Dairy Enzymes Market Size By Product (Lipases, Carbohydrates, Proteases, Esterase, Catalase, Transglutaminase), By Application (Milk, Cheese, Butter, Yoghurt, Whey Protein, Desserts & Ice cream, Infant Formula) & Global Forecast, 2023 - 2032
Global Dairy Enzymes Market is expected to depict remarkable growth from 2023 to 2032 due to the rising population and increasing disposable incomes in developing countries. In addition, the rising consumption of functional foods and the growing awareness regarding the health benefits of dairy enzymes are likely to propel product adoption.
The increasing application scope of dairy enzymes in the production of cheese, yogurt, milk, and other dairy products has also bolstered product demand over the years. The ongoing advancements in biotechnology and enzyme engineering have led to several technological breakthroughs in the field. For instance, in September 2022, DSM, a Dutch dairy firm, launched Delvo Plant enzymes. This innovation will aid in simplifying oat-based dairy alternatives. As consumers are increasingly inclining toward products with minimal additives and artificial ingredients, the demand for novel dairy enzymes has skyrocketed.
The key manufacturers are investing in R&D to create enzymes that offer enhanced product quality, improved process efficiency, and reduced production costs. Citing an instance, in November 2022, Amano Enzyme Inc., a biotechnology company, opened a European hub for its R&D programs and enzyme production at Milton Park. The Japanese firm aims to boost its product offerings with an emphasis on flavor, texture, color, digestion, and nutritional profiles.
The dairy enzymes market is bifurcated in terms of product, application, and region.
Based on product, the industry is segmented into lipases, carbohydrates, proteases, esterase, catalases, and transglutaminase. The carbohydrates enzymes are further divided into amylases and lactases. The lactase segment will be worth $255 million by 2032. The shifting dietary preferences and changing lifestyles have fueled the demand for lactase in several regions. It is mostly utilized in food and beverages and dairy products across the globe.
Based on application, the dairy enzymes market share from the whey protein segment is speculated to accumulate a decent market share by 2032. The health advantages of products with whey protein and a surge in demand for whey protein-based personal care products among bodybuilding organizations are complementing segment growth. Moreover, the increasing fitness awareness among the youth is also offering lucrative opportunities to dairy enzyme producers worldwide.
Regionally, the North America dairy enzymes market will reach a valuation of around $270 million by 2032. This growth can be attributed to the growing demand for foods and the vast range of enzyme uses in milk production. Furthermore, the increasing prevalence of lactose intolerance in the region is fostering lactase enzyme demand. As per reports, nearly 30 million American adults have some degree of lactose intolerance by the age of 20.