Rennet Market Definition
Rennet is a complex of enzymes produced in the stomachs of ruminant mammals, which is used as a coagulant in the production of various food products. It is also called as coagulants, and it contains enzymes such as chymosin, pepsin, and lipase. The main constituent of the rennet is chymosin. Rennet is specially been used to produce milk coagulation and to separate the whey from initial curding process during the production of cheese.
The market study is broken down by Type (Animal Derived Rennet, Microbial Rennet, FPC-Fermentation Produced Chymosin Rennet and Vegetable Rennet), by Application (Food & Beverage, Pharmaceutical, Industrial, Chemical and Others) and major geographies with country level splits.
Enzyme Supplies Limited (United Kingdom), AlindaVelco S.A. (Greece), Chr. Hansen (Denmark), Clarion Casein Ltd. (India), WalcoRen (Canada), Osterreichische Laberzeugung Hundsbichler GmbH (Auistria), Renco New Zealand (New Zealand), Mahaan Foods Limited (India), Danisco Dupont (Denmark) and Fonterra (New Zealand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Iran Industrial Enzyme Co., Yangzhou Chemical Co. Ltd., Vahgan EV. Tigra Co. Ltd. and Bioactive Yeast Co. Ltd..
AdvanceMarketAnalytics has segmented the market of Global Rennet market by Type, Application and Region.
On the basis of geography, the market of Rennet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Rennet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- There is an increasing consumption of cheese because of its nutritional value which is providing a stimulus to the rennet market. Rennet is an enzyme that is basically sourced from the lining of the gut of a calf. The rennet thus sourced is used to coagulate milk to produce rennet. Rennet is rich in protein and is suitable to be consumed by all age groups. This provides tailwinds to the global rennet market.
- Increasing consumption of milk based products and advancement in technology
- Rising vegan population in many regions
- Efforts from food manufacturers to develop plant-based version of rennet
- Animal source of rennet providing headwinds to the rennet market
- Availability of alternative coagulants
Key Target AudienceRennet producers/processors, Commercial research and development institution, Government and research organization, Livestock owners and agricultural association and Traders, exporters and importers
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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