Global Rennet Market 2018-2022
Rennet is a complex of enzymes produced in the stomachs of ruminant mammals, which is used as a coagulant in the production of various food products.
Technavio’s analysts forecast the global rennet market to grow at a CAGR of 6.55% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global rennet market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rennet Market 2018-2022
Technavio recognizes the following companies as the key players in the global rennet market: Chr. Hansen Holding, Clarion Casein, Clover Fonterra Ingredients*, DowDuPont, Österreichische Laberzeugung Hundsbichler, and Renco.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising vegan population. 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.”
According to the report, one driver in the market is growing demand for whey protein ingredients. 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.
Further, the report states that one challenge in the market is availability of alternative coagulants. The availability of cheaper alternatives, which can be used as coagulants for cheese making, highly challenges the global rennet market. Rennet is highly priced due to various reasons.
Chr. Hansen Holding
Clover Fonterra Ingredients*
Österreichische Laberzeugung Hundsbichler
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