[333 Pages Report] The global fermented chymosin market is expected to gather a revenue of nearly US$ 6.7 billion by 2032, up from US$ 4.6 billion in 2022. The market is said to register a CAGR of 3.5% during the forecast period of 2022 to 2032.
The sales of fermented chymosin are anticipated to soar owing to the increasing vegan population across the world. One of the key factors, such as a surge in demand for cheese because of its nutritional characteristics, is promoting the growth of the global fermented chymosin market.
| Report Attribute | Details |
|---|---|
| Fermented Chymosin Market Value (2022) | US$ 4.6 Billion |
| Fermented Chymosin Market Anticipated Forecast Value (2032) | US$ 6.7 Billion |
| Fermented Chymosin Market Projected Growth Rate (2022-2032) | 3.5% |
Chymosin, also termed rennin, is a proteolytic enzyme associated with pepsin which is synthesized by chief cells in the stomach of some animals. Fermented chymosin is an enzyme that coagulates and clots milk. This enzyme is majorly used for producing cheese across the world.
The global sales of fermented chymosin are on the surge as consumption of cheese is increasing each day; it is indeed a globally loved food product. Fermented chymosin is an outstanding coagulant that is produced by the process of fermentation.
Aspergillus niger and Saccharomyces (Kluyveromyces) lactis are the two micro-organisms that are generally used for producing fermented chymosin. Some manufacturers make fermented chymosin with the help of recombinant DNA technology. In this case, genes are needed for the producing the chymosin enzyme, which is inserted in the micro-organisms. This is further used to produce chymosin by fermentation technique.
There is more awareness about chymosin's nutritional properties, which will boost the global fermented chymosin market growth. Additionally, increased consumption of cheese in various products contributes to the growth of the market. The demand for fermented chymosin is said to grow due to market boosting factors such as an increase in per capita and development in living standards across the world.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
One of the key factors driving the global fermented chymosin market is the rising vegan population across the world. Globally, introduction of developed and enhanced methods of producing cost-efficient fermented chymosin, increasing food and beverage MNCs, and upsurge in fast-food chains is speeding up the sales of fermented chymosin and thereby contributing to a lucrative market growth.
According to a study by Vegetarian Times, nearly 7.3 million people which is 3.2% of adults in the United States follow a vegetarian-based diet. Out of these, around one million people do not eat or drink any animal products. This proves that the number of vegan populations is rising across the world. This increase in flexitarian and vegan population is anticipated to have a lucrative impact on the global fermented chymosin market.
The major concern for the cheese manufacturers is to enhance the taste, texture, whey value, and slice ability of cheese to meet the increasing demand of the consumers. This increasing need for cheese is anticipated serve as a market growing driver for fermented chymosin market.
Therefore, fermented chymosin functions as a well-suited coagulant as it improves the texture and enhances the taste of the cheese. Furthermore, among consumers there is more health awareness and therefore, manufacturers are trying to create fermented chymosin which assists in lowering the salt content of cheese. As an opportunity, the manufacturers of cheese can develop cheese with low salt content to attract more consumers who are health conscious.
Lastly, developing market for low-fat cheese and several improvements to better the quality and taste of the products deliver novel opportunities for growth to the manufacturers functioning in the global fermented chymosin market.
Region-wise, Asia Pacific is said to gain maximum demand for cheese, which is predicted to boost the sales of fermented chymosin in this region. Several factors contribute to the growth in this region, such as the influence of western culture, an increase in demand for fast food, increased disposable income, and a bigger youth population.
The Asia Pacific is also witnessing an increase in the vegan population. Therefore, ascending vegan population and increasing demand for cheese are predicted to generate an opportunity for the manufacturers of fermented chymosin to sustain themselves in this region.
North America and Europe, too, have a higher consumption of cheese; however, the altering preferences of the consumers are said to have a lucrative effect on the fermented chymosin market. In countries like the United Kingdom, there is a surge in cheese production complimented by higher consumption. For example, the UK Dairy trade association mentioned that in 2021, nearly 504 thousand metric tons of cheese were manufactured in the country.
The increasing cheese manufacturing industry uses technologically advanced process and new production methods; these combined is projected to increase the demand for fermented chymosin in countries such as France, Germany, Russia, and Italy from the Europe region.
Principal Consultant
Some if the key manufacturers of the fermented chymosin that identified across the value chain of Fermented Chymosin market are – Hansen A/S, Koninklijke DSM N.V., Maysa Gida, Mayasan AS, and Nelson-Jameson.
Acquisition and expansion are the key strategic methods followed by a few primary players to broaden their business and make a global footprint. Crucial market players are constantly depending on invention and expansion of products. Enormous investment in research and development has been experienced in the past few years and this has resulted in invention of several products developments in the market.
In September 2021, DSM, a global science-based company announced its strategic decision to completely aim its resources and abilities to focus the vital environmental and societal challenges related to the manner the global population produces and consumes food.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global fermented chymosin market is set to advance at a CAGR of 3.5% from 2022 to 2032.
Asia Pacific is likely to hold a major fermented chymosin market share during the forecast period.
Some of the key players in the global fermented chymosin market are Hansen A/S, Koninklijke DSM N.V., Maysa Gida, Mayasan AS, and Nelson-Jameson.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Form, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Form, 2022-2032 5.3.1. Liquid 5.3.2. Granules 5.4. Y-o-Y Growth Trend Analysis By Form, 2017-2021 5.5. Absolute $ Opportunity Analysis By Form, 2022-2032 6. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By End-use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End-use, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End-use, 2022-2032 6.3.1. Food Processing 6.3.2. Pharmaceutical Industry 6.3.3. Foodservice/HoReCa 6.3.4. Household 6.4. Y-o-Y Growth Trend Analysis By End-use, 2017-2021 6.5. Absolute $ Opportunity Analysis By End-use, 2022-2032 7. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Sales Channel, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Sales Channel, 2022-2032 7.3.1. Direct Sales 7.3.2. Indirect Sales 7.3.3. Hypermarkets/Supermarkets 7.3.4. Wholesalers 7.3.5. Specialty Stores 7.3.6. Online Retailers 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032 8. Global Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Form 9.2.3. By End-use 9.2.4. By Sales Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Form 9.3.3. By End-use 9.3.4. By Sales Channel 9.4. Key Takeaways 10. Latin America Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Form 10.2.3. By End-use 10.2.4. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Form 10.3.3. By End-use 10.3.4. By Sales Channel 10.4. Key Takeaways 11. Europe Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Form 11.2.3. By End-use 11.2.4. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Form 11.3.3. By End-use 11.3.4. By Sales Channel 11.4. Key Takeaways 12. East Asia Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Form 12.2.3. By End-use 12.2.4. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Form 12.3.3. By End-use 12.3.4. By Sales Channel 12.4. Key Takeaways 13. South Asia & Pacific Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Indonesia 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. New Zealand 13.2.1.8. Rest of South Asia & Pacific 13.2.2. By Form 13.2.3. By End-use 13.2.4. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Form 13.3.3. By End-use 13.3.4. By Sales Channel 13.4. Key Takeaways 14. MEA Fermented Chymosin Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Form 14.2.3. By End-use 14.2.4. By Sales Channel 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Form 14.3.3. By End-use 14.3.4. By Sales Channel 14.4. Key Takeaways 15. Key Countries Fermented Chymosin Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Form 15.1.2.2. By End-use 15.1.2.3. By Sales Channel 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Form 15.2.2.2. By End-use 15.2.2.3. By Sales Channel 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Form 15.3.2.2. By End-use 15.3.2.3. By Sales Channel 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Form 15.4.2.2. By End-use 15.4.2.3. By Sales Channel 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Form 15.5.2.2. By End-use 15.5.2.3. By Sales Channel 15.6. U.K. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Form 15.6.2.2. By End-use 15.6.2.3. By Sales Channel 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Form 15.7.2.2. By End-use 15.7.2.3. By Sales Channel 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Form 15.8.2.2. By End-use 15.8.2.3. By Sales Channel 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Form 15.9.2.2. By End-use 15.9.2.3. By Sales Channel 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Form 15.10.2.2. By End-use 15.10.2.3. By Sales Channel 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Form 15.11.2.2. By End-use 15.11.2.3. By Sales Channel 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Form 15.12.2.2. By End-use 15.12.2.3. By Sales Channel 15.13. India 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Form 15.13.2.2. By End-use 15.13.2.3. By Sales Channel 15.14. Thailand 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Form 15.14.2.2. By End-use 15.14.2.3. By Sales Channel 15.15. Indonesia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Form 15.15.2.2. By End-use 15.15.2.3. By Sales Channel 15.16. Malaysia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Form 15.16.2.2. By End-use 15.16.2.3. By Sales Channel 15.17. Singapore 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Form 15.17.2.2. By End-use 15.17.2.3. By Sales Channel 15.18. Australia 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Form 15.18.2.2. By End-use 15.18.2.3. By Sales Channel 15.19. New Zealand 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Form 15.19.2.2. By End-use 15.19.2.3. By Sales Channel 15.20. GCC Countries 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Form 15.20.2.2. By End-use 15.20.2.3. By Sales Channel 15.21. South Africa 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By Form 15.21.2.2. By End-use 15.21.2.3. By Sales Channel 15.22. Israel 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2021 15.22.2.1. By Form 15.22.2.2. By End-use 15.22.2.3. By Sales Channel 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Form 16.3.3. By End-use 16.3.4. By Sales Channel 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Hansen A/S 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Koninklijke DSM N.V. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Maysa Gida 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Mayasan AS 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Nelson-Jameson 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Fermented Chymosin Market
