#Dairy #Enzymes #Market #Reach #USD #Million
Newark, Sept. 28, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, 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.
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The increased consumption of dairy products associated with healthy eating is anticipated to expand the demand for dairy enzymes during the projection period. Moreover, the increasing demand for low-lactose & lactose-free dairy products, the changing lifestyles and food consumption, and the environmental advantages associated with enzymes are also helping to propel market growth. However, the controlled operating conditions, associated dairy allergy, and strict & critical guidelines to handle enzyme production and usage restrain the market growth. Furthermore, the emerging applications of dairy by-products are opportunities for market growth.
Competitive Strategy
To enhance their market position in the global dairy enzymes market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
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Scope of the Report
| Report Attributes | Details |
| Market Size in 2021 | USD 695.46 million |
| Revenue Forecast by 2030 | USD 1321.13 million |
| CAGR | 7.39% from 2022 to 2030 |
| North America Market Share | 45.38% in 2021 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2030 |
| Key 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… |
Read on GNW: Dairy Enzymes Market to Reach USD 1321.13 Million by 2030;
