The key players profiled in the dairy enzymes market, which have a strong global presence, include DowDuPont (US), DSM (Netherlands), Chr. Hansen (Denmark), Novozymes (Denmark), Advanced Enzymes Technologies (India), Kerry Group (Ireland), Amano Enzymes (Japan), Fytozimus Biotech (Canada), Enmex (Mexico), SternEnzym (Germany), Biocatalysts (UK), and Connell Bros (US).
The key market players adopted various growth strategies such as new product launches, expansions & investments, agreements & partnerships, and mergers & acquisitions to cater to the increasing demand for dairy enzymes. Companies have been expanding their operations in various regions across the globe to establish themselves as the leading players in the dairy enzymes market.
The key players are focusing on strategic expansion with new product developments in the dairy enzymes market. For instance, in April 2017, DowDuPont introduced GODO-YNL2, a liquid lactase enzyme, targeting the lactose-free dairy market. Also, in March 2016, Novozymes introduced a new lactase enzyme called Saphera that is specifically used in dairy products, including milk, yogurt, and other fermented products. It converts lactose into galactose and glucose. Some key companies also adopted strategies such as expansions and acquisitions to expand their reach geographically.
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The animal & microorganism segment, by source, is estimated to account for a larger share of the dairy enzymes market
The animal & microorganism segment is estimated to account for a larger share of the global dairy enzymes market in 2017. They are the most popular source of dairy enzymes preferred by manufacturers due to the process of extraction; also, comprehensive research on animals & microorganisms is easier to perform and more cost-effective as compared to plant-sourced dairy enzymes.
The cheese segment is estimated to be the largest application of dairy enzymes
The cheese segment accounted for the largest share of the global dairy enzymes market in 2017. Various microbes such as Aspergillus oryzae, Irpex, and Rhizomucor pusillus are extensively used for rennet production during the cheese making process. Most cheese producers expedite the curdling process with rennet, lactic acid, or plant-based enzymes from wild artichokes, fig leaves, safflowers, or melons. Other than plants and microbes, enzymes are also extracted from young ruminants.
North America is estimated to dominate the dairy enzymes market
In 2017, the North American region is estimated led the global market for dairy enzymes. Factors such as the presence of major players in the US, high awareness about food and dietary supplements, and significant demand for dairy enzymes from the feed industry will drive the market growth in North America.