Global Dairy Enzymes Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Dairy enzymes market in its upcoming report titled, “Global Dairy Enzymes Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global dairy enzymes market is estimated to register a CAGR of approximately 7% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global dairy enzymes market report has been segmented on the basis of source, type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Enzymes are type of proteins that cause certain type of desired reaction. Enzymes work as coagulants, and are used to make yogurt or cheese. It is used to coagulate milk to produce certain dairy product. Some enzymes are also used to add flavor, sweetness, and improve solubility. In addition, enzymes are used to improve quality of milk and milk products.
Increasing demand for dairy products among consumers is a major factor driving growth of the global dairy enzymes market. Use of enzymes saves water, energy, and chemicals, as well as improves shelf life of food products. Growing awareness regarding advantages of dairy product consumption is another factor fueling growth of the global market. Enzymes are also used in lactose free dairy products. High lactose intolerant population, coupled with increasing demand for lactose free dairy products among consumers are factors propelling growth of the global market. Furthermore, increasing availability and popularity of various types of flavored dairy products is a factor expected to boost growth of the global dairy enzymes market in the near future.
However, safety laws regarding usage of enzymes in food products and allergic reaction to dairy products may hamper growth of the global dairy enzymes market. Nevertheless, introduction of natural and organic flavored dairy products at affordable cost can create high revenue opportunities for players in the target market.
The market in North America accounts for major share in terms of revenue, followed by Europe. The market in Asia Pacific is expected to witness a significant growth in terms of revenue, owing to growing processed food & beverages manufacturing companies in this region. Increasing consumption of dairy products, coupled with high milk production countries such as India and China are also factors driving growth of the target market in this region. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period.
Global Dairy Enzymes Market Segmentation:
Segmentation by source:
- Animals or Microorganisms
Segmentation by type:
- Microbial Rennet
- Others (Catalases and Proteases)
Segmentation by application:
- Infant Formula
- Others (Deserts and edible creams products)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- DowDuPont Inc.
- Kerry Group plc
- Koninklijke DSM N.V.,
- Hansen Holding A/S
- Novozymes A/S
- Advanced Enzyme Technologies Limited
- Amano Enzyme
- Fytozimus Biotech Inc.
- Enmex, S.A.de C.V
- SternEnzym GmbH & Company KG
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