Global dairy enzymes market is expected to register growth at a formidable rate during the forecast period, 2023-2027. Dairy enzymes are used as coagulants to products dairy products like yogurt and cheese. These enzymes do not only facilitate digestion but also improve the solubility of the end product. The global dairy enzymes market growth can be attributed to the growing popularity of processed dairy foods like cheese, yogurt etc., owing to rapid urbanization and rise in working population. Additionally, increasing demand of low-lactose and lactose-free dairy products coupled with the rising need of reducing allergic properties of milk products for infants are anticipated to drive the market in the next five years. Besides, growing dietary trends like healthy eating and hydration habits and rising understanding of the advantages of personalized nutrition solutions among people are supporting the growth of the global dairy enzymes market. Westernization and changing lifestyles have led to a rising demand for lactose-free dairy products. Moreover, rising popularity of various types of flavoured dairy products and high level of investment into dairy enzymes by the market players are anticipated to fuel the market growth in the coming years.
The global dairy enzymes market is segmented on the basis of type, application, source, and region. Based on type, the market is divided into lactase, chymosin, microbial rennet, lipase, and others. The microbial rennet segment is predicted to lead the market in the forecast period as the enzyme produced by the microorganisms is vegan and cheaper than animal rennet. Based on application, the market is segmented into milk, cheese, ice-cream & desserts, yogurt, whey, infant formula, and others. The cheese segment is projected to hold the largest share by 2027 as cheese production requires the use of dairy enzymes like chymosin, catalase, lactase etc. Geographically, North America is expected to lead the market followed by the Europe & CIS region as the consumption of dairy enzymes has been dominant in the food processing as well as dairy industry in the constituent countries.
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Some of the leading players in the global dairy enzymes market are DowDuPont, Chr. Hansen Holding A/S, Kerry Group, Novozymes, DSM, Advanced Enzymes Technologies, Biocatalysts, Fytozimus Biotech, Connell Bros., SternEnzym, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Type · By Application · By Source |
| Region scope | Asia Pacific; Europe; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Canada, Mexico, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | DowDuPont, Chr. Hansen Holding A/S, Kerry Group, Novozymes, DSM, Advanced Enzymes Technologies, Biocatalysts, Fytozimus Biotech, Connell Bros., SternEnzym |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
