According to a recent report from Reports and Data, the global market for dairy enzymes was valued at USD 669.5 million in 2021, and is expected to see a compound annual growth rate (CAGR) of 7.3% during the forecast period. This growth is primarily driven by the increasing consumption of dairy products, such as cheese, milk, and yogurt, among others. Various enzymes, including protease and lipase, are used in dairy food applications to improve flavor and reduce the allergenic potential of cow's milk-based products. Proteolysis limits the acidic and flavorless caseins, which can be added to acidic foods and beverages. In cases where neonates have a milk allergy, casein hydrolysates are recommended. Additionally, lipolysis significantly impacts the flavor of Swiss cheese. The market revenue growth is mainly attributed to the increasing demand for enzymes that offer a range of benefits, including coagulation, bio-protection, and increased shelf life of dairy products. Dairy enzymes are used to break down various milk products, including cheese, yogurt, milk, and more. Enzymes like catalase, lactase, protease, esterase, and lactase are commonly used in food and dairy products.
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Top Companies Operating in the Global Chymosin Dairy Enzymes Market Report:
Hansen Holding A/S, DuPont de Nemours, Inc., DSM, Kerry Group plc, Novozymes A/S, Advanced Enzymes Technologies, Amano Enzyme Inc., Wilbur-Ellis Holdings, Inc., Biocatalysts, and SternEnzym GmbH Co. KG.
Restraining Growth of Chymosin Dairy Enzymes Market
- Government Regulations: The government can impose regulations on the use of certain enzymes in the dairy industry, which could limit the growth of the market. For example, if a particular enzyme is found to have adverse effects on health or the environment, the government could ban its use.
- Alternative products: The development of alternative products, such as plant-based milk, could reduce the demand for dairy enzymes and limit the growth of the market.
- Consumer preferences: Changes in consumer preferences towards healthier or more sustainable products could reduce demand for dairy products, and in turn, the demand for dairy enzymes.
- Environmental concerns: The dairy industry has come under scrutiny due to its impact on the environment. Increased awareness and concern about environmental issues could lead to a reduction in demand for dairy products, and in turn, the demand for dairy enzymes.
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This report analyzes the Chymosin Dairy Enzymes Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Chymosin Dairy Enzymes Market is provided to gain a deeper understanding of its growth and progress.
The global Chymosin Dairy Enzymes Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Lactase
- Chymosin
- Microbial Rennet
- Lipase
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Milk
- Cheese
- Ice-cream dessert
- Others
Source Outlook (Revenue, USD Billion; 2019-2030)
- Plant
- Animal Microorganism
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