Europe Rennet Market

Europe Rennet Market Size, Share, Growth (2022-2027)

Europe Rennet Market was valued at USD XX million by 2022 and is expected to reach USD XX million by 2027, growing at a CAGR of XX% during the forecast period of 2022-2027.

Europe Rennet Market Overview

The Europe Rennet Market is expected to have potential growth for its various uses in the market. Rennet is a complex set of chymosin enzymes produced in the stomach lining of ruminant mammals. Rennet is used as a coagulate, to thicken the milk, or to make cheese. Therefore, Rennet as a food product has a wide range of nutritional use for their consumption, and this advantage is expected to boost its progress in the market. Therefore, the Europe Rennet Market is anticipated to grow in demand during the forecast period of 2022-2027.

Europe Rennet Market Drivers:

Due to the rising health concerns and a trend for supplements to improve nutritional benefits in Europe, the rennet market is also receiving the limelight as a nutritional coefficient. There are several by-products to rennet, including milk, cheese, curd, etc., all everyday life essential foods necessary for consumption leading to more revenue. The increasing intake and favor for cheese and the foods made with cheese is expected to help the market along with the growing populations of vegetarians looking for plant-based foods promoting the growth of the market. 

Rapid Revolution of the Food Service Industry

The Europe Rennet Market has been boosted in demand due to the consumer's need for cheese, and various flavors have boosted the demand for Europe Rennet Market. Additionally, the market is growing due to the rising disposable incomes in countries and rising standards of lifestyles among populations. Furthermore, with the growing Ready-to-eat foods and making convenience food their lifestyle, the demand for the Europe Rennet Market is anticipated to drive the demand during the forecast years of 2022-2027.

Europe Rennet Market Challenges:

The Europe Rennet Market faces restraints due to the rise of health concerns and changing the lifestyle to make more health-conscious decisions can hamper the growth of the Europe Rennet Market. In addition, there is an inclined trend for low-fat foods available in the market, posing a threat to the Europe Rennet Market.

The increased demand for eco-friendly products and animal protesters, which hampers specific communities' religious beliefs and sentiments, can restrict the Europe Rennet Market from further growth. Furthermore, the increase in the usage of pepsin as an alternative has shifted the focus of the rennet market, posing a threat to Rennet.

Europe Rennet Market Opportunities:

There has been a recent innovation in changing the source of the rennet, promoting its growth in Europe. Furthermore, the rising revenue capital in the field of microbiology research and developments by companies are pushing the market towards expansion. Furthermore, GMO-based rennet production can shift the market for the rennet business creating immense opportunities for the business players in the Europe Rennet Market. Also, with the rise in the number of food and beverage industries, the Rennet Market is expected to grow in demand, creating opportunities for adopting Rennet in their businesses.

Europe Rennet Market Key Developments:

• In March 2022, Amano Enzyme, Inc., a major supplier of specialty enzymes to the food industry, announced it had become a member of the Plant Protein Innovation Centre (PPIC), an interdisciplinary research center dedicated to studying plant and alternate proteins.

• A German startup Formo has created microbe milk, made with precise fermentation to make cheese for decades. Lab-made dairy can be the next technological leap, says "Formo."

Europe Rennet Market Segmentation:

Europe Rennet Market Segmentation: By Type

• Animal Derived Rennet

• Microbial Rennet

• FPC- Fermentation Produced Chymosin Rennet

• Vegetable Rennet

Based on Segmentation by Type, the Animal Derived Rennet is leading the Europe Rennet Market as it is an old and traditional method. Rennet derived from calf and ox is primarily used in cheesemaking in the Europe Rennet Market. As Rennet holds the highest protein content and protease enzymes, it drives the growth of the Europe Rennet Market. Furthermore, the Fermentation Produced Chymosin Rennet is also anticipated to grow in the Europe Rennet Market during the forecast year of 2022-2027. The Fermentation Produced Chymosin Rennet is boosting the demand owing to the adoption of FPCR for the coagulation of milk and cheese, providing a better texture, higher production of yield, and reduced bitterness. 

The Segments Microbial Rennet and Vegetable Rennet are also anticipated to grow in demand for the Europe Rennet Market during the forecast period of 2022-2027.

Europe Rennet Market Segmentation: By Form

• Liquid

• Powder

• Paste

Based on Segmentation by Form, the demand for Liquid Segment is leading in the Europe Rennet Market. Many industries use liquid Rennet for various products, which keeps ingredients like cheese fresh. Therefore, the Powder and Paste segments are also anticipated to grow in demand for the Europe Rennet Market.

Europe Rennet Market Segmentation: By End-User

• Food and Beverages

• Pharmaceuticals

• Industrials

• Chemicals

• Others

Based on Segmentation by End-User, the demand for the Europe Rennet Market in Food and Beverages segment has dominated the entire Europe Market. Furthermore, with the rising usage of Rennet in cheese and for the preparation of junket, it has emerged as the growth driver for the Europe Rennet Market as they help make a softer product, gives good texture, and reduces bitterness in taste.

The other segments, Pharmaceutical, Industrial, chemical, and others, are also anticipated to grow in the Europe Rennet Market during the forecast year of 2022-2027.

Europe Rennet Market Regional Analysis

• Germany

• UK

• France

• Switzerland

• Italy

• Spain

• Finland

• Norway

• Austria

• Russia

• Netherlands

• Others

The Europe Rennet Market is anticipated to grow in the rennet market with the steady growth and rising demand for cheese intake has boosted rapidly in this region. In addition, the use of Rennet has been soaring in the food manufacturing industries in countries such as Germany, France, the UK, Italy, Norway, Finland, and Austria is likely to boost the demand for Europe Rennet Market.

With the changing consumer behavior for adapting to a healthy lifestyle, the Europe Rennet Market is anticipated to progress in countries like Russia, the Netherlands, Spain, and other countries during the forecast period of 2022-2027. Furthermore, due to the increase in cheese intake preferred by many consumers in various countries, the demand for the Europe Rennet Market is anticipated to have the uttermost CAGR during the forecast period for Europe Region.

Europe Rennet Market Key Players

1. WalcoRen

2. Renco

3. Chr. Hansen

4. Bioactive Yeast

5. DowDuPont