DUBLIN--(BUSINESS WIRE)--The "Dairy Enzymes Market by Type (Lactase, Chymosin, Microbial Rennet, Lipase), Application (Milk, Cheese, Ice Cream & Desserts, Yogurt, Whey, Infant Formula), Source (Plant, Animal & Microorganism), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering
The dairy enzymes market is estimated at USD 519.4 million in 2017, and projected to grow at a CAGR of 7.18%, to reach USD 734.6 million by 2022.
The market is driven by factors such as the increasing consumption of dairy products such as cheese, yogurt, and others, growing demand for low-lactose and lactose-free dairy products, and environmental benefits associated with enzymes. However, dairy allergies copulated with restricted operational conditions are among the major restricting factors for the dairy industry and, in turn, for the dairy enzymes market.
Based on type, the microbial rennet segment is projected to grow at the highest CAGR during the forecast period. Microbial rennet is a coagulating agent and considered vegetarian-friendly as the enzyme produced by the microorganism is not derived from animals.
The cheese segment accounted for the largest share of the global dairy enzymes market in 2016 and is also projected to grow at the highest rate during the forecast period. Various microbes such as Aspergillus oryzae, Irpex, and Rhizomucor pusillus are extensively used for rennet production during the cheese making process. Most cheese producers expedite the curdling process with rennet, lactic acid, or plant-based enzymes from wild artichokes, fig leaves, safflowers, or melons. Other than plants and microbes, enzymes are also extracted from young ruminants.
Factors such as the increasing demand for processed dairy products coupled with rising awareness about low lactose and lactose-free dairy products among consumers will drive the dairy enzymes market in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Dairy Enzymes Market, By Type
7 Dairy Enzymes Market, By Application
8 Dairy Enzymes Market, By Source
9 Dairy Enzymes Market, By Region
10 Competitive Landscape
11 Company Profiles
- Advanced Enzymes Technologies
- Amano Enzyme
- CHR. Hansen
- Connell Bros.
- Fytozimus Biotech
- Kerry Group
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