The global alpha-amylase baking enzyme market is expected to secure a market value worth US$ 465 Million while expanding at a CAGR of 3.8% during the time period. The growth of the market can be accredited to the increasing importance of enzymes in bread making to provide various features such as; color texture, dough improvement, and softness.
An increase in the demand from bakery makers for enzymes to stimulate yeast and provide better texture during final product formulation is anticipated to be another important driver in the near future.
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Due to its use as a catalyst in biofuels, the alpha-amylase enzyme is also growing in popularity in the chemical industry. They anticipate seeing significant rise in the production of detergent in order to boost product yield and reduce lead times.
Furthermore, there is a huge market opportunity due to the growing interest in baking enzymes made from plants, such as alpha-amylase. For instance, in June 2021, the Kellogg Company subsidiary RXBAR introduced its first plant-based snack in the tastes of peanut butter and chocolate chips. These actions should provide opportunities for market expansion in the near future.
On the other hand, health issues related to the use of bakery products are anticipated to be the main barrier to market expansion in the coming years. Additionally, it is anticipated that throughout the assessment period, growing demand for alternative protein hydrolysis enzymes such xylanase, lipase, and others may restrain market growth.
Key Takeaways from the Market Study:
- Bacteria-based alpha-amylase baking enzymes to exhibit a CAGR of 3.8% during the forecast period
- By application, bread manufacturing to comprise maximum usage, documenting a CAGR of 3.6%
- Market in the U.S to value US$ 162.4 Million by 2032
- K market to expand at a CAGR of 3% in the assessment period
- Market in Japan to garner US$ 27 Million during the forecast period
“Rising consumption of bakery products as well as the quest to include ingredients which are consumer health friendly and cost effective are collectively leading to expansion of the market for alpha-amylase baking products market,” says an analyst at FMI.
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Competition Analysis
Key players in the global alpha-amylase baking enzyme market include
- Koninklijke DSM N.V.
- Novozymes A/S DuPont
- Puratos Group N.V. and Specialty Enzymes.
Recent key developments in the market are:
- In May 2022, Winni Cakes, India’s leading online gifting platform and bakery chain, announced the opening of the first baking institute in Panchkula that has world resources, educators, and a modern bakery set up to train the young fellows.
- In May 2022, B&M, a European Value Retail S.A.., announced the launch of the banana-flavored Jammie Dodger biscuit range.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global alpha-amylase baking enzyme market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of source (fungi, bacteria and plant-based) and application (bread, cookies & biscuits, desserts and others), across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)
Key Segments Profiled in the Alpha-Amylase Baking Enzyme Market Study
Alpha-Amylase Baking Enzyme Market by Source:
- Fungi-based Alpha-Amylase Baking Enzymes
- Bacteria-based Alpha-Amylase Baking Enzymes
- Maltogenic
- G4
- Others
- Plant-Based Alpha-Amylase Baking Enzymes
Alpha-Amylase Baking Enzyme Market by Application:
- Alpha-Amylase Baking Enzymes for Bread
- Alpha-Amylase Baking Enzymes for Cookies & Biscuits
- Alpha-Amylase Baking Enzymes for Desserts
- Alpha-Amylase Baking Enzymes for Other Applications
Alpha-Amylase Baking Enzyme Market by Region:
- North America Alpha-Amylase Baking Enzyme Market
- Europe Alpha-Amylase Baking Enzyme Market
- Asia Pacific Alpha-Amylase Baking Enzyme Market
- Middle East & Africa Alpha-Amylase Baking Enzyme Market
- Latin America Alpha-Amylase Baking Enzyme Market
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