Market Overview:
The global vegetable chymosin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chymosin from the food & beverage, pharmaceutical, and biochemical engineering industries. Chymosin is used as a coagulant in these industries to produce various products such as cheese, rennet tablets, and other dairy products. In addition, rising awareness about the benefits of chymosin is also contributing to the growth of this market. Based on type, the global vegetable chymosin market can be segmented into liquid chymosin, powder chymosin, and tablets/pills/capsules form of chymosins. The liquid form of this enzyme currently dominates the global market and is expected to continue its dominance during the forecast period owing to its easy availability and low cost as compared with other forms of this enzyme.
Product Definition:
A protease enzyme isolated from the vegetable rennet traditionally used to curdle milk in the production of cheese. Vegetable chymosin is important for its ability to produce a fine and smooth curd, which is especially desirable in cheeses such as cheddar, brie, and camembert.
Chymosin Liquid:
Chymosin is a plant enzyme that helps in the process of photosynthesis. It is extracted from plants and used to increase the yield of oilseeds, grains, soybeans, and vegetables. Chymosin also finds its usage as an anti-parasite drug for livestock.
Chymosin Powder:
Chymosin is a plant enzyme that helps in the process of photosynthesis. It is extracted from plants and used to increase the yield of vegetables such as lettuce, cabbage, turnips and other brassica family crops. Chymosin also improves taste, texture and color of vegetables. The product has no effect on humans or animals but can be dangerous for livestock if consumed in large quantities.
Application Insights:
The food and beverage segment led the global market in 2017. The application of vegetable chymosin in this sector is driven by increasing demand for fresh, safe and natural products with enhanced functionality. Moreover, rising awareness among consumers regarding healthy lifestyle practices coupled with growing consumer preference for enzyme-based products is expected to drive the market growth over the forecast period.
The pharmaceutical segment accounted for a significant share of revenue in 2017 owing to high product demand from various end-use industries including biochemistry research laboratories and hospitals. Furthermore, an increase in R&D activities pertaining to new applications of vegetable chymosin is anticipated to boost industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for meat and meat products from consumers, coupled with rising awareness about vegetarianism and veganism in countries such as U.S., Canada, and Mexico.
Europe also accounted for a significant share owing to high consumption levels of dairy products across most countries including Germany; France; Italy; Spain etc.; which has been fueling product sales within this region since past few years Moreover, presence of major manufacturers such as Roquette S.A.
Growth Factors:
- Increasing demand for cheese from the burgeoning middle-class population in developing countries.
- Rising awareness about the health benefits of consuming cheese made from vegetable chymosin among consumers.
- Growing popularity of vegetarianism and veganism, which is driving demand for plant-based cheeses made with vegetable chymosin.
- Proliferation of artisanal cheesemakers who are using vegetable chymosin to make high-quality, niche cheeses that appeal to discerning consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Chymosin Market Research Report
By Type
Chymosin Liquid, Chymosin Powder, Chymosin Tablets
By Application
Food & Beverage, Pharmaceutical, Biochemical Engineering, Other
By Companies
Chr. Hansen Holding, Clarion Casein, Clover Fonterra Ingredients, DowDuPont, Osterreichische Laberzeugung Hundsbichler, Renco, Chr. Hansen Holding
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Chymosin Market Report Segments:
The global Vegetable Chymosin market is segmented on the basis of:
Types
Chymosin Liquid, Chymosin Powder, Chymosin Tablets
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
Food & Beverage, Pharmaceutical, Biochemical Engineering, Other
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:
- Chr. Hansen Holding
- Clarion Casein
- Clover Fonterra Ingredients
- DowDuPont
- Osterreichische Laberzeugung Hundsbichler
- Renco
- Chr. Hansen Holding
Highlights of The Vegetable Chymosin 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:
- Chymosin Liquid
- Chymosin Powder
- Chymosin Tablets
- By Application:
- Food & Beverage
- Pharmaceutical
- Biochemical Engineering
- Other
- 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 Vegetable Chymosin 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Vegetable Chymosin is a natural enzyme that helps to break down proteins. It is used in the food industry to help create textured products, such as meatballs and nuggets.
Some of the key players operating in the vegetable chymosin market are Chr. Hansen Holding, Clarion Casein, Clover Fonterra Ingredients, DowDuPont, Osterreichische Laberzeugung Hundsbichler, Renco, Chr. Hansen Holding.
The vegetable chymosin 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 Vegetable Chymosin 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 Vegetable Chymosin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegetable Chymosin 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 Vegetable Chymosin 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 Vegetable Chymosin Market Size & Forecast, 2020-2028
4.5.1 Vegetable Chymosin Market Size and Y-o-Y Growth
4.5.2 Vegetable Chymosin Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Chymosin Liquid
5.2.2 Chymosin Powder
5.2.3 Chymosin Tablets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Pharmaceutical
6.2.3 Biochemical Engineering
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegetable Chymosin 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 Vegetable Chymosin 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Chymosin Liquid
9.6.2 Chymosin Powder
9.6.3 Chymosin Tablets
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 Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Pharmaceutical
9.10.3 Biochemical Engineering
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Chymosin Liquid
10.6.2 Chymosin Powder
10.6.3 Chymosin Tablets
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 Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Pharmaceutical
10.10.3 Biochemical Engineering
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Chymosin Liquid
11.6.2 Chymosin Powder
11.6.3 Chymosin Tablets
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 Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Pharmaceutical
11.10.3 Biochemical Engineering
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Chymosin Liquid
12.6.2 Chymosin Powder
12.6.3 Chymosin Tablets
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 Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Pharmaceutical
12.10.3 Biochemical Engineering
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Chymosin Liquid
13.6.2 Chymosin Powder
13.6.3 Chymosin Tablets
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) Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Pharmaceutical
13.10.3 Biochemical Engineering
13.10.4 Other
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 Vegetable Chymosin Market: Competitive Dashboard
14.2 Global Vegetable Chymosin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chr. Hansen Holding
14.3.2 Clarion Casein
14.3.3 Clover Fonterra Ingredients
14.3.4 DowDuPont
14.3.5 Osterreichische Laberzeugung Hundsbichler
14.3.6 Renco
14.3.7 Chr. Hansen Holding
