Global Fermented Chymosin Market Size study, By Form (Liquid, Granules), By End Use (Food Processing, Pharmaceutical Industry, Foodservice/HoReCa (Hotels/Restaurants/Café), Household), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermark

Global Fermented Chymosin Market Size study, By Form (Liquid, Granules), By End Use (Food Processing, Pharmaceutical Industry, Foodservice/HoReCa (Hotels/Restaurants/Café), Household), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Wholesalers, Specialty Stores, Online Retailers), and Regional Forecasts 2022-2028

Global Fermented Chymosin Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Fermented Chymosin also known as fermentation-produced chymosin (FPC) is a non-gmo milk clotting enzyme produced by the fermentation of Kluyveromyces lactis (a Kluyveromyces yeast). FPC is utilized in cheese production industry to optimizes cheese yield. The growing consumption of cheese worldwide and rising food processing industry as well as recent product innovations from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – in 2020 the global cheese production was estimated at 21.4 million metric tons, and the amount is projected to reach to 22.08 million metric tons by end of 2022. Moreover, as per OECD-FAO Agricultural Outlook 2021-2030 report – during 2020, worldwide cheese production was estimated at 24067 kt pw, and this amount is projected to grow to 27614 kt pw by end of 2030. Furthermore, leading market players are coming up with innovative products to leverage the rising adoption of Fermented Chymosin. For instance, in June 2020, DuPont Nutrition & Biosciences, an arm of Dupont global launched a new a new milk coagulating preparation Chymostar for the dairy industry. Chymostar is intended for manufacturing of different type of cheese including - hard, semi-hard, soft, mold-ripened, low-fat and ingredient cheeses. Also, growing number of health-conscious individuals and rising emergence of fast-food chains are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, availability of substitutes as well as rising vegan population impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Fermented Chymosin Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing production of cheese and presence of leading FPC manufacturers in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as increasing adoption of clean label ingredients and rising number of fast-food outlets in the region, would create lucrative growth prospects for the global Fermented Chymosin Market across the Asia Pacific.

Major market players included in this report are:
Hansen A/S
Koninklijke DSM N.V.
Maysa Gida
Mayasan AS
Nelson-Jameson
VWR International, LLC
Ward's Science
Bulteh 2000 Ltd.
MTM Solutions
Danisco A/S (Dupont)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Liquid
Granules
By End Use:
Food Processing
Pharmaceutical Industry
Foodservice/HoReCa (Hotels/Restaurants/Café)
Household
By Sales Channel:
Direct Sales
Indirect Sales
Hypermarkets/Supermarkets
Wholesalers
Specialty Stores
Online Retailers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Fermented Chymosin Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Hansen A/S
Koninklijke DSM N.V.
Maysa Gida
Mayasan AS
Nelson-Jameson
VWR International, LLC
Ward's Science
Bulteh 2000 Ltd.
MTM Solutions
Danisco A/S (Dupont)

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