Global Dairy Enzymes Market, By Product Type (Lactase, Chymosin, Microbial Rennet, Lipase and Others), Source (Plant, Animal and Microorganism), Application (Milk, Cheese, Ice Cream and Desserts, Yogurt, Whey, Infant Formula and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the global dairy enzymes market will project a CAGR of 7.25% for the forecast period of 2022 -2029. Growth and expansion of the food and beverages industry, growing focus on innovations in the food and beverages sector, rising consumer consciousness towards high protein food and beverage products, surging availability and popularity of various types of fermented dairy products and increasing personal disposable income by the major companies are the major factors attributable to the growth of dairy enzymes market.
Enzymes are classified as proteins that facilitate the digestive process among living organisms. Therefore, dairy enzymes are the proteins that are found in dairy products and play a role in improving food quality. Dairy enzymes are useful in aiding effective digestion. Enzymes are used as coagulants which coagulate the milk to produce dairy products such as yogurt and cheese. Some enzymes are also used to add certain flavour and improve solubility of the end product. Use of enzymes saves water, energy, and chemicals which indicates that enzymes improve the quality of milk and all other milk products.
Rising personal disposable income and growing consumer consciousness towards advantages of dairy product consumption are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising demand for lactose free dairy products among consumers in the developing economies and rising lactose intolerant population are acting as market growth determinants. Improving distribution channel, rising availability and popularity of various types of flavoured dairy products, growing popularity of healthy and high protein products, introduction of natural and organic flavoured dairy products, high level investment in the dairy pharmaceutical market and changing tastes and preferences of consumers will further induce growth in the market value.
However, side effects on health associated with high consumption such as allergic reactions will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Stringent safety laws regarding usage of enzymes in food products will also hamper the market growth rate.
This dairy enzymes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dairy enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Dairy Enzymes Market Scope and Market Size
The dairy enzymes market is segmented on the basis of product type, source, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the dairy enzymes market is segmented into lactase, chymosin, microbial rennet, lipase and others. Others include proteases and catalases.
- On the basis of source, the dairy enzymes market is segmented into plant, animal and microorganism.
- On the basis of application, the dairy enzymes market is segmented into milk, cheese, ice cream and desserts, yogurt, whey, infant formula and others. Others include butter and edible cream products.
Dairy Enzymes Market Country Level Analysis
The dairy enzymes market is analyses and market size, volume information is provided by country, product type, source, and application as referenced above.
The countries covered in the dairy enzymes market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the dairy enzymes market and will continue to flourish its trend of dominance during the forecast period owing to the well-established food production chain and growing processed food and beverages manufacturing companies in this region. Asia-Pacific is set to register a high growth rate during the forecast period and score the highest CAGR owing to the increasing awareness about maintaining good health, rising westernization, changing lifestyle, high milk production countries such as India and China and increasing personal disposable income.
The country section of the dairy enzymes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dairy Enzymes Market Share Analysis
The dairy enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dairy enzymes market.
Some of the major players operating in the dairy enzymes market report are Dow., DuPont, Kerry Group., DSM, Chr. Hansen A/S, Novozymes, ADM, Cargill, Incorporated, Advanced Enzyme Technologies Limited, Amano Enzyme Inc., Fytozimus Biotech, ENMEX, SternEnzym GmbH & Co. KG, Biocatalysts, Wilbur-Ellis Holdings, Inc., Roquette Frères, Danisco A/S, FrieslandCampina, Biocon., Genencor International, Inc., Fonterra Co-operative Group Limited and DUMOCO among others.