Global Dairy Enzymes Market to Reach Value of USD 1,415.43 Million by 2032 | Emergen Research

Growing urbanization in developing economies and rising purchasing power of consumers are driving the market.

Vancouver, Oct. 04, 2023 (GLOBE NEWSWIRE) — The global dairy enzymes market is projected to reach value of USD 1,415.43 Million by 2032, according to a current analysis by Emergen Research. This growth of the market can be attributed to the increased demand for cheese products with refined texture and flavor. Growing urbanization and rising purchasing power of consumers in developing economies has driven the demand for processed dairy products. Development of the dairy industry is expected to drive the market for dairy enzymes during the forecast period. Increasing investments in research and development activities by major market players for development of innovative dairy enzymes is likely to propel the market in the near future.

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The respiratory issues linked with allergies related to dairy product  are projected to restrain the market in the next few years. People with diabetes are expected to face adverse effects of lactase, as lactase is broken down into simple sugars, which can increase the blood glucose level. Moreover, exposure to lactase might cause an allergic reaction, which is anticipated to hamper the demand for dairy enzymes during the forecast period.

Scope of Research

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MAJOR COMPANIES and Market Share Analysis

The global dairy enzymes market is moderately fragmented, with a large number of small- and medium-sized manufacturers accounting for a major market share. These manufacturers are well-equipped with manufacturing facilities and are involved in several research and development activities. Some of the prominent players operating in the dairy enzymes market are:

• DuPont
• Kerry Group
• Chr Hansen Holding A/S
• DSM
• Advanced Enzymes Technologies
• Connell Bros.
• Novozymes A/S
• Biocatalysts Ltd
• Amano Enzyme
• SternEnzym

Strategic Development

In June 2020, Royal DSM, a science-based company active in the fields of health, nutrition, and sustainable living, launched the Delvo plant range of enzymes. This range of enzymes can be used for optimizing sweetness, texture, and taste of plant-based drinks. Delvo increases protein solubility and unlocks natural sweetness of raw materials such as oats, rice, and soy. The new range of enzymes is expected to help manufacturers develop premium dairy alternatives in the near future.

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Key Highlights of Report

• In November 2019, DuPont Nutrition & Biosciences launched its new flagship dairy enzyme i.e. DuPont Danisco Nurica. This flexible enzyme would be offering dairy product manufacturers fermented dairy products that are high in fiber, low in sugar, and lactose-free.
• The cheese segment held the largest market share of 33.7% in 2019. Rising demand for processed dairy products among consumers with increased purchasing power is expected to drive the utilization of dairy enzymes to produce enhanced flavored cheese in the next few years.
• The microbial rennet segment is anticipated to expand at the highest CAGR of 8.1% during the forecast period. Cheese-manufacturing companies widely utilize microbial milk-clotting enzymes produced by Rhizomucor pusillus and Rhizomucor miehei. This factor is expected to drive the segment during the forecast period.
• The Asia Pacific market is expected to expand at the most rapid rate during the forecast period. Growing urbanization in developing economies and rising purchasing power of consumers in the region have driven the demand for processed dairy products in Asia Pacific. This is contributing to the market for dairy enzymes in the region.

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Emergen Research has segmented the global dairy enzymes market in terms of application, type, and region:

• Application Outlook (Revenue, USD Million; 2017–2027)
  • Cheese
  • Milk
  • Yoghurt
  • Infant Formula
  • Ice Cream & Desserts
  • Others
• Type Outlook (Revenue, USD Million; 2017–2027)
  • Chymosin
  • Lipase
  • Lactase
  • Microbial Rennet
  • Others (Catalases and Proteases)           
• Regional Outlook (Revenue, USD Million; 2017–2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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