represent 1.5% to 2.5% of the global market’s overall demand. The key manufacturers operating in the global market are realigning their strategies as consumers shift towards a healthier lifestyle and the growing popularity of artisanal baked goods propelling the growth of bakery enzymes
| Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 975 million |
| Expected Market Value (2023) | USD 1.1 billion |
| Projected Forecast Value (2033) | USD 1.6 billion |
| Anticipated Growth Rate (2023 to 2033) | 5.1% CAGR |
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The global demand for bakery enzymes market is projected to increase at a CAGR over 5% during the forecast period between 2023 and 2033, reaching a total of USD 850.5 million in 2018, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth in the global bakery enzymes market, registering a CAGR of 2.4%.
Customers' purchasing power and disposable income increase, resulting in a preference for premium food products. Numerous companies are introducing various gourmet and artisanal food products, including premium and economical ranges. These companies benefit from lucrative opportunities to capitalize on the premiumization of their product offering to improve their market position because of increased economic growth.
Artisan food sets the product apart from the rest, as it has been prepared with real, extraordinary expertise and skills. Artisanal foods include cookies & biscuits, cakes & pastries, cheese, beverages, fruit preserves, oils, vinegar, and many more that are prepared with a greater focus on the uniqueness of each ingredient, offering freshness and novelty.
Companies are using artisanal claims for new product developments in the Ready-to-Eat food products, beverages, snacks, bakery ingredients, and confectionery segments.
The Market is Boosted by Demand for Various Convenient Bakery Products
Bread, which also has a major share of the market in the bakery products business, has seen a significant increase in demand due to shifting eating patterns and busy lives. The need for high-quality bread with all the necessary qualities is the primary factor driving the expansion of enzymes. Manufacturers of bakery products are introducing fresh, cutting-edge products to the market in order to meet customer demand for bread and bakery items.
Their need for baking enzymes such lipases and proteases is growing. Both the production and consumption of bread are rising since it is a basic food in many nations. The weekly intake of bread per capita in 2021 was 502 grams, according to statistics from Defra 2021. Factors as these are anticipated to people the market growth in the near future.
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Carbohydrase Product Type Dominating the Global Market
Based on product type, carbohydrase enzyme is estimated to account for a market share of more than 49.5% in 2022, which is also expected to witness a significant growth rate over the forecast period.
Increased demand for carbohydrase from baked goods manufacturers is driving its growth in the global market. In baking applications, the general types of enzymes most commonly used are proteases, carbohydrase, and lipases. Increased use of carbohydrase in the enzyme-based dough is also propelling the sales of bakery enzymes.
Increased Demand for Bakery Enzymes from Bread Manufacturers
According to FMI, the bread application was estimated to dominate the application segment, with a market share of 69.8% in 2022. The cakes and pastries application is anticipated to witness a lucrative growth rate during the forecast period.
Bakery enzymes have played an important role in bread making since its inception by facilitating yeast fermentation, which is responsible for leavening. Exogenous enzymes in the form of malt were being added to dough and flour by the late 19th century to aid and control the bread-making procedure in newly emerging commercial bakeries.
Powder Form of Bakery Enzymes Gaining Traction in the Global Market
The powder form of bakery enzymes market held a market value of USD 635.9 million in 2022, which is also expected to witness a lucrative growth rate over the assessment period. The powder form of the bakery is typically added to modify dough rheological characteristics, crumb softness, and gas retention in bread production.
Increased Demand for Clean Label Bakery Products in the United States
According to FMI, the United States is the prominent country in North America, with an estimated market share of 87.2% in 2022. Canada is expected to witness a lucrative growth rate during the forecast period.
The concept of clean-label foods and drinks with simple and clean ingredients that consumers recognize-is not new, but it has come to the forefront in recent years in North America as healthy consumers want to know what they are eating. According to the Ingredients Communication, American consumers are now the most willing to pay higher prices, with around 45% stating that they would pay more than 75% for trusted and recognized ingredients.
Germany Dominating the European Bakery Enzymes Market
According to FMI, the German bakery enzymes market is experiencing a boost at the current market share of 25.9% in 2022. Spain is expected to witness a lucrative growth rate during the forecast period.
The huge trend of low-carb diets is one of the key factors driving the country's rising per capita consumption of baked goods across all demographic groups in Germany. The adoption of bakery enzymes for baked goods such as bread, cookies, biscuits, and other baked goods accounts for a considerably large revenue share. In contrast, the rising application of baked goods opens up a wide range of opportunities for market participants.
Growing Popularity of Specialty Ingredients in China Boosting Sales of Bakery Enzymes
The China bakery enzymes market size in 2023 is estimated to account for a value of USD 81.2 million. The growth in the market is owed to the growing popularity of bakery enzymes as specialty ingredients.
The most important products that ensure the shelf life of a wide range of bakery products are specialty ingredients. Specialty ingredients such as bakery enzymes typically perform a variety of functional activities to improve the taste and quality of the products. Manufacturers in China also focus on including specialty ingredients in their bakery products to cater to the emerging demand from consumers.
Increased Demand for Gluten-free Bakery Products in India
According to FMI, India accounts for a 24.1% market share in the bakery enzymes market in 2023 and is expected to rise by a significant growth rate during the forecast period.
The bakery enzyme for gluten-free bakery products is the company's main focus for product innovation in India. Bakery enzyme manufacturers anticipate increased demand from food manufacturers to maintain the safety, freshness, texture, taste, and appearance of baked goods.
Increased Consumption of Convenience Food in Brazil
According to FMI, the Brazil bakery enzymes market accounted for a market share of 54.9% of the Latin America bakery enzymes market in 2022. Still, Mexico is expected to witness a lucrative growth rate over the forecast period.
The bakery enzyme market is expected to grow significantly in Brazil due to changes in consumer lifestyle and a strong influence on consuming convenience food.
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The use of baking enzymes is rising among food manufacturers as it enhances sustainability and improves appearance of the baked goods. Due to this increasing demand for enzyme-based bakery products, manufacturers are focusing on increasing production capacity to make the supply chain more efficient as well as to reduce the chances of shortage of bakery enzyme-based products. For instance:
The key players in this market include:
Some of the products being launched by the key players are:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| Market value in 2023 | USD 1.1 billion |
| Market value in 2033 | USD 1.6 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Form, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Profiles | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Danisco A/S; Kerry Group Plc; Corbion N.V.; DSM N.V.; BASF SE; Advanced Enzymes Technologies Ltd.; Novozymes A/S; Puratos Group N.V.; Lallemand Inc.; BDF Ingredients; Caldic B.V.; Leveling; VEMO 99 Ltd.; Mirpain; Jiangsu Boli Bioproducts Co. Ltd.; Amano Enzymes Inc; AB Enzymes |
| Customization & Pricing | Available on Request |
The bakery enzymes market CAGR for 2033 is 5.1%.
The market is estimated to secure a valuation of USD 1.1 billion in 2023.
The projected market value of the market for 2033 is USD 1.6 billion.
Key players are developing the market by expanding their product offerings.
Koninklijke DSM N.V., Novozymes, AB Enzymes are the key companies in this market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Carbohydrase 5.2. Protease 5.3. Lipase 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Bread 6.2. Cakes & Pastries 6.3. Cookies & Biscuits 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Powder 7.2. Liquid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Danisco A/S 17.2. Kerry Group Plc 17.3. Corbion N.V. 17.4. DSM N.V. 17.5. BASF SE 17.6. Advanced Enzymes Technologies Ltd. 17.7. Novozymes A/S 17.8. Puratos Group N.V. 17.9. Lallemand Inc. 17.10. BDF Ingredients 17.11. Caldic B.V. 17.12. Leveling 17.13. VEMO 99 Ltd. 17.14. Mirpain 17.15. Jiangsu Boli Bioproducts Co. Ltd. 17.16. Amano Enzymes Inc 17.17. AB Enzymes 18. Assumptions & Acronyms Used 19. Research Methodology
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Bakery Enzymes Market
