Rennet Market Comprehensive Survey 2031 | DuPont, Renco

Rennet Market-An Overview
Rennets are a group of enzymes, which are synthesized by the gastric cells obtained from the stomach of animals such as cattle.

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Rennets are being used in the milk coagulation process. The substance coagulates milk, by maintaining the normal pH of the milk.

The key component of rennets is chymosin, a protease enzyme that assists in curdling the casein component in milk. Rennets also comprise other enzymes such as pepsin and lipase. Rennets can be derived from two sources: plant-based and nettles. Plant-based rennets have been found to be less effective than nettles.

The rennet market worldwide is expected to witness strong growth during the forecast period between 2021 and 2031.

The COVID-19 pandemic had an adverse effect on the rennets demand, owing to the decrease in the manufacturing of cheese due to the partial or complete shutdown of manufacturing facilities.

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Rennet Market-Trends and Opportunities
Rising use of rennets in cheese production has emerged as the key growth driver in the global rennet market. Rennets have been used in cheese production as they help make the product softer, reduces bitterness, and improves the overall texture of the product.

Also, increasing environmental awareness and a rise in the vegan population globally is expected to fuel the growth in the rennet market, in the coming years.

In addition to this, a growing number of companies in the fast food and beverages product segment are expected to employ rennets in their manufacturing process, which could propel the rennet demand, as well. The nutritional properties of rennets is expected to have a positive impact on the rennet market, as well.

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The cheese application segment is expected to make the largest contribution to the overall rennet market, owing to the increased deployment of rennet in the cheese-making process.

The animal-derived rennet product is anticipated to contribute the most to the rennet market, owing to the growing protein catabolism among a large group of the population, globally.

Rennet Market-Competitive Landscape
The global rennet market has several well-known players. These players are expected to engage in different growth strategies such as novel product launches, in a bid to gain a competitive edge over the other market players.

Research and development activities to develop an improved quality of products that would meet a large base of consumers are expected to be a key growth strategy for the prominent players.

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The smaller players in the global rennet market will seek investments from governments and private investors, which would help them in their long-term growth.

Some of the leading players in the global rennet market include DuPont, Renco, WalcoRen, Bioactive Yeast Co. Ltd., Yangzhou Chemical Co. Ltd., and Iran Industrial Enzyme Ltd.

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