A recently published report by Fact.MR reveals that the global dairy enzymes market is projected to grow at a CAGR of 8% during the forecast period 2021-2031, surpassing nearly US$ 1.5 Bn in value terms. The market continues to be influenced by ever-evolving consumer preferences and tectonic shifts in the prevailing status quo.
According to Fact.MR’s report, the industry experienced strong growth across the 2016-2020 historical period, clocking a CAGR worth 7% and surpassed US$ 650 Mn. As of 2021, it is expected to be valued at nearly 700 Mn. Prospects have further widened during the pandemic crisis, as demand for ready-to-eat dairy products experienced a tremendous incline throughout 2020.
Sustained demand from cheese and yogurt manufactures, coupled with the ubiquitous ‘digestive health’ trend promises a slew of opportunities, according to a new study. Demand has received a fillip as its application scope – which was once limited to enhancement and quality enrichment – now includes the fledgling infant formula landscape. Fact.MR anticipates that the global dairy enzymes market to surpass 270,000 tons in 2026, reaching US$ 1 Bn.
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Dairy Enzymes Market – Scope of Report:
A latest publication by Fact.MR on the global Dairy Enzymes market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.
Important indicators for the successful growth of the Dairy Enzymes market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.
This research study can support readers to know the demand for Dairy Enzymes supplements, and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.
Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of Dairy Enzymesand compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.
Market leaders in Dairy Enzymessuch as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Dairy Enzymesthrough novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.
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Report benefits & key questions answered
- Post covid consumer spending on Dairy Enzymes: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Dairy Enzymes demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for Dairy Enzymes will grow through 2029.
- Dairy Enzymes historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
- Dairy Enzymes consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
Dairy Enzymes Market Segmentations:
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Product Type
- Carbohydrate Dairy Enzymes
- Protease Dairy Enzymes
- Polymerase & Nuclease Dairy Enzymes
- Lipase Dairy Enzymes
- Phytase Dairy Enzymes
- Other Dairy Enzymes
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Source
- Plant-based Dairy Enzymes
- Animals & Micro-organisms-based Dairy Enzymes
-
Application
- Dairy Enzymes for Milk
- Dairy Enzymes for Cheese
- Dairy Enzymes for Ice Creams & Desserts
- Dairy Enzymes for Yogurt
- Dairy Enzymes for Whey
- Dairy Enzymes for Infant formula
- Dairy Enzymes for Other Applications
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