Global Dairy Enzymes Market - 2023-2030

Market Overview

Global Dairy Enzymes Market reached US$ 588.4 million in 2022 and is expected to reach US$ 995.9 million by 2030 growing with a CAGR of 6.8% during the forecast period 2023-2030. Increasing applications of dairy enzymes in fortified and functional foods and beverages boost the growth of the global dairy enzymes market.

The increasing consumption of yogurt, cheese, and other dairy products worldwide drives the market's demand. Increasing competition in the market for staying ahead in the dynamic dairy sector requires the best technology and expertise to remain flexible, efficient, and profitable. The various dairy-incorporated processed foods are gaining demand in developing economies, boosting sales. With the growing concern about lactose intolerance, dairy enzymes are increasing in low-lactose products.

The increased health awareness and technological advancements are boosting market expansion. The immobilized enzyme technology is gaining attention in the market. This immobilized enzyme technology has various uses in the brewing and dairy industries. New enzyme launches contribute to the market's expansion. For instance, in July 2021, Biocatalysts Ltd, a biotechnology company, launched Lipomod 4MDP at IFT F.I.R.S.T., a unique enzyme for the dairy flavour market.

Market Dynamics

The Growing Applications of Enzymes are Estimated to Drive the Dairy Enzymes Market.

The rising consumption of enzymes, which can be attributed to their wide range of applications, is driving the global dairy enzymes market growth. The various applications include using enzymes as coagulants in dairy processing to bioprotective enzymes that extend the shelf life of processed dairy products. Dairy enzymes are crucial in digesting dairy products such as cheese, yogurt, milk, and other derivatives.

The lactase, lipase, protease, and catalase enzymes are commonly used in food and dairy products. The rennet is used in the process of manufacturing cheese. The rennet is required for milk curdling. Various proteases are employed to expedite the maturation process of cheese and modify milk proteins to reduce the allergic effects associated with cow milk.

The Increasing New Enzyme Launches Drive the Global Dairy Enzymes Market Growth.

Leading companies in the market offer specialized solutions to enhance the texture and flavour of dairy products. Reputable firms have introduced immobilized enzyme technology. This technology improves tolerance to environmental factors such as pH and temperature alterations. The advantages of immobilised enzyme technology are affordability, convenience, and greater stability. It has many uses in the brewing and dairy industries.

New enzyme launches also boost the market's expansion. For instance, in June 2023, Swiss-Dutch company DSM-Firmenich launched Maxilact Next. This is the latest addition to its highly-valued range of Maxilact lactase enzymes. This new solution is the most efficient and pure lactase available in the market. Maxilact Next is around 25% faster than the former fastest market reference utilized for milk processing, reducing the hydrolysis time by 25% when dosed at the same level.

Increasing Lactose Intolerance Restrains the Market Growth.

Dairy products have lactose as natural sugar in them. Many people can't digest lactose and are intolerant to them. This has become one of the most common food intolerances. Lactose intolerance symptoms can vary from mild to severe, including stomach pain, bloating, gas, and diarrhoea. According to the National Center of Biotechnology Information, 65% of the world's population is lactose intolerant.

Lactose intolerance has become more common overwide. Rates of lactose intolerance vary between regions, from less than 10% in Northern Europe to as high as 95% in parts of Asia and Africa. The controlled operating conditions and associated dairy allergy and safety laws regarding the use of enzymes in food and allergic reactions to dairy products can hamper the market growth for dairy enzymes.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global dairy enzymes market is segmented based on type, application, and region.

In the Global Dairy Enzymes Market, the Protease Holds the Largest Market Share.

The global dairy enzymes market has been segmented by type into lactase, lipase, protease, microbial rennet, and others. In the dairy enzymes market analysis report, the protease segment held the largest dairy enzymes market share of 38.4% in 2022. The increased applications of protease use in food and various industries are boosting the segment's growth.

The different types of proteases are utilized for various applications in the dairy industry, including their ability to speed up cheese aging as a functional property. In addition, they are also used in changing milk protein to decrease the allergic effects of cow milk products in infant foods. The protease from different sources, such as bacillus and aspergillus spp, is used for industrial applications, including using detergents, brewing, meat tenderization, baking, cleaning, and hydrolyzing animal and functional meat proteins.

Geographical Analysis

The Asia-Pacific Region Held the Largest Share of the Dairy Enzymes Market.

The global dairy enzymes market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. Asia-Pacific high dairy enzymes market held the largest market share of 38.6% in 2022 in the dairy enzymes market analysis. The gradual increase in the change of people's food habits and the inclusion of dairy products as breakfast is contributing to the market's rise in this region.

Products like yoghurt drinks are experiencing a growing trend in the Asia-Pacific market due to their convenience. The heavy competition in the market, due to the presence of various large and small players, including several regional players, has led to a massive number of products in the market. The increased market players and the rise of various products led to increased demand for dairy enzymes in this region.

Competitive Landscape

The major global players in the market include DuPont, Novozymes, Amano Enzymes, Kerry Group, Biocataylsts, Fonterra Co-operative Group Limited, Archer Daniels Midland Company, Friesland Campania, Chr.Hansen Holdings A/S, and Biocon.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

COVID-19 Impact:

The unprecedented COVID-19 pandemic in 2020 profoundly affected the food industry. COVID-19 has considerably impacted the global food supply chain phases involving dairy enzymes production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments.

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food industries as well. The COVID-19 pandemic is upending life, and the food sector is seeing increased trends like dairy enzymes. The food businesses are launching innovative programs, including dairy enzymes.

Why Purchase the Report?

• To visualize the global dairy enzymes market segmentation based on type, application, and region and understand vital commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of dairy enzymes market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of critical products of all the major market players.

The Global Dairy Enzymes Market report would provide approximately 53 tables, 53 figures and 165 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies