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Dairy Enzymes Market Analysis

Report ID: GMI5311
Published Date: May 2023
Report Format: PDF

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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.

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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.

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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.

Authors: Kunal Ahuja, Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of dairy enzymes reached USD 580 million in 2022 and is predicted to grow at over 9% CAGR between 2023 and 2032, due to the growing prevalence of lactose intolerance and the subsequent rise in the demand for lactose-free dairy products.

The dairy enzymes industry share from the proteases segment is anticipated to garner over USD 530 million in revenue by 2032, given the ample health and environmental benefits associated with protease enzymes.

The dairy enzymes market value from the cheese application segment is set to exhibit over 9.5% CAGR till 2032, attributed to the growing popularity of fast food and broadening culinary horizons.

Prominent companies in the market include SternEnzym, Novozymes, Kerry Group, Molekula Gmbh, Dow DuPont, DSM, Amano Enzyme, Biocatalysts, CHR. Hansen, Specialty Enzymes, Advanced enzyme technologies, Probiotics, and Enzyme Innovation.