DSM, BASF SE and Novozymes are Dominating in the Europe Baking Enzymes Market in 2019

Europe Baking Enzymes Market is expected to grow with the CAGR of 5.1% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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Europe baking enzymes market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different types of baking enzymes, various acquisitions and partnership to enter in specific market have led the manufacturers to established their footprints.

The major players dealing in Europe baking enzymes market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in February 2020, DuPont has launched its new product called POWERBake 6000 and 7000 enzyme series. The products are developed specifically for European consumers in order to improve the houses and bakery. This new product launch by DuPont increased its product portfolio in baking enzymes thereby increased demand for its product in market leading to increased revenue in future.

DSM is the dominating player in Europe baking enzymes market. The other key players existing in the baking enzymes market includes BASF SE Novozymes, DuPont, AB Enzymes, Advanced Enzyme Technologies, Amano Enzyme Inc., Kerry Inc., Lesaffre, LEVEKING, Mühlenchemie GmbH & Co. KG, Nagase America LLC, Soufflet Biotechnologies, SternEnzym GmbH & Co. KG and VEMO 99 Ltd. among others.   

Europe Baking Enzymes Market DSM:

DSM is headquartered in Heerlen, the Netherlands and founded in 1902. The company focuses on specializing in nutrition, health and sustainable living in order to create better lives for all by manufacturing and distribution of solutions related to nutrition and health solutions, climate & energy solutions, resources and circulatory solutions among others. The company deals in various business segments and they are nutrition, materials and innovation center. The market focused business segment is nutrition. The company has taken various strategic decisions in order to enhance their business. The company provides products under various categories such as nutrition & health and climate & energy out of which nutrition & health is the market focused category.

For instance,

  • In November 2019, DSM company has increased its product portfolio of bakery enzymes by launching its two new products named BakeZyme Fresh XL and BakeZyme Master. This new product launch by DSM has helped the company to increase revenue in future.

The company has wide presence across the globe such as North America, South America, Europe, Middle East and Africa and Asia-Pacific. The company offers its products through its subsidiaries around the world and they are Glycom A/S (Denmark), Fortitech, inc. (U.S.), Martek Biosciences Corporation (U.S.), Aland (Jiangsu) Nutraceutical Co., Ltd. (China) and Koninklijke CSK Food Enrichment C.V. (The Netherlands) among others.

BASF SE:

BASF SE is headquartered in Ludwigshafen, Germany which was founded in 1865. The company focuses on manufacturing and distribution of chemical based products along with production of nutrition and pharmaceutical products. The company deals in number of business segments which are chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions and others. The market focused business segment is nutrition & care. The company provides its products under categories such as agriculture, chemicals, automotive & transportation, construction, electronics & electric, energy & resources, furniture & wood, home care and I&I cleaning, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper and textile and leather & footwear among which the market focused category is nutrition. The company takes various strategic decisions in order to enhance their business.

For instance,

  • In September 2019, BASF SE has signed an agreement with Conagen, a research biotechnology firm. This agreement by BASF SE strengthened its research and production of enzymes used in various applications which further increased its demand in the market.

The company has wide presence across the globe such as North America, South America, Europe, Middle East & Africa and Asia-Pacific. The company distributes its products through its subsidiaries and they are BASF Color Solutions Germany GmbH (Cologne), BASF Leuna GmbH (Leuna), BASF New Business GmbH (Ludwigshafen) and CerTho Produktions GmbH (Unna) among others.

Novozymes:

Novozymes is headquartered in the Denmark, Europe and founded in 2000. The company focuses on research, development and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients. The company deals in different business segments such as household care, food & beverages, bioenergy, agriculture & feed and technical & pharma. The market focused business segment is food & beverages. The company provides its products under business categories such as agriculture, bioenergy, food and beverages and household care among which the market focused category is food and beverages. To enhance its business as well as revenue, the company takes various strategic decisions.  

For instance,

  • In November 2013, Novozymes launched two new products which include Novozymes Sensea and Novamyl 3D in order to enhance the freshness in packages breads or bakery products. This new product launched by Novozymes increased its product portfolio of bakery enzymes leading to increased demand and revenue in future.

The company has its strong presence across the globe such as North America, Europe, Middle East & Africa, Asia-Pacific and South America. The company distributes its products through its subsidiaries and they are Novozymes BioAg S.A. (Argentina), Novozymes Australia Pty. Ltd. (Australia), Novozymes Belgium BVBA (Belgium), Novozymes Japan Ltd. (Japan) and Novozymes RUS LLC (Russia) among others.