The global dairy enzymes market would reach value of USD 999.8 Million by 2027, according to a current analysis by Emergen Research. Food-processing companies increasingly utilize microbial rennet for production of cheese. Growing inclination of health-conscious people toward vegan diet has driven the demand for microbial rennet, as vegetarians do not consume animal-derived rennet. Moreover, microbial rennet is much inexpensive than the rennet derived from animals. The lower cost of microbial rennet has resulted in the increasing adoption of this dairy enzyme among cheese manufacturers.
The market intelligence report on the dairy enzymes market forecasts its growth during the years 2020 to 2027. It examines the market size, share, demand, trends, gross revenue, total earnings and net value after a historical analysis of the data collected from the years 2020 to 2027 while taking 2018 as the base year. The study focuses on the driving factors, restrains and hurdles for the growth of the market. The researcher gives market insights relating to the upcoming areas in the business and the impact of technological innovations on the growth of the market.
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The Global Dairy Enzymes Market research study published by Emergen Research is an extensive collection of insightful information about the Dairy Enzymes industry. The report covers the Dairy Enzymes Market segmentation along with a detailed outline of the Dairy Enzymes market size with regards to volume and valuation. The report provides comprehensive coverage of the Dairy Enzymes market scenario for the current period and forecast timeline of 2020-2027. The Dairy Enzymes market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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The key companies studied in the report are:
DuPont, Kerry Group, Chr Hansen Holding A/S, DSM, Advanced Enzymes Technologies, Connell Bros., Novozymes A/S, Biocatalysts Ltd, Amano Enzyme, and SternEnzym
Emergen Research has segmented the global dairy enzymes market in terms of application, type, and region:
Application Outlook (Revenue, USD Million; 2017–2027)
- Infant Formula
- Ice Cream Desserts
Type Outlook (Revenue, USD Million; 2017–2027)
- Microbial Rennet
- Others (Catalases and Proteases)
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Dairy Enzymes market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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