Global Enzyme Modified Dairy and Cheese Ingredients Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Enzyme Modified Dairy and Cheese Ingredients Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Enzyme Modified Dairy and Cheese Ingredients are specially extracted through an enzymatic process in which milk proteins and lipids are incubated under controlled conditions with the help of enzymes. Enzyme Modified Dairy and Cheese Ingredients help improve and enhance the overall flavor and aroma of ingredients, resulting in richer and better foods in application.

Market Overview:

The latest research study on the global Enzyme Modified Dairy and Cheese Ingredients market finds that the global Enzyme Modified Dairy and Cheese Ingredients market reached a value of USD 896.87 million in 2023. It’s expected that the market will achieve USD 1320.32 million by 2029, exhibiting a CAGR of 6.66% during the forecast period.

On the production side, for the Enzyme Modified Dairy and Cheese Ingredients industry, the outbreak has had an impact on the production plans of companies in the Enzyme Modified Dairy and Cheese Ingredients industry. Due to the outbreak of COVID-19, the supply of raw materials has been affected, for example, the production and transportation of raw materials such as cheese, butter, etc., have been affected due to traffic disruptions. This could lead to disruptions in the supply of raw materials to the Enzyme Modified Dairy and Cheese Ingredients manufacturing industry, affecting the company's production plans. On the other hand, affected by the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and also affected the company's production plan.

Drivers

Benefits of Enzyme Modified Dairy and Cheese Ingredients

Enzyme Modified Dairy and Cheese Ingredients are natural flavouring preparations extracted by an enzymatic process from dairy ingredients such as cheese, butter, cream at controlled temperature and time. They have a natural and very strong aromatic structure. For example, enzyme-modified cheese is made by treating cheese or cheese curds with enzymes such as protease, lipase, and esterase. EMCs are used in paste or dry form and added to foods in doses of about 1-2% or up to 5% to provide a cheesy flavor. In general, currently, Enzyme Modified Dairy and Cheese Ingredients are widely used in dairy products, soups, snacks and baked goods. Second, Enzyme Modified Dairy and Cheese Ingredients have a long shelf life, which informs short manufacturing times and high production efficiency. According to relevant data, it may take 1-2 years to make traditional cheese flavors, while EMC (enzyme-made cheese) can be prepared in nearly 3 days. In general, as a concentrated natural flavor ingredient, Enzyme Modified Dairy and Cheese Ingredients are more and more widely used due to their advantages of high aroma intensity, stable properties and low production cost. Overall, the benefits of Enzyme Modified Dairy and Cheese Ingredients are important factors driving the industry.

Restraints and Challenges

Availability and price volatility of raw materials

The main raw materials of the company's products are cheese, cream, butter and other dairy products. Enzyme Modified Dairy and Cheese Ingredients products are produced from dairy products such as cheese, cream, butter, etc. through an enzymatic process. The cost of raw materials such as cheese, cream and butter accounts for a relatively high proportion of the cost of the main business. Therefore, the supply of main raw materials and the risk of price fluctuations will have a significant adverse impact on the company's continued profitability. The industry characteristics of Enzyme Modified Dairy and Cheese Ingredients manufacturers make them reliant on key suppliers for raw material sourcing. Adverse changes in the company's partnership with these key suppliers, or adverse changes in the operations and financial conditions of key suppliers, may result in the company's inability to procure regular quantities in a timely and sufficient manner. At the same time, raw material and price fluctuations also have an impact on a company's production costs. If the price of raw materials increases, it will cause the production cost of Enzyme Modified Dairy and Cheese Ingredients to rise, reducing the profit margin of the product. The company's production and operation plan will be adjusted. All in all, price volatility of raw materials is one of the risks faced by companies in the industry.

Region Overview:

In 2022, the share of the Enzyme Modified Dairy and Cheese Ingredients market in Europe stood at 39.05%.

Company Overview:

Kerry is a provider of taste and nutritional solutions. The company's products serve the world's most recognized food, beverage and pharmaceutical brands. Taste Ingredients solutions offered by the company include Savoury Flavours & Extracts, Smoke & Grill, Sweet Flavours & Extracts, Taste Modulation.

First Choice Ingredients is headquartered in Germantown, Wisconsin, the center of the Dairy State. The company's main goal is to produce superior dairy-flavored products through a truly proprietary process, ensuring that the end product is differentiated. From fermentation to cultivating technology, the company's employees have decades of experience and a consistently positive attitude.

Kerry is one of the major players operating in the Enzyme Modified Dairy and Cheese Ingredients market, holding a share of 10.61% in 2023.

Segmentation Overview:

As for product types, the Enzyme Modified Cheese segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Bakery Products, with a market share of XX% in 2022.

Key Companies in the global Enzyme Modified Dairy and Cheese Ingredients market covered in Chapter 3:

Aarkay Food Products
Aromsa
Lekkerkerker Food (KASI FOOD)
Symrise
Flavorjen
Kerry
DairyChem
First Choice Ingredients
Maysa Gida
Jeneil Biotech Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Enzyme Modified Dairy and Cheese Ingredients market from 2019 to 2030 is primarily split into:

Enzyme Modified Cheese
Enzyme Modified Butter
Enzyme Modified Cream
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Enzyme Modified Dairy and Cheese Ingredients market from 2019 to 2030 covers:

Bakery Products
Dairy Products
Snacks Ingredients
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)