Dairy Enzymes Market

Dairy Enzymes Market

Dairy Enzymes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2017 to 2026

  • XPLREP1223

  • May, 2018

  • 170 Pages

  • Food

Global Dairy Enzymes Market to Progress at a CAGR of 7.4% Through 2026

The global dairy enzyme market is forecasted to behold substantial growth in terms of valuation during the forecast period (2017 to 2026), according to a new market study by XploreMR. The growth of the market is majorly attributed to increased demand for enzymes in the food & beverage industry and the growing consumption of processed food products. Moreover, the emergence of novel technologies has enabled the development of biotech products that are being used on a regular basis. This is also expected to aid the manufacturers in expanding their profit margins.

Furthermore, manufactures are focusing on developing novel enzymes for lactose-free dairy products, to cater to the widening base of the lactose intolerant population. On the back of the aforementioned facets, the global dairy enzymes market is projected to progress at a healthy CAGR of 7.4% through the assessment period.

Dairy Enzymes Gains Traction in Production of Dairy Food Products

Enzymes have always been an integral part of the food and beverage industry, playing a vital role in the production, processing, and preservation of dairy and egg-based products, chocolates, syrups, infant formula, and baby food, food colors, sweeteners, cheese, milk, flavors, and others. On these lines, dairy enzymes have also been gaining remarkable traction in the recent past, in the production of dairy products such as cheese, yogurt, or milk.

Moreover, dairy enzymes are also being used for refining the texture and quality of products. Further, their natural flavor is enabling usage as flavor enhancers. The aforementioned applications of dairy enzymes in the F&B industry will continue to drive the market on a positive growth trajectory.

Changing Eating Habits Opens Avenues for Market Growth

The growing consumption of processed dairy foods is a major growth attribute to the dairy enzyme market. As a result of changing lifestyles and increased adoption of corporate lifestyles, consumers across the world have resorted to fast food. However, owing to social media campaigns, there has been a shift in consumer preference, and increasing levels of awareness regarding the adverse effects of fast food is asserting them to seek healthy food products.

On this premise consumer across the world, especially in urban areas, are opting for healthy dairy foods, with low-lactose milk, cheeses, yogurts, and other derivatives of dairy products finding maximum traction. On these lines, approvals for enzymes from regulatory bodies have also proven fruitful to the market. The European Food Safety Authority (EFSA) and U.S Food and Drug Administration (FDA) have considered dairy enzymes as GRAS (Generally Recognized As Safe).

For instance, the thermolysin enzyme, which is used in dairy products to improve taste, protein solubility, and digestibility of dairy products has also been recognized as GRAS. Such approvals will positively influence consumer perception, which in turn, transmutes into a revenue opportunity.

High Prevalence of Diabetes and Lactose Intolerance Asserts Manufacturers to Develop Lactose-Free Products

According to NIDDK (National Institute of Diabetes and Digestive and Kidney Diseases) about 68 percent of people across the globe are facing lactose malabsorption. In Asia and Africa the majority of the people are lactose intolerant, while more than 36 percent of people in the US are intolerant to lactose.

On this premise, manufacturers are focusing on developing lactose-free enzymes. Additionally, manufacturers are enhancing their enzyme offerings that are applicable in the production of yogurt and cheese and are improving product offerings to facilitate large production quantities.

Competitive Landscape of Dairy Enzymes Market

Some of the major market players operating in the dairy enzymes market include DSM Food Specialties, Novozyme, Biocon, Danisco, Genencor International Inc., Fonterra Co-op Group Ltd., Amano Enzyme, Anchor, Chr. Hansen., Dumoco, and Campina.

Thoroughly analyzing the demand and supply scenario of dairy enzymes, XploreMR has compiled several insights on the global dairy enzymes market in its recent research report. The insights pertaining to use of dairy enzymes across various application areas has been presented in a systematic manner in the report. In addition, the research report on global dairy enzymes market covers historic data, current market scenario as well as future market projections for a period of nine years, starting from 2017 till 2026.

Including a Global Perspective

The research report on global dairy enzymes market covers various trends, drivers and challenges that influence the growth of the market. Moreover, these growth influencers are analyzed across various geographies as their intensities change from region to region. This provides a clear market understanding on dairy enzymes across key regions and countries to the reader. A 360 degree global perspective has been presented that gives a holistic touch to the research.

Global Dairy Enzymes Market Taxonomy

The research report on global dairy enzymes market offers a well analyzed study on the global market by including major segments and their detailed scrutiny. The market has been segmented into four key categories, namely, product type, source, application and region. The analysis of these segments has been carried out at a global level as well as at country level along with data projections throughout the period of forecast (2017-2026). With detailed segmentation analysis, the readers can expect intelligence on potential opportunities and key revenue pockets in the global market. Below taxonomy table illustrates various market segments that have been included during the research study.

Region

Product Type

Source

Application

North America

Carbohydrates

Plant

Milk

Latin America

Proteases

Animal & microorganism

Cheese

Europe

Polymerases & Nucleases

 

Ice cream & desserts

Japan

Lipases

 

Yogurt

APEJ

Phytases

 

Whey

MEA

Other Enzymes

 

Infant formula

 

 

 

Others

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Exquisite Research Methodology for an Authentic Market Study

An exquisite research process has been employed by analysts of XploreMR to carry out evaluation of key industry trends, developments and other dynamics. A combination of extensive primary research along with a weighted secondary research has been executed to gauge the entire dairy enzymes market for obtaining reliable and realistic estimations along with forecasts. The initial phase of the research starts with secondary research during which analysts extract high level information by data mining. For this, up-to-date research journals, government published articles and independent research studies have been used. These market estimations are further validated using primary research during which analysts get in touch with market participants, key stakeholders, industry experts, market observers and subject matter experts. Every market data point is again validated at every primary interview and the process continues till the conclusion of the research which enhances the accuracy of the gleaned data.

Competitive Landscape Analysis- A Complete Intelligence Package

The research report on global dairy enzymes market concludes with an extensive analysis on various key players operating in the global market. Various facets such as company overview, SWOT analysis, revenue shares, key product developments/up gradations and innovations, geographical spread, product portfolio analysis and other key financials have been covered in this section. Such a dashboard delivers a complete intelligence package for active participants in the global dairy enzymes market that can serve as a significant tool in gaining competitive advantage in the years to follow.

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Dairy Enzymes Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2017 to 2026
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