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2021
Dairy Enzyme Market

Dairy Enzyme Market by Type (Lactase, Chymosin, Microbial Rennet, and Lipase), Application (Milk, Cheese, Ice Cream & Desserts, Yogurt, Whey, and Infant Formula), and Source (Plant, Animal, and Microorganism): Global Opportunity Analysis and Industry Forecast, 2021–2030

A14280
Pages: NA
Dec 2021 | 128 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The increase in availability and popularity of various types of fermented dairy products is predicted to accelerate market expansion. Enzymes are a type of protein that appears to be highly selective. These compounds aid in the digestion of live organisms and aid in the improvement of food quality. Enzymes' qualities have made them useful in a variety of fields, including food and beverage, industry, and chemicals. The global demand for fermented milk products has increased due to the growth in prevalence of digestive diseases. Probiotics are a major player in the burgeoning digestive health products market, and they are popular among people of all ages. Probiotic food items have become a necessity as consumers' preferences for digestive health-related products have shifted.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

 Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

  Type, Application, and Source

  Companies Covered

Kerry Group,Biocatalysts,Dow DuPont,Advanced Enzymes Technologies,SternEnzym,Danisco A/S,Amano Enzyme,Novozymes,CHR. Hansen,DSMFood Specialties

 

COVID-19 Impact analysis

  • Many small-scale dairy enzyme manufacturers were severely harmed during the COVID-19 pandemic, as reliance on out-of-home channels was impossible for individuals due to lockdown in many nations.
  • There has been a substantial shift in consumer behavior, creating a fresh chance for mid- and large-scale manufacturers to expand their product sales in the third quarter of 2020.
  • Key sales channels such as departmental stores were closed owing to lockdown restrictions due to which corporations reported a drop in revenues at the start of the year.
  • Manufacturers were additionally affected by growth in agricultural raw material and packaging material costs, on top of dealing with these challenges. Furthermore, businesses faced not just rise in expenses, but also major supply issues with packaging materials.

Top Impacting Factors

  • Yogurt is an example of a probiotic milk drink that is available in both drinkable and traditional forms, as well as in a variety of flavors, making it one of the most popular food products among customers looking for digestive health advantages.
  • The increase in use of enzymes in the manufacturing of various dairy products is expected to drive market expansion in the coming years. The paper goes into great detail about how these goods are used.
  • The main market players have employed key sustainability tactics such as product launches and expansions to assure the dairy enzyme industry's growth. The report also includes updates on the activities of other significant stakeholders.
  • The Asia-Pacific region is estimated to have the greatest potential for growth in the dairy enzymes market, with the quickest CAGR during the projected period.

Market Trends

Increased Demand for Low-lactose and Lactose-free Dairy Products

The growth in number of lactose intolerant people, as well as consumer demand for lactose-free dairy products have driven the global industry forward. Increased health awareness has increased demand for low-lactose and lactose-free dairy products, resulting in the introduction of new product lines to the market. Furthermore, change in lifestyles, changes in food consumption habits, increased knowledge of the environmental benefits associated with enzymes, and rise in demand for ready-to-use and processed food products are the primary drivers driving the dairy enzymes market expansion. These driving elements have unquestionably propelled the market expansion and stimulated the dairy enzymes market. As consumers become more aware of the negative health effects of processed dairy goods, demand has increased.

A Significant Increase in Consumption of Dairy Products

The global increase in dairy product consumption has resulted in overall market expansion for dairy enzymes. This is due to growth in public knowledge of the benefits of dairy consumption. Market expansion is anticipated to be aided by the introduction of new varieties of dairy products that may be used by consumers with a variety of needs. The increase in people's disposable money has resulted in market expansion. For example, people's increase in health consciousness has led in greater consumption of products with high protein content. This has resulted in increased use of products like organic whey protein.

Key Segments Covered

Type

  • Lactase
  • Chymosin
  • Microbial Rennet
  • Lipase

Application

  • Milk
  • Cheese
  • Ice Cream & Desserts
  • Yogurt
  • Whey
  • Infant Formula

Source

  • Plant
  • Animal
  • Microorganism

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the dairy enzyme industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dairy enzyme market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the dairy enzyme market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed dairy enzyme market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Which are the leading players active in the dairy enzyme market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "dairy enzyme market" prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "dairy enzyme market" market?
 
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