Market Research Future (Food and Beverages) Dairy Enzymes Market Research Report | Page 3

Dairy Enzymes Market Research Report – Forecast to 2023
2 Market Overview
Global dairy enzymes have witnessed massive growth over the last few years. Mass urbanization and growing
middle-income population group are the key factors for the rising consumption of dairy products, which in turn
accelerates the demand of dairy enzymes in the near future. Dairy products are well positioned among the
consumers due to its nutritional benefits.
The growth of the dairy enzymes market is attributed to various factors. Abolition of milk quotas in the European
Union is anticipated to be one of the key factors for the rising growth of dairy enzymes in Europe. Dairy enzymes
find use in cheese processing. The consumption of cheese is high in developed countries and the consumption is
observing an extraordinary growth, which in turn escalates the growth of dairy enzymes during the forecast period.
Also, increasing consumer inclination towards the low lactose milk products is expected to stimulate the growth of
dairy enzymes market in Europe & North America.
Segments:
The global dairy enzymes market is segmented on the basis of type, application, and source.
On the basis of type, it is segmented into lactase, proteases, lipases and others. Among all the types, the proteases
segment is dominating the market owing to its higher use in the cheese and other dairy products. This segment is
projected to expand at CAGR of 7.78% during the forecast period of 2018-2023. Additionally, lactase under the type
segment is experiencing a high growth rate.
On the basis of application, it is segmented into milk, cheese, yogurt, frozen desserts, infant formula, and others.
The cheese segment is dominating the market due to increased demand for dairy enzymes in the preparation
cheese. This segment is projected to expand at the highest growth rate during the forecast period of 2018-2023.
Increasing consumption of processed food, and the trend of eating out, are considered to be the main factors for the
rising growth of cheese.
On the basis of source, it is segmented into plant and animal & microorganism. The animal & microorganism segment
is dominating the market owing to the easy process of extraction and cost-effective research & development as
compared to the plant sources. This segment is projected to expand at CAGR of 7.50% during the forecast period.
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