According to the recent research report titled ‘Baking Enzymes Market Size, Share and Industry Analysis Report by Product (Proteases, Lipases, Carbohydrases [Amylases, Xylanases, Cellulases, Pectinases, Lactases], Polymerases & Nucleases, Phytases, Catalyses) and Application (Bread, Cake, Biscuit), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’ available with MarketStudyReport, global baking enzymes market is estimated to grow exponentially through 2027.

The growth of global baking enzymes market is driven by mounting consumption of ready to eat products that have high quality shelf life, extended storage capacity and help improve the bread characteristics like texture, gas retention, and dough handling. Rapid expansion of the food & beverage industry as well as the bakery vertical is also facilitating the overall business scenario.

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On the basis of product type, the global baking enzymes industry is divided into phytases, polymerases & nucleases, catalyses, proteases, lipases, carbohydrases and others. The lipases segment is expected to garner considerable returns in the ensuing years, given its extensive usage in bakery for replacing and enhancing the emulsifiers.

In terms of carbohydrases, the segment is further classified into pectinase, xylanases, lactases, amylases, and cellulases. According to the report, the amylases segment is predicted to grow substantially, primarily due to its anti-staling qualities and crumb softness.

The lactases segment currently holds 19% market share is expected to expand to expand at 7% CAGR through 2027.

Moving forward, the application spectrum is bifurcated into bread, cakes, biscuits, and others. The biscuits segment held a 25% share in global baking enzymes market and is estimated to witness 7% CAGR throughout the forecast timeline. The other application segment, that includes butter, pastry, and cheese, is likely to hold 5% of the market share by the year 2027.

In terms of regional analysis, the global baking enzymes business sphere is bifurcated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Latin America is calculated to develop as a major revenue generator for the market participants, owing to growing demand for ready-to-eat and bakery products.

The Middle East & Africa market is also poised to record noticeable growth through 2027, owing to growing middle-class population.

The leading companies operating in global baking enzymes market are National Enzyme Company Inc., Aum Enzymes, Amano Enzyme Inc., Novozymes A/S, AB Enzymes GmbH, Enzyme Innovation, Hayashibara Co. Ltd., Codexis Inc., Aumgene Biosciences Pvt. Ltd., Specialty Enzymes & Probiotics, Danisco A/S, Advanced Enzymes Technologies Ltd., Enmex S.A. de C.V., Chr Hansen Holding A/S, Koninklijke DSM N.V., and BASF SE.