Cyprus Rennet Market (2025-2031) | Forecast, Analysis, Size, Value, Industry, Outlook, Segmentation, Growth, Companies, Share, Revenue & Trends

Market Forecast By Type (Animal-derived Rennet, Microbial Rennet, Fermentation Produced Chymosin Rennet, Vegetable Rennet), By Form (Liquid, Powder, Paste), By End-Users (Food & Beverages, Pharmaceuticals, Industrial, Chemicals, Others), By Sales Channel (Online, Offline) And Competitive Landscape
Product Code: ETC5046310 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sachin Kumar Rai No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Cyprus Rennet Market Import Shipment by Countries (Top 5) & Competition (HHI)

Cyprus continued to rely on key suppliers for rennet imports in 2024, with Greece, USA, Netherlands, Belgium, and Germany leading the way. Despite a high concentration of supply in 2023, the Herfindahl-Hirschman Index (HHI) remained at a concerning level in 2024. The industry experienced impressive growth with a compound annual growth rate (CAGR) of 10.84% from 2020 to 2024. However, there was a sharp decline in growth rate from 2023 to 2024, indicating potential challenges or shifts in the market dynamics. Monitoring the market concentration and exploring diversification strategies may be crucial for stakeholders in the Cyprus rennet import sector.

Cyprus Rennet Market Import Shipment by Countries (Top 5) & Competition (HHI)

Rennet Market: Cyprus vs Top 5 Major Economies in 2027 (Europe)


Cyprus's Rennet market is anticipated to experience a stable growth rate of 1.60% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

Rennet Market: Cyprus vs Top 5 Major Economies in 2027 (Europe)

Cyprus Rennet Market Overview

The Rennet market in Cyprus is an integral part of the dairy industry, particularly in cheese production. Rennet, an enzyme used to curdle milk, plays a critical role in the cheese-making process. The increasing popularity of cheese varieties and the rise of artisanal cheese production are driving demand for rennet in Cyprus. Additionally, the trend towards natural and organic food products is influencing consumer preferences, leading to a rise in the use of animal- and plant-based rennet alternatives. The market is expected to grow as dairy producers adapt to evolving consumer demands and production practices.

Drivers of the market

The Rennet Market in Cyprus is driven by the increasing demand for cheese production, as rennet is a key ingredient in cheese-making processes. The rise in consumer preferences for natural and artisanal cheese products is boosting the demand for rennet. Additionally, the growth of the dairy industry and the expansion of cheese production facilities are significant factors propelling this market. Innovations in rennet production, including the development of microbial and vegetable-based rennet, are also shaping the market landscape.

Challenges of the market

The Rennet market in Cyprus is challenged by the small size of the dairy industry, which limits local demand for rennet. Additionally, the market is highly dependent on imports, which can lead to supply chain issues and fluctuations in pricing. The rising trend of plant-based diets and alternative proteins also poses a challenge to traditional rennet producers, as demand for dairy products decreases. Furthermore, ensuring the quality and consistency of rennet, especially in artisanal cheese production, can be difficult due to varying regulatory standards and production methods.

Government Policy of the market

The government of Cyprus plays a significant role in regulating the Rennet market, particularly in relation to food safety and quality standards. Policies are designed to ensure that all dairy products, including cheese made using rennet, meet stringent health regulations. The Cyprus Ministry of Health and the Department of Veterinary Services establish guidelines for the production and use of rennet, promoting transparency and consumer safety. Additionally, initiatives to support the dairy industry, such as subsidies and grants for modernizing production processes, encourage the use of high-quality ingredients, including natural and organic rennet options. The government`s focus on promoting local dairy production and encouraging artisanal cheese makers aligns with broader objectives of enhancing the quality and variety of Cypriot cheeses in both local and international markets.

Key Highlights of the Report:

  • Cyprus Rennet Market Outlook
  • Market Size of Cyprus Rennet Market, 2024
  • Forecast of Cyprus Rennet Market, 2031
  • Historical Data and Forecast of Cyprus Rennet Revenues & Volume for the Period 2021-2031
  • Cyprus Rennet Market Trend Evolution
  • Cyprus Rennet Market Drivers and Challenges
  • Cyprus Rennet Price Trends
  • Cyprus Rennet Porter`s Five Forces
  • Cyprus Rennet Industry Life Cycle
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Animal-derived Rennet for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Microbial Rennet for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Fermentation Produced Chymosin Rennet for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Vegetable Rennet for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Form for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Liquid for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Powder for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Paste for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By End-Users for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Food & Beverages for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Chemicals for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Sales Channel for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Online for the Period 2021-2031
  • Historical Data and Forecast of Cyprus Rennet Market Revenues & Volume By Offline for the Period 2021-2031
  • Cyprus Rennet Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By End-Users
  • Market Opportunity Assessment By Sales Channel
  • Cyprus Rennet Top Companies Market Share
  • Cyprus Rennet Competitive Benchmarking By Technical and Operational Parameters
  • Cyprus Rennet Company Profiles
  • Cyprus Rennet Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Cyprus Rennet Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Cyprus Rennet Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Cyprus Rennet Market Overview

3.1 Cyprus Country Macro Economic Indicators

3.2 Cyprus Rennet Market Revenues & Volume, 2021 & 2031F

3.3 Cyprus Rennet Market - Industry Life Cycle

3.4 Cyprus Rennet Market - Porter's Five Forces

3.5 Cyprus Rennet Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Cyprus Rennet Market Revenues & Volume Share, By Form, 2021 & 2031F

3.7 Cyprus Rennet Market Revenues & Volume Share, By End-Users, 2021 & 2031F

3.8 Cyprus Rennet Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F

4 Cyprus Rennet Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Cyprus Rennet Market Trends

6 Cyprus Rennet Market Segmentations

6.1 Cyprus Rennet Market, By Type

6.1.1 Overview and Analysis

6.1.2 Cyprus Rennet Market Revenues & Volume, By Animal-derived Rennet, 2021-2031F

6.1.3 Cyprus Rennet Market Revenues & Volume, By Microbial Rennet, 2021-2031F

6.1.4 Cyprus Rennet Market Revenues & Volume, By Fermentation Produced Chymosin Rennet, 2021-2031F

6.1.6 Cyprus Rennet Market Revenues & Volume, By Vegetable Rennet, 2021-2031F

6.2 Cyprus Rennet Market, By Form

6.2.1 Overview and Analysis

6.2.2 Cyprus Rennet Market Revenues & Volume, By Liquid, 2021-2031F

6.2.3 Cyprus Rennet Market Revenues & Volume, By Powder, 2021-2031F

6.2.4 Cyprus Rennet Market Revenues & Volume, By Paste, 2021-2031F

6.3 Cyprus Rennet Market, By End-Users

6.3.1 Overview and Analysis

6.3.2 Cyprus Rennet Market Revenues & Volume, By Food & Beverages, 2021-2031F

6.3.3 Cyprus Rennet Market Revenues & Volume, By Pharmaceuticals, 2021-2031F

6.3.4 Cyprus Rennet Market Revenues & Volume, By Industrial, 2021-2031F

6.3.5 Cyprus Rennet Market Revenues & Volume, By Chemicals, 2021-2031F

6.3.6 Cyprus Rennet Market Revenues & Volume, By Others, 2021-2031F

6.4 Cyprus Rennet Market, By Sales Channel

6.4.1 Overview and Analysis

6.4.2 Cyprus Rennet Market Revenues & Volume, By Online, 2021-2031F

6.4.3 Cyprus Rennet Market Revenues & Volume, By Offline, 2021-2031F

7 Cyprus Rennet Market Import-Export Trade Statistics

7.1 Cyprus Rennet Market Export to Major Countries

7.2 Cyprus Rennet Market Imports from Major Countries

8 Cyprus Rennet Market Key Performance Indicators

9 Cyprus Rennet Market - Opportunity Assessment

9.1 Cyprus Rennet Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Cyprus Rennet Market Opportunity Assessment, By Form, 2021 & 2031F

9.3 Cyprus Rennet Market Opportunity Assessment, By End-Users, 2021 & 2031F

9.4 Cyprus Rennet Market Opportunity Assessment, By Sales Channel, 2021 & 2031F

10 Cyprus Rennet Market - Competitive Landscape

10.1 Cyprus Rennet Market Revenue Share, By Companies, 2024

10.2 Cyprus Rennet Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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