Rennet Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Rennet is enzyme-rich in protein and is used to separate milk into solid curds for cheesemaking and liquid whey. The critical component of rennet is Chymosin which is a protease enzyme that curdles the casein in milk. Rennet also contains other enzymes, including lipase and pepsin. Rennet finds application in dairy industry for making cheese, yogurt, and others.

MARKET DYNAMICS

The critical factors such as the growth of the processed food industry and rising cheese consumption due to its nutritional content are expected to drive the rennet market. The varied packaging, availability of various shapes and sizes coupled with plant-based version of rennet are expected to create ample market growth opportunities. However, the shortage of calf rennet for making cheese is anticipated to hinder the market growth.

MARKET SCOPE

The "Global Rennet Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Rennet market with detailed market segmentation by source, form, application. The global Rennet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Rennet market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Rennet market is segmented into source, form, application. By source, the Rennet market is classified into Animal, Microbial. By form, the Rennet market is classified into Liquid, Powder, Others. By application, the Rennet market is classified into Cheese, Yogurt, Dessert, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Rennet market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Rennet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Rennet market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Rennet market in these regions.

MARKET PLAYERS

The report covers vital developments in the Rennet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the Rennet market are anticipated to lucrative growth opportunities in the future with the rising demand for Rennet in the global market. Below mentioned is the list of few companies engaged in the Rennet market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Rennet market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   WalcoRen
  
•   Iran Industrial Enzyme Co.
  
•   Yangzhou Chemical Co. Ltd.
  
•   Chr. Hansen Holdings A/S
  
•   Vahgan EV. Tigra Co. Ltd.
  
•   Bioactive Yeast Co. Ltd.
  
•   Scientific and Technological Bioresource Nucleus
  
•   DuPont Nutrition & Health
  
•   Sudershan Biotech Ltd.
  
•   MAYASAN Food Industries A.S.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Rennet Report Scope