Iraq Baking Enzymes Market, By Type (Hydrolases, Oxidoreductases, Transferases and Others), Source (Plant-Based, Animal-Based and Microorganism-Based), Fermentation Technique (Submerged Fermentation and Solid-Substrate Fermentation), Formulation (Powder, Liquid and Granular), Function (Improved Freshness, Dough Improver, Crumb Softness, Modify Dough Rheology and Others), Applications (Bread and Bread loafs, Rolls and Buns, Doughnuts, Biscuits, Cookies, Cake, Pastries, Pies, Bagels, Muffins, Pasta, and Others), Distribution Channel (Direct and Indirect), Country (Iraq) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Iraq Baking Enzymes Market
The baking enzymes market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 2.5% in the forecast period of 2022 to 2029 and is expected to reach USD 8,585.76 thousand by 2029. Increasing consumption of bakery products acts as driver for the baking enzymes market growth.
Baking enzymes are sourced from plants, animals, and microorganisms and are used in the bakery industry to enhance the quality & shelf-life of bakery goods such as cakes, pastries, bread, pasta, pie, biscuits, cookies, bagels, and others. Bakery enzymes have applications in various baking processes, such as relaxation of dough and fermentation, prolong crumb softness, improve volume, providing flour enhancement, dough stability, and others, to improve the texture, color, taste, and others, of bakery end products.
Hydrolases, oxidoreductases, transferases, and others are different kinds of baking enzymes being available in the market. Baking enzymes are gaining popularity amongst the bakery manufacturers owing to their ability to improve freshness, enhance texture, taste, and color of bakery goods. The demand for baking enzymes is increasing in Iraq due to increase in consumption of bakery products coupled with growing demand for convenience or ready-made food products, which will propel the growth of the market. Moreover, reduced demand for chemical food additives or emulsifiers and increase in adoption of natural baking enzymes among manufacturers of bakery goods in Iraq will boost the growth of the market. However, growing awareness regarding the adverse health effect of bakery enzymes and allergic reactions associated with it among Iraqi consumers may hamper the growth of baking enzymes in the market.
Growing demand for organic & high quality bakery products among Iraqi consumers will create immense opportunities for the manufacturers in the market whereas increasing trend of healthy eating may decrease the demand for bakery products and bakery enzymes in the market.
The baking enzymes market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the baking enzymes market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Baking Enzymes Market Scope and Market Size
The baking enzymes market is segmented on the based on the type, source, fermentation technique, formulation, function, applications and distribution channel. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Iraq baking enzymes market is segmented into hydrolases, oxidoreductases, transferases, and others. In 2022, the hydrolases segment is expected to dominate the baking enzymes market due to growing demand for natural baking enzymes to produce enhanced texture, taste, and color of bakery goods.
- On the basis of source, the Iraq baking enzymes market is segmented into plant-based, animal-based and microorganism-based. In 2022, the microorganism-based segment is expected to dominate the baking enzymes market due to easy availability of microorganism source to produce baking enzymes in cost-effective manner.
- On the basis of fermentation technique, the Iraq baking enzymes market is segmented into submerged fermentation, and solid-substrate fermentation. In 2022, the solid-substrate segment is expected to dominate the baking enzymes market due to increasing demand for fermentation technique which requires less water and offers high yield and product activity.
- On the basis of formulation, the Iraq baking enzymes market is segmented into powder, liquid, and granular. In 2022, the powder segment is expected to dominate the baking enzymes market due to increase in demand for baking enzymes which are easy to store and handle among manufactures of bakery goods.
- On the basis of function, the Iraq baking enzymes market is segmented improved freshness, dough improver, crumb softness, modify dough rheology, and others. In 2022, the dough improver segment is expected to dominate the baking enzymes market due to surge in the demand for baking enzymes to improve the characteristics of dough and to enhance the texture, color and volume of end product.
- On the basis of applications, the Iraq baking enzymes market is segmented into bread and bread loafs, rolls and buns, doughnuts, biscuits, cookies, cake, pastries, pies, bagels, muffins, pasta, and others. In 2022, the bread and bread loaf segment is expected to dominate the baking enzymes market due to increasing demand for baking enzymes among manufacturers to produce high quality bread and bread loafs to fulfil the demand of consumers in Iraq.
- On the basis of distribution channel, the Iraq baking enzymes market is segmented into direct and indirect. In 2022, the indirect segment is expected to dominate the baking enzymes market due to easy accessibility of baking enzymes by manufacturers through suppliers, wholesaler and others.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Baking Enzymes, is Boosting the Market Growth of Baking Enzymes Market
The baking enzymes market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2011 to 2020.
Competitive Landscape and Baking Enzymes Market Share Analysis
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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Baking enzymes market.
The major companies which are dealing in the baking enzymes are Kerry, DSM, Novozymes, DuPont (IFF Nutrition & Biosciences), Creative Enzymes, and PURATOS among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many expansion and funding are also initiated by the companies’ worldwide which are also accelerating the baking enzymes market.
For instance,
- In March 2021, PURATOS launched Sparkalis to develop products, services and ingredients in the food tech sector. This food tech venture launch to develop innovative products including baking enzymes will help in enhancing the product portfolio by developing new products.
Product launches, partnership, business expansion, and other strategies by the market player is enhancing the company footprints in the baking enzymes market which also provides the benefit for organization’s profit growth.
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