Global Dairy Enzymes Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2023-2032

The dairy enzyme market is projected to grow at a CAGR of 7.18% from 2017 and reach USD 734.6 million by 2022. The base year covered by the study is 2016 and the forecast period is 2017-2022.

The underlying objective of the report is to define, segment and forecast the global Dairy Enzymes market size based on type, source, application and region. It also helps us understand the structure of the market by identifying different segments. Other purposes include analyzing market opportunities for stakeholders, displaying the competitive landscape of market trends, and forecasting the size of the market and its submarkets in terms of value. This report contains market size estimates (in millions of US dollars) by value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the global Dairy Enzymes market and the size of various other sub-markets it depends on. Key players in the market have been identified through secondary research. These sources include press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals. The market share in each region has also been determined through primary and secondary research.

All percentages, splits and breakdowns were determined using secondary sources and verified by primary sources. The chart below provides a profile breakdown of the industry experts who participated in key discussions. The cheese sector is estimated to hold the largest market share in 2017. Various microorganisms such as Aspergillus oryzae, Irpex and Rhizomucor pusillus are widely used for rennet production during the cheese making process. Most cheese makers use rennet, lactic acid, or plant-based enzymes from wild artichokes, fig leaves, safflower, and melon to speed up the coagulation process. In addition to plants and microorganisms, enzymes are also obtained from young ruminants.

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Market Segmentation:
Type: The dairy enzymes market is segmented into lactase, rennet, protease, lipase, and others. Lactase is the most commonly used type of dairy enzyme, used to break down lactose in milk and dairy products. Rennet is used in the production of cheese, while protease and lipase are used to improve the texture and flavor of dairy products.

Source: The dairy enzymes market is segmented into microbial, plant, and animal. Microbial sources are the most commonly used source of dairy enzymes, as they are easy to cultivate and produce high yields. Plant and animal sources are also used, but to a lesser extent.

Application: The dairy enzymes market is segmented into cheese, yogurt, milk, and others. Cheese is the largest application segment, driven by the increasing demand for cheese products in developed countries. Yogurt is also a significant application segment, driven by the increasing demand for convenient and healthy dairy products.

Region: The dairy enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are the largest markets, while Asia Pacific is expected to witness significant growth in the coming years.

Overall, the dairy enzymes market is expected to witness significant growth across all segments in the coming years, driven by the increasing demand for dairy products with improved nutritional value, taste, and texture. The market is also expected to benefit from the development of new and advanced enzyme technologies to meet the evolving needs of the food and beverage industry.

Key Players:
Chr. Hansen Holding A/S
DSM N.V.
Kerry Group plc
Novozymes A/S
Advanced Enzyme Technologies Limited
DowDuPont Inc.
Amano Enzyme Inc.
Biocatalysts Ltd.
Connell Bros. Co. LLC
SternEnzym GmbH & Co. KG

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Regional Analysis:
North America: The North American region is a mature market for dairy enzymes, with a high level of product penetration and adoption. The region is expected to continue to dominate the market, driven by the increasing demand for cheese and yogurt products.

Europe: The European region is another mature market for dairy enzymes, driven by the increasing demand for dairy products with improved nutritional value and texture. The market is also expected to benefit from the growing trend towards clean-label and natural ingredients in food processing.

Asia Pacific: The Asia Pacific region is expected to witness significant growth in the dairy enzymes market, driven by the increasing demand for dairy products in developing countries such as China and India. The region is also witnessing an increase in urbanization and disposable income, leading to a rise in demand for convenient and ready-to-eat dairy products.

Latin America: The Latin America region is expected to witness moderate growth in the dairy enzymes market, driven by the increasing demand for dairy products with improved quality and nutritional value. The market is also expected to benefit from the growing trend towards clean-label and natural ingredients in food processing.

Middle East & Africa: The Middle East & Africa region is expected to witness steady growth in the dairy enzymes market, driven by the increasing demand for dairy products with improved shelf-life and texture. The market is also expected to benefit from the development of new and advanced enzyme technologies to meet the evolving needs of the food and beverage industry.

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Reasons to Purchase Dairy Enzymes Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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