Rennet Market Trends, Market Segments, Landscape, Analysis and Forecast – 2023
Market Definition:
Rennet is widely used as an enzyme which is needed to coagulate milk and
separate it into solids curds and liquid whey in the production of cheese.
Usually some varieties of cheese are consumed fresh, but the varieties of
cheese that use rennet for clotting are aged for periods ranging from 4 weeks
to 2 years and the duration depends on the humidity content of the cheese.
Increasing consumption of dairy products and rapid industrialization has led to
the demand and launch of new and innovative cheese products by market players
which in turn is expected to boost the global rennet market share during the
forecast period.
The rennet market share in Europe is expected to dominate during the
assessment period due to high production of cheese leading to high usage of
animal rennet in the region. Cheese such as Grana Padano and Gorgonzola are
highly popular cheese of the region that uses rennet for its production.
Parmesan (Parmigiano Reggiano) cheese is made by traditional methods using calf
rennet. Countries such as France and Finland and growing use microbial rennet
in cheesemaking for the vegetarians and vegans is expected to boost the rennet
market share in Europe during the forecast period
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Regional Analysis:
The Asia-Pacific market for rennet is expected to hold a significant market
share as well as record the highest CAGR during the assessment period. Rapid
urbanization followed by changing eating habits towards dairy products as
snacks as well as in meals are playing a major role in the growth of rennet
market share in the region. High livestock farming has encouraged the
production of rennet from ruminants and growing food industry in developing
nations of Asia-Pacific are expected to fuel the use of rennet among food and
cheese manufacturers during the forecast period.
North America is expected to witness a moderate growth in the global rennet
market share during the forecast period due to growing cheese manufacturing
market in the region. Growing number of vegans are influencing food
manufacturers to use microbial rennet which is expected to boost the rennet
market share in North America during the forecast period. The market in the
rest of the world is expected to grow due to growing awareness about the use of
rennet in cheesemaking as well as in other dairy products including
dairy-desserts and yogurts.
Segments:
The global rennet market share has been segmented by
source, form, application, and region.
By source, the global rennet market share has been classified as animal
and microbial.
On the basis of form, the global rennet market share has been segregated
into powder, liquid, and others.
The application segment of global rennet market share is classified as
cheese, yogurt, dessert, and others.
Key Players:
Some of the key players in the global rennet market share are
Österreichische Laberzeugung Hundsbichler GmbH (Austria), Renco New Zealand
(New Zealand), Chr. Hansen Holding A/S (Denmark), DuPont (Denmark), Clarion
Casein Ltd (Gujarat), Fonterra Co-operative Group (New Zealand), WalcoRen
(Canada), Mahaan Foods Ltd (India), Enzyme Supplies Limited (UK), and
AlindaVelco S.A. (Greece).
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