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.
