Rennet Market Trends Highlight Growing Popularity of Animal-Derived and Alternative Rennet Sources

"Rennet Market" in terms of revenue was estimated to be worth USD 731.2 Mn in 2024 and is poised to reach USD 1356.2 Mn by the year 2034, growing at a CAGR of 6.5% from 2025 to 2034, according to a new report by Insight Ace Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Rennet market are:
• Rising consumption of cheese
• Presence of various food options

The following are the primary obstacles to the Rennet market's expansion:
• Administration laws of the slaughtering of animals
• Religious beliefs and other increased risks
• Growing vegan population

Future expansion opportunities for the global Rennet market include:
• Advances in the packaging industry
• Increasing manufacturing efficiency by changing sources
• Market expansions by major players

Key Industry Insights & Findings from the Report:
• The advent of new technologies in the industry and the presence of vegan options and vegetarian options across several parts of the world are expected to boost the overall growth of the rennet market.
• The increasing demand for cheese and other available food options is expected to drive industry growth.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• One of the significant concerns restraining industry growth is the slaughtering of animals and the laws to protect them.

Market Analysis:
The growth of the rennet market is primarily propelled by the increasing establishment of cheese manufacturing facilities and the rising global consumption of cheese, which is valued for its nutritional benefits. Furthermore, the expansion of dairy farming operations dedicated to milk production, coupled with the escalating demand for a wide variety of dairy products, is generating positive prospects for the sustained development of the rennet industry.

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List of Prominent Players in the Rennet Market:
• International Flavors & Fragrances Inc.
• Intermak Inc.
• Punature Food Ingredient Co. Ltd
• Walcovit Inc.
• Hebei Yoko Biotech Co. Ltd
• Koninklijke DSM NV
• MAYASAN Food Industries AS
• Calza Clemente SRL
• Iran Industrial Enzymes Company
• Sacco SRL

Recent Developments:
• In June 2022, DuPont brand Danisco launched Aspartic protease Chymostar, a new milk-coagulating preparation for dairy products. It will be used to make a variety of cheeses, including hard, semi-hard, soft, and mould-ripened varieties. It will also improve the taste of cheese by speeding up the maturation process.
• In January 2020, PunatureFood Ingredient Co. Ltd. started the production of chymosin, also known as rennin, in their China manufacturing unit.
Rennet Market Dynamics

Market Drivers: Rising Global Cheese Consumption
The increasing worldwide demand for cheese, driven by its high nutritional value and protein-rich composition, serves as a primary catalyst for the growth of the rennet market. Rennet, an enzyme traditionally obtained from the stomach lining of calves, plays a crucial role in the coagulation of milk during cheese production. Its broad applicability across diverse consumer demographics further supports market expansion. Additionally, the growing consumption of processed foods has elevated the use of cheese as a convenient and versatile ingredient, thereby creating substantial opportunities for rennet manufacturers and food processing companies.

Challenges: Growing Veganism and Ethical Concerns
The rising adoption of vegan diets and preferences for strict vegetarianism present considerable challenges to the rennet market. Ethical objections to sourcing rennet from animal origins, coupled with the increasing availability of plant-based and microbial rennet alternatives, are influencing consumer shifts away from traditional animal-derived rennet. Furthermore, religious and cultural beliefs in certain regions, where cows hold sacred status, also limit the acceptance of animal-based rennet. These factors collectively impede the broader market penetration of conventional rennet products.

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North America Is Expected To Grow With the Highest CAGR during the Forecast Period
The North American rennet market is anticipated to secure a significant revenue share and demonstrate strong compound annual growth over the forecast period. This expansion is driven by factors such as the increasing adoption of advanced cheese production technologies in the United States, alongside the prominence of key states like Wisconsin and California, which are recognized as leading hubs for cheese manufacturing globally. Furthermore, the region's high per capita cheese consumption continues to sustain robust demand for rennet. While the growth of the vegan population presents certain challenges, the market remains resilient due to persistent consumer preference for dairy-based products. Additionally, international manufacturers are making strategic investments in North America to leverage its market potential, thereby supporting the continued development of the rennet industry in the region.

Segmentation of Rennet Market-
By Type-
• Animal-derived Rennet
• Microbial Rennet
• FPC- Fermentation Produced Chymosin Rennet
• Vegetable Rennet
By Form-
• Liquid
• Powder
• Paste
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/global-rennet-market/1477

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This release was published on openPR.