According to a new report published by Allied Market Research, titled, “Dairy Enzyme Market," The Dairy Enzyme Market Size was at $574.20 million in 2021, and is estimated to reach $1.1 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031. In terms of value, North America occupied more than one-third of the global Dairy Enzyme Market Share for 2021 and is expected to maintain its dominance during the forecast period.
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Key Players
Associated British Foods plc, Advanced Enzyme Technologies, BASF SE, Chr. Hansen Holding A/S, DuPont de Nemours, Inc., Kerry Group Plc, Novozymes A/S, Koninklijke DSM N.V., Aumenzymes, Amano Enzyme Inc., Wilbur-Ellis Holdings, Inc., Biocatalysts, STERN-WYWIOL GRUPPE GMBH CO. KG, Phythozymes, Infinita Biotech Private Limited
Key Findings of The Study
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By type, the carbohydrase, segment dominated the global market in 2021, and is expected to retain its dominance throughout the Dairy Enzyme Market Forecast period.
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On the basis of application, the cheese segment accounted for a major share in the dairy enzyme market in 2021 and is expected to grow at a significant CAGR during the dairy enzyme forecast period.
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Depending on source, the microorganism segment accounted for a major share of the market in 2021 and is expected to grow at a significant CAGR during the forecast period.
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Asia-Pacific accounted for highest market share in 2021 and is expected to grow at a significant CAGR during the forecast period.