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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.
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)
Regional Analysis
The global dairy enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the dairy enzymes market followed by Europe owing to increasing demand for dairy and dairy-based products.
Key players in the dairy enzymes market are largely located in North America and Europe. Key players from the U.S., Germany, and the U.K are following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand of dairy enzymes in functional beverages.
Market Segmentation
Dairy enzymes market is segmented on the basis of type, application, and region.
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