Dairy Enzymes Market

Dairy Enzymes Market Size by Application (Ice Cream and Desserts, Infant Formula, Whey, Cheese, Yogurt, Milk, and Others), Product Type (Microbial Rennet, Chymosin, Lipase, Lactase, and Others), Source (Animal & Microorganism and Plant), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12923
  • Published Date: Sep, 2022
  • Pages: 234
  • Category: Food & Beverages
  • Format: PDF
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The global dairy enzymes market is expected to grow from USD 695.46 million in 2021 to USD 1321.13 million by 2030, at a CAGR of 7.39% during the forecast period 2022-2030. North America is expected to grow the fastest during the forecast period

Market Introduction:

Enzymes are categorized as proteins that facilitate the digestive process among living organisms. Dairy enzymes are a type of food additive utilized to improve the texture & quality of dairy products. Dairy products include proteins called dairy enzymes that contribute to higher food quality. The consumption of dairy enzymes can facilitate efficient digestion. Dairy enzymes are used as coagulants to produce dairy products such as milk, cheese, yogurt, and functional daily beverages. These enzymes play an essential role in keeping the gut clean & healthy.

Enzymes are a protein that facilitates the digestive process in living organisms. Dairy enzymes can also be integrated with other natural flavoring agents, such as vanilla extract, for ice cream & desserts. In the food & beverage industry, enzymes play a vital role in the processing, production, and preservation of dairy- and egg-based products, infant formula, chocolates, syrups, baby food, food colors and flavors, cheese, sweeteners, milk, and others. The application of enzymes in cheese production as coagulants, in flavor generation through lipolysis or proteolysis, and in the generation of lactose-free dairy has become mainstream. Further, the recent developments in food enzyme discovery technology in the areas such as extracting microbial sources for the dairy market are supposed to promote business growth. Also, during the COVID-19 epidemic, many small-scale dairy enzyme manufacturers have been severely affected as reliance on out-of-home channels is difficult for people due to the lockdown in many nations.

Recent Development

For example, in March 2020, Novozymes Company released Saphera Fiber, a new lactase enzyme utilized to improve fiber content while lowering sugar in both non-fermented and fermented dairy products.  

For example, in March 2021, Amano Enzyme Company released maxizyme plus, a non-GMO enzyme designed for usage in different plant security products to produce a pleasant savory flavor.

Dairy Enzymes Market Size

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Market Dynamics:

Drivers:

The growing concerns about digestive health: The increasing incidence of gastrointestinal illnesses has raised the worldwide demand for fermented milk products. The rising consumption of yogurt, cheese, and other dairy products in the developing industry is the driving factor of the market growth. Further, the raised demand for processed & ready-to-use food products, high demands for low-lactose and lactose-free dairy products, and a higher demand for vegan-based dairy enzymes are also helping to drive the market growth. Moreover, the manufacturers are concentrating on additional enhancements in their enzyme offerings that are applicable in the production of yogurt and cheese, allowing faster production and a double-digit enhancement in production efficiency. Further, growth in public knowledge of the advantages of dairy consumption, increased knowledge of the environmental benefits associated with enzymes, and lifestyle changes are the driving factors of the market growth during the forecast period.

Restraints:

The strict regulatory compliance and operational conditions: The safety laws about the use of enzymes in food & allergic reactions to dairy products and the stringent safety laws for the utilization of enzymes in food products are restraining factors of market growth. Further, the side effects on health associated with high consumption, like allergic reactions, hinder the market growth. Moreover, the fluctuations in the raw materials prices & supply chain disruptions due to the epidemic are expected to restrain the market growth during the forecast period. Further, the increasing respiratory problems and allergies to multiple dairy products, particularly milk, hamper the market growth. The high investment costs into skilled labor & other facilities for the safe and efficient production of such products are hindering the market growth.

Opportunities:

The raised demand for low-lactose & lactose-free dairy products: Introducing organic and natural flavored dairy products at an affordable cost is the opportunity factor for market growth. The high lactose intolerant population and growing demand for lactose-free dairy products among customers are also helping to drive market growth. The introduction of attractive packaging methods, innovative products, and exciting marketing campaigns are also helping to propel the industry growth during the forecast period. Further, the raised awareness about the benefits of personalized nutrition solutions and the vast and increased number of lactose intolerance cases across the countries are also boosting the market growth during the forecast period. Thus, the raised health awareness has increased the demand for low-lactose & lactose-free dairy products, introducing new product lines to the industry.

Segmentation analysis:

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global dairy enzymes market, with a 45.38% share of the market revenue in 2021. North America currently dominates the dairy enzymes market due to the rising customer awareness regarding health drivers of the dairy enzymes market. Additionally, the growing consumer awareness about the vital consumption of dietary necessities, population explosion, and enhanced food quality are also driving the dairy enzymes growth. Moreover, the ever-increasing consumption of dairy & confectionery items and the growing product demand from the brewing and dairy sectors is also boosting the market growth in this region during the forecast period. The Asia Pacific is expected to grow the fastest during the forecast period due to the high milk production countries such as China and India and the rising personal disposable income.  Further, the world's largest producer & exporter of food ingredients is also helping to propel the market growth in this region. Also, an upsurge in food technology innovation, consistent R&D investment, and raised awareness of better-quality goods are driving market growth in this region.

North America region Dairy Enzymes Market Share in 2021 - 45.38%

 

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Application segment analysis

The application segment is divided into ice cream and desserts, infant formula, whey, cheese, yogurt, milk, and others. The cheese segment dominated the market, with a market share of around 21.13% in 2021. This growth is attributed to the increasing consumption of dairy products, which are high in nutritional value. Further, cheese is a famous and one of the most attractive foods globally. It is available in numerous variations of textures, tastes, and genres, with diverse applications in the food & beverages industry.

Product Type segment analysis

The product type segment is divided into microbial rennet, chymosin, lipase, lactase, and others. In 2021, the microbial rennet segment dominated the market with the largest market share of 28.17% and market revenue of 195.91 million. This growth is attributed to the increase in flexitarian & vegan populations. Microbial rennet is a coagulating agent based on live organisms like yeast, fungi, or mold. Microbial rennet is grown in the lab, where controlled conditions and constant monitoring assure the right quality of yeast, mold, or fungi incorporated in each ounce of rennet.

Source segment analysis

The source segment is divided into animal & microorganism and plant. In 2021, the animal & microorganism segment dominated the market, accounting for around 55.23% of global revenue.  This growth is attributed to the multiple uses in producing food items like dairy items, beer, baked goods, and processed foods. Further, animals and microbiomes are the communities of microorganisms like viruses, fungi, and bacteria that symbiotically live around, on, and in animals, contributing to animal well-being and health. Microbiomes in animals are vital to maintaining the healthy function of their diverse ecosystems.

Some of the Key Market Players:

  • Chr. Hansen A/S
  • Kerry Group.
  • Dow
  • Novozymes
  • Cargill
  • SternEnzym GmbH & Co. KG
  • Advanced Enzyme Technologies Limited
  • Fytozimus Biotech
  • Biocon
  • Danisco A/S
  • DuPont
  • ENMEX
  • Wilbur-Ellis Holdings, Inc.
  • Genencor International, Inc.
  • FrieslandCampina
  • Biocatalysts
  • Roquette Frères
  • DUMOCO
  • Amano Enzyme Inc.
  • Fonterra Co-operative Group Limited
Attribute Description
Market Size Revenue (USD Million), Volume (Kg)
Market size value in 2021 USD 695.46 Million
Market size value in 2030 USD 1321.13 Million
CAGR (2022 to 2030) 7.39%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments The research segment based on Product type, Application
Regional Segments The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa

Frequesntly Asked Questions

As per The Brainy Insights, the size of the dairy enzymes market was valued at USD 695.46 million in 2021 to USD 1321.13 million by 2030.

Global dairy enzymes market is growing at a CAGR of 7.39% during the forecast period 2022-2030.

North America region emerged as the largest market for the dairy enzymes.

The market's growth will be influenced by the growth in the growing concerns about digestive health.

The strict regulatory compliance and operational conditions could hamper the market growth.

The raised demand for low-lactose & lactose-free dairy products will provide huge opportunities to the market.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Product Type
          4.3.3. Market Attractiveness Analysis By Source
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for nutritious dairy products
          5.2.2. The growing concerns about digestive health
          5.2.3. The increasing demand for cheese enzymes.
          5.2.4. The increased consumption of dairy products associated with healthy eating
    5.3. Restraints
          5.3.1. The strict regulatory compliance and operational conditions
          5.3.2. The increasing respiratory problems and allergies to multiple dairy products particularly milk
    5.4. Opportunities
          5.4.1. The raised demand for low-lactose & lactose-free dairy products

6. Global Dairy Enzymes Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Ice Cream and Desserts
    6.3. Infant Formula
    6.4. Whey
    6.5. Cheese
    6.6. Yogurt
    6.7. Milk
    6.8. Others
    6.9. Powder

7. Global Dairy Enzymes Market Analysis and Forecast, By Product Type
    7.1. Segment Overview
    7.2. Microbial Rennet
    7.3. Chymosin
    7.4. Lipase
    7.5. Lactase
    7.6. Others

8. Global Dairy Enzymes Market Analysis and Forecast, By Source
    8.1. Segment Overview
    8.2. Animal & Microorganism
    8.3. Plant

9. Global Dairy Enzymes Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Dairy Enzymes Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Dairy Enzymes Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Chr. Hansen A/S
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Kerry Group
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Dow.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Novozymes
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Cargill
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. SternEnzym GmbH & Co. KG
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Advanced Enzyme Technologies Limited
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Fytozimus Biotech
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Biocon
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Danisco A/S
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. DuPont
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. ENMEX
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Wilbur-Ellis Holdings, Inc.
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Genencor International, Inc.
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. FrieslandCampina
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis
    11.16. Biocatalysts
          11.16.1. Business Overview
          11.16.2. Company Snapshot
          11.16.3. Company Market Share Analysis
          11.16.4. Company Product Portfolio
          11.16.5. Recent Developments
          11.16.6. SWOT Analysis
    11.17. Roquette Frères
          11.17.1. Business Overview
          11.17.2. Company Snapshot
          11.17.3. Company Market Share Analysis
          11.17.4. Company Product Portfolio
          11.17.5. Recent Developments
          11.17.6. SWOT Analysis
    11.18. DUMOCO
          11.18.1. Business Overview
          11.18.2. Company Snapshot
          11.18.3. Company Market Share Analysis
          11.18.4. Company Product Portfolio
          11.18.5. Recent Developments
          11.18.6. SWOT Analysis
    11.19. Amano Enzyme Inc.
          11.19.1. Business Overview
          11.19.2. Company Snapshot
          11.19.3. Company Market Share Analysis
          11.19.4. Company Product Portfolio
          11.19.5. Recent Developments
          11.19.6. SWOT Analysis
    11.20. Fonterra Co-operative Group Limited
          11.20.1. Business Overview
          11.20.2. Company Snapshot
          11.20.3. Company Market Share Analysis
          11.20.4. Company Product Portfolio
          11.20.5. Recent Developments
          11.20.6. SWOT Analysis
 

List of Table

1. Global Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

2. Global Ice Cream and Desserts, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

3. Global Infant Formula, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

4. Global Whey, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

5. Global Cheese, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

6. Global Yogurt, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

7. Global Milk, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

8. Global Others, Dairy Enzymes Market, By Region, 2019-2030 (USD Million) 

9. Global Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

10. Global Microbial Rennet, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

11. Global Chymosin, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

12. Global Lipase, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

13. Global Lipase, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

14. Global Lactase, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

15. Global Others, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

16. Global Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

17. Global Animal & Microorganism, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

18. Global Plant, Dairy Enzymes Market, By Region, 2019-2030 (USD Million)

19. North America Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

20. North America Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

21. North America Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

22. U.S. Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

23. U.S. Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

24. U.S. Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

25. Canada Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

26. Canada Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

27. Canada Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

28. Mexico Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

29. Mexico Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

30. Mexico Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

31. Europe Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

32. Europe Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

33. Europe Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

34. Germany Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

35. Germany Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

36. Germany Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

37. France Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

38. France Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

39. France Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

40. U.K. Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

41. U.K. Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

42. U.K. Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

43. Italy Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

44. Italy Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

45. Italy Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

46. Spain Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

47. Spain Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

48. Spain Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

49. Asia Pacific Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

50. Asia Pacific Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

51. Asia Pacific Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

52. Japan Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

53. Japan Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

54. Japan Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

55. China Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

56. China Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

57. China Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

58. India Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

59. India Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

60. India Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

61. South America Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

62. South America Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

63. South America Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

64. Brazil Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

65. Brazil Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

66. Brazil Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

67. Middle East and Africa Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

68. Middle East and Africa Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

69. Middle East and Africa Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

70. UAE Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

71. UAE Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

72. UAE Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

73. South Africa Dairy Enzymes Market, By Application, 2019-2030 (USD Million)

74. South Africa Dairy Enzymes Market, By Product Type, 2019-2030 (USD Million)

75. South Africa Dairy Enzymes Market, By Source, 2019-2030 (USD Million)

List of Figures 

1. Global Dairy Enzymes Market Segmentation

2. Global Dairy Enzymes Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top- Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Dairy Enzymes Market Attractiveness Analysis By Application

9. Global Dairy Enzymes Market Attractiveness Analysis By Product Type 

10. Global Dairy Enzymes Market Attractiveness Analysis By Source

11. Global Dairy Enzymes Market Attractiveness Analysis By Region

12. Global Dairy Enzymes Market: Dynamics

13. Global Dairy Enzymes Market Share By Application (2022 & 2030)

14. Global Dairy Enzymes Market Share By Product Type (2022 & 2030)

15. Global Dairy Enzymes Market Share By Source (2022 & 2030)

16. Global Dairy Enzymes Market Share By Regions (2022 & 2030)

17. Global Dairy Enzymes Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global dairy enzymes based on below mentioned segments:

Global Dairy Enzymes Market by Application:   

  • Ice Cream and Desserts
  • Infant Formula
  • Whey
  • Cheese
  • Yogurt
  • Milk
  • Others

Global Dairy Enzymes Market by Product Type:

  • Microbial Rennet
  • Chymosin
  • Lipase
  • Lactase
  • Others

Global Dairy Enzymes Market by Source:

  • Animal & Microorganism
  • Plant

Global Dairy Enzymes by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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