The global dairy enzymes market size is forecast to reach USD 999.8 Million by 2027from USD 593.2 Million, at a CAGR of 7.2% through the forecast period. The market growth can be attributed to the increasing utilization of hydrocolloids by dairy-manufacturing enterprises to enhance the taste and texture of dairy products.The rising prevalence of lactose intolerance among people across the globe is also supporting dairy enzymes industry growth.
The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Dairy Enzymes business sector. According to our expert team, the corona virus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Dairy Enzymes industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdownrestrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.
Competitive Overview:
The global Dairy Enzymes market report closely studies the functioning mechanisms of the key companies participating in the global market. These companies are said to be following a slew of business expansion strategies to reinforce their financial positions in this market. As per the report, these companies account for a major portion of the overall Dairy Enzymes market share. Therefore, this section of the report emphasizes the principal strategic initiatives led by these companies, including mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.
Key Market Players:
Kerry Group, DuPont, Chr Hansen Holding A/S, Advanced Enzymes Technologies, DSM, Connell Bros., Biocatalysts Ltd, Novozymes A/S, SternEnzym, and Amano Enzyme, among others.
Global Dairy Enzymes Market Report – Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Dairy Enzymes market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Dairy Enzymes market size
2.2 Latest trends of the Dairy Enzymes market by region
2.3 Key corporate trends
- Global Dairy Enzymes Market share by key players
3.1 Global Dairy Enzymes Market size by manufacturers
3.2 Global Dairy Enzymes Market key players
3.3 Products/solutions/services of major players
3.4 New entrants in the Dairy Enzymes market
3.5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Dairy Enzymes Market by product type
4.1 Global Dairy Enzymes Sales by Product
4.2 Global Dairy Enzymes by Product Revenue
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