HOME Top Market Reports Dairy Enzymes Market by Type (Lactase, Chymosin, Microbial Rennet, Lipase), Application (Milk, Cheese, Ice Cream & Desserts, Yogurt, Whey, Infant Formula), Source (Plant, Animal & Microorganism), and Region - Global Forecast to 2022

Dairy Enzymes Market by Type (Lactase, Chymosin, Microbial Rennet, Lipase), Application (Milk, Cheese, Ice Cream & Desserts, Yogurt, Whey, Infant Formula), Source (Plant, Animal & Microorganism), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: FB 1568

 

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The dairy enzymes market was valued at USD 492.2 Million in 2016, and is projected to grow at a CAGR of 7.18% from 2017, to reach USD 734.6 Million by 2022. The base year considered for the study is 2016, while the forecast period spans from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size of the dairy enzymes market on the basis of type, source, application, and region. It also helps to understand the structure of the dairy enzymes market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders and providing the competitive landscape of the market trends, and projecting the size of the dairy enzymes market and its submarkets, in terms of value.

This report includes estimations of the market size in terms of value (USD million). Both top-down and bottom-up approaches have been used to estimate and validate the size of the global dairy enzymes market and to estimate the size of various other dependent submarkets. The key players in the market have been identified through secondary research; some of these sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals; their market shares in the respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of the profiles of industry experts that participated in the primary discussions.

Dairy Enzymes Market

To know about the assumptions considered for the study, download the pdf brochure

Key participants in the dairy enzymes market are the dairy enzyme manufacturers, suppliers, and end users. The key players that are profiled in the report include DowDuPont (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Novozymes (Denmark), Advanced Enzymes Technologies (India), Amano Enzymes (Japan), Fytozimus Biotech (Canada), Enmex (Mexico), SternEnzym (Germany), Biocatalysts (UK), and Connell Bros (US).

This report is targeted at the existing players in the industry, which include the following:

  • Raw material suppliers
  • Dairy enzyme manufacturers/suppliers, importers, and exporters
  • Intermediary suppliers
  • Consumers/End-user industries

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next two to five years, for prioritizing efforts and investments.”

Scope of the Report

On the basis of Type, the dairy enzymes market has been segmented as follows:

  • Lactase
  • Chymosin
  • Microbial rennet
  • Lipase
  • Others (proteases and catalases)

On the basis of Source, the dairy enzymes market has been segmented as follows:

  • Plant
  • Animal & microorganism

On the basis of Application, the dairy enzymes market has been segmented as follows:

  • Milk
  • Cheese
  • Ice cream & desserts
  • Yogurt
  • Whey
  • Infant formula
  • Others (butter and edible cream products)

On the basis of Region, the dairy enzymes market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • RoW (South America and the Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Segment Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Detailed analysis at the volume level can also be provided

Regional Analysis

  • Further breakdown of the Rest of Asia Pacific dairy enzymes market, by country
  • Further breakdown of the Rest of European dairy enzymes market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Dairy Enzymes Market
    4.2 Dairy Enzymes Market Size, By Application, 2017 vs 2022
    4.3 Dairy Enzymes Market, By Type, 2017 vs 2022
    4.4 Dairy Enzymes Market, By Application & Region
    4.5 North American Dairy Enzymes Market, By Type & Country

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Consumption of Dairy Products
                    5.2.1.2 Growing Demand for Low-Lactose and Lactose-Free Dairy Products
                    5.2.1.3 Environmental Benefits Associated With Enzymes
           5.2.2 Restraints
                    5.2.2.1 Restricted Operational Conditions
                    5.2.2.2 Dairy Allergies
           5.2.3 Opportunities
                    5.2.3.1 Emerging Applications of Dairy By-Products
                    5.2.3.2 Abolition of Milk Quota in the European Union
           5.2.4 Challenges
                    5.2.4.1 Safety and Regulatory Aspects of Enzyme Use
                    5.2.4.2 Controversy Around Fermentation-Processed Chymosin (FPC) and GMO

6 Dairy Enzymes Market, By Type (Page No. - 35)
    6.1 Introduction
    6.2 Lactase
    6.3 Chymosin
    6.4 Microbial Rennet
    6.5 Lipase
    6.6 Others

7 Dairy Enzymes Market, By Application (Page No. - 43)
    7.1 Introduction
    7.2 Milk
    7.3 Cheese
    7.4 ICE Cream & Desserts
    7.5 Yogurt
    7.6 Whey
    7.7 Infant Formula
    7.8 Others

8 Dairy Enzymes Market, By Source (Page No. - 52)
    8.1 Introduction
    8.2 Plant
    8.3 Animal & Microorganism

9 Dairy Enzymes Market, By Region (Page No. - 56)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Italy
           9.3.4 UK
           9.3.5 Spain
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Australia & New Zealand
           9.4.5 Rest of Asia Pacific
    9.5 Rest of the World (RoW)
           9.5.1 South America
           9.5.2 Middle East & Africa

10 Competitive Landscape (Page No. - 84)
     10.1 Overview
     10.2 Market Ranking
     10.3 Key Market Strategies
     10.4 Competitive Scenario
             10.4.1 Expansions & Investments
             10.4.2 New Product Launches
             10.4.3 Mergers & Acquisitions
             10.4.4 Agreements, Partnerships, Collaborations, and Joint Ventures

11 Company Profiles (Page No. - 90)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     11.1 CHR. Hansen
     11.2 Dowdupont
     11.3 DSM
     11.4 Kerry Group
     11.5 Novozymes
     11.6 Advanced Enzymes Technologies
     11.7 Amano Enzyme
     11.8 Connell Bros.
     11.9 Biocatalysts
     11.10 SternEnzym
     11.11 Enmex
     11.12 Fytozimus Biotech

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 111)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (67 Tables)

Table 1 US Dollar Exchange Rates Considered for the Study, 2014–2016
Table 2 Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 3 Lactase Market Size, By Region, 2015–2022 (USD Million)
Table 4 Lactase Market Size, By Application, 2015–2022 (USD Million)
Table 5 Chymosin Market Size, By Region, 2015–2022 (USD Million)
Table 6 Microbial Rennet Market Size, By Region, 2015–2022 (USD Million)
Table 7 Chymosin and Microbial Rennet Market Size, By Application, 2015–2022 (USD Million)
Table 8 Lipase Market Size, By Region, 2015–2022 (USD Million)
Table 9 Lipase Market Size, By Application, 2015–2022 (USD Million)
Table 10 Other Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 11 Other Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 12 Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 13 Milk: Dairy Enzymes Market, By Region, 2015–2022 (USD Million)
Table 14 Cheese: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 15 ICE Cream & Desserts: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 16 Yogurt: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 17 Whey: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 18 Infant Formula: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 19 Other Applications: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 20 Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 21 Plant-Sourced Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 22 Animal & Microorganism-Sourced Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 23 Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 24 North America: Dairy Enzymes Market Size, By Country, 2015–2022 (USD Million)
Table 25 North America: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 26 North America: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 27 North America: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 28 US: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 29 US: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 30 US: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 31 Canada: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 32 Mexico: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 33 Europe: Dairy Enzymes Market Size, By Country, 2015–2022 (USD Million)
Table 34 Europe: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 35 Europe: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 36 Europe: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 37 Germany: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 38 Germany: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 39 Germany: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 40 France: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 41 Italy: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 42 UK: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 43 Spain: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 44 Rest of Europe: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 45 Asia Pacific: Dairy Enzymes Market Size, By Country, 2015-2022 (USD Million)
Table 46 Asia Pacific: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 47 Asia Pacific: Dairy Enzymes Market Size, By Type, 2015-2022 (USD Million)
Table 48 Asia Pacific: Dairy Enzymes Market Size, By Application, 2015-2022 (USD Million)
Table 49 China: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 50 India: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 51 Japan: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 52 Australia & New Zealand: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 53 Australia & New Zealand: Dairy Enzymes Market Size, By Type, 2015-2022 (USD Million)
Table 54 Australia & New Zealand: Dairy Enzymes Market Size, By Application, 2015-2022 (USD Million)
Table 55 Rest of Asia Pacific: Dairy Enzymes Market Size, By Source, 2015-2022 (USD Million)
Table 56 RoW: Dairy Enzymes Market Size, By Region, 2015–2022 (USD Million)
Table 57 RoW: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 58 RoW: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 59 RoW: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 60 South America: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 61 South America: Dairy Enzymes Market Size, By Type, 2015–2022 (USD Million)
Table 62 South America: Dairy Enzymes Market Size, By Application, 2015–2022 (USD Million)
Table 63 Middle East & Africa: Dairy Enzymes Market Size, By Source, 2015–2022 (USD Million)
Table 64 Expansions & Investments, 2012–2017
Table 65 New Product Launches, 2012–2017
Table 66 Mergers & Acquisitions, 2012–2017
Table 67 Agreements, Partnerships, Collaborations, and Joint Ventures, 2012–2017
 
 
List of Figures (34 Figures)
 
Figure 1 Market Segmentation
Figure 2 Geographic Scope
Figure 3 Dairy Enzymes Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation & Methodology
Figure 7 Dairy Enzymes Market Snapshot, By Type, 2017 vs 2022
Figure 8 Dairy Enzymes Market Snapshot, By Application, 2017 vs 2022
Figure 9 Dairy Enzymes Market Size, By Source, 2017 vs 2022
Figure 10 Dairy Enzymes Market Size, By Region, 2016
Figure 11 Increasing Usage of Cheese in the Fast Food Industry to Drive the Growth of Dairy Enzymes Market in Forecast Period
Figure 12 Cheese Application Accounted for the Largest Share of the Dairy Enzymes Market in 2017
Figure 13 Chymosin is Projected to Remain the Largest Market By 2022
Figure 14 Cheese Application Was the Largest Segment Across All Regions in 2016
Figure 15 US & Chymosin Accounted for the Largest Share of the North American Dairy Enzymes Market in 2016
Figure 16 Dairy Enzymes Market Dynamics
Figure 17 Yogurt Consumption in the US, 1991—2014 (Pounds Per Capita)
Figure 18 Growth of Lactose-Free Products With Respect to Dairy Products (CAGR for 2007 to 2012 & 2012 to 2017)
Figure 19 Geographic Snapshot (2017–2022): Dairy Enzyme Market
Figure 20 US Dominated the Market for Dairy Enzymes in North America in 2016
Figure 21 Germany Was the Largest Market for Dairy Enzymes in the Europe
Figure 22 Australia & New Zealand Was the Largest Market for Dairy Enzymes in the Asia Pacific
Figure 23 Top Five Players Led the Global Dairy Enzymes Market, 2016
Figure 24 Dairy Enzymes Market Developments, By Growth Strategy, 2012–2017
Figure 25 CHR. Hansen: Company Snapshot
Figure 26 CHR. Hansen: SWOT Analysis
Figure 27 Dowdupont: SWOT Analysis
Figure 28 DSM: Company Snapshot
Figure 29 DSM: SWOT Analysis
Figure 30 Kerry Group: Company Snapshot
Figure 31 Kerry Group: SWOT Analysis
Figure 32 Novozymes: Company Snapshot
Figure 33 Novozymes: SWOT Analysis
Figure 34 Advanced Enzymes Technologies: Company Snapshot

The dairy enzymes market is estimated at USD 519.4 Million in 2017, and is projected to reach USD 734.6 Million by 2022, at a CAGR of 7.18% during the forecast period. The global demand for dairy enzymes is increasing significantly due to the increasing consumption of dairy products such as cheese and yogurt, growing demand for low-lactose and lactose-free dairy products, and environmental benefits associated with enzymes.

Based on type, the microbial rennet segment is projected to grow at the highest CAGR from 2017 to 2022. Microbial rennet is considered vegetarian-friendly as the enzyme produced by the microorganism is not derived from animals. Moreover, microbial rennet is less expensive than animal rennet. These are the major factors driving the growth of the microbial rennet segment, worldwide.

The cheese segment is estimated to account for the largest share of the global dairy enzymes market in 2017. Various microbes such as Aspergillus oryzae, Irpex, and Rhizomucor pusillus are extensively used for rennet production during the cheese making process. Most cheese producers expedite the curdling process with rennet, lactic acid, or plant-based enzymes from wild artichokes, fig leaves, safflowers, or melons. Other than plants and microbes, enzymes are also extracted from young ruminants.

The animal & microorganism segment is estimated to account for a larger share of the global dairy enzymes market in 2017. They are the most popular source of dairy enzymes preferred by manufacturers due to the extraction process. Also, comprehensive research on microorganisms is easier to perform and more cost-effective as compared to plant-sourced dairy enzymes.

The Asia Pacific region is projected to be the fastest-growing market for dairy enzymes during the forecast period as its economic importance has increased in the last decade. India and China are the main countries contributing to the high demand for dairy enzymes in this region. The region’s enhanced industrialized growth over the years, followed by improvements in the food & beverage industry, has opened up new opportunities for the dairy enzymes market. The economic growth of the region, coupled with the increasing demand for nutritious dairy products is expected to fuel growth in the future. North America is estimated to account for the largest share in 2017, followed by Europe. The consumption of dairy enzymes has been dominant in developed regions such as North America and Europe due to the presence of a developed food processing industry. The significant presence of a large dairy industry offers the North American dairy enzymes market a prominent consumer base as well as growth prospects.

Dairy Enzymes Market

The major restraining factors for the growth of the dairy enzymes market are the high chances of respiratory problems in people and allergies to various dairy products, especially milk. Dairy allergy is one of the major restraints for the dairy industry and, in turn, for the dairy enzymes market.

Companies such as Chr. Hansen (Denmark), DowDuPont (US), DSM (Netherlands), Novozymes (Denmark), and Kerry Group (Ireland) collectively account for a share of more than half of the dairy enzymes market. These companies have a strong presence in Europe and North America. They also have manufacturing facilities across these regions and a strong distribution network.

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