Dairy Enzymes Market Size
Dairy Enzymes Market size crossed USD 580 million in 2022 and is anticipated to exhibit over 9% CAGR from 2023 to 2032, driven by a commendable rise in demand for lactose-free dairy products. Lactose-free goods have gained significant popularity in recent years, attributed to the increasing incidences of food allergies such as lactose intolerance among people worldwide. According to the report published in ProCon.org, around 65% of adults globally have a sort of lactose intolerance caused due to decreasing activity of the LCT gene, resulting in abdominal pain and other gastrointestinal consequences after consuming dairy products. For those who cannot digest lactose, lactose-free dairy can deliver the vital elements found in regular dairy products, such as calcium and vitamins.
The health appeal of this product category to customers is currently widespread and expanding. That being said, consistent efforts toward improving product quality and diversity, allowing consumers varied enticing options, will strengthen the dairy enzymes market outlook. Dairy enzymes are relatively more expensive than traditional specialty food chemicals. Besides, there are strict guidelines pertaining to their usage and commercialization across several economies. The lengthy process involved in the development of new products may interfere with market growth.
|Market Size in 2022:||USD 580 Million|
|Forecast Period:||2023 to 2032|
|Forecast Period 2023 to 2032 CAGR:||9.2%|
|2032 Value Projection:||USD 1.25 Billion|
|Historical Data for:||2018 to 2022|
|No. of Pages:||300|
|Tables, Charts & Figures:||206|
|Segments covered:||Product, Application|
|Pitfalls & Challenges:|
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The sudden onset of COVID-19 posed several challenges to the global value chains due to the imposition of stringent lockdown norms and trade barriers. These disruptions significantly impacted the supply of raw materials, resulting in the sluggish growth of the dairy enzymes market. However, the increased consumer inclination toward nutritious food items with added health benefits gained traction during the crisis as boosting immune health emerged as a preventive measure.
Dairy Enzymes Market Analysis
The proteases segment is estimated to reach USD 530 million by 2032. Proteases aid in the absorption of amino acids and the digestion of proteins. These enzymes also help boost cardiovascular health, promote immune function, and accelerate tissue repair while preventing colon cancer. This apart, the non-pathogenic, non-toxic, and eco-friendly benefits associated with protease enzymes favor their adoption across several end-use industries.
The cheese segment is poised to grow at 9.5% CAGR through 2032. The increasing cultural exchanges and broadening culinary horizons will complement the demand for dairy-free cheese. In addition, the increased popularity of fast foods like pizza, pasta, and hamburgers has led the demand for mozzarella, parmesan, and cheddar cheese across the globe. Food enzymes market size reach USD 4.6 billion by 2027, propelled by increased consumption of alcoholic and non-alcoholic beverages.
Europe dairy enzymes industry is likely to exceed USD 450 million in revenue by 2032. Consistent innovations in food technology and a considerable rise in R&D investments focused on developing high-quality food products will boost the demand for dairy-free enzymes across Europe. Additionally, growing consumer awareness and increasing inclination toward better quality food items made with enzymes will help augment the regional market share.
Dairy Enzymes Market Share
Notable players in the Dairy Enzymes market include
- Kerry Group
- Molekula Gmbh
- Dow DuPont
- Amano Enzyme
- Specialty Enzymes
- Advanced enzyme technologies
- Enzyme Innovation.
Dairy Enzymes Industry News
- In April 2021, Biocatalysts Ltd., in a bid to extend its range of Halal- and Kosher-certified enzymes, especially targeting the dairy protein market, rolled out its new enzyme Promod™ 517MDP (P517MDP). The newly launched P517MDP is a highly efficient exopeptidase that attains over 40% degree of hydrolysis in casein protein, breaking it down into peptides and amino acids. This improves its solubility and enhances its digestibility changing casein protein hydrolysate to a more versatile component that can be utilized in the production of foods for special medical purposes, including specialist follow-on and infant formulas.
This dairy enzymes market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
Market, By Product (2018 – 2032)
- Other carbohydrates
Market, By Application (2018 – 2032)
- Whey Protein
- Desserts & ice creams
- Infant formula
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
Frequently Asked Questions (FAQ) :