(PRWEB) July 06, 2014
The baking enzymes market in North America is expected to grow at a CAGR of 7.9 % from 2013 to 2018. North America has acquired a majority share in the global baking enzymes market. The region is rich in carbohydrases, and uses it for baking of breads and biscuits, cakes, cookies and so on. The market for baking enzymes is witnessing a remarkable growth due to growing demand for processed baking and growing awareness about nutrition-rich baking products. The North American region has been driven by the U.S. market that accounts for nearly 62.4% of the market share. Companies from North America have invested considerable in the enzyme-related technologies to increase production and productivity.
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Europe Baking Enzymes Market
Europe is the second-largest market in the global baking enzymes market and is projected to grow at a CAGR of 7.6% from 2013 to 2018. Europe is the largest exporter of baking enzymes. Many companies here are making increased R&D efforts, and implementing enhanced techniques in order to improve baking enzymes market. The baking enzymes in bread, cakes and pastries are expected to push the market’s growth rate. The requirement for baked goods in Europe is rising continuously due to the consumption pattern of baked goods and their traditional food habits.
Asia-Pacific Baking Enzymes Market
Asia-Pacific is the fastest-growing region for baking enzymes market. This market is dominated by carbohydrase in terms of value and volume. The baking enzymes market in APAC is driven by increasing awareness, huge market potential for existing products, and unexplored application segments. More than two-thirds of the baking enzymes market in Asia-Pacific is import dominated by multinational enzyme suppliers. The baking enzymes market in Asia-Pacific is also driven by increased internal demand and wider scope for enzyme applications in the baking sector. The growth in Asia-Pacific baking enzyme market is majorly attributed to an overwhelming demand from China and India, as the size and strength of baking industry of these countries continue to grow at a faster pace.
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