Dairy Enzymes Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

The dairy enzymes market is estimated at USD 700 Million in 2022, and is projected to reach USD 1,500 Million by 2032, at a CAGR of 8.0% during the forecast period.

Enzymes such as animal and microbial rennet, lipases, lysozyme, lactases, and aminopeptidases, are key to milk clotting, lactose hydrolysis, controlling spoilage, and fermentation applications. Consequently, these products have proven essential to the operational and financial viability of operations in competitive dairy industry.

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On the other hand, the market is also expected to face challenges in terms of high costs for skilled professionals and infrastructure. High capital requirements hold back new entrants into the industry. This is a key factor holding back the expansion of the industry.

Key Takeaways

  • Lipase dairy enzyme products to find higher adoption rates, owing to flavoring and texture applications.
  • Plant-based enzymes to gain traction with the widening of global vegan and vegetarian consumer populations.
  • Cheese production applications to hold major market share, with microbial rennet gaining popularity in the sector.
  • E-commerce channels reflect significant growth to from 2022 to 2032, driven by the large number of small-scale end users.
  • South Asia & Pacific, is reflecting faster than average growth, Europe likely to retain lead with major impetus from the cheese industry.

“The dairy enzymes market is driven by the rapidly increasing consumption of dairy products in emerging markets. A highly competitive market landscape, has resulted in players seeking advantages in technology and expertise to maintain efficient, flexible, and financially-viable operations,” says an FMI analyst

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Covid-19 Impact Insights

The impact of the coronavirus pandemic on the dairy enzymes market has been largely negative. Reduced consumption of dairy products such as cheese and flavored yogurt substantially hurting sort term demand for associated enzymes. In addition, restrictions on the food service industry have also indirectly hurt demand.

On the other hand, market players are also likely to find opportunities to minimize losses during this crisis period. As consumers seek immunity boosting, personalized nutrition solutions during the pandemic, growing applications of dairy enzymes in fortified and functional foods and beverages will prove helpful to market players.

The market is likely to recover steadily towards 2021 as the lockdown restrictions are lifted, owing to continued demand for milk and its derivatives, especially in developing countries around the world.

Competitive Landscape

The dairy enzymes market is largely fragmented owing to the presence of numerous regional players in the sector. Some of the predominant participants in the industry include Advanced Enzymes Technologies, Amano Enyzme, CHR. Hansen, Danisco A/S, Dow DuPont, DSM, Enmex, Kerry Group, Novozymes, and SternEnzym among others.

Players in the dairy enzymes industry have been increasingly emphasizing on the expansion of product portfolios, with research into plant-based and microbial sources gaining importance. Also, manufacturers are putting in efforts towards improving sustainability of dairy industry operations in terms of processing and waste management.

For instance, in June 2022, DSM unveiled its new range of DelvoPlant enzymes for plant-based dairy alternative beverages, which enables superior flavoring and mouthfeel in end products.

In May 2022, DuPont Nutrition and Biosciences launched its Bonlacta dairy enzyme for consumers in the North America market, in lactose free applications, which allows cost reduction, and process optimization for dairy producers.

Novozymes unveiled Saphera Fiber, the company’s new lactase enzyme which bolsters the content of dietary fiber for applications in non-fermented milk-based product offerings.

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More Valuable Insights on the Dairy Enzymes Market

In its latest market study, Future Market Insights has provided readers with a detailed analysis of the global dairy enzymes market. It covers an exhaustive analysis in terms of historical demand from 2017 to 2021 and data on forecast for the period between 2022 and 2032. The report encompasses details on projection of growth on the basis of source (animal & microorganism, and plant), type (chymosin, microbial rennet, lactase, lipase, and others), application (milk, cheese, ice-cream & desserts, yogurt, whey, infant formula, and others), distribution channel (e-commerce, specialty retailers, supermarket/hypermarket), across six key regions.

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