The Rennet Market has been witnessing steady growth during the 2023-2029 period. It is anticipated to grow at a CAGR of 9.33% throughout the period of assessment to reflect a market value of US$ 7.82 Bn by 2029 from a value of US$ 4.18 Bn in 2022. Rennet Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Rennet Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Rennet Market Overview:
Rennet is a proteolytic enzyme that has typically been extracted from the calf's stomach lining. Chymosin is the primary component of rennet. Rennet is used in the cheesemaking process to promote milk coagulation and to remove the whey from the early curding phase. Rennet is made by adding rennet from the calf's stomach lining to raw milk that has been heated to 32–37 °C for 40–60 minutes. The mixture is then allowed to ripen for 30 to 60 minutes. Following curd piecing and partial whey removal, the curd cubes are allowed to ripen in the whey. This is allowed to ripen until it forms a 2 m long slender block. Because of the increased consumption of cheese for its nutritious value, the worldwide rennet industry is experiencing a boom in growth. The rennet market is being boosted by the rise of the cow farming business for milk, which is used to make a variety of milk products.Rennet Market Dynamics:
Drivers:
The rennet industry is being boosted by rising cheese consumption due to its nutritional value around the world. Rennet is a digestive enzyme derived from the lining of a calf's intestines. The rennet obtained in this manner is used to coagulate milk in order to generate rennet. Rennet is high in protein and may be ingested by people of all ages. The worldwide rennet market will benefit due to this factor. Several auxiliary food companies are benefiting from the rise of the processed food industry. Cheese is a processed culinary ingredient that can be found in pizza, burgers, sandwiches, and wraps. Cheese-containing processed goods are frequently consumed due to their convenient quotient. Aside from that, cheese is given to children because of its high protein content. Cheese comes in a variety of shapes and sizes, making it easy to ingest. Rennet, like other varieties of games of chess, is available in convenient cubes and cylinders. These can be consumed as a snack and come in bite-sized packs. Rennet consumption as a snack and for meal preparation is boosting the rennet market significantly.Restraints:
The need for rennet is being hampered by issues such as the animal source of rennet. The demand for rennet is being harmed by the religious feelings of persons in communities who see the cow as sacrosanct. The rennet market is facing difficulties as a result of this.Product Launches:
Aspartic protease Chymostar, new milk coagulating preparation for dairy products, was launched by DuPont brand Danisco in June 2022. It will be used to make a variety of cheeses, including hard, semi-hard, soft, and mould-ripened varieties. It will also improve the taste of cheese by speeding up the maturation process.Rennet Market Segment Analysis:
On the basis of type, the market is segregated into Natural Rennet and Synthetic Rennet. The natural ones come from animals and plants, while the synthetic ones come from genetically engineered plants and microbiological sources. On the basis of source, the market is segregated into Animal and Microbial. The animal rennet market is an old and traditional one. The animal rennet market can be further classified based on whether the rennet is obtained from a calf or a lamb. Animal rennet is produced using rDNA from a plant or microbial source in the microbial rennet industry. In comparison to the previous two, it is brand new. The liquid form is extensively utilised in factories to produce vast quantities of cheese. They also have additional preservatives, which keep the cheese fresh for a longer period of time. During the projected period 2022-2029, the liquid form is expected to be the fastest expanding segment, with the greatest CAGR. On the basis of form, the market is segregated into Powder Tablet, Paste, Liquid and Granules Dried Calf’s gut. For sluggish processes, tablets, granules, and powder are employed. The liquid is used when a certain amount is needed to complete a task. In traditional procedures, the dried intestine is used.Rennet Market Regional Analysis:
North America is expected to rule the Rennet Market in 2021, with a portion of 40.11 per cent, followed by Asia-Pacific. This is due to a number of factors, including an increasing vegan population, sophisticated technology in cheese production in the United States, and the fact that Wisconsin and California are considered leaders in world cheese production. The rennet market in this region is growing due to rising per capita cheese consumption in the United States. Furthermore, manufacturers from outside the region are increasing their investments in order to establish themselves in this market, which is fueling the rennet market's rise. However, Asia-Pacific is expected to grow at the fastest CAGR between 2021 and 2026, owing to a number of factors that have resulted in a surge in demand for cheese products, such as increased urbanisation, quick adoption of western culture, and rising disposable income. Furthermore, with increased western consumption of cheeses like cheddar and mozzarella, as well as spreads in non-cheese foods Asian countries such as Japan, China, and India are also increasing their use of rennet in the manufacture of various types of cheese.Global Rennet Market Scope: Inquire before buying
Global Rennet Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 4.18 Bn. Forecast Period 2023 to 2029 CAGR: 9.33% Market Size in 2029: US $ 7.82 Bn. Segments Covered: by Source Animal Microbial by Type Natural Rennet Synthetic Rennet by Form Powder Tablet Paste Liquid Granules dried calf’s gut Rennet Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Rennet Market Key Players
1. MAYASAN Food Industries AS 2. Österreichische Laberzeugung Hundsbichler GmbH 3. Renco New Zealand 4. Chr. Hansen Holding A/S 5. DuPont 6. Clarion Casein Ltd 7. Fonterra Co-operative Group 8. WalcoRen 9. Mahaan Foods Ltd 10. Enzyme Supplies Limited 11. AlindaVelco S.A. 12. Vahgan EV. Tigra co Ltd 13. Iran Industrial Enzyme co 14. Bioactive Yeast Co., Ltd. 15. Yangzhou Chemical Co. Ltd 16. Scientific and Technological Bioresource Nucleus 17. Finest Kind 18. Sudershan Biotech LtdFrequently Asked Questions:
1. Which region has the largest share in Global Rennet Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Rennet Market? Ans: The Global Rennet Market is growing at a CAGR of 9.33% during forecasting period 2023-2029. 3. What is scope of the Global Rennet market report? Ans: Global Rennet Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Rennet market? Ans: The important key players in the Global Rennet Market are – MAYASAN Food Industries AS, Österreichische Laberzeugung Hundsbichler GmbH, Renco New Zealand, Chr. Hansen Holding A/S, DuPont, Clarion Casein Ltd, Fonterra Co-operative Group, WalcoRen, Mahaan Foods Ltd, Enzyme Supplies Limited, AlindaVelco S.A., Vahgan EV. Tigra co Ltd, Iran Industrial Enzyme co, Bioactive Yeast Co., Ltd., Yangzhou Chemical Co. Ltd, Scientific and Technological Bioresource Nucleus, Finest Kind, and Sudershan Biotech Ltd 5. What is the study period of this market? Ans: The Global Rennet Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Type 2.3.2. Primary Research 2.3.2.1. Data from Primary Type 2.3.2.2. Breakdown of Primary Type 3. Executive Summary: Rennet Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Rennet Market 3.4. Geographical Snapshot of the Rennet Market, By Manufacturer share 4. Rennet Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Type 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Rennet Market 5. Supply Side and Demand Side Indicators 6. Rennet Market Analysis and Forecast, 2022-2029 6.1. Rennet Market Size & Y-o-Y Growth Analysis. 7. Rennet Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Natural Rennet 7.1.2. Synthetic Rennet 7.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 7.2.1. Animal 7.2.2. Microbial 7.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 7.3.1. Powder 7.3.2. Tablet 7.3.3. Paste 7.3.4. Liquid 7.3.5. Granules dried calf’s gut. 8. Rennet Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. Asia Pacific Rennet Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Natural Rennet 9.1.2. Synthetic Rennet 9.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 9.2.1. Animal 9.2.2. Microbial 9.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 9.3.1. Powder 9.3.2. Tablet 9.3.3. Paste 9.3.4. Liquid 9.3.5. Granules dried calf’s gut. 10. North America Rennet Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Rennet Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 12. Canada Rennet Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 13. Mexico Rennet Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 14. Europe Rennet Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 15. Europe Rennet Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Rennet Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 17. France Rennet Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 18. Germany Rennet Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 19. Italy Rennet Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 20. Spain Rennet Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 21. Sweden Rennet Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 22. CIS Countries Rennet Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 23. Rest of Europe Rennet Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 24. Asia Pacific Rennet Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 25. Asia Pacific Rennet Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Rennet Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 27. India Rennet Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 28. Japan Rennet Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 29. South Korea Rennet Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 30. Australia Rennet Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 31. ASEAN Rennet Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 32. Rest of Asia Pacific Rennet Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 33. Middle East Africa Rennet Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 34. Middle East Africa Rennet Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Rennet Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 36. GCC Countries Rennet Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 37. Egypt Rennet Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 38. Nigeria Rennet Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 39. Rest of ME&A Rennet Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 40. South America Rennet Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 41. South America Rennet Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Rennet Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 43. Argentina Rennet Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 44. Rest of South America Rennet Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Source, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Form, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Rennet Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Herbs & Spices, Presence, Market Share, Fiber Type and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. MAYASAN Food Industries AS 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Österreichische Laberzeugung Hundsbichler GmbH 45.3.3. Renco New Zealand 45.3.4. Chr. Hansen Holding A/S 45.3.5. DuPont 45.3.6. Clarion Casein Ltd 45.3.7. Fonterra Co-operative Group 45.3.8. WalcoRen 45.3.9. Mahaan Foods Ltd 45.3.10. Enzyme Supplies Limited 45.3.11. AlindaVelco S.A. 45.3.12. Vahgan EV. Tigra co Ltd 45.3.13. Iran Industrial Enzyme co 45.3.14. Bioactive Yeast Co., Ltd. 45.3.15. Yangzhou Chemical Co. Ltd 45.3.16. Scientific and Technological Bioresource Nucleus 45.3.17. Finest Kind 45.3.18. Sudershan Biotech Ltd