Market Overview
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.
The high and widespread number of cases of digestive disorders, especially in terms of lactose intolerance worldwide, has reinforced the demand for probiotic-fermented dairy products. Yogurt in conventional and drinkable forms has gained popularity among consumers, with the increased demand for natural probiotic solutions for digestive health.
These dairy products have also proven to be safe for consumption by people of all ages. Dietary trends in healthy snacks and hydration habits are the main factors that reinforce demand. In addition, greater awareness of the benefits of personalized nutritional solutions helps with long-term growth.
Competitive Landscape
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)
Market Segmentation
Dairy enzymes market is segmented on the basis of type, application, and region.
Dairy enzymes are also used to modify the properties of dairy proteins, accelerate cheese production and apply as a coagulant in various dairy products. Advances in food enzyme discovery technologies, in terms of extracting microbial sources, for the dairy industry will contribute to the growth of the market. Therefore, commercial food-grade soluble microbial enzymes are likely to be a fast-growing segment in the near future.
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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.
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