Dairy Enzymes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dairy Enzymes Market Analysis
The global dairy enzymes market is projected to register a CAGR of 7.37% during the forecast period (2022-2027).
COVID-19 has had a slightly unfavorable influence on the dairy enzymes market. Reduced intake of dairy products like cheese and flavored yogurt significantly impacted the need for related enzymes in the long run. Furthermore, regulations on the food service business have harmed demand indirectly. On the other hand, market players are likely to seek ways to limit their losses during COVID-19. Growing applications of dairy enzymes in fortified and functional foods and beverages could benefit market players as customers seek immunity-boosting, tailored nutrition solutions during the pandemic.
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 sales. With the growing concern about lactose intolerance, dairy enzymes are increasing in low-lactose products.
Dairy Enzymes Market Trends
This section covers the major market trends shaping the Dairy Enzymes Market according to our research experts:
Increasing Digestive Heath Concerns are Boosting the Demand for Probiotic Products
The high prevalence of digestive disorders has boosted the demand for fermented milk products worldwide. Yogurt is an example of a probiotic milk drink that is available in both drinkable form and in the traditional form - in different flavors, making 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 people of all ages are consuming them. The progressive inclination of the consumers toward digestive health-oriented products has kept probiotic food products as a requisite. For Instance, According to ITC Trade Map, the Imported volume of yogurt in the United Kingdom in 2021 accounted for 282980 tons, compared to 219085 tons in 2019. The ongoing trends of healthy hydration and healthy snacking are the other essential factors augmenting the sales of fermented dairy products across different regions. This, in turn, will boost the market growth.
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 consumption of dairy products for breakfast. Products like yogurt drinks are experiencing a growing trend in the Asia-Pacific market due to their convenience. To some extent, the presence of drinkable yogurts and their increasing popularity are expected to bridge the yogurt consumption gap created in the past couple of years. 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.
Dairy Enzymes Industry Overview
The global dairy enzymes market is fragmented, with various global and regional players. The active companies are involved in new product developments, expansions, and acquisitions, to keep up with the competition. Some major players are expanding their global presence by acquiring manufacturers in foreign countries. Some of the major players operating in the dairy enzymes market are Chr. Hansen Holding, DuPont, Novozymes, Amano Enzyme, Kerry Group. These players are focusing on leveraging opportunities posed by emerging markets to expand their product portfolios to cater to the requirements of various segments. Moreover, companies have adopted strategic partnerships as their key strategy to increase their geographical presence and customer base.
Dairy Enzymes Market Leaders
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Novozymes
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Chr. Hansen Holding A/S
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DuPont
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Amano Enzyme
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Kerry Group
*Disclaimer: Major Players sorted in no particular order
Dairy Enzymes Market News
In June 2021, International Flavors & Fragnances Inc (IFF) launched a new enzyme for dairy products, "Nurica" in the United States. Nurica harnesses the lactose present in milk to naturally generate a high yield of prebiotic galacto-oligosaccharides fibers. The ingredient reduces sugar and lactose levels.
In March 2021, Amano Enzyme released umamizyme pulse, a non-GMO enzyme designed for use in various plant protection products to produce a pleasant savory flavor.
In March 2020, Novozyme launched Saphera Fiber, a new lactase enzyme to increase the fibers' content while reducing sugar in fermented and non-fermented dairy products. The lactase enzyme works by converting lactose contained in the milk into GOS fibers ( galactooligosaccharides).
Dairy Enzymes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Lactase
5.1.2 Lipase
5.1.3 Proteases
5.1.4 Microbial Rennet
5.1.5 Other Types
5.2 By Application
5.2.1 Milk
5.2.2 Cheese
5.2.3 Yogurt
5.2.4 Desserts and Ice cream
5.2.5 Infant Formula
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Novozymes
6.4.2 Chr. Hansen Holding A/S
6.4.3 DuPont
6.4.4 Amano Enzyme Inc.
6.4.5 Kerry Group PLC
6.4.6 Advanced Enzyme Technologies Limited
6.4.7 Nature BioScience Pvt Ltd
6.4.8 Megazyme Ltd
6.4.9 Fytozimus Biotech
6.4.10 Enmex
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Dairy Enzymes Industry Segmentation
Enzymes are proteins that have biological functions. Milk enzymes come from native milk, airborne bacterial contamination, and bacteria that are added intentionally for fermentation. In the dairy industry, some enzymes are required for the production of cheese, yogurt, and other dairy products, while others are used in a more specialized manner to improve texture or flavor. The global dairy enzymes market is segmented by type into lactase, lipase, proteases, microbial rennet, and other types. The market is segmented by application into milk, cheese, yogurt, desserts and ice cream, infant formula, and other applications. The report also includes the geographical segmentation of the market. Based on Geography, the study analyzes the dairy enzymes in the emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts for the dairy enzymes market in value (USD million) for all the above segments.
| By Type | |
| Lactase | |
| Lipase | |
| Proteases | |
| Microbial Rennet | |
| Other Types |
| By Application | |
| Milk | |
| Cheese | |
| Yogurt | |
| Desserts and Ice cream | |
| Infant Formula | |
| Other Applications |
| Geography | |||||||||
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Dairy Enzymes Market Research FAQs
What is the current Dairy Enzymes Market size?
The Dairy Enzymes Market is projected to register a CAGR of 7.37% during the forecast period (2024-2029)
Who are the key players in Dairy Enzymes Market?
Novozymes, Chr. Hansen Holding A/S, DuPont, Amano Enzyme and Kerry Group are the major companies operating in the Dairy Enzymes Market.
Which is the fastest growing region in Dairy Enzymes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dairy Enzymes Market?
In 2024, the North America accounts for the largest market share in Dairy Enzymes Market.
What years does this Dairy Enzymes Market cover?
The report covers the Dairy Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dairy Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dairy Enzymes Industry Report
Statistics for the 2024 Dairy Enzymes market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Dairy Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
