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Dairy Enzymes Market Size Worth $1,029.8 Million By 2027 | Industry Players: Danisco A/S,Beyond Meat, CHR Hansen Holding A/S, Anchor and others

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Dairy Enzymes Market Size Worth $1,029.8 Million By 2027 | Industry Players: Danisco A/S,Beyond Meat, CHR Hansen Holding A/S, Anchor and others

September 23
01:20 2020
Dairy Enzymes Market Size Worth $1,029.8 Million By 2027 | Industry Players: Danisco A/S,Beyond Meat, CHR Hansen Holding A/S, Anchor and others

Polaris Market Research
The new published report by Polaris Market Research, the global dairy enzymes market is anticipated to reach $1,029.8 Million By 2027 and is expected to grow at a CAGR of 7.25% from 2020 to 2027.

The global dairy enzymes market size is expected to reach USD 1,029.8 million by 2027 according to a new study by Polaris Market Research. The report “Dairy Enzymes Market Share, Size, Trends, Industry Analysis Report, By Product Class (Carbohydrases, Proteases, Polymerases & Nucleases, Lipases, Phytases and Other enzymes); By Source (Plant, Animal & Microorganism); By Application (Milk, Cheese, Ice Cream & Desserts, Yogurt, Whey, Infant Formula and Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Dairy enzymes refer to the enzymes that are added to milk for production of various dairy products such as cheese, yoghurt and other milk products. Dairy enzyme has several key functions including, acts as coagulants that are being deployed to make cheese as well as bioprotective enzymes that are used to improve safety and shelf life of dairy products.

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Various dairy enzymes such as lipases, proteases, catalase, and lactase have a variety of dairy applications. Rennets or rennin which is a mixture of pepsin and chymosin derived primarily from microbial and animal sources are being deployed in the cheese production process, specifically in its first stage for coagulation of milk. Several kinds of proteases are being deployed to accelerate the ripening of cheese and for the alteration of milk proteins in order to minimize the allergenic characteristics of cow milk-based products primarily developed for infants. Dairy enzymes are also used for modification of the functional properties of milk. Lipase is used for the ripening of cheese in order to develop lipolytic flavours. Also, lactase or galactosidase, EC 3.2.1.23 is used for the hydrolysis of lactose to galactose and glucose that acts as a digestive agent and enhance the sweetness and solubility of several dairy products.

Dairy Enzymes Industry Report

Major market player included in this report are:

  • Danisco A/S
  • Beyond Meat
  • Fonterra Co-op Group Ltd
  • CHR Hansen Holding A/S
  • DSM Food Specialties B.V.
  • Anchor
  • Amano Enzyme Inc.
  • Campina
  • Biocon Limited
  • Novozymes A/S
  • Genencor International, Inc.

 

Some of the key factors driving the market growth include, rising consumption of dairy products, increasing demand for lactose-free and low-lactose based dairy products and several environmental benefits related to enzymes. According to news published in economic times in May 2020, the consumption of dairy products has increased in India during the COVID-19 lockdown period driven by rising preference for highly nutritious and healthy vegetarian food. The Gujarat Cooperative Milk Marketing Federation (GCMMF) has reported approximately 20% to 25% higher sales of dairy products such as cheese, ghee and butter in April 2020 which is higher as compared to their average sales registered every month.

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According to the International Farm Comparison Network (IFCN) April 2020 report, the dairy sector worldwide is expected to continue to flourish and presently serving more than 7 billion consumers. By 2040, the milk demand and supply would not remain in balance and thus, leading to a slight deficit in availability of milk to consumers, amounting to nearly 12 million tons. The deficit in availability of milk is expected to support the global milk price which is expected to increase while triggering further production of milk that would outbalance demand.

Players in the market have primarily adopted product launch strategy to solidify their position in global market. For instance, in May 2020, DuPont Nutrition & Biosciences introduced its novel bonlacta enzyme for the North American lactose-free dairy market. This product has enabled the much-required cost reduction and process optimization to allow for the production of a variety of lactose-free dairy products that too at high competitive prices. Further, in March 2020, Novozymes has launched its Saphera Fiber product, which is a novel lactase enzyme used to boost fiber content while also reducing sugar in both non-fermented and fermented dairy products.

Polaris Market Research has segmented the dairy enzymes market report on the basis of product class, source, application, and region

Dairy Enzymes Product Class Outlook (Revenue – USD Million, 2016 – 2027) 

  • Carbohydrases
  • Proteases
  • Polymerases & Nucleases
  • Lipases
  • Phytases
  • Other enzymes 

 

Dairy Enzymes Source Outlook (Revenue – USD Million, 2016 – 2027) 

  • Plant
  • Animal & Microorganism

 

Dairy Enzymes Application Outlook (Revenue – USD Million, 2016 – 2027) 

  • Milk
  • Cheese
  • Ice Cream & Desserts
  • Yogurt
  • Whey
  • Infant Formula
  • Others 

 

Dairy Enzymes Regional Outlook (Revenue – USD Million, 2016 – 2027)

North America

  • U.S.
  • Canada

Europe

  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia

Central & South America

  • Mexico
  • Brazil
  • Argentina

Middle East & Africa

  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At: https://www.polarismarketresearch.com/industry-analysis/dairy-enzymes-market/speak-to-analyst

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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