Description
Market Scenario
The dairy enzymes are used as coagulants that are needed during the production of dairy products like cheese, milk, functional daily beverages and yogurt. These enzymes play a crucial role in keeping the gut clean and healthy. Apart from medicated enzymes, one can also consume those products that are made of plant enzymes. The bioprotective enzymes help in the providing the shelf life to the dairy products. The plant enzymes are extensively used in both non- alcoholic and alcoholic beverages, bakery products and other confectionaries. The Global dairy enzymes market is anticipated to reach the valuation of USD 829.6 million by the year 2023 by growing at a CAGR of 7.44% during the estimated period.
There are several factors that are affecting the growth of the global dairy enzymes market. Increasing health concerns of the people have led to the growth of the market. More and more companies are now making investments in order to gain the customer base attention. Currently, there has been a higher demand for the vegan based dairy enzymes that are also propelling the growth of the global market. Also, there has been a huge surge in the demand for various types of dairy-based products like yogurts and cheese which becomes some of the major factors influencing the market growth over the estimated period.
Market Segmentation
The global dairy enzymes market is divided on the basis of its application, type, and source. Based on its type, the market is segmented into proteases, lactase, lipases, and others. On the basis of its application, the market is bifurcated into cheese, milk, yogurt, infant formula, frozen desserts, and others. Based on its source, the market is segmented into animal & microorganism and plant. Geographically, the global dairy enzymes market is sectioned into global regions like Europe, Asia- Pacific, North America, Middle East, LATAM, and Africa.
Key Players
Some of the key industry players in the global dairy enzymes market include companies like Chr. Hansen Holding A/S (Denmark), DSM N.V. (Netherlands), Danisco A/S (U.S.), Kerry Group PLC. (Republic of Ireland), Biocatalysts Limited (U.K.), Novozymes A/S (Denmark), Advanced Enzyme Technologies Limited (India), Connell Bros. Co. LLC (U.S), SternEnzym GmbH & Company KG (Germany), Amano Enzyme Inc. (Japan).
Table of Contents
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing consumption of dairy products
4.2.2 Rising demand for low lactose & lactose-free dairy products
4.2.3 Strong performance of foodservice industry
4.2.4 Drivers Impact Analysis
4.3 Restraints
4.3.1 Evolving dairy allergies among the population
4.3.2 Restraints Impact Analysis
4.4 Opportunities
4.4.1 Rising applications of dairy-by products
4.5 Challenges
4.5.1 Stringent government guidelines and regulations
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Raw Material Selection
5.1.2 Processing
5.1.3 Distribution & Sales
5.1.4 Post-sales Monitoring
5.2 Supply Chain Analysis
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Internal Rivalry
6 Global Dairy Enzymes Market, By Type
6.1 Overview
6.1.1 Lactase
6.1.2 Proteases
6.1.3 Lipases
6.1.4 Others
7 Global Dairy Enzymes Market, By Application
7.1 Overview
7.1.1 Milk
7.1.2 Cheese
7.1.3 Yoghurt
7.1.4 Frozen Desserts
7.1.5 Infant Formula
7.1.6 Others
8 Global Dairy Enzymes Market, By Source
8.1 Overview
8.1.1 Plant
8.1.2 Animal & Microorganism
9 Global Dairy Enzymes Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K.
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia & New Zealand
9.4.5 ASEAN Countries
9.4.6 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of Latin America
9.6 Middle East & Africa
9.6.1 GCC Countries
9.6.2 South Africa
9.6.3 Rest of Middle East & Africa
10 Competitive Landscape
11 Company Profiles
11.1 Chr. Hansen Holding A/S
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offerings
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Danisco A/S
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offerings
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.1 Key Strategy
11.3 DSM N.V.
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offerings
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Kerry Group PLC.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offerings
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 Novozymes A/S
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offerings
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6 Biocatalysts Limited
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offerings
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 Advanced Enzymes Technologies Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offerings
11.7.4 Key Developments
11.7.5 Key Strategy
11.8 SternEnzym GmbH & Company KG
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offerings
11.8.4 Key Developments
11.8.5 Key Strategy
11.9 Connell Bros. Co. LLC
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offerings
11.9.4 Key Strategy
11.1 Amano Enzyme Inc.
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offerings
11.10.4 Key Strategy
12 Conclusion
12.1 Key Findings
12.1.1 CEO’s Viewpoint
12.1.2 Key Companies to Watch
12.1.3 Prediction
