(Health-NewsWire.Net, November 07, 2017 ) The Middle East and Africa Baking Enzymes Market has been estimated at USD 38.00 Million in 2016 and is projected to reach USD 56.92 Million by 2021, at a CAGR of 8.41% during the forecast period from 2016 to 2021.
Baking enzyme is a form of a chemical which performs biochemical actions and act as a catalyst. They are widely used in confectionery items like pastries, cakes, cookies, breads, biscuits and pastries. It is used in products which are perishable in nature and its freshness and stability is most important.
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The market for baking enzymes is mainly driven due to declining use of emulsifiers, uncovering of health and nutritional values and high disposable income among consumers. 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 declined due to factors like strict government rules and regulations regarding its extensive usage.
Middle-East and Africa 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.
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Geographically, Middle-East and Africa market for Baking Enzymes is segmented into Middle-East region and Africa region. These regions are estimated to achieve highest gains in the near future. Due to increasing penetration of global companies into the untapped markets of this region, there is a wide range of opportunities for a growth in demand in this region.
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 Middle-East and Africa Baking Enzymes market.
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