Market Outlook
The enzyme-modified cheese is achieved by incubating milk proteins and lipids with the help of certain enzymes and maintaining it under controlled conditions. The enzymes needed in the cheese modification are proteinases, peptidases, lipases, and esterases. The EMC or enzyme modified cheese is used to add flavor to the existing cheese or to add characteristics to the cheese and other food products. The use of enzyme modified cheese has increased largely in the food industry across the globe. The global enzyme modified cheese market is rising at a rapid pace. A large number of manufacturers are entering the global enzyme modified cheese market. This has led to huge competition in the market. With rising competition, manufacturers are coming up with competitive market prices. The countries that are driving the enzyme modified cheese market are the US, Denmark, Iceland, Ireland, Finland, France, Germany, and the Netherlands. Some of the market participants in the global enzyme modified cheese market include Kerry Inc., Aarkay Food Products, Ltd., Kanegrade Ltd., C.P. Ingredients Ltd., Flaverco Ltd., The Edlong Corporation, Blends Holdings Ltd., DairyChem Inc., and Flavorjen Ltd.
Increase in the Cheese Consumption Is Driving the Enzyme Modified Cheese Market
The principal driver of the enzyme modified cheese market is the increase in worldwide cheese consumption. There is a significant rise in the innovations in the food industry which is supporting the growth of the enzyme modified cheese market at large. Moreover, due to globalization people across the globe have been able to taste the global food dishes, which is also largely driving the enzyme modified cheese market. There is a noteworthy difference in the change in the consumers’ tastes worldwide which is one of the factors that is supporting the market growth of the enzyme modified cheese. Furthermore, a large number of consumers across the globe are keen to explore the new dishes which is fostering the global enzyme modified cheese market. Adaptation of western culture in the developing countries is also one of the factors which are helping to raise the overall enzyme modified cheese market.
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Global Enzyme Modified Cheese: Market Segmentation
On the basis of nature, the enzyme-modified cheese market is segmented as:
- Organic
- Conventional
On the basis of the form, the enzyme-modified cheese market is segmented as:
- Powder
- Paste
On the basis of the application, the enzyme-modified cheese market is segmented as:
- Dairy products
- Bakery
- Fast food
- Biscuits
- Sauces
- Dips and dressings
On the basis of the type, the enzyme-modified cheese market is segmented as:
- Cheddar
- Parmesan
- Swiss
- Gouda
- Blue
- Mozzarella
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Global Enzyme Modified Cheese Market: Key Players
Some of the key players in the global enzyme modified market are Stringer Flavours Limited, All American Foods Inc., Aarkay Food Products Ltd., Kanegrade Ltd., C.P. Ingredients Ltd., Flaverco Ltd., The Edlong Corporation, Kerry Inc., Blends Holdings Ltd., DairyChem Inc., Flavorjen Ltd., Uren Food Group Limited, HL Commodity Food Limited, Vika B.V., Sunspray Food Ingredients Ltd., Gamay Food Ingredients, Winona Foods, Flanders Dairy Products, Ornua Ingredients UK Limited, and Jeneil Biotech Inc. These companies have worldwide presence in the markets of America (USA, Canada, Mexico, Brazil, and other countries), Europe (UK, France, Italy, Germany, Spain, Greece, and rest of the Europe), Africa (South Africa, Algeria, Morocco, and Nigeria), Middle East (UAE, Saudi Arabia, Oman, and Qatar), Asia Pacific (Singapore, Indonesia, Malaysia, Vietnam, Thailand, Australia, and New Zealand), and Far East (Japan, Taiwan, and South Korea). Recently, Kerry Inc. had acquired Ariake USA which is a North American subsidiary of Ariake Japan Co. and Southeastern Mills North American, a coatings and seasonings business. This will expand the company’s operations in the market.
Opportunities for Market Participants
There is a significant rise in the worldwide food and beverages industry which have rendered the manufacturers of enzyme modified cheese huge opportunities in the food and beverages industry. The manufacturers have great opportunities as consumers across the globe are demanding better tastes and quality in the cheese. The per capita income has significantly risen due to which consumers are keen to spend money on the food products which gives manufacturers opportunities in the enzyme modified cheese market. The manufacturers also have huge opportunities in the market as the food and beverages industry is continuously growing with new flavors, dishes, and tastes across the world. There is a noteworthy increase in the consumption of dairy products across the world which renders manufactures of enzyme modified cheese a great market to cater to.
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The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.
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