India Food Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Enzyme Manufacturing Companies in India and is Segmented by Type (Carbohydrases, Proteases, Lipases, and Other Types); and by Application (Bakery, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, Beverages, and Other Applications)

India Food Enzyme Market Size

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India Food Enzymes Market Summary
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

India Food Enzymes Market 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 Market Trends

This section covers the major market trends shaping the India Food Enzymes Market according to our research experts:

Rising Demand for Processed Food

The processed foods segment has witnessed a significant rise in the market in recent years, owing to changes in lifestyle patterns of consumers and a strong influence on the consumption of convenience foods. Since ancient times, enzymes have been utilized unwittingly in manufacturing, such as while creating bread. They can be obtained either through fermentation from microorganisms or extraction from plants or animals. Although they may contain various amounts of the other naturally occurring components of these three sources, they are typically refined. Food enzymes are typically added to foods to fulfill a technological need during food production, processing, preparation, and treatment. Enzymes are used to disassemble a fruit's structure so that producers can extract more juice or to convert starch into sugar in the production of alcohol. According to the India retail and e-commerce report, published by Unicommerce, India's food and grocery retail market had a value of USD 528.7 billion in the fiscal year 2022. As a result, the food enzymes market has expanded in tandem with the nation's food and beverage industry.

One of the major factors driving the food additives market's growth is the rising demand for convenience and processed foods such as ready-to-eat foods, ready-to-drink beverages, snacks, frozen meals, and others. Consumers are demanding healthy food products along with variety in taste. Hence, several processed foods that are rich in fiber, protein, and calcium and are considered suitable for diabetic people are being marketed to attract more consumers. Functional properties, such as gluten-free, cholesterol-free, GMO-free, low-sodium, etc., are attributes of these products. Food and beverage enzymes are mainly produced from microbial sources because of their low cost and high productivity. The functional characteristics of food enzymes, such as digestion, softening, and anti-staling, are expected to drive the market's growth. There is a tremendous demand for bakery and dairy products, such as biscuits, bread, cakes, cheese, and yogurt. Notably, the bakery has the highest enzyme application in the country. Hence, the growth in processed food demand, owing to food retail chains' growth and convenience, has invariably helped the increase in demand for enzyme application.

Food Enzymes Market: Sales Value of Packaged Baked Goods, in USD Billion, India, 2016-2021

Acquisitive Demand for Enzymes in the Bakery Industry

The bakery segment has the highest enzyme application in the country, and its market is projected to grow in the forecast period. Also, in recent years, enzymes have assumed an even more significant role in baking due to restrictions on the use of chemical additives, especially in the manufacture of bread and other fermented products. Furthermore, focusing on the bakery enzyme for gluten-free products is the key area of the company's new product developments. Also, the wide range of applications of food enzymes, such as the preservation of the freshness, safety, taste, appearance, and texture of processed foods, have been propelling the market. Enzymes, such as asparaginase, help reduce the toxic acrylamide content in bakery products, while some enzymes act as anti-staining agents in bread and cakes and increase the product's shelf life. Furthermore, manufacturing and exports of bakery products from India have increased in recent years, paving the way for the food enzyme market to expand across the country. For instance, according to UN Comtrade data, the export value of bakery products increased from USD 346.86 million in 2020 to USD 407.64 million in 2021. Hence, the increase in demand for bakery products has consistently helped the rise in demand for enzyme applications.

Food Enzymes Market: Sales Volume of Baked Goods, in Million Metric Tons, India, 2016-2021

India Food Enzyme Industry Overview

The food enzymes market in India is naturally competitive, with a large number of domestic and multinational players competing for market share. The major players typically use corporate strategies such as product innovation, mergers, and acquisitions in order to strengthen their presence in the market studied. Focus on bakery enzymes for gluten-free products, digestive enzymes for dietary supplements, and dairy enzymes are the key focus areas of the company's new product development. Key players dominating the country's market include Koninklijke DSM N.V., Novozymes A/S, Advanced Enzyme Technologies Limited, Lumis Biotech Pvt. Ltd., and International Flavors & Fragrances.

India Food Enzyme Market Leaders

  1. Koninklijke DSM N.V.

  2. Novozymes A/S

  3. Advanced Enzyme Technologies Limited

  4. Lumis Biotech Pvt. Ltd.

  5. International Flavors & Fragrances

*Disclaimer: Major Players sorted in no particular order

India Food Enzymes Market  Concentration
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India Food Enzyme Market News

  • December 2022: Danish food ingredient and enzyme makers Novozymes and Chr. Hansen agreed to merge. In comparison, both firms produce enzymes, Chr. Hansen focuses on enzymes and microbials for the food industry, and Novozymes' major business areas include enzymes for household products, food and beverages, and biofuels.
  • February 2021: International Flavors & Fragrances merged with DuPont's Nutrition and Biosciences Business. The combined company continues to operate under the name IFF. The merger solidified IFF's place as one of the most prominent players in the ingredients space.
  • January 2021: A new enzyme "Formea Prime" was launched by Novozymes globally, the enzyme was developed for high-protein beverages. Formea Prime was created by Novozymes to assist beverage manufacturers and brands in overcoming the common formulation hurdles that might arise when employing whey protein hydrolysates, notably in ready-to-drink (RTD) protein beverages.

India Food Enzyme Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Carbohydrases

      2. 5.1.2 Proteases

      3. 5.1.3 Lipases

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Dairy and Frozen Desserts

      4. 5.2.4 Meat Poultry and Sea Food Products

      5. 5.2.5 Beverages

      6. 5.2.6 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Leading Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Koninklijke DSM N.V.

      2. 6.3.2 Novozymes A/S

      3. 6.3.3 Advanced Enzyme Technologies Limited

      4. 6.3.4 Lumis Biotech Pvt. Ltd.

      5. 6.3.5 International Flavors & Fragrances

      6. 6.3.6 Kerry Group PLC

      7. 6.3.7 Noor Enzymes

      8. 6.3.8 Nature BioScience Pvt. Ltd.

      9. 6.3.9 Maps Enzymes Ltd.

      10. 6.3.10 Infinita Biotech Private Limited

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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
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India Food Enzyme Market Research FAQs

The India Food Enzymes Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)

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.

The report covers the India Food Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Food Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Food Enzyme Industry Report

Statistics for the 2024 India Food Enzyme market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Food Enzyme analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Food Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)