Dairy Enzymes Market Share Growing Rapidly with Recent Trends and Outlook 2020 – 2027
The global dairy enzymes market is expected to be valued at USD 999.8 million by 2027 from USD 593.2 million in 2019, registering a CAGR of 7.2% through the forecast period, according to the latest report by Emergen Research. This market growth can be attributed to the rising prevalence of lactose intolerance. In addition, it is estimated that the growing use of hydrocolloids by dairy manufacturing companies to improve the texture of dairy products would drive the dairy enzyme market during the forecast period. Moreover, the rising preference of obese individuals for low-fat and nutritious foods also adds to the demand for dairy enzymes. The increased occurrence of digestive problems among individuals has propelled the market for fermented dairy products. This, in turn, has improved the dairy enzyme market.
Food-processing businesses are using microbial rennet for cheese production. The market for microbial rennet has been motivated by the health-conscious people’s inclination for vegan diets, as vegetarians do not eat animal-derived rennet. In addition, the microbial rennet is much cheaper than the animal-derived rennet. The lower cost of microbial rennet has led to the growing adoption by cheese manufacturers of dairy enzymes.
The study includes valuable data, including the breakdown of information of market by type, geography, product application and classification. An overview of the current and future trends examined in the report for the forecast period 2020 – 2027 aim at influencing the imperative advance prominent vendors are expected to have over their competitors.
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Key Report Highlights
DuPont Nutrition & Biosciences announced the launch of Versilk in North America in December 2020. In the company’s portfolio of enzymes, the new product is the latest. Its use helps achieve optimum taste and texture for beverages and yoghurt.
In 2019, the cheese sub-segment had the highest CAGR of 33.7% market share. Dairy enzymes help reduce whey bitterness, enhance cheese freshness, and help digest the milk that drives the segment growth.
During the forecast period, the microbial sub-segment is projected to grow at the fastest CAGR of 8.1%. Growing demand for rich flavour and texture cheese has led to increased use of microbial rennet, which is driving the segment.
The largest regional share of the global market for dairy enzymes in 2019 was held by North America. Rising demand among health-conscious people for innovative sugar-free, lactose-free, and prebiotic fiber-enriched dairy products is driving the region’s market for dairy enzymes.
Key market participants include DuPont, Kerry Group, Chr Hansen Holding A/S, DSM, Advanced Enzymes Technologies, Connell Bros., Novozymes A/S, Biocatalysts Ltd, Amano Enzyme, and SternEnzym
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Emergen Research has segmented the global dairy enzymes market based on 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)
Regional Outlook (Revenue, USD Million; 2017–2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Rest of MEA
Here are the questions we answer…
At what rate will the Dairy Enzymes Market grow? What will be the value of the market in 2027?
What are the key technologies driving the Dairy Enzymes Market?
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What are the strategies adopted by players to enter the APAC region?
What is the critical application of the Dairy Enzymes Market in the different sectors?
What are future growth strategies in the market?
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Table of Content
Chapter 1. Market Synopsis
1.1. Dairy Enzymes Market Definition
1.2. Dairy Enzymes Market Research Scope & Premise
1.3. Dairy Enzymes Market Methodology
1.4. Dairy Enzymes Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Dairy Enzymes Market Segmentation & Impact Analysis
4.1. Dairy Enzymes Market Product Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Chapter 5. Dairy Enzymes Market By Method Insights & Trends
Chapter 6. Dairy Enzymes Market By End-Use Insights & Trends
Chapter 7. Dairy Enzymes Market By Application Insights & Trends
Chapter 8. Dairy Enzymes Market Regional Outlook
Chapter 9. Dairy Enzymes Market Competitive Landscape
Chapter 10. Company Profiles
Continue…
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