Dairy Enzyme Market To Hit $1 Billion By 2030, Says Global
Selbyville, Del., Sept. 6, 2022 (GLOBE NEWSWIRE) — Dairy Enzymes Market size is expected to surpass USD 1 billion by 2030, according to a new research report from Global Market Insights Inc.
A positive outlook towards the dairy processing industry will boost dairy enzyme industry trends, the report states. Rising government initiatives to reduce risk factors regarding food products in the food and beverage industry that can cause intestinal damage, digestion problems, diarrhea and other problems will increase the demand for products . Changing consumer preference towards lactose-free dietary supplements as an alternative to lactose-rich products due to increasing cases of lactose intolerance among people across the globe will also increase the demand for the dairy enzymes market .
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Strict and careful regulations to manage the manufacture and use of enzymes may emerge as a major limiting factor, the report cites. However, the growing awareness of the use of these enzymes in the processing of curds, cheese, butter and ice cream may boost product adoption while encouraging market players to eventually reduce related properties. at the risk of these enzymes.
Increased consumption of sports drinks to increase demand for dairy carbohydrase enzymes
Based on product, the report separates the dairy enzymes market into lipases, carbohydrases (amylase, lactase, others), proteases, esterase, catalase, transglutaminase and others. Carbohydrases segment size was recorded at USD 220 million in revenue in 2021 and is expected to reach a valuation of USD 350 million by 2030, driven by growing demand for sports drinks due to changing lifestyles some people. Carbohydrase is widely used in the manufacture of food and beverages, pharmaceuticals, and animal feeds, as it removes harmful acids and gases from these items.
Breaking Property of Enzymes to Drive the Growth of Whey Protein Application Segment
The dairy enzymes market size of whey protein application segment will be over USD 100 million by 2030. smaller and more easily digestible, which will propel the absorption of whey proteins, thus resulting in a considerable increase in the demand for dairy enzymes.
Browse key industry information spread over 250 pages with 194 market data tables and 21 report figures and graphs, “Dairy Enzymes Market Size, By Product [Lipases, Carbohydrases (Amylase, Lactase, and Others), Proteases, Esterase, Catalase, Transglutaminase, and Other]By request [Milk, Cheese, Butter, Yogurt, Whey Protein, Desserts and Ice cream, Infant Formula, and Other Applications]Industry Analysis, Regional Outlook, Application Potential, Price Trend, Competitive Market Share and Forecast, 2022-2030in detail with the table of contents:
LATAM will emerge as a leading regional ground
The report indicates that the dairy enzymes market in Latin America will witness a notable CAGR of over 7.5% throughout the analysis timeline. In addition, the growing demand for processed foods and growing consumer health awareness will favor the prospects of the LATAM dairy enzymes industry.
The participation of numerous players in the dairy enzymes industry owing to the growing product demand and the involvement of innovative products will further the industry scenario in the MEA region. According to the report, the size of the Middle East and Africa market will show substantial growth through 2030.
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Acquisitions and mergers will remain a favorable growth strategy
The dairy enzymes industry competitive landscape includes Novozymes, STernEnzym, Kerry Group, Dow DuPont, Molekula Gmbh, DSM, Biocatalysts, Amano Enzyme, CHR. Hansen, Advanced Enzyme Technologies, Specialty Enzymes & Probiotics and Enzyme Innovation. These companies mainly engage in expanding their commercial presence through strategic collaborations with food and beverage producers and improving their product portfolio to strengthen their market position.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.