Market Size of Dairy Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dairy Enzymes Market Analysis
The global dairy enzymes market is projected to register a CAGR of 7.37% during the forecast period (2022-2027).
COVID-19 has had a slightly unfavorable influence on the dairy enzymes market. Reduced intake of dairy products like cheese and flavored yogurt significantly impacted the need for related enzymes in the long run. Furthermore, regulations on the food service business have harmed demand indirectly. On the other hand, market players are likely to seek ways to limit their losses during COVID-19. Growing applications of dairy enzymes in fortified and functional foods and beverages could benefit market players as customers seek immunity-boosting, tailored nutrition solutions during the pandemic.
The market is driven by the increasing consumption of cheese, yogurt, and other dairy products in the developing markets. Increasing competition in the market for staying ahead in the dynamic dairy sector requires the best technology and expertise to remain flexible, efficient, and profitable.
The rising demand for various dairy-incorporated processed foods is also boosting sales. With the growing concern about lactose intolerance, dairy enzymes are increasing in low-lactose products.
