GITNUX MARKETDATA REPORT 2024

Rennet Industry Statistics

Rennet industry statistics indicate steady growth in revenue due to increasing demand from the dairy and cheese production sectors.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we present a detailed analysis of the global rennet industry, providing key statistics and projections that shed light on the market trends and dynamics. With insights ranging from market revenue forecasts to regional market dominance, this data-driven overview offers a comprehensive look at the current state and future prospects of the rennet sector.

Statistic 1

"The global rennet market revenue is expected to achieve $310.6 million by the end of 2025."

Statistic 2

"More than 65% of cheese is currently made using rennet and its derivatives."

Statistic 3

"Online sales of rennet accounted for 30% total market sales in 2019."

Statistic 4

"By 2027, the liquid Rennet product segment is projected to reach a market size of $610 million."

Statistic 5

"Europe dominates the global rennet market, accounting for a share of over 35% in 2020."

Statistic 6

"Rennet usage in cheese production is expected to increase at a CAGR of 4% from 2020 to 2025."

Statistic 7

"In 2019, 75% of the rennet produced worldwide was microbial rennet."

Statistic 8

"In 2019, the animal-based rennet market size was valued at $160 million."

Statistic 9

"The global rennet market size was estimated at $239 million in 2018."

Statistic 10

"The global rennet market is expected to continue to be influenced by a ram of macroeconomic and industry specific factors such as increased global cheese consumption."

Statistic 11

"Over 90% of cheese in supermarkets is made from Chymosin (also derived from rennet)."

Statistic 12

"The market for microbial rennet is expected to expand at a CAGR of around 6% from 2020 to 2025."

Statistic 13

"North America is predicted to be the key regional market for rennet with market size predicted to acquire 25% uptick by 2025-end."

Statistic 14

"The rennet industry growth rate through 2025 is expected to be driven by increased consumer preference for natural and vegan food products."

Statistic 15

"Global animal rennet market is expected to register a flat growth rate during the forecast period 2022 to 2027."

Statistic 16

"By 2025, the plant rennet market is expected to soar and reach USD 81.3 million."

Statistic 17

"Animal-derived rennet is valued as a significant contributor and accounted for a 35% market share in 2019."

Statistic 18

"The Asia-Pacific rennet market growth from 2021 to 2026 was driven by increasing adoption in cheese types such as "Pizza cheese"."

Statistic 19

"Majority of microbial Rennet (up to 70%) is produced in Europe and America."

In conclusion, the global rennet industry is poised for significant growth in the coming years, driven by increasing consumer demand for natural and vegan food products. Key insights include the dominance of Europe in the market, the rising popularity of microbial rennet, and the projected expansion of plant-based rennet. The statistics indicate a shift towards more sustainable and ethically sourced rennet options, with regions like North America and Asia-Pacific expected to play a crucial role in the industry’s development. It is clear that the rennet market is evolving in response to changing consumer preferences and market dynamics, presenting opportunities for further market expansion and innovation in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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