The dairy enzymes market size is projected to be valued at USD 877.5 million in 2023 and is expected to rise to USD 1,812.8 million by 2033. The sales of dairy enzymes are expected to grow at a significant CAGR of 7.4% during the forecast period. Various factors propelling the demand for dairy enzymes are
The population is shifting towards more significant food categories, and their health-consciousness influences nutritional items significantly. As a result, consumers are increasingly seeking nutritionally dense, healthier options, causing food producers to come out with greater outputs.
The dairy industry is expected to grow further globally, with more than 7 billion consumers currently served. Milk demand and supply would show a slight deficit in availability to consumers by 2040, amounting to nearly 12 million tons.
The decrease in milk availability is expected to support the global milk price, which is expected to rise while triggering additional milk production is likely to outbalance demand.
New formulations based on plant- and microbe-derived enzymes have been discovered as a result of recent advancements in therapeutics, and they hold tremendous promise for the development of the worldwide dairy enzyme market.
Recent genetic techniques that allow DNA modifications in various microbial strains to produce the desired enzyme have resulted in enzymes with superior functional properties.
To capitalize on the growing demand from various sectors of the food industry, key food enzyme manufacturers are focusing on technological expansion.
However, the perception of probiotic and prebiotic products as alternatives to digestive enzymes, as well as stringent regulatory policies, are expected to stifle market growth over the forecast period.
| Attribute | Details |
|---|---|
| Dairy Enzymes Market Estimated Size (2023) | USD 877.5 million |
| Dairy Enzymes Market CAGR (2023 to 2033) | 7.4% |
| Dairy Enzymes Market Forecasted Size (2033) | USD 1,812.8 million |
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.9% |
| H1,2022 Projected (P) | 8.0% |
| H1,2022 Outlook (O) | 8.8% |
| BPS Change: H1,2022 (O) - H1,2022 (P) | (+) 80 ↑ |
| BPS Change: H1,2022 (O) - H1,2021 (A) | (+) 88 ↑ |
The dairy industry is constantly searching for new enzymes to improve the quality of their products. Enzymes are proteins that catalyze biochemical reactions, and they are essential in the production of cheese, yogurt, and other dairy products.
Enzymes can improve the taste and texture of dairy products, while also reducing the cost of production. Enzymes also have the potential to reduce the amount of fat and cholesterol in dairy products, making them healthier for consumers. The dairy industry is investing heavily in research on new enzymes, and we can expect to see more innovative products coming from this sector in the years to come.
The annual FMI half-yearly analysis and review studies the global market and forecast market value changes over the next six months, taking into account its demographic and technological innovation influences, along with macroeconomic and global industry influences.
The changes are influenced largely by certain demographic and industry factors, as well as the subjective impact of macroeconomic and industrial factors.
Some new developments that take place in these market areas have included.
During the historic period of 2018 to 2022, the market expanded at a CAGR of 6.1%. There are various industrial applications of biotechnology that have resulted in the development of biotech products that are used regularly. A few of these falls under the food science application category, which uses enzymes to improve the quality and functionality of various foods.
Similarly, enzymes are used in the dairy sector as coagulants in the production of cheese or as bio protectors to improve the safety and shelf-life of dairy products. Possibilities are also expanding due to the growing popularity of vegan food products. Taking these factors into consideration, we can say that the global dairy enzymes market is expected to expand at around 7.4% CAGR over the forthcoming decade, expected to reach a value of nearly USD 1,812.8 million by 2033.
Manufacturers are concentrating on further improving their enzyme offerings, which are used in the production of dairy products and enable faster production and a double-digit increase in production efficiency.
Ingredients and Additives that are Proactive Consumer Preferences Drive the Transition to Clean-Labeled Claims
The growing popularity of clean-labeled, free-from foods is driving up demand for dairy enzymes in the food industry. Consumer preferences are shifting away from chemical ingredients and towards natural, minimally processed food products. The shift can be attributed to a growing awareness of the negative health effects of synthetic ingredients and additives. Consumers' awareness of the health consequences of the foods they eat has shifted their focus to naturally processed foods that are perceived to be safe and healthy. Manufacturers are increasingly using natural ingredients and additives in their processed food systems as a result of this emerging trend. In comparison to synthetic chemicals, the market is expected to grow rapidly due to their widespread use in a wide range of food matrices.
Principal Consultant
Carbohydrase are enzymes that catalyze the breakdown of complex carbohydrates into simple sugars. The carbohydrase segment was worth USD 220 million in revenue in 2021 and is expected to be worth USD 350 million by 2030, owing to rising demand for sports drinks as people's lifestyles change. Carbohydrase is widely used in the production of food and beverage, pharmaceutical, and animal feed products because it removes acids and harmful gases.
This expansion can be attributed to the numerous applications in the production of food items such as dairy products, beer, baked goods, and processed foods. Animals and microbiomes, on the other hand, are communities of microorganisms such as viruses, fungi, and bacteria that live symbiotically around, on, and in animals, contributing to animal well-being and health. Animal microbiomes are critical to the healthy operation of their diverse ecosystems.
Several microbes, including Irpex, Rhizomucor pusillus, and Aspergillus oryzae, are widely used in the production of rennet during cheese production. The cheese segment dominated the market, with a market share of around 21.13% in 2021. This expansion can be attributed to rising consumption of dairy products, which are high in nutritional value. Furthermore, cheese is a well-known and appealing food worldwide. It is available in a wide range of textures, flavors, and genres, with numerous applications in the food and beverage industries.
The region presents enormous opportunities for market participants due to factors such as an increasing number of people suffering from lactose intolerance and an increase in digestive disorders. Lactose intolerance affects approximately 36% of the US population, or 30 million American adults. This increased the sales of dairy enzyme pills, dairy enzyme supplements, enzyme dairy ingredients, and so on.
As a result, consumers are shifting away from milk-based dairy products. The market in North America is expected to be highly profitable during the forecasted period.
| United States Market Size (USDmillion/billion) by End of Forecast Period (2033) | USD 409.2 million |
|---|---|
| United States Market Absolute Dollar Growth (USDmillion/billion) 2023 to 2033 | USD 237.4 million |
| CAGR % 2017 to 2022 | 5.0% |
| CAGR % 2023 to End of Forecast (2033) | 5.6% |
Germany is expected to grow significantly during the projected period due to improved industrialized growth over the decade, which is followed by improvements in the food and beverage industry. In Germany, 30% of respondents identified as flexitarians. As a result, plant-based dairy products have grown in popularity.
According to studies, plant-based food consumption increased by nearly 50% between 2019 and 2021. While animal welfare is the primary motivator for this shift, a growing number of consumers have expressed lactose intolerance. As a result, demand for plant-based dairy enzymes has increased.
| Germany Market Size (USDmillion/billion) by End of Forecast Period (2033) | USD 143.60 million |
|---|---|
| Germany Market Absolute Dollar Growth (USDmillion/billion) | USD 64.1 million |
| CAGR % 2017 to 2022 | 7.5% |
| CAGR % 2023 to End of Forecast (2033) | 8.4% |
China is the world's biggest manufacturer and exporter of food ingredients, and it is a key market for dairy enzymes. As a result of the ongoing Coronavirus pandemic, the market recently experienced a restraining trend. However, because of foreign countries' reliance on China for the ingredient, as well as cumulative R&D and revolution progress in dairy enzyme technology and related equipment, demand for dairy enzyme export is expected to recover during the forecast period.
| China Market Size (USDmillion/billion) by End of Forecast Period (2033) | USD 214.5 million |
|---|---|
| China Market Absolute Dollar Growth (USD million/billion) | USD 72.3 million |
| CAGR % 2017 to 2022 | 8.4% |
| CAGR % 2023 to End of Forecast (2033) | 11.5% |
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The global market for dairy enzymes is fragmented, with numerous global and regional players. To stay competitive, active companies invest in new product development, expansion, and acquisitions. Some major players are expanding their global presence by acquiring foreign manufacturers. Chr. Hansen Holding, DuPont, Novozymes, Amano Enzyme, and Kerry Group are some of the major players in the dairy enzymes market. These players are focusing on expanding their product portfolios to meet the needs of various segments by capitalizing on opportunities presented by emerging markets. Furthermore, companies have made strategic partnerships their primary strategy for expanding their geographical presence and customer base.
Latest Developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.4% from 2023 to 2033 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and Volume in Units and F-CAGR from 2023 to 2035 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends and Pricing Analysis |
| Key Segments Covered | By Product, By Source, By Application, By Distribution Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa; Oceania |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, Italy, France, United kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Chr. Hansen Holding; DuPont; Novozymes; Amano Enzyme and Kerry Group |
| Customization & Pricing | Available upon Request |
The global market exhibited a 6.1% CAGR from 2018 to 2022.
The market is forecast to register a CAGR of 7.4% through 2033.
Growth is fueled by pancreatic surgery and the rising prevalence of intestinal disorders.
The market in Germany is likely to expand at a CAGR of 8.4% from 2023 to 2033.
The United States dominates the global dairy enzymes market.
1. Executive Summary | Dairy Enzymes Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Carbohydrate Dairy Enzymes 5.2. Protease Dairy Enzymes 5.3. Polymerase & Nuclease Dairy Enzymes 5.4. Lipase Dairy Enzymes 5.5. Phytase Dairy Enzymes 5.6. Other Dairy Enzymes 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Plant-Based 6.2. Animal and Micro-organisms Based 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Milk 7.2. Cheese 7.3. Ice Creams & Desserts 7.4. Yogurt 7.5. Whey 7.6. Infant Formula 7.7. Other Applications 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. E-Commerce 8.2. Speciality Retailers 8.3. Supermarket/Hypermarket 8.4. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. DowDuPont 19.2. Kerry Group 19.3. DSM 19.4. Chr.Hansen 19.5. Novozymes 19.6. Advanced Enzymes Technologies 19.7. Amano Enzymes 19.8. Fytozimus Biotech 19.9. Enmex 19.10. SternEnzym 19.11. Biocatalysts 19.12. Connell Bros 20. Assumptions & Acronyms Used 21. Research Methodology
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Dairy Enzymes Market
