Rockville, MD -- (SBWIRE) -- 12/21/2018 -- As per Fact.MR valuation, the worldwide demand for dairy enzymes is likely to exceed 270,000 tons by the end of forecast period, which could translate into a market opportunity of more than US$ 1 Bn.
The report details the factors that are likely to influence the growth of worldwide dairy enzymes market during 2017-2026. The in-depth analysis on the future projections of dairy enzymes market has been included in the report.
Key Insights:
Dairy enzymes market is projected to grow at a value CAGR of 7.4% during the forecast period, 2017-2026.
The European Food Safety Authority (EFSA) and FDA have categorized dairy enzymes under the category called 'Generally Recognized As Safe', usually referred to as GRAS. For example, the thermolysin enzyme recently got recognized as GRAS to be used in producing dairy products to enhance taste, make dairy products more digestible, and improve protein solubility.
Some of the main drivers of enzyme development include highly efficient processing, alleviated cost of production, and lesser environmental impacts.
The report projects sales of over US$ 150 Mn of dairy enzymes in 2018, owing to the mounting sales of dairy enzymes for cheese production, and increasing cheese intake globally. The number is likely to be higher than any other application area.
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Dairy Enzymes Gaining Ground, Owing to Delivering Sustainability Quotient of Dairy Products
Manufacturers are increasingly developing dairy enzymes to boost the quality of
dairy products. Some of the leading manufacturers operating in dairy enzyme market, like Novozymes, Advanced Enzymes Technologies, and DSM, are working towards creating better quality enzymes that can stay fresh for long periods of time. Better sustainability will result into less wastage by enhancing the product's shelf life and by keeping its freshness intact. Enzymes are highly beneficial in terms of offering sustainability, thus manufacturers are increasingly using them in the dairy industry, which could further drive the dairy enzymes market.
Dairy Enzymes Manufacturers Eying at Lactose Free Dairy
A lot of individuals out there face lactose intolerance, and the issue prevails across different parts of the world. As per National Institute of Diabetes and Digestive and Kidney Diseases over half of the population of the world has lactose malabsorption issue. A large population in Asia and Africa is lactose intolerant, whereas roughly 36 percent individuals face lactose intolerance in the United States.
The growing number of people facing lactose intolerance has encouraged manufacturers to introduce dairy products with zero percent lactose in them. Individuals are increasingly seeking lactose-free milk and wide range of other dairy products such as cheese, and yogurts. The growing popularity of dairy products with zero lactose in them has propelled enzyme manufacturers to introduce solutions that can meet the needs of consumers. Considering the same, DSM has rolled out a lactase enzyme known as Maxilact Smart, the fastest lactase enzyme for lactose-free dairy.
The report notes that many manufacturers want to achieve dairy production optimization, and are thus investing in the development of dairy enzymes that can boost rate of production, besides adding to the quality of the products. They are working particularly on enzymes for dairy products, offering extraordinary texture, flavor, long-lasting freshness, alleviated whey bitterness, etc.
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Worldwide Dairy Enzymes Market Likely to Remain Consolidated
The dairy enzymes market is divided into two types of dairy enzymes suppliers, the worldwide suppliers and the regional suppliers. The report has profiled key players in both the sets, including DSM, Kerry Group, Stern Enzymes, Biocatalysts, Enmex, Novozymes, and Amano Enzyme, etc. The report anticipates that the key players in this market are likely to integrate their operations with regional participants to expand their reach.
The fast changing consumer preferences and tectonic shifts in the current scenario have been influencing the dairy enzymes market significantly. Fact.MR report tracks the dairy enzymes market for the period 2017-2026. The report anticipates growth in worldwide dairy enzymes market at a value CAGR of 7.4% during the foreseeable period.
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