Rennet is an enzyme that aids in the coagulation of milk in cheese making. Traditionally, rennet was obtained from the stomach linings of calves and kids, which contain the enzyme rennin. Rennin helps calves digest milk by curdling it in the stomach. Dairy producers soon discovered they could use rennet in a similar way to produce cheese and other dairy products. However, with growing concerns over animal welfare and a diminishing supply of calf stomachs, alternatives to animal-derived rennet were sought. Today, microbial rennet produced through fermentation is the most common type used globally. It provides cheese makers with a consistent and affordable source of this essential enzyme.

Market Dynamics:

Renin market dynamics are influenced primarily by the rising global demand for cheese and other dairy products.  Driven by population growth, rising incomes, and increasing cheese consumption in developing nations, this robust demand bodes well for rennet producers. However, constraints in the supply of calf rennet could hamper market expansion. Microbial rennet manufacturers are exploring new production techniques and cost efficiencies to tackle this challenge. They are also developing organic and kosher-certified variants to tap new opportunities. Advancements in biotechnology may lead to development of plant-based or synthetic alternatives to animal-derived rennet in the coming years.

Key Features of the Study:

• This report provides in-depth analysis of the global rennet market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global rennet market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, Sacco SRL, Punature Food Ingredient Co. Ltd., and Hebei Yoko Biotech Co. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global rennet market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rennet market

Detailed Segmentation-

• By Source:
• • Animal-Derived Rennet
  • Microbial Rennet
  • Genetically Modified Rennet
• By Application
• • Cheese Production
  • Milk Clotting
  • Others (Baking, Desserts, etc.)
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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
  • Sacco SRL
  • Punature Food Ingredient Co. Ltd.
  • Hebei Yoko Biotech Co. Ltd.