(Entertainment-NewsWire.com, November 07, 2017 ) The Asia Pacific Baking Enzymes Market has been estimated at USD 104.50 Million in 2016 and is projected to reach USD 165.26 Million by 2021, at a CAGR of 9.6% during the forecast period from 2016 to 2021.
Baking enzymes help in improving color texture, dough improvement and prolonged softness of baking products. They are widely used in baking products such as breads, biscuits, cookies, cakes & pastries. It is used in products which are perishable in nature and its freshness and stability is most important.
The market for baking enzymes is mainly driven due to increase awareness about health and nutrition, food, technological advancement, and ever-growing demand from the food industry for baking products. Also, decline use of emulsifiers, increase demand for packaged food, urbanization, and change in lifestyle are the most important driving factors in baking enzymes market. But, the market growth can be constrained due to strict regulations regarding the amount of enzymes used by food administration department.
Asia-Pacific market for Baking Enzymes is segmented based on type and application. By type, the market is further sub-segmented into Carbohydrase, Protease, Lipase and Others. By application, the market is further sub-segmented into Bread, Biscuits & Cookies, and Cake & Pastry. Carbohydrase is projected to experience the highest growth, and Protease is contributing to second largest share.
Geographically, Asia-Pacific market for Baking Enzymes is segmented into China, India, Japan, South Korea and Australia. Asia-Pacific market is growing with highest CAGR, due to increasing number of companies investing in this region in food production companies and increasing baking outlets, due to which there is enormously high usage of baking enzymes.
Novozymes, AB Enzymes, DSM, Advanced Enzymes, Amano Enzyme Inc., Stern Enzymes, Dydaic International Inc., Engrain, Maps Enzyme Limited, E.I. Dupont De Nemours & Company, Aumenzymes and Puratos Group N.V. are the major players of Asia-Pacific Baking Enzymes market.
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