The Global Dairy Enzymes Market would reach value of USD 999.8 Million by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the increasing prevalence of lactose intolerance among people. Moreover, increasing utilization of hydrocolloids by dairy-manufacturing companies to enhance the texture of dairy products is expected to drive the market for dairy enzymes during the forecast period. Furthermore, growing preference of obese people for low-fat and healthy food is also contributing to the demand for dairy enzymes. Moreover, rising incidence of digestive issues among people has driven the demand for fermented dairy products. This, in turn, has boosted the market for dairy enzymes.
Food-processing companies increasingly utilize microbial rennet for production of cheese. Growing inclination of health-conscious people toward vegan diet has driven the demand for microbial rennet, as vegetarians do not consume animal-derived rennet. Moreover, microbial rennet is much inexpensive than the rennet derived from animals. The lower cost of microbial rennet has resulted in the increasing adoption of this dairy enzyme among cheese manufacturers.
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Top competitors of the Dairy Enzymes Market profiled in the report include:
- DuPont
- Kerry Group
- Chr Hansen Holding A/S
- DSM
- Advanced Enzymes Technologies
- Connell Bros
- Novozymes A/S
- Biocatalysts Ltd
- Amano Enzyme
- SternEnzym
- Others
Key Highlights of Report
- In December 2020, DuPont Nutrition & Biosciences announced the launch of Versilk in North America. The new product is the latest in the company’s range of enzymes. Its use helps beverages and yogurt attain optimal taste and texture.
- The cheese segment held the largest market share of 33.7% in 2019. Dairy enzymes help reduce the bitterness of whey, improve freshness of cheese, and assist in the digestion of milk, which is driving the segment.
- The microbial segment is anticipated to expand at the most rapid CAGR of 8.1% during the forecast period. Rising demand for cheese with rich flavor and texture has led to increasing utilization of microbial rennet, which is driving the microbial
- North America accounted for the largest share of the global dairy enzymes market in 2019. Increasing demand among health-conscious people for innovative dairy products that are sugar-free, lactose-free, and enriched in prebiotic fiber is driving the market for dairy enzymes in the region.
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Emergen Research has segmented the global dairy enzymes market in terms of application, type, and region:
Application Outlook (Revenue, USD Million; 2017–2027)
- Cheese
- Milk
- Yoghurt
- Infant Formula
- Ice Cream & Desserts
- Others
Type Outlook (Revenue, USD Million; 2017–2027)
- Chymosin
- Lipase
- Lactase
- Microbial Rennet
- Others (Catalases and Proteases)
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Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Objectives of the Report:
- Analysis and estimation of the Dairy Enzymes market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Dairy Enzymes market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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