Rennet Market Research Report—Forecast till 2023 2 Market Overview Increasing consumption of milk-based products and advancements in food technology are expected to drive the global rennet market during the forecast period. Rennet is majorly found in the gut of calves and other ruminant mammals. Global market for rennet is growing due to its major application in the production of cheese where rennet helps in the coagulation of casein and trapping fat globules to give the formed structure to cheese. Global usage of rennet by food manufacturers is highly driven by the consumption of cheese across the globe. Cheese is one of the most widely consumed dairy products since it is an excellent dietary source of high-quality protein, vitamins and minerals such as absorbable dietary calcium along with its disctinctive taste. High consumption of cheese in culinary including bakery and snacks is expected to further propel the growth of rennet during the forecast period. Regional Analysis: Globally, Europe is expected to dominate the rennet market due to the high consumption of cheese across the region. Wide use of rennet driven by high production of cheese in countries such as Norway, Italy, France, Finland, and Switzerland are expected to boost the regional rennet market during the forecast period. Healthy dairy based snacking, high inclination for health and wellness, and health benefits of cheese consumption are further driving the regional demand for rennet among food manufacturers. The rennet market in Asia-Pacific is projected to record the highest CAGR during the review period due to the growing consumption of cheese in various cross-cultural food preparations such as pizza and pasta. Changing eating preference and growing dairy business in growing nations of the region such as India and China are expected to boost the growth of the regional rennet market during the forecast period. Page | 3 Copyright © 2017 Market Research Future.