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Global Rennet Market 2018-2022

  • Published: May 2018
  • Pages: 117
  • SKU: IRTNTR21133
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This market research report presents a comprehensive analysis of the global rennet market based on product such as animal-derived rennet, microbial rennet, and other rennet. Additionally, the report also provides an analysis of the market’s growth across geographic regions including the Americas, APAC, and EMEA.

Overview of the rennet market

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.

Companies covered

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
  • Clarion Casein
  • Clover Fonterra Ingredients*
  • DowDuPont
  • Österreichische Laberzeugung Hundsbichler
  • Renco

Segmentation by product and analysis of the rennet market

  • Animal-derived rennet
  • Microbial rennet

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

  • Americas
  • APAC
  • EMEA

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?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Global animal-derived rennet market – Market size and forecast 2017-2022
  • Global microbial rennet market – Market size and forecast 2017-2022
  • Global other rennet market – Market size and forecast 2017-2022
  • Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Rennet market in the Americas – Market size and forecast 2017-2022
  • Rennet market in EMEA – Market size and forecast 2017-2022
  • Rennet market in APAC – Market size and forecast 2017-2022
  • Key leading countries
  • Rennet market in the US
  • Rennet market in Mexico
  • Rennet market in Canada
  • Rennet market in Denmark
  • Rennet market in the UK
  • Rennet market in Germany
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing demand for cheese
  • Rising vegan population
  • Shortage of animal-derived rennet

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Chr. Hansen Holding
  • Clarion Casein
  • Clover Fonterra Ingredients
  • DowDuPont
  • Österreichische Laberzeugung Hundsbichler
  • Renco

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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