Novozymes, DuPont (IFF Nutrition & Biosciences), and DSM have Dominated the Iraq Baking Enzymes Market in 2021

Iraq Baking Enzymes Market is expected to grow with the CAGR of 2.5% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/iraq-baking-enzymes-market

Iraq baking enzymes market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments due to increase in bakery goods market scenario.

The major players dealing in the Iraq baking enzymes market are introducing a strong range of product providers, launching new products, and adopting strategic initiatives such as mergers, business expansion, awards, and recognition. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In November 2019, DSM launched BakeZyme Fresh XL and BakeZyme Master, a baking amylase enzyme. Both products helps in the production of baked foods such as tortilla wraps and sandwiches with long-lasting sensory properties and softness. This new product launch helped the company in enhancing the company’s product portfolio.

Novozyme is the dominating player in the Iraq baking enzymes market. The other key players in the market are DuPont (IFF Nutrition & Biosciences), DSM, Kerry, PURATOS, and Creative Enzymes.

Iraq Baking Enzymes MarketNovozymes

Novozymes was founded in the year 1921, headquartered in Copenhagen, Denmark. The company focuses on providing biological solutions to its customers. The company has several product & service categories like household care, food, beverages & human health, bioenergy, grain & tech processing, and agriculture & animal health in which food, beverages & human health is the market-focused category.

For instance,

  • In November 2020, Novozymes partnered with Givaudan to develop synergistic ingredients and technologies. This partnership aims to bring innovative solutions to enzymes. This partnership helped the company strengthen its R&D in the Food & Beverages segment.

The company has a wide presence across Europe, Asia-Pacific, North America, South America, Middle East and Africa. The company also has many subsidiaries such as Novozymes BioAg S.A. (Argentina), Novozymes Australia Pty, Ltd. (Australia), Novozymes Japan Ltd (Japan), Novozymes South Asia Pvt. Ltd. (India), Novozymes BioAg Limited (Canada), Novozymes Berlin GmbH (Germany) among others.

DuPont (IFF Nutrition & Biosciences)

DuPont (IFF Nutrition & Biosciences), founded in 1802, headquartered in Delaware, U.S. Their main focus is to provide innovative and sustainable solutions in the food, pharma, health, and biotech industry. The company has several product & service categories, including electronics & imaging, nutrition & biosciences, transportation & industrial, safety & construction, and non-core, in which nutrition & biosciences is the market-focused category.

For instance,

  • In February 2021, IFF merged with Dupont Nutrition and Biosciences to expand its business. The IFF is offering baking enzyme products under the brand named Danisco. This merger helped the company enhance its product portfolio and grow their business in the baking enzyme segment.

The company has a presence in North America, Europe, and Asia. The company also has various subsidiaries companies Danisco (Denmark), DuPont (U.K.) Ltd., DuPont (Korea) Inc., Solae (BV), Dupont Danisco (U.S.), and others.

DSM

DSM was founded in 1902, headquartered in Heerlen, the Netherlands. The main focus is on producing and manufacturing a wide range of nutritional ingredients, pharmaceutical ingredients, and industrial chemicals. The company has product categories in nutrition, material, innovation center, corporate activities, and corporate items in which nutrition is the market-focused category.

For instance,

  • In November 2019, DSM launched BakeZyme Fresh XL and BakeZyme Master, a baking amylase enzyme. Both products help produce baked foods such as tortilla wraps and sandwiches with long-lasting sensory properties and softness. This new product launch helped the company in enhancing the company’s product portfolio.
  • In June 2018, DSM launched a new baking enzyme product named BakeZyme AAA, enabling bakeries to reduce ascorbic acid in their food products. The enzyme also helps in maintaining the ideal bread texture and volume. This new enzyme launch helps in the cost-effective production of bread. Additionally, the new launch aims to enhance the company's product portfolio and eventually gain more revenue.

The company has a presence across North America, South America, Europe, the Middle East, Africa, and Asia-Pacific. The company also has various subsidiaries companies such as Glycom A/S, Dsm Finance B.V., DSM NeoResins B.V., ERBER Group, Fortitech, Inc. (U.S.), and Vitatene S.A., among others.