| Product Code: ETC7482927 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Hong Kong microbial rennet import market saw significant growth in 2024, with Japan, China, USA, Netherlands, and Denmark emerging as the top exporting countries. The market concentration, as measured by the HHI, increased from moderate to high in 2024, indicating a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 7.84%, with a notable growth rate of 106.85% from 2023 to 2024. This suggests a strong demand for microbial rennet in Hong Kong, driven by factors such as changing consumer preferences and increasing awareness of alternative rennet sources.
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 Hong Kong Microbial Rennet Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Microbial Rennet Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Microbial Rennet Market - Industry Life Cycle |
3.4 Hong Kong Microbial Rennet Market - Porter's Five Forces |
3.5 Hong Kong Microbial Rennet Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Hong Kong Microbial Rennet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Hong Kong Microbial Rennet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about lactose intolerance leading to a shift towards microbial rennet products. |
4.2.2 Growing demand for vegetarian and halal-friendly cheese production options. |
4.2.3 Rising adoption of microbial rennet by cheese manufacturers for its consistent quality and production efficiency. |
4.3 Market Restraints |
4.3.1 Limited availability and awareness of microbial rennet among small-scale cheese producers in Hong Kong. |
4.3.2 Higher initial costs associated with switching from traditional rennet to microbial rennet. |
4.3.3 Concerns about the taste and texture of cheese produced using microbial rennet compared to traditional methods. |
5 Hong Kong Microbial Rennet Market Trends |
6 Hong Kong Microbial Rennet Market, By Types |
6.1 Hong Kong Microbial Rennet Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Microbial Rennet Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Hong Kong Microbial Rennet Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.4 Hong Kong Microbial Rennet Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.5 Hong Kong Microbial Rennet Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Hong Kong Microbial Rennet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Microbial Rennet Market Revenues & Volume, By Cheese, 2021- 2031F |
6.2.3 Hong Kong Microbial Rennet Market Revenues & Volume, By Yogurt, 2021- 2031F |
6.2.4 Hong Kong Microbial Rennet Market Revenues & Volume, By Dessert, 2021- 2031F |
6.2.5 Hong Kong Microbial Rennet Market Revenues & Volume, By Others, 2021- 2031F |
7 Hong Kong Microbial Rennet Market Import-Export Trade Statistics |
7.1 Hong Kong Microbial Rennet Market Export to Major Countries |
7.2 Hong Kong Microbial Rennet Market Imports from Major Countries |
8 Hong Kong Microbial Rennet Market Key Performance Indicators |
8.1 Percentage increase in the number of cheese manufacturers using microbial rennet. |
8.2 Adoption rate of microbial rennet in the cheese production industry. |
8.3 Number of new product launches featuring microbial rennet as a key ingredient. |
9 Hong Kong Microbial Rennet Market - Opportunity Assessment |
9.1 Hong Kong Microbial Rennet Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Hong Kong Microbial Rennet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Hong Kong Microbial Rennet Market - Competitive Landscape |
10.1 Hong Kong Microbial Rennet Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Microbial Rennet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |