Dairy Enzymes Market size, By Product [Lipases, Carbohydrases (Amylase, Lactase, and Others), Proteases, Esterase, Catalase, Transglutaminase, and Other], By Application [Milk, Cheese, Butter, Yogurt, Whey Protein, Desserts and Ice cream, Infant Formula,

Dairy Enzymes Market size, By Product [Lipases, Carbohydrases (Amylase, Lactase, and Others), Proteases, Esterase, Catalase, Transglutaminase, and Other], By Application [Milk, Cheese, Butter, Yogurt, Whey Protein, Desserts and Ice cream, Infant Formula, and Other Applications], Industry Analysis, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2022 - 2030

The dairy enzymes market is set to register substantial gains through 2030 as a result of increasing dairy consumption. In addition, changing lifestyle choices, along with rising uptake in varied food & beverage items, are likely to further boost market growth over the forecast period.

The COVID-19 outbreak facilitated new opportunities for the industry as demand for dairy products escalated due to rising awareness among consumers pertaining to their beneficial properties, mainly the reduced risk of getting infected, which fueled product penetration. Furthermore, burgeoning health consciousness of consumers boosted market expansion. Recently, key industry participants have been focusing on improving their product portfolios and engaging in strategic alliances to enhance their business standing, thereby positively influencing the overall dairy enzymes market.

For instance, in October 2021, Specialty Enzymes & Probiotics, a biotechnological company, announced that its ImmunoSEB and ProbioSEB CSC3 was included in the fact sheet for health professionals, ‘Dietary Supplements in the time of COVID-19’, by the National Institute of Health (NIH) Office of Dietary Supplements. This opportunity strengthened the company’s position during the pandemic.

To cite another instance, in June 2022, Enzyme Innovation, a manufacturer of food and fabric enzymes, announced a partnership agreement with Sumitomo Chemical America, choosing Sumitomo as the sales agent for its animal feed enzymes and probiotics in the U.S. This was intended to aid the company in extending its consumer reach in the nation.

The dairy enzymes market has been bifurcated in terms of product, application, and regions covered. With reference to product, the industry has been classified into lipases, proteases, carbohydrases (lactase, amylase, others), catalase, esterase, transglutaminase, and others.

The transglutaminase segment was valued at more than $5.5 million in 2021 and is expected to exceed $8.5 million by the end of the projected timeline. Transglutaminase has certain cross-linking properties that have augmented its use in varied processes, such as manufacturing cheese as well as other dairy products, producing edible films, meat processing, and making bakery products, which is foreseen to fuel segmental growth.

The dairy enzymes market has been divided based on application into milk, cheese, butter, yogurt, whey protein, desserts and ice cream, infant formula, and other applications. The dessert and ice cream segment is primed to be worth over $70 million by 2030. The segmental progress can be attributed to the increasing demand for lactose-free ice creams and desserts. Dairy enzymes like lactase are used to manufacture lactose-free or lactose-reduced ice creams by hydrolyzing the disaccharide lactose into its component monosaccharides – galactose and glucose.

In the regional context, the Middle East & Africa dairy enzymes market is set to witness robust growth at approximately 6.0% CAGR between 2022 and 2030. High product demand and surging focus on product innovation have encouraged more players to enter the dairy enzymes industry in the MEA region. Additionally, increasing consumption of food & beverages will promote the use of dairy enzymes in the manufacturing and processing of these items, which is slated to propel market growth in the coming years.