According to Technavio’s global enzyme market research and analysis, the growing demand for whey protein ingredients owing to the increasing health and fitness consciousness among the consumers is one of the key factors impelling the market’s growth. With the increasing application of whey protein ingredients in food and beverages, sports nutrition products, and dietary supplements, the demand for rennet to make liquid whey is expected to increase considerably in the forthcoming years. Furthermore, the rapidly rising sales of protein supplements will further fuel the growing demand for rennet used in producing whey protein ingredients. Technavio’s market research analysts have predicted that the rennet market will register a CAGR of about 7% by 2022.
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With the continuously increasing consumers preferring vegan diet across the advanced and emerging economies, the demand for microbial rennet, vegetable rennet, and FPC has increased in the recent years. Owing to the several advantages of the vegan diet, many modern consumers are keen on buying products only after checking the ingredients used for manufacturing food items thoroughly. As a result, various foodservice outlets have started offering products made using vegan rennet as it is not derived from animals. According to the dairy enzymes industry research analysis, rising vegan population adopting diets derived from vegan rennet will be one of the key rennet market trends gaining traction during the next few years.
This market appears to be moderately fragmented by the presence of a considerable number of vegetable rennet manufacturers. The microbial rennet industry analysis research report will help clients identify new rennet market growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape. Additionally, the report also offers information on the products offered by companies and recommends areas the companies should focus on to enhance their customer base across various geographies.
This research report provides an analysis of various companies in this market including –
Chr. Hansen Holding
Clover Fonterra Ingredients*
Österreichische Laberzeugung Hundsbichler
Segmentation by product and analysis of the rennet market
The animal-derived rennet product segment held the largest share in the market during 2017. According to the dairy enzyme market research analysis, the product segment will continue to dominate the market throughout the forecast period.
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Segmentation by geography and analysis of the rennet market
Technavio’s analysts estimated that the Americas accounted for the maximum growth of the market during 2017. According to the microbial rennet market research report, this region will account for the maximum growth of this market during the next few years owing to the rising awareness of vegan diet among the consumers of advanced economies including the US.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global rennet market?
What are the key market trends impacting the growth of the global rennet market?
What are the challenges to market growth?
Who are the key vendors in the global rennet market?
What are the market opportunities and threats faced by the vendors in the global rennet market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global rennet market?
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