Global Dairy Enzymes Market - Growth, Trends, and Forecast (2020 - 2025)

The Global Dairy Enzymes Market is Segmented by Type (Lactase, Lipase, Proteases, Microbial Rennet, and Other Types), Application (Milk, Cheese, Yogurt, Desserts and Ice cream, Infant Formula, and Other Applications), and Geography

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

7.2 %

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Market Overview

The global dairy enzymes market is anticipated to register a CAGR of 7.2% during the forecast period (2020-2025). 

  • The market is driven by the increasing consumption of cheese, yogurt, and other dairy products in the developing markets. Increasing competition in the market, for staying ahead in the dynamic dairy sector, requires the best technology and expertise to remain flexible, efficient, and profitable. 
  • The rising demand for various dairy-incorporated processed foods is also boosting the market's sales. With the growing concern about lactose intolerance, there is an increasing application of dairy enzymes in low-lactose products.

Scope of the Report

The global dairy enzymes market is segmented by type, into lactase, lipase, proteases, microbial rennet, and other types. The market is segmented by aplication, into milk, cheese, yogurt, desserts and ice cream, infant formula, and other applications. The report also includes the geographical segmentation of the market. 

By Type
Lactase
Lipase
Proteases
Microbial Rennet
Other Types
By Application
Milk
Cheese
Yogurt
Desserts and Ice cream
Infant Formula
Other Applications
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Increasing Digestive Heath Concerns are Boosting the Demand for Fermented Milk Products

The high prevalence of digestive disorders has boosted the demand for fermented milk products across the world. Yogurt is an example of a probiotic milk drink that is available in both drinkable form as well in the traditional form - in different flavors, which makes it one of the most preferred food products, by consumers who are seeking products that provide benefits to their digestive health. Probiotics are a driving force within the booming digestive health products category, and they are being consumed by people of all age groups. The progressive inclination of the consumers toward digestive health-oriented products has kept probiotic food products as a requisite. The ongoing trends of healthy hydration and healthy snacking are the other important factors that are augmenting the sales of fermented dairy products across different regions. This, in turn, will boost the market growth.

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Asia-Pacific Region Is Exhibiting A Growing Demand

The market for dairy enzymes in the Asia-Pacific region is in its initial growth stage. This is majorly attributed to the changing food habits of the people, including the comsumption of dairy products for breakfast. Products, like yogurt drinks, are experiencing a growing trend in the Asia-Pacific market, majorly due to their convenience. The presence of drinkable yogurts and their growing popularity are expected to bridge the yogurt consumption gap created in the past couple of years, to some extent. The heavy competition in the market, due to the presence of various large and small players, including several regional players, has led to a huge number of products in the market. This, in turn, has developed the Asia-Pacific region into a competitive market. 

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Competitive Landscape

The global dairy enzymes market is a fragmented one, with various global and regional players. The active companies are involved in new product developments, expansions, and acquisitions, in order to keep up with the competition. Some of the major players are expanding their global presence, by acquiring manufacturers in foreign countries. 

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Lactase

      2. 5.1.2 Lipase

      3. 5.1.3 Proteases

      4. 5.1.4 Microbial Rennet

      5. 5.1.5 Other Types

    2. 5.2 By Application

      1. 5.2.1 Milk

      2. 5.2.2 Cheese

      3. 5.2.3 Yogurt

      4. 5.2.4 Desserts and Ice cream

      5. 5.2.5 Infant Formula

      6. 5.2.6 Other Applications

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Novozymes

      2. 6.4.2 Chr. Hansen Holding A/S

      3. 6.4.3 DuPont

      4. 6.4.4 Koninklijke DSM NV

      5. 6.4.5 Kerry Group PLC

      6. 6.4.6 Advanced Enzyme Technologies

      7. 6.4.7 Nature BioScience Pvt Ltd

      8. 6.4.8 Megazyme Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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