Market Overview:
The global vegetable rennet 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 cheese and other dairy products, rising awareness about the health benefits of consuming cheese, and technological advancements in the production of cheese. The vegetable rennet market is segmented on the basis of type, application, and region. On the basis of type, it is divided into rennet liquid, rennet powder, and rennet tablets. The food & beverage segment accounted for majority share in 2017 owing to high demand for various types of cheeses across different regions.
Product Definition:
Vegetable rennet is a dried extract from the stomachs of calves, kids, lambs and other young animals. It is used to curdle milk for cheese making.
Rennet Liquid:
Rennet liquid is a by-product obtained during the process of animal stomach manufacture. It is a clear, odorless and tasteless liquid that has high nutritional value. The main function of this liquid is to help digest food in animals and humans. In addition, it helps in building strong immunity system as it contains antibodies produced by the body to fight against infections at cellular level.
The global vegetable rennet market size was valued at USD 856 million in 2015.
Rennet Powder:
Rennet powder is a dry, tasteless powder that is added to the food product before processing. It helps in increasing the yield of vegetable and fruits by improving their texture and making them soft. The most commonly used types of renet are from plant materials such as potato, apple, citrus peel, rice bran and wheat germ.
Application Insights:
The food and beverage application segment led the global market in 2017. The demand for vegetable rennet is increasing in this application on account of its ability to produce a smooth texture with low acid content, which makes it suitable for use in cheese manufacturing. Moreover, manufacturers are also using vegetable rennet due to its ability to reduce cholesterol levels and promote weight loss.
Rennet tablets are widely used as an emulsifying agent and stabilizing agent in various industries such as pharmaceuticals, cosmetics, food processing etc. They are used along with other ingredients during the formulation of various products such as tablets & pills; powders & granules; syrups & concentrates; gels & liquids etc., thereby making them easier to take by mouth owing to their smoother texture compared to that of normal oral medication or suspension without it.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high demand from countries, such as U.K., Germany, and France. The region is expected to maintain its dominance over the forecast period due to increasing awareness about vegetarianism and veganism among people of Western Europe nations. Asia Pacific is projected to be the fastest-growing market at a CAGR of XX% from 2018 to 2030 owing to rising product demand for pharmaceutical applications in China and India.
Growth Factors:
- Increasing demand for vegetarian food products: The global population is increasingly becoming health conscious and opting for vegetarian food products. This is driving the growth of the vegetable rennet market as it is used in the production of various vegetarian cheese products.
- Growing popularity of artisanal cheese: Artisanal cheeses are made using traditional methods and with high-quality ingredients, which makes them more expensive than industrially produced cheeses. However, their unique flavor and texture has led to their growing popularity, especially among consumers in developed countries. This is boosting the demand for vegetable rennet globally.
- Rising disposable income levels: A rise in disposable income levels enables consumers to spend more on premium food items such as artisanal cheese made using high-quality ingredients like vegetable rennet. Thus, rising disposable income levels are aiding the growth of the global vegetable rennet market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Rennet Market Research Report
By Type
Rennet Liquid, Rennet Powder, Rennet 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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Rennet Market Report Segments:
The global Vegetable Rennet market is segmented on the basis of:
Types
Rennet Liquid, Rennet Powder, Rennet 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 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:
- Rennet Liquid
- Rennet Powder
- Rennet 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 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?
Vegetable rennet is a type of rennet that comes from vegetables. It is used to make cheese.
Some of the major companies in the vegetable rennet market are Chr. Hansen Holding, Clarion Casein, Clover Fonterra Ingredients, DowDuPont, Osterreichische Laberzeugung Hundsbichler, Renco, Chr. Hansen Holding.
The vegetable 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 Vegetable 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 Vegetable Rennet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegetable 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 Vegetable 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 Vegetable Rennet Market Size & Forecast, 2020-2028
4.5.1 Vegetable Rennet Market Size and Y-o-Y Growth
4.5.2 Vegetable Rennet 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 Rennet Liquid
5.2.2 Rennet Powder
5.2.3 Rennet 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 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 Vegetable 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 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 Rennet Liquid
9.6.2 Rennet Powder
9.6.3 Rennet 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 Rennet Liquid
10.6.2 Rennet Powder
10.6.3 Rennet 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 Rennet Liquid
11.6.2 Rennet Powder
11.6.3 Rennet 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 Rennet Liquid
12.6.2 Rennet Powder
12.6.3 Rennet 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 Rennet Liquid
13.6.2 Rennet Powder
13.6.3 Rennet 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 Rennet Market: Competitive Dashboard
14.2 Global Vegetable Rennet 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
