The dairy enzymes market is estimated at USD 519.4 Million in 2017, and is projected to reach USD 734.6 Million by 2022, at a CAGR of 7.18% during the forecast period. The market is driven by factors such as increasing consumption of dairy products such as cheese and yogurt, growing demand for low-lactose and lactose-free dairy products, and environmental benefits associated with enzymes.
The key players profiled in the dairy enzymes market, which have a strong global presence, include DowDuPont (US), DSM (Netherlands), Chr. Hansen (Denmark), Novozymes (Denmark), Advanced Enzymes Technologies (India), Kerry Group (Ireland), Amano Enzymes (Japan), Fytozimus Biotech (Canada), Enmex (Mexico), SternEnzym (Germany), Biocatalysts (UK), and Connell Bros (US).
Factors such as the presence of major players in the US, high awareness about food and dietary supplements, and significant demand for dairy enzymes from the feed industry will drive the market growth in North America.
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