Global Rennet Market: Overview
The growth of the global rennet market is witnessing an upsurge due to the increasing consumption of cheese for its nutritional content. The growth of cattle farming industry for milk to manufacture a number of milk products is also boosting the rennet market.
For rennet production, rennet from the calf’s gut lining is added to raw milk that is at a temperature of 32–37 °C for 40–60 min. Thereafter, the mixture is left to ripen for 30 – 60 minutes. Post this, curd piecing and partial removal of whey, the curd cubes are left to ripen in whey. This is left to ripen until a slim block of about 2 m long is formed.
The report provides a succinct analysis of the global rennet market for the 2018-2026 forecast period. Analysts employed industry centric tools and proven research methodologies to provide an intelligent analysis of the global rennet market. The geographical distribution of the global rennet market and an analysis of the competitive outlook are some other key features of the report.
Global Rennet Market: Key Trends
Worldwide, increasing consumption of cheese because of its nutritional value is providing a stimulus to the rennet market. Rennet is an enzyme that is sourced from the lining of the gut of a calf. The rennet thus sourced is used to coagulate milk to produce rennet. Rennet is rich in protein and is suitable to be consumed by all age groups. This provides tailwinds to the global rennet market.
The growth of processed food industry is having a positive impact on several ancillary food industries. Cheese is a food item that is used in a number of processed foods such as pizza, burger, sandwiches, and wraps. Processed foods that contain cheese is consumed regularly for its convenient quotient. Apart from this, cheese is given to kids for its protein content.
With varied packaging, cheese is available shapes and sizes that are easy to consume. Rennet, like other types of chesses is available in cubes and cylinders that are easy to consume. These are available in bite-size packs that can be eaten as a snack. The consumption of rennet as a snack and for food preparation is providing a major boost to the rennet market.
However, factors such as animal source of rennet is hampering the demand for rennet. Religious sentiments of individuals of communities who consider cow to be sacred is having a negative impact on the demand for rennet. This is providing headwinds to the rennet market.
Nevertheless, efforts from food manufacturers to develop plant-based version of rennet is likely to provide lucrative opportunities to the global rennet market.
Global Rennet Market: Geographical Analysis
Among key regions in the global rennet market, Europe and North America hold prominence. The prominence of the two regions is because of huge volume of cheese production and cheese consumption. The shift of population for vegetarian cheese is opening new avenues for vegetable and microbial versions of rennet.
Asia Pacific, on the other hand, is emerging as a key market for rennet. This is mainly because of changing lifestyle in emerging economies of the region.
Global Rennet Market: Competitive Outlook
Key players that have a significant presence in the global rennet market are WalcoRen, Iran Industrial Enzyme Co., Yangzhou Chemical Co. Ltd., Chr. Hansen Holdings A/S, Vahgan EV. Tigra Co. Ltd., Bioactive Yeast Co. Ltd., Scientific and Technological Bioresource Nucleus, DuPont Nutrition & Health, Sudershan Biotech Ltd., and MAYASAN Food Industries A.S.
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