Market Size of India Food Enzymes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Food Enzyme Market Analysis
The India Food Enzymes Market is expected to register a CAGR of 3.8% during the forecast period.
The market is witnessing rapid growth due to the increasing demand for processed food in the country and the wide applications of enzymes in the processed food industry. Moreover, innovation in food technology in the country and increasing awareness about better-quality products being manufactured by utilizing enzymes are further driving the market. For instance, DSM has launched a new range of baking enzymes, specifically formulated for gluten-free applications, that improve the softness and moistness of bread. These enzymes are also used in further applications, such as corn tortillas, rye bread, and white bread. The rapid growth of India's food, beverage, and pharmaceutical industries has supported this expansion, and the demand for food enzymes is eventually expected to surpass the demand for industrial enzymes. The majority of these businesses either specialize in marketing or formulations of food enzymes. However, a small number of local and international businesses in India produce enzymes utilized in a variety of sectors, including the pharmaceutical and food processing industries. These businesses produce a range of enzymes as well as other environmentally friendly biological products. The availability of products and services is expanding quickly as the usage of enzymes becomes more accepted across the nation.
In the wine industry, cellulase is combined with other enzymes such as pectinase, which offers many advantages such as better quality and stability of the wine, clarification, color development, and improved maceration. According to Agriculture and Agri-Food Canada, India consumed roughly 34 million liters of wine in 2021. Out of this, the South Asian nation consumed approximately 18 million liters of light grape wine. Since a few years ago, the Indian wine industry has been growing quickly due to its health benefits and better distribution network. This is expected to help the carbohydrase enzyme segment grow over the next few years.
In the wine industry, cellulase is combined with other enzymes such as pectinase, which offers many advantages such as better quality and stability of the wine, clarification, color development, and improved maceration. According to Agriculture and Agri-Food Canada, India consumed roughly 34 million liters of wine in 2021. Out of this, the South Asian nation consumed approximately 18 million liters of light grape wine. Since a few years ago, the Indian wine industry has been growing quickly due to its health benefits and better distribution network. This is expected to help the growth of the carbohydrase enzyme segment over the next few years.
India Food Enzyme Industry Segmentation
Food enzymes are protein molecules that are safe for ingestion and are utilized by the food industry throughout food production to increase the food's safety, quality, and process effectiveness. The India food enzymes market is classified according to type and application. Based on product type, the market is segmented into carbohydrases, proteases, lipases, and other types. By application, the market is segmented into bakery, confectionery, dairy, and frozen desserts; meat, poultry, and seafood products; beverages; and other applications. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
Type | |
Carbohydrases | |
Proteases | |
Lipases | |
Other Types |
Application | |
Bakery | |
Confectionery | |
Dairy and Frozen Desserts | |
Meat Poultry and Sea Food Products | |
Beverages | |
Other Applications |
India Food Enzymes Market Size Summary
The India Food Enzymes Market is experiencing significant growth, driven by the increasing demand for processed foods and the diverse applications of enzymes within this sector. The market is benefiting from advancements in food technology and heightened awareness of the quality improvements that enzymes can bring to food products. Companies like DSM are innovating by introducing specialized enzymes, such as those for gluten-free baking, which enhance the texture and quality of various baked goods. The expansion of India's food, beverage, and pharmaceutical industries is further propelling the demand for food enzymes, with a notable shift towards these enzymes over industrial counterparts. The market is characterized by a mix of local and international players, focusing on both the marketing and formulation of enzymes, as well as the production of environmentally friendly biological products.
The processed foods segment has seen a notable increase, influenced by changing consumer lifestyles and a growing preference for convenience foods. Enzymes play a crucial role in food production, offering technological benefits such as improved flavor, texture, and shelf life. The bakery segment, in particular, stands out as the largest application area for enzymes, with a rising demand for bakery products driving market growth. The Indian wine industry is also contributing to the market's expansion, with enzymes like cellulase and pectinase enhancing wine quality and stability. The competitive landscape is marked by strategic mergers and product innovations among key players such as DSM, Novozymes, and International Flavors & Fragrances, who are focusing on developing enzymes for gluten-free products, dietary supplements, and dairy applications.
India Food Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Carbohydrases
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2.1.2 Proteases
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2.1.3 Lipases
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2.1.4 Other Types
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2.2 Application
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2.2.1 Bakery
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2.2.2 Confectionery
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2.2.3 Dairy and Frozen Desserts
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2.2.4 Meat Poultry and Sea Food Products
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2.2.5 Beverages
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2.2.6 Other Applications
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India Food Enzymes Market Size FAQs
What is the current India Food Enzymes Market size?
The India Food Enzymes Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in India Food Enzymes Market?
Koninklijke DSM N.V., Novozymes A/S, Advanced Enzyme Technologies Limited, Lumis Biotech Pvt. Ltd. and International Flavors & Fragrances are the major companies operating in the India Food Enzymes Market.