Rennet Market, By Type (Animal-Derived Rennet, Microbial Rennet, FPC-Fermentation Produced Chymosin Rennet, Vegetable Rennet), By Form (Liquid, Powder, Paste), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Sha

Rennet Market, By Type (Animal-Derived Rennet, Microbial Rennet, FPC-Fermentation Produced Chymosin Rennet, Vegetable Rennet), By Form (Liquid, Powder, Paste), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Rennet is a collection of enzymes produced by ruminant mammals in their stomachs. Its key component is chymosin, a protease enzyme that helps curdle casein in milk. Other enzymes are present in rennet as well. The term rennet refers to an enzymatic extract extracted from the stomachs of young ruminants. Young ruminants produce enzymes to help break down milk in order to maximize the nutrition in it. They use these enzymes to make food. In cheese-making, they activate coagulation. It is used in cheese-making. In addition to plant rennet, there are microbial rennets. These use molds as sources for enzymes similar to chymosin, but don't contain mold in the finished product. Other types of microbial rennet are made from animal stomach cells implanted in yeast cultures. They are genetically engineered to be useful in cheesemaking.

Market Dynamics:

Growing production of cheese is a prime factor driving growth of the rennet market. According to the United States Department of Agriculture, in the United States, more than 300 varieties of cheese are produced, largely from cow's milk. Total U.S. cheese production in 2020 was 13.25 billion pounds, up 2 percent from 2016. Moreover, increasing demand for plant-based cheese is another key factor fostering market growth. Growing focus of key players to improve taste and quality products is further projected to accelerate market growth.

Consumption of rennet is limited to high cheese producing regions such as Europe and North America. This limit the scope of rennet, thus hampering market growth.

Key features of the study:

• This report provides in-depth analysis of the global rennet market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global rennet market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Chr. Hansen Holding AS, AFFCO, International Flavors & Fragrances Inc., Intermak Inc., Punature Food Ingredient Co. Ltd, Walcovit Inc., Hebei Yoko Biotech Co. Ltd, Koninklijke DSM NV, MAYASAN Food Industries AS, Calza Clemente SRL, Iran Industrial Enzymes Company, and Sacco SRL
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global rennet market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rennet market

• Global Rennet Market, By Type:
• Animal-Derived Rennet
• Microbial Rennet
• FPC-Fermentation Produced Chymosin Rennet
• Vegetable Rennet
• Global Rennet Market, By Form:
• Liquid
• Powder
• Paste
• Global Rennet Market, By Geography:
• Asia-Pacific
• North America
• Europe
• Rest of the World