Asia-Pacific Baking Enzymes Market – Industry Trends and Forecast to 2030

Asia-Pacific Baking Enzymes Market, By Type (Protease, Carbohydrase, Lipase, Hydrolases, Oxidoreductases, Others), Applications (Bread, Rolls and Buns, Biscuits and Cookies, Cake and Pastry, Muffins and Cupcakes, Pizza Bases, Donuts, Tortillas and Pretzels, Others), Category (Inorganic, Organic), Form (Powder/Granules, Liquid), End-User (Industries, Food Service Sector, Household/Retail), Source (Microorganisms, Plant, Animal) – Industry Trends and Forecast to 2030.

Asia-Pacific Baking Enzymes Market Analysis and Size

The hydrolases sector dominates the market since the enzymes in this category are heavily mixed with flour during the bread-making process. The revenue earned from this area is similarly considerable, as there are a large number of products offered by producers.  Since bread consumption is high in the market, there is a high demand for baking enzymes, and there is a huge requirement of enzymes in the food manufacturing industries, which is met by enzyme manufacturers.

Data Bridge Market Research analyses that the baking enzymes market, which was USD 123.02 million in 2022, is expected to reach USD 252.42 million by 2030, at a CAGR of 9.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Asia-Pacific Baking Enzymes Market Scope and Segmentation  

Market Definition

Bakery enzyme is one of the enzyme categories that is commonly used to improve dough texture, gas retention, and crumb softness when making breads and other bakery products such as pastry and biscuits, to produce softness in cake making, and to reduce acrylamide formation in bakery products. The bakery business has a strong growth potential and is expected to take a prominent place in the food processing sector.

Asia-Pacific Baking Enzymes Market Dynamics

Drivers

• Growth and expansion of bakery industry will drive the market growth

The growing consumption of bakery items, particularly the packaged kind, has boosted the market's overall growth in terms of value sales. Rapid urbanisation, an increase in population disposable income, a growth in bread and cake consumption among millennials, bakery advancements, and a constantly changing buyer predilection boost the bakery industry's demand for bakery enzymes.  This is due to an increase in demand for bakery items, mostly bread, as a result of a busy lifestyle and a preference for fresh & ready-to-eat breakfast meals.

• Growing demand for lipase consumption will bolster market growth

During the forecast period, demand for lipases is expected to rise. Lipases are used in baked goods to aid in high-speed mixing and no-time dough procedures. These enzymes provide improved dough machinability by improving dough rheology, stability, and strength. Other advantages of lipases include increased loaf volume, lower staling rate, and improved crumb structure. Several restrictions and regulations on the use of chemical additives in baked goods have increased the use of baking enzymes for better control of the baking process. The use of baking enzymes allows for the adoption of varied baking procedures, boosts product shelf life, and lowers process time.

Opportunities

• Increased awareness about bakery enzymes to act as an opportunity

Most to all breads in the region are made using enzymes, indicating a large use of enzymes in the sector, particularly in nations with higher bakery consumption. Furthermore, following the prohibition of the use of chemical whiteners such as benzoyl peroxide in many developed countries such as China, manufacturers of steamed bread expressed concern that the final product would not be as appealing as customers had come to expect. Lipase, which can diminish betacarotene in flour and hence yield whiter steamed bread, recognised the issue. The tendency has even increased the industry's demand for enzymes.

Restraints/Challenges

• COVID-19 derailed the market growth

The COVID-19 epidemic has had a marginally unfavourable influence on the market. The announcement during the COVID-19 outbreak that a significant percentage of the bakery and food service industries would be closed has affected the selling of bakery enzymes around the world. Furthermore, the strict lockdown forced manufacturers to reduce their output, effectively halting production. As a result, the growth of the bakery enzymes sector in 2020 has been restricted.    

This baking enzymes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the baking enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Asia-Pacific Baking Enzymes Market Scope

The baking enzymes market is segmented on the basis of type, applications, category, form, end-user, and source. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Protease
• Carbohydrase
• Lipase
• Hydrolases
• Oxidoreductases
• Others

Applications

• Bread
• Rolls and Buns
• Biscuits and Cookies
• Cake and Pastry
• Muffins and Cupcakes
• Pizza Bases
• Donuts
• Tortillas and Pretzels
• Others

Category

• Inorganic
• Organic

Form

• Powder/Granules
• Liquid

End-user

• Industries
• Food Service Sector
• Household/Retail

Source

• Microorganisms
• Plant
• Animal

Asia-Pacific Baking Enzymes Market Regional Analysis/Insights

The baking enzymes market is analysed and market size insights and trends are provided by country, type, applications, category, form, end-user, and source as referenced above.

The countries covered in the baking enzymes market report are Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC).

Given the large consumption of enzyme through baked items in the Asia-Pacific area, China is leading the global market. A number of companies are working to produce enzymes that can be employed in the creation of baked goods. Following China is Japan, which has a large demand and supply chain for baking goods, resulting in a significant demand for baking enzymes in this nation as well.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Asia-Pacific Baking Enzymes Market Share Analysis

The baking enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to baking enzymes market.

Some of the major players operating in the baking enzymes market are:

• DuPont (U.S.)
• DSM (Netherlands)
• ADM (U.S.)
• BASF SE (Germany)
• Evonik Industries AG (Germany)
• Kemin Industries, Inc. (U.S.)
• Novozymes (Denmark)
• International Flavors and Fragrances Inc. (U.S.)
• Associated British Foods plc (U.K.)
• Kerry Group plc (Ireland)
• AAK AB (Sweden)
• British Bakels (U.K.)
• Corbion (Netherlands)
• Dawn Food Products, Inc. (U.S.)
• Aumenzymes (India)
• Amano Enzymes Inc. (Japan)
• Soufflet Biotechnologies (France)
• Soufflet Biotechnologies SAS (France)