Market Overview

Dairy Enzymes Market is estimated to attain a value of USD 659.12 million in 2023 and is projected to reach a value of USD 1,234.83 million by 2033 with a CAGR of 7.2% during the forecast period.

In terms of volume, the market is anticipated to record a consumption of 12,305 tons in 2023 and is estimated to reach a volume of 24,558 by 2033 with a CAGR of 8.0% during the forecast till 2033.

The dairy enzymes refer to the industry involved in the production and distribution of enzymes used in the processing of dairy products such as milk, cheese, yogurt, and ice cream. These enzymes are used to facilitate the production process, improve quality, and extend the shelf life of dairy products.

Market Scope

The market includes various types of dairy enzymes such as lactase, rennet, lipase, protease, and others. It also encompasses a wide range of applications, including dairy processing, cheese making, yogurt production, and infant formula manufacturing. The dairy enzymes market is a rapidly growing segment of the global food industry, driven by increasing demand for dairy products and a focus on product innovation and process optimization.

With the growing prevalence of lactose intolerance among consumers, there has been a significant increase in demand for dairy products that are free from lactose. This has led to the development of new lactase enzymes that can break down lactose and make it easier for people to digest, thereby paving the path for growth of dairy enzymes market.

Further, the development of new enzyme technologies has led to the production of enzymes with improved functionality and stability, as well as better specificity and selectivity. This has helped to enhance the efficiency and effectiveness of dairy processing and improve the quality of finished products.

Growth of the global dairy industry: The global dairy industry has been growing steadily in recent years, driven by increasing demand from emerging markets and rising consumer awareness of the health benefits of dairy products. This has led to increased demand for dairy enzymes, particularly in regions such as Asia Pacific and Latin America.

Market Dynamics

One driving factor for the global dairy enzymes market is the increasing demand for dairy products, especially in developing countries. As incomes rise in these countries, consumers are becoming more health-conscious and are seeking out higher quality dairy products. This has led to an increase in demand for products such as cheese, yogurt, and milk-based desserts.

However, producing these dairy products on a large scale can be challenging without the use of enzymes. Enzymes are essential for milk processing, as they break down complex molecules into simpler forms, which allows for the production of products such as cheese and yogurt. Dairy enzymes market also offer several benefits for producers. They can improve product quality and consistency, reduce production time and costs, and increase yields. Additionally, using enzymes can help to reduce waste and improve sustainability, which is becoming increasingly important for consumers and regulators.

Moreover, technological advancements and ongoing research and development in dairy enzymes have led to the introduction of new and innovative products. For instance, the development of enzymes with specific functionalities has enabled the production of lactose-free and low-lactose dairy products, which cater to consumers with lactose intolerance or sensitivity. The increasing demand for dairy products, coupled with the benefits offered by dairy enzymes, is expected to drive the growth of the global dairy enzymes market in the coming years.

One trend for the global dairy enzymes industry is the increasing adoption of automation and digitalization in dairy processing. The use of automation and digital technologies, such as robotics, artificial intelligence, and the Internet of Things (IoT), is transforming the dairy industry by improving efficiency, reducing costs, and enhancing product quality and safety. In dairy processing, enzymes play a crucial role in the conversion of milk into various dairy products, such as cheese, yogurt, and butter.

The use of automation and digital technologies can help to optimize the production processes and improve the efficacy of enzymes in dairy processing. For example, robotics can be used to automate the handling and processing of raw materials and finished products, reducing the risk of contamination and improving the overall efficiency of the production process. Artificial intelligence and machine learning algorithms can be used to optimize the use of enzymes and other processing aids, by predicting the optimal conditions for each processing step based on real-time data from sensors and other monitoring devices.

Furthermore, the integration of digital technologies into the dairy processing workflow can also help to improve the traceability and transparency of the production process, by providing real-time data on each step of the process and enabling better quality control and regulatory compliance. Another trend in the global dairy enzymes market is the growing demand for customized enzyme solutions.

As the dairy industry becomes more specialized and fragmented, manufacturers are seeking out enzyme solutions that are tailored to their specific processing needs and product requirements. This trend is driving innovation in the enzyme market, as companies develop new enzymes and enzyme blends to meet the evolving demands of the dairy industry.

Market Analysis By Type

Based on type, the dairy enzymes market is segmented into Lactase, Chymosin, Microbial rennet, Lipase, Others. Chymosin dominates the market with a consumption expected to reach a volume of 3,048 tons in 2023. Chymosin is a key enzyme used in the production of cheese, and as the demand for cheese increases, the consumption of chymosin also increases.

Traditional chymosin is extracted from the stomachs of young ruminants, making it unsuitable for vegetarians and halal diets. The development of genetically engineered and microbial fermentation-derived chymosin has enabled the production of vegetarian and halal cheese, which is driving the growth of chymosin consumption. Advances in enzyme production technology have made it easier and more cost-effective to produce chymosin, which has led to increased use of this enzyme in the food and beverage industry.

Market Analysis By Source

Based on source, the dairy enzymes market is segmented into plant, animal and microorganism. Plant based dairy enzymes is estimated to reach a volume of 4,570.50 tons by 2033 with a CAGR of 10.0% in terms of volume. Plant-sourced dairy enzymes are often preferred by those who follow a vegan or vegetarian lifestyle and by people who are lactose intolerant.

They are also becoming more popular due to increased awareness of animal welfare and sustainability concerns in the dairy industry. Several factors are responsible for the rise of plant-sourced dairy enzymes market. These include an increasing desire for vegan and vegetarian options as more individuals adopt plant-based lifestyles. There is also a growing awareness of animal welfare in the food industry, which has led consumers to seek out alternatives to animal-derived ingredients.

Regional Analysis

Global dairy enzymes market is analyzed across the regions such as North America, Europe, APAC, South America and MEA. In terms of regional share North America consumed a volume of 4,265 tons in 2022 and is estimated to reach a volume of 8,939 tons by 2032 with a CAGR of 7.8%.

One of the major factors driving the growth of the dairy enzymes industry in North America is the increasing demand for dairy products. Dairy is an important part of the North American diet and is consumed in various forms such as milk, cheese, yogurt, and ice cream. The demand for dairy products in the region has been increasing due to factors such as population growth, rising disposable income, and changing lifestyles. This has led to an increased demand for dairy enzymes as they are essential for the production of high-quality dairy products.

Another factor driving the growth of the dairy enzymes market in North America is the growing awareness about the benefits of dairy enzymes. Dairy enzymes offer several benefits such as improved texture, flavour, and nutritional value of dairy products. Additionally, dairy enzymes help in reducing production time, increasing yield, and reducing waste, making them an attractive option for manufacturers. The increasing awareness about these benefits has led to a rise in demand for dairy enzymes in the region.

Within APAC region China acquires a major consumption in dairy enzymes market, as per the data released by We Market research the country consumed a total of 1,280 tons of dairy enzymes in 2022 with a CAGR growth of 8.4% during the forecast period. China is the world's largest consumer and producer of dairy products, with a rapidly growing demand for milk, cheese, and yogurt. The increasing demand for dairy products is driving the demand for dairy enzymes in the country.

Additionally, the growing middle-class population with higher disposable incomes is also contributing to the demand for premium dairy products. The Chinese government is promoting the use of enzymes in the food industry to improve food quality and safety, leading to a rise in demand for dairy enzymes. The government is also providing support and incentives to the food and dairy industry, further driving the market growth.

Competitive Landscape

Some of the major companies operating within the dairy enzymes market are CHR Hansen, Dowdupont, DSM, Kerry Group, Novozymes, Advanced Enzymes Technologies, Amano Enzyme, Connell Bros, Biocatalysts, SternEnzym, Lallemand Inc, Lesaffre et Compagnie, Jiangsu Boli Bioproducts Co., Ltd, Sacco S.r.l., Bioseutica B.V, Others.

CHR Hansen, Dowdupont and DSM dominate the market with an active share of more than 50%. Chr. Hansen's products are based on microbial and fermentation technology, and they are designed to help improve the quality, safety, and sustainability of food products. The company's product portfolio includes cultures, enzymes, probiotics, colors, and natural flavors. These ingredients are used in a wide range of applications, including dairy, meat, bakery, wine, and dietary supplements.

Recent Developments

In 2021, Chr. Hansen announced a new sustainability strategy with the goal of becoming carbon neutral by 2050. The company plans to achieve this by reducing greenhouse gas emissions in its operations and supply chain, as well as by developing sustainable products.

In February 2021, DowDuPont announced that it had completed the divestiture of its crop protection business to FMC Corporation for USD 1.2 billion. The divestiture included DuPont's Cereal Broadleaf Herbicides and Chewing Insecticides portfolios, as well as Rynaxypyr®, Cyazypyr® and Indoxacarb.

In 2020, the company invested in a series A funding round for a startup called Cyclyx International, which is developing new technologies for plastic recycling.

Market Segments

By Type

·         Lactase

·         Chymosin

·         Microbial rennet

·         Lipase

·         Others

By Source

·         Plant

·         Animal

·         Microorganism

By Application

·         Cheese

·         Yogurt

·         Milk

·         Whey

·         Ice Cream & Desserts

·         Infant Formula

·         Others

1.       Global Dairy Enzymes Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Dairy Enzymes Market Scope and Market Estimation

1.2.1.Global Dairy Enzymes Overall Market Size, Revenue (US$ Mn) and Volume (Tons), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.Global Dairy Enzymes Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1.Type of Global Dairy Enzymes Market

1.3.2.Source of Global Dairy Enzymes Market

1.3.3.Application of Global Dairy Enzymes Market

1.3.4.Region of Global Dairy Enzymes Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Dairy Enzymes Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Dairy Enzymes Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Dairy Enzymes Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Dairy Enzymes Market

3.8.   Impact of Economic Downturn on Dairy Enzymes Market

3.9.   Dairy Enzymes Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Dairy Enzymes Market Estimates & Forecast Trend Analysis, by type

4.1.    Global Dairy Enzymes Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by type, 2019 to 2033

4.1.1.   Lactase

4.1.2.Chymosin

4.1.3.Microbial rennet

4.1.4.Lipase

4.1.5.Others      

5.       Global Dairy Enzymes Market Estimates & Forecast Trend Analysis, by Application

5.1.    Global Dairy Enzymes Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1.    Cheese

5.1.2.Yogurt

5.1.3.Milk

5.1.4.Whey

5.1.5.Ice Cream & Desserts

5.1.6.Infant Formula

5.1.7.Others

6.       Global Dairy Enzymes Market Estimates & Forecast Trend Analysis, by Source

6.1.    Global Dairy Enzymes Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Source, 2019 to 2033

6.1.1.    Plant

6.1.2.Animal

6.1.3.Microorganism

7.       Global Dairy Enzymes Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Dairy Enzymes Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1.North America

7.1.2.Europe

7.1.3.Asia Pacific

7.1.4.Middle East & Africa

7.1.5.South America

8.       North America Dairy Enzymes Market: Estimates & Forecast Trend Analysis

8.1.    North America Dairy Enzymes Market Assessments & Key Findings

8.1.1.Dairy Enzymes Market Introduction

8.1.2.Dairy Enzymes Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

8.1.2.1.   By Type

8.1.2.2.   By Source

8.1.2.3.   By Application

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.       Europe Dairy Enzymes Market: Estimates & Forecast Trend Analysis

9.1.    Europe Dairy Enzymes Market Assessments & Key Findings

9.1.1.Dairy Enzymes Market Introduction

9.1.2.Dairy Enzymes Market Size Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

9.1.2.1.   By Cooling type

9.1.2.2.   By compression stage

9.1.2.3.   By end user

9.1.2.4.   By Power source

9.1.2.5.        By Country

9.1.2.5.1.     Italy

9.1.2.5.2.     Germany

9.1.2.5.3.     U.K.

9.1.2.5.4.     France

9.1.2.5.5.     Spain

9.1.2.5.6.     Rest of Europe

10.   Asia Pacific Dairy Enzymes Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.    Dairy Enzymes Market Introduction

10.1.2.    Dairy Enzymes Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

10.1.2.1.    By Cooling type

10.1.2.2.    By compression stage

10.1.2.3.    By end user

10.1.2.4.    By Power source

10.1.2.5.    By Country

10.1.2.5.1. China

10.1.2.5.2. Japan

10.1.2.5.3. India

10.1.2.5.4. Australia

10.1.2.5.5. South Korea

10.1.2.5.6. ASEAN

10.1.2.5.7. Rest of Asia Pacific

11.   Middle East & Africa Dairy Enzymes Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Dairy Enzymes Market Introduction

11.1.2.   Dairy Enzymes Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

11.1.2.1.    By Cooling type

11.1.2.2.    By compression stage

11.1.2.3.    By end user

11.1.2.4.    By Power source

11.1.2.5.    By Country

11.1.2.5.1. U.A.E.

11.1.2.5.2. Saudi Arabia

11.1.2.5.3. Egypt

11.1.2.5.4. South Africa

11.1.2.5.5. Rest of Middle East & Africa

12.   South America Dairy Enzymes Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   Dairy Enzymes Market Introduction

12.1.2.   Dairy Enzymes Market Size and Volume Estimates and Forecast (US$ Million & Tons) (2019 – 2033)

12.1.2.1.    By Cooling type

12.1.2.2.    By compression stage

12.1.2.3.    By end user

12.1.2.4.    By Power source

12.1.2.5.    By Country

12.1.2.5.1. Brazil

12.1.2.5.2. Argentina

12.1.2.5.3. Colombia

12.1.2.5.4. Rest of South America

13.   Competition Landscape

13.1.  Dairy Enzymes Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Dairy Enzymes Market Competition White Space Analysis, By End-user

13.3.  Dairy Enzymes Market Competition Regional Intensity Map Analysis, By Geographies Served

13.4.  Dairy Enzymes Market Concentration & Company Market Shares (%) Analysis, 2022

14.   Company Profiles

14.1.KAESER KOMPRESSOREN SE

14.1.1.    Company Overview & Key Stats

14.1.2.    Financial Performance & KPIs

14.1.3.    Product Portfolio

14.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.ATLAS COPCO AB

14.3.TGT FUEL TECHNOLOGIES

14.4.HITACHI LTD

14.5. CORKEN, INC.

14.6.NIGEN INTERNATIONAL LLC

14.7.GENERON

14.8.SAUER USA

14.9.INGERSOLL RAND   

14.10.    Others**

15.   Research Methodology

15.1.      External Power Outputs / Databases

15.2.      Internal Proprietary Database

15.3.      Primary Research

15.4.      Secondary Research

15.5.      Assumptions

15.6.      Limitations

15.7.      Report FAQs

16.   Research Findings & Conclusion