Market Overview:
The global animal rennet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for dairy products, increasing awareness about the benefits of animal rennet, and technological advancements in the production of animal rennet. Based on type, the global animal rennet market can be segmented into cattle and sheep. The cattle segment is expected to account for a larger share of the market than the sheep segment during the forecast period. This can be attributed to rising demand for dairy products across regions. Based on application,the global animal rennet market can be divided into liquid and powder forms.
Product Definition:
Animal rennet is a coagulant found in the stomachs of unweaned infants of some ruminant animals, such as cows and goats. It is used to curdle milk and produce cheese.
Cattle:
Cattle is the meat obtained from bovine animals. Bovine animals include domestic cattle, bison, and water buffaloes. Cattle are used for various purposes such as food (venison and beef), milk production, transportation of goods (oxen), biological research, etc.
Sheep:
Sheep and it's usage in animal renet market is a product that is used for the production of milk, butter, cheese, yogurt & other dairy products. It has high protein content & low fat content which makes it healthy for consumption. The sheep and its' usage in the animal rennet market are majorly dependent on its yield & quality as well as the demand from various end-use industries like pharmaceuticals and food processing industry.
Application Insights:
The demand for animal rennet in the food and beverage industry was valued at USD 37.5 million in 2017 and is expected to witness significant growth on account of rising applications in cheese making. Animal rennet has been used as a substitute for microbial rennet due to its higher quality standards, which include acceptance by the body, consistency of product & taste. The application of animal-based Rennet products other than cheese includes buttermilk processing, lactic acid production, yogurts & kefir production and ice cream manufacturing among others.
Liquid forms such as calfs milk or sheeps milk are preferred over powdered forms owing to their ease of use.
Regional Analysis:
Asia Pacific dominated the global animal rennet market in 2017. The region is expected to witness significant growth over the forecast period owing to rising meat consumption and increasing awareness about health benefits of cheese products. China, India, Japan, Australia and New Zealand are some of the major markets in Asia Pacific that are anticipated to drive regional demand for animal rennet during the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to growing demand from countries such as Germany, France and U.K., where dairy production has been declining over recent years due to changing consumer preferences towards plant-based foods such as yogurt and kefiran products made using microbial cultures rather than traditional ones made using enzymes derived from animals’ milk.
Growth Factors:
- Increasing demand for cheese and other dairy products: The global demand for cheese is projected to grow at a CAGR of around 5% during the forecast period. This will lead to an increase in the demand for rennet, as it is used in the production of cheese.
- Rising population and income levels: The global population is expected to reach 9 billion by 2050, which will lead to an increase in the demand for dairy products. Additionally, rising income levels across developing countries are leading to an increase in consumer spending on food items, including dairy products. This will create opportunities for players operating in the animal rennet market.
- Technological advancements: Players operating in this market are investing heavily in research and development activities with a view to introducing new technologies that can improve rennet production efficiency and reduce costs associated with its production process.. For instance, Chr Hansen has developed a recombinant chymosin enzyme that can be used as a replacement for traditional animal-derived chymosin enzymes.. Such technological advancements are likely to boost growth prospects of this market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Animal Rennet Market Research Report
By Type
Cattle, Sheep
By Application
Liquid, Powder
By Companies
Walcovit, Chr. Hansen, Caglificio Clerici, Renco, DuPont, Mayasan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Animal Rennet Market Report Segments:
The global Animal Rennet market is segmented on the basis of:
Types
Cattle, Sheep
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Liquid, Powder
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Walcovit
- Chr. Hansen
- Caglificio Clerici
- Renco
- DuPont
- Mayasan
Highlights of The Animal Rennet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cattle
- Sheep
- By Application:
- Liquid
- Powder
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Animal Rennet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Animal rennet is a natural enzyme extracted from the stomachs of calves, sheep, and goats. It is used to make cheese.
Some of the major players in the animal rennet market are Walcovit, Chr. Hansen, Caglificio Clerici, Renco, DuPont, Mayasan.
The animal rennet market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Animal Rennet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Animal Rennet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Animal Rennet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Animal Rennet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Animal Rennet Market Size & Forecast, 2018-2028
4.5.1 Animal Rennet Market Size and Y-o-Y Growth
4.5.2 Animal Rennet Market Absolute $ Opportunity
Chapter 5 Global Animal Rennet Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Animal Rennet Market Size Forecast by Type
5.2.1 Cattle
5.2.2 Sheep
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Animal Rennet Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Animal Rennet Market Size Forecast by Applications
6.2.1 Liquid
6.2.2 Powder
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Animal Rennet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Animal Rennet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Animal Rennet Analysis and Forecast
9.1 Introduction
9.2 North America Animal Rennet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Animal Rennet Market Size Forecast by Type
9.6.1 Cattle
9.6.2 Sheep
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Animal Rennet Market Size Forecast by Applications
9.10.1 Liquid
9.10.2 Powder
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Animal Rennet Analysis and Forecast
10.1 Introduction
10.2 Europe Animal Rennet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Animal Rennet Market Size Forecast by Type
10.6.1 Cattle
10.6.2 Sheep
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Animal Rennet Market Size Forecast by Applications
10.10.1 Liquid
10.10.2 Powder
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Animal Rennet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Animal Rennet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Animal Rennet Market Size Forecast by Type
11.6.1 Cattle
11.6.2 Sheep
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Animal Rennet Market Size Forecast by Applications
11.10.1 Liquid
11.10.2 Powder
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Animal Rennet Analysis and Forecast
12.1 Introduction
12.2 Latin America Animal Rennet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Animal Rennet Market Size Forecast by Type
12.6.1 Cattle
12.6.2 Sheep
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Animal Rennet Market Size Forecast by Applications
12.10.1 Liquid
12.10.2 Powder
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Animal Rennet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Animal Rennet Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Animal Rennet Market Size Forecast by Type
13.6.1 Cattle
13.6.2 Sheep
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Animal Rennet Market Size Forecast by Applications
13.10.1 Liquid
13.10.2 Powder
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Animal Rennet Market: Competitive Dashboard
14.2 Global Animal Rennet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Walcovit
14.3.2 Chr. Hansen
14.3.3 Caglificio Clerici
14.3.4 Renco
14.3.5 DuPont
14.3.6 Mayasan
