Rennet Market

Rennet market: discover new datasets secured by an Ai-driven BI tool. Data include trade, exports, imports, consumption, market size, market prices, production, and companies. There is a breakdown by region, including Africa, China, Russia, the U.K., the Middle East, EU, Latin America, and the U.S. Market trends and outlook to 2030 are also provided in the snapshots.


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Rennet - World's Largest Markets

RatingCountry
1United States
2China
3India
4Italy
5Japan

In value terms, the United States, China and India constituted the countries with the highest levels of market value in 2020, with a combined 44% share of the global market.

Among the main consuming countries, India recorded the highest rates of growth with regard to market size, over the period under review, while rennet market for the other global leaders experienced more modest paces of growth.

Rennet Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Brazil228823821913-8.6%
China12926215513218-50.1%
Germany555454935288-2.4%
Turkey48575135685418.8%
Netherlands6489654072775.9%
Austria1007381677558-13.4%
Poland10684107168978-8.3%
Japan1036199839599-3.7%
Denmark12666104269662-12.7%
France991910596113206.8%
Italy139531281913077-3.2%
Average970187038498-6.4%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($13,077 per ton), while Brazil ($1,913 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Brazil223811941520681-3.9%
Italy1278311759140484.8%
United States984775361303715.1%
Poland12356993110113-9.5%
Romania9004827095553.0%
Spain1104398418398-12.8%
Argentina10513106558369-10.8%
Germany817573847916-1.6%
Turkey772292127467-1.7%
United Kingdom880780587190-9.6%
Denmark5327538356663.1%
Netherlands726770564583-20.6%
Georgia159114981420-5.5%
Average943986868900-2.9%

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($20,681 per ton), while Georgia ($1,420 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Rennet - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Denmark15172014.1%
Brazil9.17.99.73.5%
Italy9.57.98.9-2.8%
United States118.67.5-16.5%
Romania0.50.57.3266.4%

In value terms, Denmark ($20M) constitutes the largest market for imported rennet and concentrates thereof worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Brazil ($9.7M), with a 7.6% share of global imports. It was followed by Italy, with a 7% share.

In Denmark, rennet imports expanded at an average annual rate of +14.1% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Brazil (+3.5% per year) and Italy (-2.8% per year).

Rennet - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Denmark6257620.6%
Germany1516150.8%
Turkey5.35.66.611.5%
Japan6.75.46.3-3.2%
Italy6.76.55.6-8.3%

In value terms, Denmark ($62M) remains the largest rennet supplier worldwide, comprising 51% of global exports. The second position in the ranking was occupied by Germany ($15M), with a 12% share of global exports. It was followed by Turkey, with a 5.3% share.

In Denmark, rennet exports remained relatively stable over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (+0.8% per year) and Turkey (+11.5% per year).

Rennet - Market Forecast

Driven by increasing demand for rennet worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Rennet - Product Coverage

  • HS 350710 - Enzymes; rennet and concentrates thereof
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World - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global rennet market.

Middle East - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in the Middle East.

Eastern Asia - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Eastern Asia.

Central Asia - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Central Asia.

South-Eastern Asia - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in South-Eastern Asia.

Southern Asia - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Southern Asia.

Northern America - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Northern America.

Latin America and the Caribbean - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Latin America and the Caribbean.

Australia and Oceania - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Australia and Oceania.

Africa - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rennet market in Africa.

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