The increasing demand of dairy products in the food and
beverage industry such as ice-cream, yoghurt, and kefir is raising the demand
of dairy enzymes at a global level. Availability of dairy enzymes in various
forms has influenced the increasing demand of dairy enzymes in various dairy
products. Improved processing technologies are also playing the key role in the
rising sales of dairy products from last few years. Rising health concerns is
one of the major factors contributing to the growth of the global dairy enzymes
market.
Market Forecast
The global dairy enzymes market share in the foods and
beverages industry is escalated by the rising demand for dairy products in the
developed countries. Dairy enzymes are found to have wide application in dairy
industry, amongst which the application in the cheese production, and dairy
beverages is increasing at a higher rate.
Increasing consumption of yogurt among the young consumers is
a primary driving factor for the growth of dairy enzymes market. Dairy enzymes
add additional nutritional value and flavour to fermented products including
yogurts. Consumption of dairy products is increasing globally and consumer
preferences are changing from ice-creams to yogurts and speciality cheese.
However, dairy enzymes have been facing many challenges due to
the changing preference for vegan alternatives such as plant dairy enzymes. The
market players are responding to these new opportunities by expanding their
service offerings/product lines, which has boosted the share of the dairy
enzymes in the global market. The global dairy enzymes market is expected to
grow at a CAGR of 8.5% during the forecast period 2017-2023.
Downstream analysis
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 beverages.
Competitive analysis
The major players in the dairy enzymes market
- 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)
- Fonterra
Co-op Group Ltd. (New Zealand)
Complete Report Details @ https://www.marketresearchfuture.com/reports/dairy-enzymes-market-5146
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