Dairy enzymes act as a coagulant, required in the production of dairy products such as milk, cheese, yogurt, functional dairy beverages, and aids in improving the flavour, and texture of dairy products. Bioprotective enzymes aids in extending the safety, and shelf life of dairy products. The global market for dairy enzymes is witnessing a high growth in its demand. Growing awareness regarding health concerns among the global population is having a positive effect on the demand for vegan dairy enzymes which, in turn, is propelling the global market. The high investments undertaken by companies to gain the attention of the consumer base, along with the surge in the demand for dairy-based products such as cheese, yogurts due to rapid urbanization are some of the factors which will support the growth of the market over the projection period. Moreover, rising need to reduce allergic properties in milk for infants, and demand for lactose-free, and low-lactose dairy products will further fuel the market over the coming years.
The global dairy enzymes market has been segmented based on types, among which chymosin segment is expected to account for the largest market share in 2017 owing to its major application in the production of cheese. However, chymosin is also used for the production of halal, organic, and GMO-free products. Based on the source, the market is analyzed as animals & microorganism, and plants. The animals & microorganism segment is anticipated to account for a higher market share as compared to the plant-sourced dairy enzymes. The reason may be attributed to the ease in the process of extraction and its cost-effectiveness. Moving forward, based on application, the cheese segment accounts for the largest application of dairy enzymes. However, the kefir segment is accountable for leading the market owing to the surge in demand for beverages enriched in essential minerals, vitamins, and enzymes.
Further down, the global dairy enzymes market has been geographically segmented into North America, Latin America, Europe, Asia-Pacific, the Middle East and Africa region. North America and Europe are estimated to account for substantial market shares in 2017, owing to the robust presence of food processing industry such as DowDuPont, and DSM. The surge in consumer preference for dairy products like kefir, yogurt, is further expected to support the growth of the North America dairy enzymes market along with the demand for the feed industries where dairy enzymes are much required. Asia-Pacific witness the fastest growing market for dairy enzymes over the next eight years and factors that can be attributed for the same includes increasing demand for lactose-free, low lactose content products among consumers.
However, factors such as dairy allergy which is a major restraint for the dairy enzymes market, along with the occurrence of respiratory problems in people, and the safety, regulatory aspects of enzyme use may pose a threat to the global market over the projection period.
Some of the key players in the global dairy enzymes market include Aliphos, Amano Enzyme, Inc., Dowdupont, Inc., Dunstan Nutrition, Friesland Campina, Kerry Group, Koninklijke DSM N.V., Novozymes A/S, and Novotech Neutraceuticals.
Global Dairy Enzymes Market: By Types
Global Dairy Enzymes Market: By Source
Global Dairy Enzymes Market: By Application
Global Dairy Enzymes Market: By Geography