Rennet Market Research Report - Forecast till 2023

Global Rennet Market Research Report: Information by Source (Animal and Microbial), Form (Powder, Liquid, and Others), Application (Cheese, Yogurt, Dessert, and Others), and Region (North America, Europe, Asia-Pacific, and RoW) — Forecast till 2023

ID: MRFR/F-B & N/5538-HCR | February 2021 | Region: Global | 90 pages

Market Scenario:

Increasing consumption of milk-based products and advancements in food technology are expected to drive the global rennet market during the forecast period. Rennet is majorly found in the gut of calves and other ruminant mammals. Global market for rennet is growing due to its major application in the production of cheese where rennet helps in the coagulation of casein and trapping fat globules to give the formed structure to cheese.

Global usage of rennet by food manufacturers is highly driven by the consumption of cheese across the globe. Cheese is one of the most widely consumed dairy products since it is an excellent dietary source of high-quality protein, vitamins and minerals such as absorbable dietary calcium along with its disctinctive taste. High consumption of cheese in culinary including bakery and snacks is expected to further propel the growth of rennet during the forecast period.

Segmentation:

The global rennet market has been segmented based on source, form, application, and region.

The global rennet market has been classified, based on source, as animal and microbial.

On the basis of form, the market has been divided into powder, liquid, and others.

The global rennet market has been segmented, on the basis of application, into cheese, yogurt, dessert, and others.

The global rennet market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American rennet market has further been segmented into the US, Canada, and Mexico.

The European rennet market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.

The rennet market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The rennet market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players:

Österreichische Laberzeugung Hundsbichler GmbH (Austria), Renco New Zealand (New Zealand), Chr. Hansen Holding A/S (Denmark), DuPont (Denmark), Clarion Casein Ltd (Gujarat), Fonterra Co-operative Group (New Zealand), WalcoRen (Canada), Mahaan Foods Ltd (India), Enzyme Supplies Limited (UK), and AlindaVelco S.A. (Greece) are some of the key players in the global rennet market.

Regional Market Summary

Global Rennet Market Share (%), by Region, 2017

Rennet Market

Source: Secondary Sources and MRFR Analysis

Globally, Europe is expected to dominate the rennet market due to the high consumption of cheese across the region. Wide use of rennet driven by high production of cheese in countries such as Norway, Italy, France, Finland, and Switzerland are expected to boost the regional rennet market during the forecast period. Healthy dairy based snacking, high inclination for health and wellness, and health benefits of cheese consumption are further driving the regional demand for rennet among food manufacturers.

The rennet market in Asia-Pacific is projected to record the highest CAGR during the review period due to the growing consumption of cheese in various cross-cultural food preparations such as pizza and pasta. Changing eating preference and growing dairy business in growing nations of the region such as India and China are expected to boost the growth of the regional rennet market during the forecast period.

Global Rennet Market, by Source



  • Animal

  • Microbial



Global Rennet Market, by Form



  • Powder

  • Liquid

  • Others



Global Rennet Market, by Application



  • Cheese

  • Yogurt

  • Dessert

  • Others


Global Rennet Market, by Region

North America



  • US

  • Canada

  • Mexico



Europe



  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe



Asia-Pacific



  • Japan

  • China

  • India

  • Australia and New Zealand

  • Rest of Asia-Pacific



Rest of the World (RoW)



  • South America

  • Middle East

  • Africa



Intended Audience



  • Rennet producers/processors



  • Commercial research and development institutions



  • Government and research organizations



  • Livestock owners and agricultural associations



  • Traders, exporters, and importers




Frequently Asked Questions (FAQ) :


Rennet market is driven by the heavy consumption of dairy products.

Europe is bound to display a robust growth rate in the global rennet market by 2023 owing to the large consumption of cheese.

Cheese can contribute the maximum to the global rennet market revenue by 2023.

The APAC rennet market can thrive during the forecast period due to consumption of cheese present on pizzas.

Clarion Casein Ltd, Österreichische Laberzeugung Hundsbichler GmbH, Renco New Zealand, WalcoRen, DuPont, Enzyme Supplies Limited, AlindaVelco S., Fonterra Co-operative Group, Mahaan Foods Ltd, and Chr. Hansen Holding A/S are major players of the global vegetable oil market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Function

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Internal Rivalry

5 Market Dynamics of Global Rennet Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Rennet Market, by Source

6.1 Introduction

6.2 Animal

6.2.1 Market Estimates & Forecast, 2018–2023

6.2.2 Market Estimates & Forecast, by Region, 2018–2023

6.3 Microbial

6.3.1 Market Estimates & Forecast, 2018–2023

6.3.2 Market Estimates & Forecast, by Region, 2018–2023

7. Global Rennet Market, by Form

7.1 Introduction

7.2 Powder

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast, by Region, 2018–2023

7.3 Liquid

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast, by Region, 2018–2023

7.4 Others

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast, by Region, 2018–2023

8. Global Rennet Market, by Application

8.1 Introduction

8.2 Cheese

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast, by Region, 2018–2023

8.3 Yogurt

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast, by Region, 2018–2023

8.2.4 Dessert

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast, by Region, 2018–2023

8.2.5 Others

8.5.1 Market Estimates & Forecast, 2018–2023

8 .5.2 Market Estimates & Forecast, by Region, 2018–2023

9. Global Rennet Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.3 Market Estimates & Forecast, by Form, 2018–2023

9.2.4 Market Estimates & Forecast, by Application, 2018–2023

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2018–2023

9.2.5.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.5.3 Market Estimates & Forecast, by Form, 2018–2023

9.2.5.4 Market Estimates & Forecast, by Application, 2018–2023

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2018–2023

9.2.6.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.6.3 Market Estimates & Forecast, by Form, 2018–2023

9.2.6.4 Market Estimates & Forecast, by Application, 2018–2023

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, 2018–2023

9.2.7.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.7.3 Market Estimates & Forecast, by Form, 2018–2023

9.2.7.4 Market Estimates & Forecast, by Application, 2018–2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.4 Market Estimates & Forecast, by Application, 2018–2023

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2018–2023

9.3.5.2 Market Estimates & Forecast, by Source, 2018–2023

9.2.5.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.5.4 Market Estimates & Forecast, by Application, 2018–2023

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2018–2023

9.3.6.2 Market Estimates & Forecast, by Source, 2018–2023

9.3.6.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.6.4 Market Estimates & Forecast, by Application, 2018–2023

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2018–2023

9.3.7.2 Market Estimates & Forecast, by Source, 2018–2023

9.3.7.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.7.4 Market Estimates & Forecast, by Application, 2018–2023

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2018–2023

9.3.8.2 Market Estimates & Forecast, by Source, 2018–2023

9.3.8.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.8.4 Market Estimates & Forecast, by Application, 2018–2023 9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2018–2023

9.3.9.2 Market Estimates & Forecast, by Source, 2018–2023

9.3.9.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.9.4 Market Estimates & Forecast, by Application, 2018–2023

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2018–2023

9.3.10.2 Market Estimates & Forecast, by Source, 2018–2023

9.3.10.3 Market Estimates & Forecast, by Form, 2018–2023

9.3.10.4 Market Estimates & Forecast, by Application, 2018–2023

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2018–2023

9.4.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.3 Market Estimates & Forecast, by Form, 2018–2023

9.4.4 Market Estimates & Forecast, by Application, 2018–2023

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2018–2023

9.4.5.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.5.3 Market Estimates & Forecast, by Form, 2018–2023

9.4.5.4 Market Estimates & Forecast, by Application, 2018–2023

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2018–2023

9.4.6.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.6.3 Market Estimates & Forecast, by Form, 2018–2023

9.4.6.4 Market Estimates & Forecast, by Application, 2018–2023

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2018–2023

9.4.7.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.7.3 Market Estimates & Forecast, by Form, 2018–2023

9.4.7.3 Market Estimates & Forecast, by Application, 2018–2023

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2018–2023

9.4.8.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.8.4 Market Estimates & Forecast, by Form, 2018–2023

9.4.8.3 Market Estimates & Forecast, by Application, 2018–2023

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2018–2023

9.4.9.2 Market Estimates & Forecast, by Source, 2018–2023

9.4.9.3 Market Estimates & Forecast, by Form, 2018–2023

9.4.9.4 Market Estimates & Forecast, by Application, 2018–2023

9.5 Rest of the World (RoW)

9.5.1 Market Estimates & Forecast, 2018–2023

9.5.2 Market Estimates & Forecast, by Source, 2018–2023

9.5.3 Market Estimates & Forecast, by Form, 2018–2023

9.5.4 Market Estimates & Forecast, by Application, 2018–2023

9.5.5 South America

9.5.5.1 Market Estimates & Forecast, 2018–2023

9.5.5.2 Market Estimates & Forecast, by Source, 2018–2023

9.5.5.3 Market Estimates & Forecast, by Form, 2018–2023

9.5.5.4 Market Estimates & Forecast, by Application, 2018–2023

9.5.6 Middle East

9.5.6.1 Market Estimates & Forecast, 2018–2023

9.5.6.2 Market Estimates & Forecast, by Source, 2018–2023

9.5.6.3 Market Estimates & Forecast, by Form, 2018–2023

9.5.6.4 Market Estimates & Forecast, by Application, 2018–2023

9.5.7 Africa

9.5.7.1 Market Estimates & Forecast, 2018–2023

9.5.7.2 Market Estimates & Forecast, by Source, 2018–2023

9.5.7.3 Market Estimates & Forecast, by Form, 2018–2023

9.5.7.4 Market Estimates & Forecast, by Application, 2018–2023

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis

(Expansions/ Mergers and Acquisitions/ Joint Ventures/ New Product Developments/ Agreements/ Investments

11. Company Profiles

11.1 Österreichische Laberzeugung Hundsbichler GmbH

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Renco New Zealand

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Chr. Hansen Holding A/S

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 DuPont

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Clarion Casein Ltd

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Fonterra Co-operative Group

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 WalcoRen

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 Mahaan Foods Ltd

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Enzyme Supplies Limited

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 AlindaVelco S.A.

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

12. Conclusion

LIST OF TABLES
Table 1 Global Rennet Market, by Region, 2018–2023 (USD Million)

Table 2 Global Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 3 Global Rennet Market, by Form, 2018–2023 (USD Million)

Table 4 Global Rennet Market, by Application, 2018–2023 (USD Million)

Table 5 North America: Rennet Market, by Country, 2018–2023 (USD Million)

Table 6 North America: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 7 North America: Rennet Market, by Form, 2018–2023 (USD Million)

Table 8 North America: Rennet Market, by Application, 2018–2023 (USD Million)

Table 9 US: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 10 US: Rennet Market, by Form, 2018–2023 (USD Million)

Table 11 US: Rennet Market, by Application, 2018–2023 (USD Million)

Table 12 Canada: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 13 Canada: Rennet Market, by Form, 2018–2023 (USD Million)

Table 14 Canada: Rennet Market, by Application, 2018–2023 (USD Million)

Table 15 Mexico: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 16 Mexico: Rennet Market, by Form, 2018–2023 (USD Million)

Table 17 Mexico: Rennet Market, by Application, 2018–2023 (USD Million)

Table 18 Europe: Rennet Market, by Country, 2018–2023 (USD Million)

Table 19 Europe: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 20 Europe: Rennet Market, by Form, 2018–2023 (USD Million)

Table 21 Europe: Rennet Market, by Application, 2018–2023 (USD Million)

Table 22 Germany: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 23 Germany: Rennet Market, by Form, 2018–2023 (USD Million)

Table 24 Germany: Rennet Market, by Application, 2018–2023 (USD Million)

Table 25 France: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 26 France: Rennet Market, by Form, 2018–2023 (USD Million)

Table 27 France: Rennet Market, by Application, 2018–2023 (USD Million)

Table 28 Italy: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 29 Italy: Rennet Market, by Form, 2018–2023 (USD Million)

Table 30 Italy: Rennet Market, by Application, 2018–2023 (USD Million)

Table 31 Spain: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 32 Spain: Rennet Market, by Form, 2018–2023 (USD Million)

Table 33 Spain: Rennet Market, by Application, 2018–2023 (USD Million)

Table 34 UK: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 35 UK: Rennet Market, by Form, 2018–2023 (USD Million)

Table 36 UK: Rennet Market, by Application, 2018–2023 (USD Million)

Table 37 Rest of Europe: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 38 Rest of Europe: Rennet Market, by Form, 2018–2023 (USD Million)

Table 39 Rest of Europe: Rennet Market, by Application, 2018–2023 (USD Million)

Table 40 Asia-Pacific: Rennet Market, by Country, 2018–2023 (USD Million)

Table 41 Asia-Pacific: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 42 Asia-Pacific: Rennet Market, by Form, 2018–2023 (USD Million)

Table 43 Asia-Pacific: Rennet Market, by Application, 2018–2023 (USD Million)

Table 44 China: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 45 China: Rennet Market, by Form, 2018–2023 (USD Million)

Table 46 China: Rennet Market, by Application, 2018–2023 (USD Million)

Table 47 India: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 48 India: Rennet Market, by Form, 2018–2023 (USD Million)

Table 49 India: Rennet Market, by Application, 2018–2023 (USD Million)

Table 50 Japan: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 51 Japan: Rennet Market, by Form, 2018–2023 (USD Million)

Table 52 Japan: Rennet Market, by Application, 2018–2023 (USD Million)

Table 53 Australia & New Zealand: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 54 Australia & New Zealand: Rennet Market, by Form, 2018–2023 (USD Million)

Table 55 Australia & New Zealand: Rennet Market, by Application, 2018–2023 (USD Million)

Table 56 Rest of Asia-Pacific: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 57 Rest of Asia-Pacific: Rennet Market, by Form, 2018–2023 (USD Million)

Table 58 Rest of Asia-Pacific: Rennet Market, by Application, 2018–2023 (USD Million)

Table 59 Rest of the World (RoW): Rennet Market, by Country, 2018–2023 (USD Million)

Table 60 Rest of the World (RoW): Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 61 Rest of the World (RoW): Rennet Market, by Form, 2018–2023 (USD Million)

Table 62 Rest of the World (RoW): Rennet Market, by Application, 2018–2023 (USD Million)

Table 63 South America: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 64 South America: Rennet Market, by Form, 2018–2023 (USD Million)

Table 65 South America: Rennet Market, by Application, 2018–2023 (USD Million)

Table 66 Middle East: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 67 Middle East: Rennet Market, by Form, 2018–2023 (USD Million)

Table 68 Middle East: Rennet Market, by Application, 2018–2023 (USD Million)

Table 69 Africa: Rennet Market, by Product Source, 2018–2023 (USD Million)

Table 70 Africa: Rennet Market, by Form, 2018–2023 (USD Million)

Table 71 Africa: Rennet Market, by Application, 2018–2023 (USD Million)

LIST OF FIGURES
FIGURE 1 Global Rennet Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Rennet Market

FIGURE 4 Value Chain of Global Rennet Market

FIGURE 5 Share of Global Rennet Market in 2018, by Country (%)

FIGURE 6 Global Rennet Market, 2018–2023

FIGURE 7 Global Rennet Market Size by Product Source, 2018

FIGURE 8 Share of Global Rennet Market, by Product Source, 2018–2023

FIGURE 9 Global Rennet Market Size by Form, 2018

FIGURE 10 Share of Global Rennet Market, by Form, 2018–2023

FIGURE 11 Global Rennet Market Size, by Application, 2018

FIGURE 12 Share of Global Rennet Market, by Application, 2018–2023