The size of the Middle East and Africa baking enzymes market was valued at USD 45.5 million in 2023. The regional market size is expected to be worth USD 47.06 million in 2024 and USD 62.83 million by 2032, growing at a CAGR of 3.65% from 2024 to 2032.
Baking enzyme is a form of a chemical that performs biochemical actions and acts as a catalyst. They are widely used in confectionery items like pastries, cakes, cookies, bread, biscuits, and pastries. It is used in products that are perishable in nature, and its freshness and stability are most important.
The MEA market for baking enzymes is mainly driven by the declining use of emulsifiers, the uncovering of health and nutritional values, and high disposable income among consumers. Also, the decline in the use of emulsifiers, increased demand for packaged food, urbanization, and changes in lifestyle are the most important driving factors in the regional baking enzymes market.
However, market growth can decline due to factors like strict government rules and regulations regarding extensive usage.
These regions are estimated to achieve the highest gains in the near future. Due to the increasing penetration of global companies into the untapped markets of this region, there is a wide range of opportunities for growth in demand in this region.
Major Key players in the MEA baking enzymes market are 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
This research report on the Middle East and Africa baking enzymes market is segmented and sub-segmented into the following categories.
By Type
By Application
By Country
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