
Fermented Chymosin Market
Description
Fermented Chymosin Market
Fermented Chymosin Market Outlook
Fermented chymosin is an enzyme that enables milk-clotting and is used for cheese production. Fermented chymosin is an excellent coagulant which is produced by the fermentation process. The commonly used micro-organisms for the production of fermented chymosin are Aspergillus niger and Saccharomyces (Kluyveromyces) lactis. Some manufacturers produce fermented chymosin with the help of recombinant DNA technology. The genes required for the production of chymosin enzyme are inserted in the micro-organisms, which are further used to produce chymosin by the fermentation process.
The Increasing Vegan Population Drive the Demand for Fermented Chymosin
According to a study done by Vegetarian Times, about 7.3 million individuals, i.e. 3.2% of the US adults follow a vegetarian-based diet. Out of 7.3 million people, one million people do not consume any animal products. The number of vegan population is increasing all across the world. The increase in vegan and flexitarian population is estimated to have a positive impact on the fermented chymosin market.
The increasing demand for cheese is estimated to serve as a driver for fermented chymosin market. The major concern of the cheese manufacturers is to optimize the texture, taste, whey value, and slice ability of cheese to fulfill the increasing requirements of the consumers. Thus, fermented chymosin serves as a suitable coagulant as it helps to improve the taste and texture of cheese. Also, as the health-awareness among the consumers is increasing the manufacturers are trying to develop fermented chymosin that helps to lower the salt content of cheese. The manufacturers of cheese have the opportunity to develop cheese with low salt content to attract health-conscious consumers.
The presence of various alternatives such as animal and microbial rennet is anticipated to hamper the sales of fermented chymosin. The microbial rennet is an excellent substitute as it is not derived from animals and provides similar important properties as that of fermented chymosin. But the rennet obtained from animal and microbial source can also cause unwanted accumulation of the by-products and further can lead to contamination of rennet, and thus, the cost for purification of rennet increases. Therefore, the manufacturers are using genetic engineering to insert the rennet genes and are inserting it into some fungi and bacteria to obtain chymosin using fermentation process. Also, the GMO (Genetically Modified Organisms) are killed after the fermentation process to avoid the contamination of fermented chymosin.
Fermented Chymosin Market Segmentation
The fermented chymosin market can be segmented on the basis of form, end-use, and sales channel:
The fermented chymosin market can be segmented on the basis of the form as:
Liquid
Granules
The fermented chymosin market can be segmented on the basis of the end-use as:
Food Processing
Pharmaceutical Industry
Foodservice/HoReCa(Hotels/Restaurants/Café)
Household
The fermented chymosin market can be segmented on the basis of the sales channel as:
Direct Sales
Indirect Sales
Hypermarkets/Supermarkets
Wholesalers
Specialty Stores
Online Retailers
Fermented Chymosin Market: Regional Analysis
The demand for cheese is anticipated to increase in the Asia Pacific region, which is expected to boosts the sales of fermented chymosin. The impact of western culture, rise in disposable income, increase in demand for fast-food, and large youth population is estimated to serve as a few drivers for the increase in the demand for cheese. Also, the vegan population is increasing at a high rate in the Asia Pacific. Thus, the increasing vegan population and demand for cheese are expected to create an opportunity for the fermented chymosin manufacturers to establish themselves in the Asia Pacific region.
Cheese consumption is high in North America and Europe but the changes in the consumer preferences are estimated to have a positive impact on fermented chymosin market. In recent years, the consumer demand for products free from animal-derived ingredients is increasing, and thus, fermented chymosin is a good option as it is aligned with the consumer requirements.
Fermented Chymosin Market: Key Participants
Few key market players in the fermented chymosin market are:
Hansen A/S
Koninklijke DSM N.V.
Maysa G?da
Mayasan AS
Nelson-Jameson
The research report presents a comprehensive assessment of the fermented chymosin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, end-use, and sales channel.
The report covers exhaustive analysis on:
Fermented chymosin Market Segments
Market Dynamics
Market Size
Supply and Demand
Current Trends/Issues/Challenges pertaining to fermented chymosin market
Competition Landscape and Emerging Market Participants in fermented chymosin market
Technology related to Production/Processing of fermented chymosin
Value Chain Analysis of the fermented chymosin market
The regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on fermented chymosin market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing dynamics of the fermented chymosin market in the industry
In-depth market segmentation and analysis
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments in the fermented chymosin market
Competitive landscape of the fermented chymosin market
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on fermented chymosin market performance
Must-have information for fermented chymosin market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
Table of Contents
333 Pages
- 1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand-side Trends
- 1.3. Supply-side Trends
- 1.4. Technology Roadmap Analysis
- 1.5. Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
- 3. Market Background
- 3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
- 3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
- 3.3. Opportunity Map Analysis
- 3.4. Product Life Cycle Analysis
- 3.5. Supply Chain Analysis
- 3.5.1. Supply Side Participants and their Roles
- 3.5.1.1. Producers
- 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
- 3.5.1.3. Wholesalers and Distributors
- 3.5.2. Value Added and Value Created at Node in the Supply Chain
- 3.5.3. List of Raw Material Suppliers
- 3.5.4. List of Existing and Potential Buyer’s
- 3.6. Investment Feasibility Matrix
- 3.7. Value Chain Analysis
- 3.7.1. Profit Margin Analysis
- 3.7.2. Wholesalers and Distributors
- 3.7.3. Retailers
- 3.8. PESTLE and Porter’s Analysis
- 3.9. Regulatory Landscape
- 3.9.1. By Key Regions
- 3.9.2. By Key Countries
- 3.10. Regional Parent Market Outlook
- 3.11. Production and Consumption Statistics
- 3.12. Import and Export Statistics
- 4. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast, 2022-2032
- 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021
- 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis
- 5. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Form
- 5.1. Introduction / Key Findings
- 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Form, 2017-2021
- 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Form, 2022-2032
- 5.3.1. Liquid
- 5.3.2. Granules
- 5.4. Y-o-Y Growth Trend Analysis By Form, 2017-2021
- 5.5. Absolute $ Opportunity Analysis By Form, 2022-2032
- 6. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By End-use
- 6.1. Introduction / Key Findings
- 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End-use, 2017-2021
- 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End-use, 2022-2032
- 6.3.1. Food Processing
- 6.3.2. Pharmaceutical Industry
- 6.3.3. Foodservice/HoReCa
- 6.3.4. Household
- 6.4. Y-o-Y Growth Trend Analysis By End-use, 2017-2021
- 6.5. Absolute $ Opportunity Analysis By End-use, 2022-2032
- 7. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel
- 7.1. Introduction / Key Findings
- 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Sales Channel, 2017-2021
- 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Sales Channel, 2022-2032
- 7.3.1. Direct Sales
- 7.3.2. Indirect Sales
- 7.3.3. Hypermarkets/Supermarkets
- 7.3.4. Wholesalers
- 7.3.5. Specialty Stores
- 7.3.6. Online Retailers
- 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021
- 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032
- 8. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Region
- 8.1. Introduction
- 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021
- 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. East Asia
- 8.3.5. South Asia & Pacific
- 8.3.6. MEA
- 8.4. Market Attractiveness Analysis By Region
- 9. North America Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 9.2.1. By Country
- 9.2.1.1. U.S.
- 9.2.1.2. Canada
- 9.2.2. By Form
- 9.2.3. By End-use
- 9.2.4. By Sales Channel
- 9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Form
- 9.3.3. By End-use
- 9.3.4. By Sales Channel
- 9.4. Key Takeaways
- 10. Latin America Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 10.2.1. By Country
- 10.2.1.1. Brazil
- 10.2.1.2. Mexico
- 10.2.1.3. Rest of Latin America
- 10.2.2. By Form
- 10.2.3. By End-use
- 10.2.4. By Sales Channel
- 10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Form
- 10.3.3. By End-use
- 10.3.4. By Sales Channel
- 10.4. Key Takeaways
- 11. Europe Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 11.2.1. By Country
- 11.2.1.1. Germany
- 11.2.1.2. U.K.
- 11.2.1.3. France
- 11.2.1.4. Spain
- 11.2.1.5. Italy
- 11.2.1.6. Rest of Europe
- 11.2.2. By Form
- 11.2.3. By End-use
- 11.2.4. By Sales Channel
- 11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Form
- 11.3.3. By End-use
- 11.3.4. By Sales Channel
- 11.4. Key Takeaways
- 12. East Asia Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 12.2.1. By Country
- 12.2.1.1. China
- 12.2.1.2. Japan
- 12.2.1.3. South Korea
- 12.2.2. By Form
- 12.2.3. By End-use
- 12.2.4. By Sales Channel
- 12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Form
- 12.3.3. By End-use
- 12.3.4. By Sales Channel
- 12.4. Key Takeaways
- 13. South Asia & Pacific Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 13.2.1. By Country
- 13.2.1.1. India
- 13.2.1.2. Thailand
- 13.2.1.3. Indonesia
- 13.2.1.4. Malaysia
- 13.2.1.5. Singapore
- 13.2.1.6. Australia
- 13.2.1.7. New Zealand
- 13.2.1.8. Rest of South Asia & Pacific
- 13.2.2. By Form
- 13.2.3. By End-use
- 13.2.4. By Sales Channel
- 13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Form
- 13.3.3. By End-use
- 13.3.4. By Sales Channel
- 13.4. Key Takeaways
- 14. MEA Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country
- 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
- 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
- 14.2.1. By Country
- 14.2.1.1. GCC Countries
- 14.2.1.2. South Africa
- 14.2.1.3. Israel
- 14.2.1.4. Rest of MEA
- 14.2.2. By Form
- 14.2.3. By End-use
- 14.2.4. By Sales Channel
- 14.3. Market Attractiveness Analysis
- 14.3.1. By Country
- 14.3.2. By Form
- 14.3.3. By End-use
- 14.3.4. By Sales Channel
- 14.4. Key Takeaways
- 15. Key Countries Fermented Chymosin Market Analysis
- 15.1. U.S.
- 15.1.1. Pricing Analysis
- 15.1.2. Market Share Analysis, 2021
- 15.1.2.1. By Form
- 15.1.2.2. By End-use
- 15.1.2.3. By Sales Channel
- 15.2. Canada
- 15.2.1. Pricing Analysis
- 15.2.2. Market Share Analysis, 2021
- 15.2.2.1. By Form
- 15.2.2.2. By End-use
- 15.2.2.3. By Sales Channel
- 15.3. Brazil
- 15.3.1. Pricing Analysis
- 15.3.2. Market Share Analysis, 2021
- 15.3.2.1. By Form
- 15.3.2.2. By End-use
- 15.3.2.3. By Sales Channel
- 15.4. Mexico
- 15.4.1. Pricing Analysis
- 15.4.2. Market Share Analysis, 2021
- 15.4.2.1. By Form
- 15.4.2.2. By End-use
- 15.4.2.3. By Sales Channel
- 15.5. Germany
- 15.5.1. Pricing Analysis
- 15.5.2. Market Share Analysis, 2021
- 15.5.2.1. By Form
- 15.5.2.2. By End-use
- 15.5.2.3. By Sales Channel
- 15.6. U.K.
- 15.6.1. Pricing Analysis
- 15.6.2. Market Share Analysis, 2021
- 15.6.2.1. By Form
- 15.6.2.2. By End-use
- 15.6.2.3. By Sales Channel
- 15.7. France
- 15.7.1. Pricing Analysis
- 15.7.2. Market Share Analysis, 2021
- 15.7.2.1. By Form
- 15.7.2.2. By End-use
- 15.7.2.3. By Sales Channel
- 15.8. Spain
- 15.8.1. Pricing Analysis
- 15.8.2. Market Share Analysis, 2021
- 15.8.2.1. By Form
- 15.8.2.2. By End-use
- 15.8.2.3. By Sales Channel
- 15.9. Italy
- 15.9.1. Pricing Analysis
- 15.9.2. Market Share Analysis, 2021
- 15.9.2.1. By Form
- 15.9.2.2. By End-use
- 15.9.2.3. By Sales Channel
- 15.10. China
- 15.10.1. Pricing Analysis
- 15.10.2. Market Share Analysis, 2021
- 15.10.2.1. By Form
- 15.10.2.2. By End-use
- 15.10.2.3. By Sales Channel
- 15.11. Japan
- 15.11.1. Pricing Analysis
- 15.11.2. Market Share Analysis, 2021
- 15.11.2.1. By Form
- 15.11.2.2. By End-use
- 15.11.2.3. By Sales Channel
- 15.12. South Korea
- 15.12.1. Pricing Analysis
- 15.12.2. Market Share Analysis, 2021
- 15.12.2.1. By Form
- 15.12.2.2. By End-use
- 15.12.2.3. By Sales Channel
- 15.13. India
- 15.13.1. Pricing Analysis
- 15.13.2. Market Share Analysis, 2021
- 15.13.2.1. By Form
- 15.13.2.2. By End-use
- 15.13.2.3. By Sales Channel
- 15.14. Thailand
- 15.14.1. Pricing Analysis
- 15.14.2. Market Share Analysis, 2021
- 15.14.2.1. By Form
- 15.14.2.2. By End-use
- 15.14.2.3. By Sales Channel
- 15.15. Indonesia
- 15.15.1. Pricing Analysis
- 15.15.2. Market Share Analysis, 2021
- 15.15.2.1. By Form
- 15.15.2.2. By End-use
- 15.15.2.3. By Sales Channel
- 15.16. Malaysia
- 15.16.1. Pricing Analysis
- 15.16.2. Market Share Analysis, 2021
- 15.16.2.1. By Form
- 15.16.2.2. By End-use
- 15.16.2.3. By Sales Channel
- 15.17. Singapore
- 15.17.1. Pricing Analysis
- 15.17.2. Market Share Analysis, 2021
- 15.17.2.1. By Form
- 15.17.2.2. By End-use
- 15.17.2.3. By Sales Channel
- 15.18. Australia
- 15.18.1. Pricing Analysis
- 15.18.2. Market Share Analysis, 2021
- 15.18.2.1. By Form
- 15.18.2.2. By End-use
- 15.18.2.3. By Sales Channel
- 15.19. New Zealand
- 15.19.1. Pricing Analysis
- 15.19.2. Market Share Analysis, 2021
- 15.19.2.1. By Form
- 15.19.2.2. By End-use
- 15.19.2.3. By Sales Channel
- 15.20. GCC Countries
- 15.20.1. Pricing Analysis
- 15.20.2. Market Share Analysis, 2021
- 15.20.2.1. By Form
- 15.20.2.2. By End-use
- 15.20.2.3. By Sales Channel
- 15.21. South Africa
- 15.21.1. Pricing Analysis
- 15.21.2. Market Share Analysis, 2021
- 15.21.2.1. By Form
- 15.21.2.2. By End-use
- 15.21.2.3. By Sales Channel
- 15.22. Israel
- 15.22.1. Pricing Analysis
- 15.22.2. Market Share Analysis, 2021
- 15.22.2.1. By Form
- 15.22.2.2. By End-use
- 15.22.2.3. By Sales Channel
- 16. Market Structure Analysis
- 16.1. Competition Dashboard
- 16.2. Competition Benchmarking
- 16.3. Market Share Analysis of Top Players
- 16.3.1. By Regional
- 16.3.2. By Form
- 16.3.3. By End-use
- 16.3.4. By Sales Channel
- 17. Competition Analysis
- 17.1. Competition Deep Dive
- 17.1.1. Hansen A/S
- 17.1.1.1. Overview
- 17.1.1.2. Product Portfolio
- 17.1.1.3. Profitability by Market Segments
- 17.1.1.4. Sales Footprint
- 17.1.1.5. Strategy Overview
- 17.1.1.5.1. Marketing Strategy
- 17.1.1.5.2. Product Strategy
- 17.1.1.5.3. Channel Strategy
- 17.1.2. Koninklijke DSM N.V.
- 17.1.2.1. Overview
- 17.1.2.2. Product Portfolio
- 17.1.2.3. Profitability by Market Segments
- 17.1.2.4. Sales Footprint
- 17.1.2.5. Strategy Overview
- 17.1.2.5.1. Marketing Strategy
- 17.1.2.5.2. Product Strategy
- 17.1.2.5.3. Channel Strategy
- 17.1.3. Maysa Gida
- 17.1.3.1. Overview
- 17.1.3.2. Product Portfolio
- 17.1.3.3. Profitability by Market Segments
- 17.1.3.4. Sales Footprint
- 17.1.3.5. Strategy Overview
- 17.1.3.5.1. Marketing Strategy
- 17.1.3.5.2. Product Strategy
- 17.1.3.5.3. Channel Strategy
- 17.1.4. Mayasan AS
- 17.1.4.1. Overview
- 17.1.4.2. Product Portfolio
- 17.1.4.3. Profitability by Market Segments
- 17.1.4.4. Sales Footprint
- 17.1.4.5. Strategy Overview
- 17.1.4.5.1. Marketing Strategy
- 17.1.4.5.2. Product Strategy
- 17.1.4.5.3. Channel Strategy
- 17.1.5. Nelson-Jameson
- 17.1.5.1. Overview
- 17.1.5.2. Product Portfolio
- 17.1.5.3. Profitability by Market Segments
- 17.1.5.4. Sales Footprint
- 17.1.5.5. Strategy Overview
- 17.1.5.5.1. Marketing Strategy
- 17.1.5.5.2. Product Strategy
- 17.1.5.5.3. Channel Strategy
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
Pricing
Currency Rates
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