The global cake enzyme market is anticipated to be valued at US$ 367.0 Million in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 609.3 Million from 2022 to 2032. Growth is attributed to the growing demand for bakery and confectionery products in food and beverages.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016 to 2021) | 3.4% CAGR |
| Expected Market Value (2022) | US$ 367.0 Million |
| Anticipated Forecast Value (2032) | US$ 609.3 Million |
| Projected Growth Rate (2022 to 2032) | 5.2% CAGR |
The enzymes are biological compounds usually proteins having properties, i.e., heat sensitivity, optimum temperature, and pH. Enzymes such as fungal alpha-amylases and Maltogenic alpha-amylases, glucose oxidase, lipase, and many more enzymes are used in bakery products such as pastries, cakes, cookies, etc.
The cake contains a high level of fat and sugar and is frozen which decreases staling matters. Caking enzymes such as maltogenic alpha-amylases and maltotetrahydrolases are used for reducing Staling issues. Staling is occurred due to changes in the starch structure during storage.
The demand for bakery enzymes is anticipated to witness a swift rise during the forecast period, due to rising demand for bakery products across the globe, especially in developed markets. The presence of numerous functional properties in bakery enzymes is expected to fuel their demand for the production of bakery products, which in turn is projected to fuel their market growth.
Excessive Research and Development costs and strict and critical guidelines to handle enzyme production and usage are the major factors that are anticipated to limit the growth of the cake enzyme market in the forthcoming years.
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The rising use of cake enzymes in the bakery and HoReCa (Hotels, Restaurants, and Cafes) is one of the major factors that is expected to propel the growth of the global cake enzymes market during the forecast period. Moreover, the increasing awareness among bakers regarding the utilization of enzymes to improvise the quality and efficiency of cakes is another factor anticipated to fuel the market in the forthcoming years.
The growing demand for bakery and confectionery products in the food and beverages industry due to increasing per capita income and changing the lifestyle of consumers, rise in awareness about packaged food are some other factors responsible for the growth of the cake enzymes market.
The enzymes help to increase the taste and quality of cake and other bakery products, which is also expected to increase the growth of the global cake enzymes market during the forecast period. More and more cake manufacturers across the world are discovering quality-improving and cost-cutting enzymes.
The bakery industry possesses high growth potential and is anticipated to garner a remarkable position in the food processing sector. This is attributed to the surge in demand for bakery items majorly bread, owing to busy lifestyles and an increase in preference for fresh & ready-to-eat breakfast food.
The surge in consumption of bakery products, especially the packaged variety, has increased the overall growth of the market, in terms of value sales. Rapid urbanization, increment in disposable income of the population, rise in trend of bread & cakes among millennials, developments in bakeries, and continuously changing buyer inclination drive the demand for cake enzymes from the bakery industry.
An unstable demand forecast and supply chain are the major factors that are expected to limit the growth of the Cake Enzyme Market during the forecast period. In addition, emulsifiers and other additives are used to improve the shelf life and other valuable aspects of bread.
However, because these synthetic emulsifiers have a detrimental influence on health after intake, such as high blood pressure and diabetes, their use in bread products must be restricted, potentially stifling market growth.
Further, excessive consumption of bakery products such as bread, cookies, and others may affect human health negatively, which in turn is anticipated to impede the growth of the cake enzyme market over the analysis period. Furthermore, stringent governmental regulations on the usage and commercialization of food enzymes are expected to hamper the market growth during the forecast period.
Excessive Research and Development costs and strict and critical guidelines to handle enzyme production and usage are other factors that are anticipated to obstruct the growth of the cake enzyme market in the forthcoming years.
Principal Consultant
In terms of regional platforms, North America holds the largest market share in the Cake Enzyme market. The region is expected to accrue a revenue share worth 31.1% in 2022. North America is projected to dominate the cake enzyme market, attributed to the high consumption of baked goods by population-based in North America, especially in the USA.
Increased consumer inclination towards processed and convenience food products, of which, baked goods are a major part, is expected to fuel the growth of the cake enzyme market in North America.
In addition, the rising trend for nutritional diet patterns, especially in the USA will essentially support regional growth. The implementation of new regulations in this region permits the manufacturers to not describe or enlist information on the use of baking enzymes on the product packaging.
This relaxation in the legislation of bakery products enables the growing use of baking enzymes by manufacturing companies to extract the best quality product in a more advanced and cost-effective output.
According to Future Market Insights, Europe is expected to hold significant growth opportunities for Cake Enzyme and is expected to reach a share of 28.6% in 2022. Europe is expected to foresee significant growth in the Cake Enzyme market in the near future, owing to the larger production and consumption trend observed in the region.
Germany has the largest market share in the cake enzyme market, owing to the widespread consumption of bakery products, resulting in several bakery industries demanding the baking enzyme to provide high-quality bakery goods to the market.
Due to the consumption of bakery goods such as bread and pastries in daily diets, Germany has occupied the largest market share in the European market. Because of the high consumption of enzymes through baking goods, the United Kingdom is leading the growth. Several companies in the region are working to develop enzymes that can be used to produce baked goods.
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According to Future Market Insights, Asia-Pacific is expected to grow with lucrative growth opportunities for Cake Enzyme Market and is expected to reach a significant share of 25.4% in 2022.
The Cake Enzyme Market in Asia Pacific is expected to grow at a rapid pace during the forecast years, due to rapid growth in the food processing industry of the region, attributed to the increasing population of the major economies of Asia Pacific, such as India and China.
Further, increased product launches in the Asia Pacific, coupled with increased governmental support for the use of bakery enzymes in baked goods further expected to aid the rise of the cake enzyme market in the region.
According to Future Market Insights, the Middle East & Africa are expected to provide significant growth opportunities for Cake Enzyme Market and are expected to reach a share of 12.8% in 2022.
Rapid urbanization along with increasing awareness among consumers regarding the benefits of baking enzymes is driving the industry growth in the region. Further, the presence of prominent bakery companies along with demand for bread and other ready-to-eat bakery and confectionery food product has resulted in proliferating the enzymes demand among the bakery food manufacturers in the Middle East & Africa.
There are many prominent market players in the Cake Enzyme Market such as Novozymes, DuPont, AB Enzymes, Fermentech Labs, Fermex Solutions, and Grain Improvers BV, among others, which are working hand-in-hand to provide the best-in-class Cake Enzyme for enhancing the global arena.
However, there are many global start-ups in the cake enzyme market, which are stepping forward in matching the requirements of the Cake Enzyme domain.
Some of the key participants present in the global Cake Enzyme market include DSM Nutritional Products AG, Novozymes, DuPont Nutrition & Health, Advanced Enzymes, AB Enzymes, Amano Enzymes, Stern Enzyme, and Dyadic International Inc. among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as DSM Nutritional Products AG, Novozymes, and DuPont Nutrition & Health, Advanced Enzymes, account for considerable market size, several regional-level players are also operating across key growth regions, particularly in North America.
Recent Development
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Market Value in 2022 | US$ 367.0 Million |
| Market Value in 2032 | US$ 609.3 Million |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
|
| Key Countries Profiled |
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| Key Companies Profiled |
|
| Customization | Available Upon Request |
FMI projects the global Cake Enzyme market to expand at a 5.2% value CAGR by 2032
North America is expected to be the most opportunistic Cake Enzyme market, expanding at a 31.1% market share
DSM Nutritional Products AG, Novozymes, and DuPont Nutrition & Health, Advanced Enzymes are some prominent Cake Enzyme players
1. Executive Summary | Cake Enzyme Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2016 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2016 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Maltogenic Alpha-Amylases
5.3.2. Maltotetrahydrolases
5.4. Y-o-Y Growth Trend Analysis By Type, 2016 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By End Users
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Users, 2016 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Users, 2022 to 2032
6.3.1. Bakery
6.3.2. Hotel
6.3.3. Restaurant
6.3.4. Café
6.4. Y-o-Y Growth Trend Analysis By End Users, 2016 to 2021
6.5. Absolute $ Opportunity Analysis By End Users, 2022 to 2032
7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2016 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. United States of America
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End Users
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End Users
8.4. Key Takeaways
9. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End Users
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End Users
9.4. Key Takeaways
10. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By End Users
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End Users
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. New Zealand
11.2.1.8. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By End Users
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End Users
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Type
12.2.3. By End Users
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End Users
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. United States of America
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Type
13.1.2.2. By End Users
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Type
13.2.2.2. By End Users
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Type
13.3.2.2. By End Users
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Type
13.4.2.2. By End Users
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Type
13.5.2.2. By End Users
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Type
13.6.2.2. By End Users
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Type
13.7.2.2. By End Users
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Type
13.8.2.2. By End Users
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Type
13.9.2.2. By End Users
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Type
13.10.2.2. By End Users
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Type
13.11.2.2. By End Users
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Type
13.12.2.2. By End Users
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Type
13.13.2.2. By End Users
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Type
13.14.2.2. By End Users
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Type
13.15.2.2. By End Users
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Type
13.16.2.2. By End Users
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Type
13.17.2.2. By End Users
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Type
13.18.2.2. By End Users
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Type
13.19.2.2. By End Users
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By End Users
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. DSM Nutritional Products AG
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Novozymes
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. DuPont Nutrition & Health
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Advanced Enzymes
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. AB Enzymes
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Amano Enzymes
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Stern Enzyme
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Dyadic International Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Cargill Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. AAK AB
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Cake Enzyme Market
