The global market for Rennet was valued at an estimated US$698.5 Million in 2023 and is projected to reach US$897.7 Million by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the rennet market is driven by several factors. Increasing consumer demand for vegetarian and vegan food products has spurred the development and adoption of microbial and plant-based rennet. Advances in biotechnology have enabled the efficient production of genetically engineered rennet, ensuring a stable supply that meets the needs of large-scale cheese manufacturers. Additionally, the growing cheese consumption globally, driven by the rising popularity of western diets and culinary practices in emerging markets, has boosted the demand for all types of rennet.
Environmental and ethical considerations are also playing a significant role, with consumers and producers alike seeking sustainable and humane alternatives to traditional animal rennet. The expansion of specialty and artisanal cheese markets further drives the demand for diverse rennet sources, as cheesemakers experiment with different types to achieve unique textures and flavors.
The growth in the rennet market is driven by several factors. Increasing consumer demand for vegetarian and vegan food products has spurred the development and adoption of microbial and plant-based rennet. Advances in biotechnology have enabled the efficient production of genetically engineered rennet, ensuring a stable supply that meets the needs of large-scale cheese manufacturers. Additionally, the growing cheese consumption globally, driven by the rising popularity of western diets and culinary practices in emerging markets, has boosted the demand for all types of rennet.
Environmental and ethical considerations are also playing a significant role, with consumers and producers alike seeking sustainable and humane alternatives to traditional animal rennet. The expansion of specialty and artisanal cheese markets further drives the demand for diverse rennet sources, as cheesemakers experiment with different types to achieve unique textures and flavors.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Animal-Derived Rennet segment, which is expected to reach US$362.2 Million by 2030 with a CAGR of a 4.0%. The Microbial Rennet segment is also set to grow at 2.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $190.3 Million in 2023, and China, forecasted to grow at an impressive 7.0% CAGR to reach $188.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Rennet Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Rennet Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Rennet Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AFFCO, Armor Proteines SAS, Bhole Baba Milk Food Industries Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 74 Featured):
- AFFCO
- Armor Proteines SAS
- Bhole Baba Milk Food Industries Ltd.
- Calza Clemente s.r.l.
- Chr. Hansen Holding A/S
- Clarion Casein Ltd.
- Fonterra Co-operative Group Ltd.
- Hebei Yoko Biotech Co. Ltd.
- Mayasan A.S.
- Maysa Gida
- Punature Food Ingredient Co. Ltd.
- Renco New Zealand
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AFFCO
- Armor Proteines SAS
- Bhole Baba Milk Food Industries Ltd.
- Calza Clemente s.r.l.
- Chr. Hansen Holding A/S
- Clarion Casein Ltd.
- Fonterra Co-operative Group Ltd.
- Hebei Yoko Biotech Co. Ltd.
- Mayasan A.S.
- Maysa Gida
- Punature Food Ingredient Co. Ltd.
- Renco New Zealand
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 413 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 698.5 Million |
| Forecasted Market Value ( USD | $ 897.7 Million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
