Microbial Rennet Market Outlook

Microbial rennet is a milk-clotting enzyme which is derived from the fungal source. Microbial rennet is used as a substitute for animal rennet for cheese production. The animal rennet is derived from the stomach of young calves. Microbial rennet is easily produced by the fermentation method and is economical as compared to that of the animal rennet. Also, microbial rennet decreases the risk of disease transmission that could occur due to the use of rennet derived from the ruminants. The most commonly used fungi for the production of microbial rennet are Rhizomucor pusillus, Mucor miehei, and Rhizomucor miehei. Several manufacturers are focusing on producing Kosher and Halal Certified microbial rennet to increase the trust and gain the confidence of the consumers.

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The Rise in Vegan Population is anticipated to Propel the Demand for Microbial Rennet

In recent years, there has been a drastic change in the preferences of the consumers. The consumers prefer the use of products that do not contain animal-derived ingredients. The manufacturers and industrialists are showing interests in developing microbial rennet as there has been a significant increase in the vegan population. The rise in awareness about the side-effects due to the consumption of animal-based products, presence of some hormones and chemicals, and the increase is awareness about the animal rights are some of the factors that have increased the demand for vegan products. According to Google Search, the vegan trend has increased by fourfold between 2012 and 2017. The increase in vegan population is estimated to boost the sales of microbial rennet. The cheese manufacturers are expected to prefer the use of microbial rennet instead of animal-based rennet to develop attract the consumers. Thus, the preference of cheese manufacturers for microbial rennet is expected to have a positive impact on its market.

Cheese is an ingredient that is used all across the world and is available in around 3000 varieties. The demand for cheese is increasing and is one of the most favorite dairy product among consumers. The increasing demand for cheese is anticipated to serve as one of the major drivers for the increase in the sales of microbial rennet. Microbial rennet has clotting activity due to the presence of acid protease that enables the production of cheese. Rennet is an important enzyme that is required for the separation of milk into curd and whey, which is further processed into cheese. Thus, the increasing demand for cheese is expected to boost the sales of microbial rennet.

Microbial Rennet Market Segmentation

The microbial rennet market can be segmented on the basis of form, end-use, and sales channel:

The microbial rennet market can be segmented on the basis of the form as:

Dry Powder Granules
Liquid
The microbial rennet market can be segmented on the basis of the end-use as:

Food Processing
HoReCa (Hotels/Restaurants/Café)
Household
The microbial rennet market can be segmented on the basis of the sales channel as:

Direct Sales
Indirect Sales Hypermarkets/Supermarkets Wholesalers Specialty Stores Online Retailers
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Microbial Rennet Market: Regional Analysis

The cheese market is well established in North America and Europe region. Also, the flexitarian and vegan population are increasing at a high rate in North America and Europe. Thus, the manufacturers of microbial rennet have an opportunity to establish themselves in these regions. Thus, the increasing number of vegan population and the demand for cheese are anticipated to drive the sales of microbial rennet. The high youth population, changing consumer preferences, the influence of western cultures, preference for convenience, etc. are estimated to serve as a driver for the increase in demand for cheese in the Asia Pacific region, which is further expected to increase the demand for microbial rennet.

Microbial Rennet Market: Key Participants

Few key market players in the microbial rennet market are:

Koninklijke DSM N.V.
Merck KGaA
Bioactive Yeast Co., Ltd.
The CheeseMaker
Alinda
Moderist Pantry, LLC
PuNature Food Ingredients