Market Size of Dairy Enzymes Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 |
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Dairy Enzymes Market Size Summary
The dairy enzymes market is experiencing a dynamic phase, driven by the increasing consumption of dairy products such as cheese and yogurt, particularly in developing regions. The market's growth is supported by the rising demand for low-lactose products, addressing concerns about lactose intolerance, and the popularity of fermented milk products, which are beneficial for digestive health. The trend towards fortified and functional foods, especially those offering immunity-boosting benefits, has also contributed to the market's expansion. Despite the challenges posed by the COVID-19 pandemic, which slightly dampened demand due to reduced dairy product consumption, the market is poised for recovery and growth as consumer preferences shift towards health-oriented products.
In the Asia-Pacific region, the dairy enzymes market is in its early growth stage, fueled by changing dietary habits and the increasing popularity of convenient dairy products like yogurt drinks. The region's competitive landscape is characterized by the presence of numerous global and regional players, all vying for market share through product innovation and strategic expansions. Key industry players such as Chr. Hansen Holding, DuPont, Novozymes, Amano Enzyme, and Kerry Group are actively engaging in new product developments and strategic partnerships to enhance their global presence and cater to diverse consumer needs. These efforts are aimed at leveraging opportunities in emerging markets and expanding product portfolios to meet the evolving demands of the dairy enzymes market.
Dairy Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Lactase
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2.1.2 Lipase
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2.1.3 Proteases
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2.1.4 Microbial Rennet
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2.1.5 Other Types
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2.2 By Application
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2.2.1 Milk
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2.2.2 Cheese
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2.2.3 Yogurt
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2.2.4 Desserts and Ice cream
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2.2.5 Infant Formula
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East & Africa
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Dairy Enzymes Market Size 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.
