A recent report published by Infinium Global Research on dairy enzymes market provides in-depth analysis of segments and sub-segments in the global as well as regional dairy enzymes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dairy enzymes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global dairy enzymes market. According to the report, the global dairy enzymes market is projected to grow at a CAGR of 6.3% over the forecast period of 2019-2025.
The continuously growing demand for the different type of dairy-based products among the young and middle-class consumers are boosting the demand for the different type of dairy enzymes to manufacture numerous dairy products as cheeses, yogurt, and others. There are several dairy enzymes, which has different application to develop a different type of dairy products as lactase, chymosin, microbial rennet, lipase. Lactase is used to prepare lactose-free products for a particular group of consumers. Further, lactase is used to manufacture cream and sweet based products. Additionally, the lipase is used to break the milk fats and provide customized flavors to the milk-based products. It is also used to prepare strong-flavored cheeses.
The growing disposable income among the young and middle-class consumers in the developing countries are helping to grow the demand of the dairy products are helping to grow the demand of the dairy enzymes products. Further, the growing influence of vegetarian food and its numerous benefits are helping to grow the demand for a different type of dairy products. Additionally, the growing focus of the government to support the agri-processing sector in the developing sector is helping to grow the demand of the dairy enzymes market.
Geographically, the dairy enzymes market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the dairy enzymes market, owing to the presence of a large number of dairy processing companies in this region, which export their dairy products around the world. Further, the presence of a large number of the consumers' groups, who are fond of different type of dairy products is helping to grow the demand of the different type of dairy enzymes in this region. Europe is the second-largest market of the dairy enzymes after North America. The Asia-Pacific dairy enzymes market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the different type of innovative dairy products among the youth and middle-class consumers in this region.
The report on global dairy enzymes market covers segments such as type, application, and source. On the basis of type, the sub-markets include lactase, chymosin, microbial rennet, lipase, and other types. On the basis of application, the sub-markets include milk, cheese, ice cream and desserts, yogurt, whey, infant formula, and other applications. On the basis of source, the sub-markets include plant, and animal and microorganism.
The report provides profiles of the companies in the market such as Fytozimus Biotech Inc., ENMEX, SternEnzym, Biocatalysts, Wilbur-Ellis Holdings, Inc.(Connell), Advanced Enzyme Technologies, Novozymes A/S, Kerry Group plc, Koninklijke DSM N.V., and E. I. du Pont de Nemours and Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dairy enzymes market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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