Rennet market expansion is anticipated to be aided by the cheese market's expansion as a result of rising cheese consumption. For instance, the amount of cheese consumed per person in the United States in 2020 was 40.2 pounds, slightly more than in prior years. The most widely consumed cheeses are still cheddar and mozzarella (US Department of Agriculture). Another important element driving the expansion of the cheese business is the rising popularity of ethnic cuisines like Italian and Mexican, which call for more cheese. Globally expanding vegetarian populations are fueling demand for plant-based food items, which is also projected to boost market growth.
The global Rennet Market was valued at US$ 683.1 Mn in 2021 and is forecast to reach a value of US$ 1080 Mn by 2030 at a CAGR of 5.39% between 2022 and 2030.
Key Competitors in the Rennet Industry:
1. Chr. Hansen
Chr. Hansen Holding A/S, a bioscience company, develops natural ingredient solutions for the food, nutritional, pharmaceutical, and agricultural industries in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Food Cultures & Enzymes, and Health & Nutrition segments. The company was founded in 1843 and is headquartered in Hørsholm, Denmark. In April 2020, Chr. Hansen acquired HSO Health Care to grow probiotics offering for women’s health. In June 2022: Danone launched the new drinkable yogurt Activa+. Activa+ is a multi-benefit drinkable yogurt made with active probiotic vitamins A, D, and zinc. The product is available in different flavors like raspberry, peach, and strawberry.
2. International Flavors & Fragrances Inc.
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company is headquartered in NewYork, U.S. founded in 1833.
3. Koninklijke DSM N.V.
Koninklijke DSM N.V., a science-based company, engages in nutrition, health, and sustainable living businesses in the Netherlands, Switzerland, rest of Europe, North America, Latin America, China, rest of Asia, and internationally. The company was founded in 1902 and is headquartered in Heerlen, the Netherlands.
4. Affco
Affco Is One of New Zealand’s Leading Meat Companies, Having Operated In This Competitive Primary Sector Since 1904. The Company Has Headquarters Situated In Horotiu, Waikato.
5. Intermak Inc.
Established in 1989, InterMark Inc. is the preferred supplier for seamless and welded tubing, casing, drill and line pipe requirements for the oil and petrochemical industry worldwide. The company has headquarters situated in OK, USA.
6. Punature Food Ingredient Co. Ltd
Penford is now part of the Ingredion group of companies. Ingredion Incorporated is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients and bio-material solutions. The company has headquarters situated in Englewood, Colorado.
7. MAYASAN Food Industries AS
MAYASAN®, founded in 1970 to produce cheese rennet, is now a manufacturer and supplier of ingredients and equipments for the dairy industry around the world. The company has headquarters situated in Istanbul.
8. Calza Clemente SRL
Since 1934, Calza Clemente Srl is a family run business established almost 90 years ago, which deals in dairy production ingredients. It has headquarters situated in Acquanegra Cremonese, Cr
*Definition- An enzyme combination called rennet is created in ruminant mammals' stomachs. Chymosin, a protease enzyme that causes milk's casein to curdle, is its primary component. Rennet contains additional enzymes as well. They work together to improve milk's flavour.
