Global Rennet Market Size is valued at USD 731.2 Mn in 2024 and is predicted to reach USD 1356.2 Mn by the year 2034 at a 6.5% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Rennet is a proteolytic enzyme usually taken from the stomach lining of calves. The primary substance that makes up rennet is chymosin. Rennet is employed in the cheesemaking process to facilitate milk coagulation and remove whey from the initial curdling stage. Making rennet involves heating raw milk to 32–37 °C for 40–60 minutes while adding rennet derived from the calf's stomach lining. Rennet market expansion is anticipated to be aided by the cheese market's expansion due to rising cheese consumption. Globally expanding vegetarian populations are fueling demand for plant-based food items, which is also accounted to boost the market growth. Growing consumer demand for plant-based cheese due to dietary restrictions and an increase in health-conscious consumers worldwide is anticipated to present significant growth opportunities over the forecast period. Pepsin makes cheese instead of rennet since it is substantially less expensive.
Once more, it is predicted that this issue will slow market expansion. The market is anticipated that introducing an enhanced rennet production technique will open up new market prospects. The new technology should satisfy the market's demand for non-animal rennet.Additionally, the adoption of rennet is anticipated to have strong demand due to the increase in food and beverage firms, supporting market expansion. The availability of many solutions, such as natural and synthetic rennet, depending on the needs and financial situation of the manufacturer, is now promoting the overall expansion of the rennet market. The main restraint to the growth of the rennet market is religious convictions and rising danger threats brought on by incorrect handling of materials and goods.
The rennet market is segmented on type and form. Based on type, the market is segmented into animal-derived rennet, microbial rennet, vegetable rennet, and fermentation-produced chymosin rennet. Based on form, the rennet market is segmented into liquid, powder and paste.
The market's leading segment was drugs. Some of the main drivers of the expansion include an expanding patient population for monkeypox disease, an increase in the use of antiviral drugs, and high treatment costs for the symptomatic management of the illness. However, the vaccine segment is anticipated to grow significantly. Increased use of vaccines against monkeypox infection, greater public awareness of vaccination, and intensive R&D efforts to create novel medicines are all predicted to boost category expansion. Additionally, several government measures to increase vaccine accessibility are projected to support category growth.
Liquid form grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. In factories, the liquid form is widely used to make huge amounts of cheese. They also contain extra preservatives, which prolong the cheese's freshness.
The Europe Rennet market is expected to register the highest market share in revenue shortly. This results from several variables, including an increase in the number of vegans and advanced technology used in cheese manufacturing. It is anticipated that the expanding cheesemaking industry, which employs cutting-edge technologies and creative manufacturing techniques, will be the primary driver of the demand for rennet in European countries like Germany, France, Italy, and Russia. Besides, the Asia-Pacific is anticipated to have rapid expansion. Interest in non-cheese dishes and rising consumption of cheeses like cheddar and mozzarella in the West Rennet is increasingly being used to produce several varieties of cheese in Asian nations like Japan, China, and India.
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD 731.2 Million |
|
Revenue Forecast In 2034 |
USD 1356.2 Million |
|
Growth Rate CAGR |
CAGR of 6.5% from 2025 to 2034 |
|
Quantitative Units |
Representation of revenue in US$ Mn,and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Form |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Chr. Hansen Holding AS, AFFCO, International Flavors & Fragrances Inc., Intermak Inc., Punature Food Ingredient Co. Ltd, Walcovit Inc., Hebei Yoko Biotech Co. Ltd, Koninklijke DSM NV, MAYASAN Food Industries AS, Calza Clemente SRL, Iran Industrial Enzymes Company, and Sacco SRL. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Rennet Market Snapshot
Chapter 4. Global Rennet Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Animal-Derived Rennet
5.2.2. Microbial Rennet
5.2.3. FPC-Fermentation Produced Chymosin Rennet
5.2.4. Vegetable Rennet
Chapter 6. Market Segmentation 2: by Form Estimates & Trend Analysis
6.1. by Form & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Form:
6.2.1. Liquid
6.2.2. Powder
6.2.3. Paste
Chapter 7. Rennet Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Rennet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Rennet Market Revenue (US$ Million) Estimates and Forecasts by Form, 2021-2034
7.1.3. North America Rennet Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Rennet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.2.2. Europe Rennet Market Revenue (US$ Million) Estimates and Forecasts by Form, 2021-2034
7.2.3. Europe Rennet Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Rennet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.3.2. Asia Pacific Rennet Market Revenue (US$ Million) Estimates and Forecasts by Form, 2021-2034
7.3.3. Asia Pacific Rennet Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Rennet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.4.2. Latin America Rennet Market Revenue (US$ Million) Estimates and Forecasts by Form, 2021-2034
7.4.3. Latin America Rennet Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Rennet Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.5.2. Middle East & Africa Rennet Market Revenue (US$ Million) Estimates and Forecasts by Form, 2021-2034
7.5.3. Middle East & Africa Rennet Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Chr. Hansen Holding AS
8.2.2. AFFCO
8.2.3. International Flavors & Fragrances Inc.
8.2.4. Intermak Inc.
8.2.5. Punature Food Ingredient Co. Ltd
8.2.6. Walcovit Inc.
8.2.7. Hebei Yoko Biotech Co. Ltd
8.2.8. Koninklijke DSM NV
8.2.9. MAYASAN Food Industries AS
8.2.10. Calza Clemente SRL
8.2.11. Iran Industrial Enzymes Company
8.2.12. Sacco SRL
8.2.13. Other Prominent Players
By Type:
By Form
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
