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Baking Mix and Enzymes Market by Type (Enzyme and Baking Mix) and Application (Bread, Cookies & Biscuits, Rolls & Pies, Cakes & Pastries, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025

A05801
Pages: 246
Nov 2019 | 1655 Views
 
Author(s) : Aniket Kadam, Shankar Bhandalkar , Roshan Deshmukh
Tables: 75
Charts: 57
 

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Baking Mix and Enzymes Market Outlook - 2025

The global baking mix and enzymes market size was valued at $3,384.0 million in 2018, and is projected to reach at $5,151.0 million by 2025, growing at a CAGR of 6.2% from 2018 to 2025. Baking mix and enzyme are food materials employed in the bakery industry to prepare ready-to-eat foodstuffs. These ingredients increase color, volume, texture, flavor softness, and other properties of the food items. They are available in different varieties, and their utilization in bakery products depends upon the consumption patterns of different regions. Baking mix and enzymes market enjoys high growth potential and it is anticipated that it will achieve remarkable position in the food processing sector. In addition, increase in trend of healthy eating and rise in preference for convenience food are the primary factors that boost the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy top position in the baking mix and enzymes market share.

Furthermore, increase in preference of consumers toward gluten-free bakery products such as cakes, pastries, breads, and muffins, owing to rise in health cautiousness drives the growth of the baking mix and enzymes market. Moreover, availability of various healthy alternatives in the market with low-calorie content, fat-free, and cholesterol-free products is expected to fuel the baking mix and enzymes market growth. Furthermore, surge in demand for breads in the interest of consumers wheat base and whole grains, which are rich in fiber and proteins, supplement the growth of the market. In addition, alarming obesity rates and increase in fitness-related concerns have shifted toward healthier bakery food items.

Baking Mix and Enzymes Market

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Changes in lifestyle patterns of consumers and preference toward baking mix and enzyme products are expected to provide remunerative opportunities for the manufacturers. Moreover, these baked products are gaining popularity among Asian customers, due to their enhanced taste and presence of proteins & fibers in breads & cakes. Furthermore, consumers are able to afford high-priced baked products, due to increase in disposable income and improvement in economic conditions. However, stringent government regulations toward quality and types of ingredients used in the manufacturing of bakery products and customer preference for cereals over baked products limit the growth of baking mix and enzymes market. The regulations associated with bakery products are related to various ingredients used in the process, food hygiene labeling & packaging, health claims, and others.

Moreover, the increase in preference for on-the-go food products, which are readily available in the market has increased, due to changes in eating habits and busy lifestyle. For instance, availability of various instant premix powders in the market to make desserts at home easily without much efforts significantly contributes toward the growth of the global market. In addition, owing to increase in population, rise in urbanization, and introduction of healthier bakery alternatives at reasonable costs further foster the demand for baking mix and enzyme products. 

The increase in changing lifestyle patterns in the regions of Asia-Pacific, such as India and China, which contribute to more than 37% of the total world population, fuels the demand for high-quality products and comfortable living. This in turn boosts the need for convenience food products, thereby driving the growth of the market. In addition, increase in number of supermarkets, hypermarkets, and bakery outlets fuel the demand for bakery products. Moreover, high economic growth and hectic routine of people encourage the usage of high-quality and healthy bakery products, which in turn supplements the growth of baking mix and enzymes market. 

Based on the baking mix and enzymes market forecast by type, the baking mix was the highest contributor to the global market in 2018, due to its increased usage across the globe, as it is increasingly used in the preparation of soups, baked goods, and other products. Rise in use of ready-to-use baked ingredients in food parks, hotels, restaurants, and café drives the market growth. 

Baking Mix and Enzymes Market
By Type

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Enzymes segment would witness the fastest growth, registering a CAGR of 8.5% during the forecast.

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Based on the baking mix and enzymes market analysis by application, the bread segment leads the market in 2018. The demand for bread is growing at a significant rate, as consumers are increasingly demanding for chemical-free natural product.

Baking Mix and Enzymes Market
By Application

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Rolls and pies segment would witness the fastest growth, registering a CAGR of 6.7% during the forecast period.

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The key players operating in the baking mix and enzymes industry include Archer-Daniels-Midland Company, Associated British Foods Plc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Kerry Group, Plc., Koninklijke DSM N.V., Dawn Food Products, Inc., Bakels Group, and Lallemand Inc.

Baking Mix and Enzymes Market
By Region

2025
Europe 
Notrth America
Asia-pacific
Lamea

Europe is the largest market growing at a CAGR of 5.8% from 2018-2025.

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Key Benefits for Baking Mix and Enzymes Market:

  • This report provides a quantitative analysis of the segments, current trends, estimations, and dynamics of the market analysis from 2017 to 2025 to identify the prevailing baking mix and enzymes market opportunities.
  • The key countries in all the major regions are mapped on the basis of their baking mix and enzyme market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the baking mix and enzymes market segmentation assists to determine the prevailing market opportunities.
  • The report includes the analysis of the regional as well as global baking mix and enzymes market trends, key players, market segments, application areas, and growth strategies.

Baking Mix and Enzymes Market Segments:

By Type  

  • Enzymes
  • Baking Mix

By Application

  • Bread
  • Cookies & Biscuits 
  • Rolls & Pies
  • Cakes & Pastries 
  • Others

By Region

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • South Africa 
    • Brazil
    • Turkey
    • Rest of LAMEA
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings of the study

2.1.1. Top impacting factors

2.2. Top investment pockets
2.3. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Porter five forces analysis
3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Consumer preference for healthier bakery products
3.3.1.2. Change in culture & lifestyle of the emerging asian market
3.3.1.3. Increase in demand for convenience foods

3.3.2. Restraints

3.3.2.1. Availability of healthier substitutes
3.3.2.2. Stringent regulations and international quality standards

3.3.3. Opportunities

3.3.3.1. Focus on improving quality, shelf life, and lessen production costs
3.3.3.2. Increase in trend of frozen bakery products

CHAPTER 4: BAKING MIX AND ENZYMES MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast, by type

4.2. Enzymes

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Baking Mix

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: BAKING MIX AND ENZYMES MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast, by global

5.2. Bread

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region

5.3. Cookies & Biscuits

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region

5.4. Rolls & Pies

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region

5.5. Cakes & Pastries

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region

5.6. Others

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region

CHAPTER 6: BAKING MIX AND ENZYMES MARKET, BY REGION

6.1. Overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market analysis, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by type

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by type

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by application
6.3.4. Market analysis, by country

6.3.4.1. UK

6.3.4.1.1. Market size and forecast, by type

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast, by type

6.3.4.3. France

6.3.4.3.1. Market size and forecast, by type

6.3.4.4. Italy

6.3.4.4.1. Market size and forecast, by type

6.3.4.5. Spain

6.3.4.5.1. Market size and forecast, by type

6.3.4.6. Rest of Europe

6.3.4.6.1. Market size and forecast, by type

6.3.4.7. Asia-Pacific

6.3.5. Key market trends, growth factors, and opportunities
6.3.6. Market size and forecast, by type
6.3.7. Market size and forecast, by Application
6.3.8. Market analysis, by country

6.3.8.1. China

6.3.8.1.1. Market size and forecast, by type

6.3.8.2. Japan

6.3.8.2.1. Market size and forecast, by type

6.3.8.3. India

6.3.8.3.1. Market size and forecast, by type

6.3.8.4. Rest of Asia-Pacific

6.3.8.4.1. Market size and forecast, by type

6.4. LAMEA

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market analysis, by country

6.4.4.1. South Africa

6.4.4.1.1. Market size and forecast, by type

6.4.4.2. brazil

6.4.4.2.1. Market size and forecast, by type

6.4.4.3. Turkey

6.4.4.3.1. Market size and forecast, by type

6.4.4.4. Rest of LAMEA

6.4.4.4.1. Market size and forecast, by type

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Top winning strategies
7.2. Product Mapping
7.3. Competitive Dashboard
7.4. Competitive Heatmap
7.5. Key developments

7.5.1. Acquisition
7.5.2. Business Expansion
7.5.3. Collaboration
7.5.4. Joint Venture
7.5.5. Product Launch

CHAPTER 8: COMPANY PROFILES

8.1. ARCHER-DANIELS-MIDLAND COMPANY

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments

8.2. ASSOCIATED BRITISH FOODS PLC

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance

8.3. BAKELS GROUP

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio

8.4. CARGILL, INCORPORATED

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments

8.5. DAWN FOOD PRODUCTS, INC.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Key strategic moves and developments

8.6. DOWDUPONT

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments

8.7. KERRY GROUP PLC (KERRY GROUP)

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments

8.8. KONINKLIJKE DSM N.V.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Key strategic moves and developments

8.9. NOVOZYMES A/S

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments

8.10. ROYAL DSM N.V.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL BAKING MIX AND ENZYMES MARKET, BY TYPE, 2017–2025 ($MILLION)
TABLE 02. BAKING MIX AND ENZYMES MARKET REVENUE FOR ENZYMES, BY REGION, 2017–2025 ($MILLION)
TABLE 03. BAKING MIX AND ENZYMES MARKET REVENUE FOR BAKING MIX , BY REGION, 2017–2025 ($MILLION)
TABLE 04. GLOBAL BAKING MIX AND ENZYMES MARKET REVENUE, BY APPLICATION, 2018–2025 ($MILLION)
TABLE 05. BAKING MIX AND ENZYMES MARKET REVENUE FOR BREAD, BY REGION, 2017–2025 ($MILLION)
TABLE 06. BAKING MIX AND ENZYMES MARKET REVENUE FOR COOKIES & BISCUITS, BY REGION, 2017–2025 ($MILLION)
TABLE 07. BAKING MIX AND ENZYMES MARKET REVENUE FOR ROLLS & PIES, BY REGION, 2017–2025 ($MILLION)
TABLE 08. BAKING MIX AND ENZYMES MARKET REVENUE FOR CAKES & PASTRIES, BY REGION, 2017–2025 ($MILLION)
TABLE 09. BAKING MIX AND ENZYMES MARKET REVENUE FOR OTHERS, BY REGION, 2017–2025 ($MILLION)
TABLE 10. GLOBAL BAKING MIX AND ENZYMES MARKET, BY REGION, 2018–2025 ($MILLION)
TABLE 11. NORTH AMERICA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 12. NORTH AMERICA ENZYMES MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 13. NORTH AMERICA BAKING MIX MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 14. NORTH AMERICA BAKING MIX AND ENZYMES MARKET VALUE, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 15. U.S. BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 16. CANADA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 17. MEXICO BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 18. EUROPE BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 19. EUROPE ENZYMES MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 20. EUROPE BAKING MIX MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 21. EUROPE BAKING MIX AND ENZYMES MARKET VALUE, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 22. UK BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 23. GERMANY BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 24. FRANCE BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 25. ITALY BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 26. SPAIN BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 27. REST OF EUROPE BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 28. ASIA-PACIFIC BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 29. ASIA-PACIFIC ENZYMES MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 30. ASIA-PACIFIC BAKING MIX MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 31. ASIA-PACIFIC BAKING MIX AND ENZYMES MARKET VALUE, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 32. CHINA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 33. JAPAN BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 34. INDIA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 35. REST OF ASIA-PACIFIC BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 36. LAMEA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 37. LAMEA ENZYMES MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 38. LAMEA BAKING MIX MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 39. LAMEA BAKING MIX AND ENZYMES MARKET VALUE, BY COUNTRY, 2017–2025 ($MILLION)
TABLE 40. SOUTH AFRICA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 41. BRAZIL BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 42. TURKEY BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 43. REST OF LAMEA BAKING MIX AND ENZYMES MARKET REVENUE, BY TYPE 2017–2025 ($MILLION)
TABLE 44. ARCHER-DANIELS-MIDLAND COMPANY: COMPANY SNAPSHOT
TABLE 45. ARCHER-DANIELS-MIDLAND COMPANY: OPERATING SEGMENTS
TABLE 46. ARCHER-DANIELS-MIDLAND COMPANY: PRODUCT PORTFOLIO
TABLE 47. ARCHER-DANIELS-MIDLAND COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 48. ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
TABLE 49. ASSOCIATED BRITISH FOODS PLC: OPERATING SEGMENTS
TABLE 50. ASSOCIATED BRITISH FOODS PLC: PRODUCT PORTFOLIO
TABLE 51. BAKELS GROUP: COMPANY SNAPSHOT
TABLE 52. BAKELS GROUP: PRODUCT PORTFOLIO
TABLE 53. CARGILL, INCORPORATED: COMPANY SNAPSHOT
TABLE 54. CARGILL, INCORPORATED: OPERATING SEGMENTS
TABLE 55. CARGILL, INCORPORATED: PRODUCT PORTFOLIO
TABLE 56. CARGILL, INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 57. DAWN FOOD PRODUCTS INC. COMPANY SNAPSHOT
TABLE 58. DAWN FOOD PRODUCTS INC: PRODUCT PORTFOLIO
TABLE 59. DAWN FOOD PRODUCTS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 60. DOWDUPONT: COMPANY SNAPSHOT
TABLE 61. DOWDUPONT: OPERATING SEGMENTS
TABLE 62. DOWDUPONT: PRODUCT PORTFOLIO
TABLE 63. KERRY GROUP: COMPANY SNAPSHOT
TABLE 64. KERRY GROUP: OPERATING SEGMENTS
TABLE 65. KERRY GROUP: PRODUCT PORTFOLIO
TABLE 66. KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
TABLE 67. KONINKLIJKE DSM N.V.: OPERATING SEGMENTS
TABLE 68. KONINKLIJKE DSM N.V.: PRODUCT PORTFOLIO
TABLE 69. KONINKLIJKE DSM N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 70. NOVOZYMES A/S: COMPANY SNAPSHOT
TABLE 71. NOVOZYMES A/S: OPERATING SEGMENTS
TABLE 72. NOVOZYMES A/S: PRODUCT PORTFOLIO
TABLE 73. ROYAL DSM N.V.: COMPANY SNAPSHOT
TABLE 74. ROYAL DSM N.V.: OPERATING SEGMENTS
TABLE 75. ROYAL DSM N.V.: PRODUCT PORTFOLIO

LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP IMPACTING FACTORS
FIGURE 04. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05. HIGH BARGAINING POWER OF BUYERS
FIGURE 06. MODERATE THREAT OF SUBSTITUTION
FIGURE 07. HIGH THREAT OF NEW ENTRANTS
FIGURE 08. HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09. MARKET DYNAMICS
FIGURE 10. GLOBAL BAKING MIX AND ENZYMES MARKET, BY TYPE, 2018–2025 ($MILLION)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF BAKING MIX AND ENZYMES MARKET FOR ENZYMES, BY COUNTRY,  2017 & 2025 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF BAKING MIX AND ENZYMES MARKET FOR BAKING MIX, BY COUNTRY,  2017 & 2025 (%)
FIGURE 13. GLOBAL BAKING MIX AND ENZYMES MARKET, BY APPLICATION, 2018–2025 ($MILLION)
FIGURE 14. GLOBAL BAKING MIX AND ENZYMES MARKET, BY REGION, 2017–2025 (%)
FIGURE 15. U.S. BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 16. CANADA BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 17. MEXICO BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 18. UK BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 19. GERMANY BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 20. FRANCE BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 21. ITALY BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 22. SPAIN BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 23. REST OF EUROPE BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 24. CHINA BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 25. JAPAN BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 26. INDIA BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 27. REST OF ASIA-PACIFIC BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 28. SOUTH AFRICA BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 29. BRAZIL BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 30. TURKEY BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 31. REST OF LAMEA BAKING MIX AND ENZYMES MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 32. TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 33. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015–2019* (%)
FIGURE 34. TOP WINNING STRATEGIES, BY COMPANY, 2015–2019*
FIGURE 35. PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 36. COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 37. COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 38. ARCHER-DANIELS-MIDLAND COMPANY: REVENUE, 2015–2017 ($MILLION)
FIGURE 39. ARCHER-DANIELS-MIDLAND COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 40. ARCHER-DANIELS-MIDLAND COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 41. ASSOCIATED BRITISH FOODS PLC: REVENUE, 2016–2018 ($MILLION)
FIGURE 42. ASSOCIATED BRITISH FOODS PLC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 43. ASSOCIATED BRITISH FOODS PLC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 44. CARGILL, INCORPORATED: REVENUE, 2016–2018 ($MILLION)
FIGURE 45. CARGILL, INCORPORATED: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 46. DOWDUPONT: NET SALES, 2016–2018 ($MILLION)
FIGURE 47. DOWDUPONT: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48. DOWDUPONT: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49. KERRY GROUP: NET SALES, 2016–2018 ($MILLION)
FIGURE 50. KERRY GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 51. KERRY GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52. NOVOZYMES A/S: NET SALES, 2016–2018 ($MILLION)
FIGURE 53. NOVOZYMES A/S: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54. NOVOZYMES A/S: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55. ROYAL DSM N.V.: NET SALES, 2016–2018 ($MILLION)
FIGURE 56. ROYAL DSM N.V.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. ROYAL DSM N.V.: REVENUE SHARE BY REGION, 2018 (%)

 
 

According to the CXO of leading companies, the baking mix and enzyme market is expected to grow at a significant rate during the forecast period, owing to various factors such as change in lifestyle patterns of consumers, increase in demand for convenience foods, and consumer preferences for healthier bakery products. In addition, rise in number of bakeries & outlets, such as in-store bakeries, convenience stores, supermarket & hypermarket bakeries, café bakers, and artisan bakeries, fuels the demand for baking mix and enzyme products across the globe. Moreover, high economic growth and hectic routine of people encourage the usage of high-quality and healthy bakery products, which in turn supplements the market growth. 

The bread segment is the most significant application responsible for highest sales in the global market, accounting for more than half of the share and is expected to dominate the market during the forecast period. The rolls & pies segment is expected to witness significant growth during the forecast period, followed by the cakes & pastries segment.

According to the CXOs, Asia-Pacific is projected to register a significant growth as compared to the saturated markets of Europe and North America, due to increase in penetration of a wide range of bakery products in tier 2 & 3 cities of India and rise in disposable incomes.


 

 

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