What is Rennet?
Rennet is a complex of enzymes produced in the stomachs of ruminant mammals, which is used as a coagulant in the production of various food products. It is also called as coagulants, and it contains enzymes such as chymosin, pepsin, and lipase. The main constituent of the rennet is chymosin. Rennet is specially been used to produce milk coagulation and to separate the whey from initial curding process during the production of cheese.
The market study is broken down by Type (Animal Derived Rennet, Microbial Rennet, FPC-Fermentation Produced Chymosin Rennet and Vegetable Rennet), by Application (Food & Beverage, Pharmaceutical, Industrial, Chemical and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Enzyme Supplies Limited (United Kingdom), AlindaVelco S.A. (Greece), Chr. Hansen (Denmark), Clarion Casein Ltd. (India), WalcoRen (Canada), Osterreichische Laberzeugung Hundsbichler GmbH (Auistria), Renco New Zealand (New Zealand), Mahaan Foods Limited (India), Danisco Dupont (Denmark) and Fonterra (New Zealand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Iran Industrial Enzyme Co., Yangzhou Chemical Co. Ltd., Vahgan EV. Tigra Co. Ltd. and Bioactive Yeast Co. Ltd..
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Rennet market by Type, Application and Region.
On the basis of geography, the market of Rennet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Rennet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- There is an increasing consumption of cheese because of its nutritional value which is providing a stimulus to the rennet market. Rennet is an enzyme that is basically 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.
Market Drivers
- Increasing consumption of milk based products and advancement in technology
Opportunities
- Rising vegan population in many regions
- Efforts from food manufacturers to develop plant-based version of rennet
Restraints
- Animal source of rennet providing headwinds to the rennet market
Challenges
- Availability of alternative coagulants
Key Target Audience
Rennet producers/processors, Commercial research and development institution, Government and research organization, Livestock owners and agricultural association and Traders, exporters and importers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.