Worldwide Dairy Enzymes Market Size, Share, Growth, Top Key Players and CAGR of 8.5% by Foresight to 2023

Market Overview:

Dairy enzymes are used for the production of cheese and yoghurt as well as other dairy products. These enzymes function as a coagulant, which is required to make cheese. Also, bioprotective enzymes enhance the shelf life and safety of dairy products.  Moreover, they are also used to improve texture and flavor. Dairy enzymes are widely used in the production of several functional dairy beverages.

The surge in the demand for healthy dairy products with high nutritional value is one of the main contributors to the increased demand for dairy enzymes. Further, dairy industries have a high demand for dairy enzymes as they enhance the overall value of the dairy products. With the increasing health awareness among the population, the demand for vegan dairy enzymes is experiencing a positive growth. 

Furthermore, leading players are also investing in partnership with various functional dairy product manufacturers as the primary focus area is to grow the consumer base. Additionally, increasing number of health-conscious consumers in this region is one of the driving forces for the growth of this market.

The European region is dominating the dairy enzymes market and is expected to have a substantial growth over the forecast period, 2017-2023. In the European region, the U.K, Germany, and France are the major consumers of dairy enzymes due to increasing consumption of dairy food and beverage products. This has opened the opportunity to introduce new products in functional dairy products in this region.

Furthermore, the low shelf-life of dairy products prepared from dairy enzymes is likely to hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the European dairy enzymes market at a CAGR of 9.0% during the review period, 2017-2023.

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Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major dairy enzymes players. It further includes product portfolios, developments of leading players, which includes

• Danisco A/S (Denmark)
• Chr Hansen Holding A/S (U.S.)
• DSM Food Specialties B.V. (the Netherlands)
• Novozymes A/S (Denmark)
• Biocon Limited (India)
• Genencor International, Inc. (U.S.)
• Amano Enzyme Inc. (Japan)
• Campina (the Netherlands)
• Anchor (New Zealand) and
• Fonterra Co-op Group Ltd. (New Zealand)

Key Findings:

Dairy enzymes have a massive opportunity in the dairy industry

Application of dairy enzymes in functional dairy supplements is experiencing a higher growth rate

Industry Segments:

The global dairy enzymes market is segmented into type and application.

On the basis of the type, it is segmented into lactase, rennet, lipases, catalase, proteinases, peptidases, and others. Among all, the rennet enzyme segment is dominating the market followed by the lactase due to its high use in cheese production.

On the basis of the application, the dairy enzymes market is segmented into kefir, yogurt, cheese, sour cream, and others. The kefir segment is dominating the market due to increasing demand for functional beverage enriched with essential vitamins, minerals, amino acids and enzymes.

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Regional Analysis:

The global dairy enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the market followed by Europe owing to the increasing demand for of flavoured milk across especially in the U.S. Additonally, rising consumer preferences for value added milk products such as flavoured milk and organic milk has uplifted the demand for dairy enzymes at global level.

Furthermore, growing demand for dairy products including for kefir, yogurt, and cheese is also supporting the growth of dairy enzymes market in the North American region including countries such as the U.S. and Canada.