Report Overview

India Food Enzymes Market - Industry Trends & Forecast Report, 2028

India Food Enzymes Market is expected to grow at a CAGR of 5.7% during the forecast period (2022–2028). Main drivers of the market's expansion are a booming food processing sector and rising consumer interest in nutritional goods. Demand for nutrient-dense, high-quality foods and beverages is rising. Consumer shift toward natural, organic, and chemical-free foods has also increased the uptake of food enzymes. Additionally, the market growth is being aided by the rising demand for frozen and processed food products. Due to their changing lifestyles and hectic schedules, consumers are increasingly choosing convenience and on-the-go food products. The use of food enzymes in the beverages industry has also increased as beverage consumption, including alcoholic and non-alcoholic beverages, has increased. Fruit and vegetable juices are extracted using a variety of food enzymes. They are used in the wine industry for the purposes of clarification, filtration, and boosting juice yield. In addition, extensive research and development (R&D) projects aimed at reducing waste and improving food security and safety are driving the expansion of India food enzymes market.

Food Enzymes - Overview

Food enzymes are biocatalysts used to convert complex nutrients, such as proteins, carbohydrates, fats, and vitamins into simpler ones. Protease, amylase, and lipase enzymes are also used to preserve, coagulate, and tenderize dairy, bakery, and beverage products. They are mainly produced using plants, animals, and microbes like yeast through the fermentation process, which helps to improve the flavor, texture, and fragrance of the products. These sources help in improving food's nutritional value and create appealing aromas in a variety of edible products.

India Food Enzymes Market Forecast and Trends

Growth Drivers

Growing demand for processed food

Due to changing consumer lifestyles and a significant impact on the consumption of convenience foods, the processed food market has seen a significant increase in recent years. Additionally, consumers want a variety of tastes in their food as well as products that are healthy. As a result, many players are marketing a number of processed foods that are high in calcium, fiber, and protein as they are thought to be suitable for diabetics. These products' functional qualities include being free of gluten, cholesterol, GMOs, and sodium.

High demand for enzymes from bakery industry

The bakery industry has the most enzyme applications in India, and its market is expected to grow over the forecast period. Furthermore, due to restrictions on the use of chemical additives, particularly in the manufacture of bread and other fermented products, enzymes have assumed an even more significant role in baking in recent years. The bakery enzyme for gluten-free products is companies’ main focus for new product development. Food enzyme manufacturers expect an increased demand for enzymes from food manufacturers to maintain the freshness, safety, taste, appearance, and texture of processed foods. While some enzymes act as anti-staling agents in bread and cakes and lengthen the shelf life of the product, others, like asparaginase, aid in lowering the toxic acrylamide content in bakery products. As a result, the rising demand for enzyme applications has consistently been aided by the increasing demand for bakery goods.

Increasing awareness about food’s nutritional value

Knowledge of nutrient-dense foods is increasing quickly, due to the availability of information on Internet. Deepening penetration of mobile internet due to increasing use of smartphones has enabled users to gain knowledge on the nutritional values of foods they consume. Governments’ efforts to educate rural population about nutrition, the rise in the number of educated people and working women, and the lack of time for food preparation have all contributed to the demand for nutrient-dense food. The introduction of new food categories, exposure to western products, and an increase in nuclear families coincide with an increase in population in Asian countries including India, which increases the demand for nutrient-dense foods. All of these factors contribute to the increase in demand for food enzymes from producers of nutrient-dense food products because these products have high nutritional value and aid in both food digestion and the breakdown of consumed food into essential proteins, fats, and carbohydrates for optimum nutrition. Additionally, population is constantly shifting toward food categories with more value-added ingredients, and their pursuit of health and wellness is having a significant impact on food’s nutritional values. It results in consumers’ growing preference for nutrient-dense, healthy food. This, in turn, drives food processors to produce more of it. This growing trend is expected to fuel the growth of India food enzymes market.

Restraints

Effects of temperature and pH on enzymes

Food enzyme activity is significantly influenced by local environmental factors. Reaction rate is drastically reduced when the temperature is lowered, but the food enzyme is rendered inactive by thermal agitation because it is denatured (its structure is damaged). Activity of the food enzyme is also decreased when the pH is changed outside of its functional range, and this can eventually result in permanent denaturation. There is still a long way to go before using enzymes in all food and beverage manufacturing processes, despite the food enzyme industry's efforts to create enzymes that can function in a wide temperature and pH range.

Impact of COVID-19 on India Food Enzymes Market

Due to the COVID-19 outbreak, the supply chain was disrupted by the nationwide lockdown and ongoing restrictions, which presented difficulties for producers in the food enzymes market. The market is being driven by fierce competition, pricing issues, and changing consumer preferences. As food enzymes are used in a variety of industries, such as brewing, fruit juice, and cheese production, India food enzymes market is expanding amid COVID-19 pandemic. The need to ensure food security and safety is driving the demand for packaged and processed foods. However, to maintain nutritional value and shelf life, food additives must be added due to the complexity of the food supply chain. In addition, India food enzymes market is being driven by the growing presence of organized retail in both urban and rural areas across the country.

India Food Enzymes Market - By Type

Based on type, India food enzymes market is segmented into Carbohydrases, Lipases, Proteases, and Others. Carbohydrase held the highest share in India food enzymes market. They are further subdivided into amylase, cellulase, lactase, pectinase, hemicellulase, and other enzymes like galactosidase and glucomylases. Carbohydrase's high market share is primarily due to increased applications in the beverage and dairy industries, as well as technological advances. However, lipase is expected to grow at the fastest CAGR during the forecast period due to its low extraction cost, growing demand from dairy manufacturers, ease of handling, and favorable properties, such as high temperature and solvent stability, wide pH range, and broad substrate tolerance.

India Food Enzymes Market – By Application

Based on application, India food enzymes market is segmented into Bakery, Beverages, Confectionery, Dairy and Frozen Desserts, Meat Poultry and Sea Food Products, and Others. The dairy and frozen desserts application segment is expected to grow at the fastest, as food enzymes are used in dairy fermented products as well as the process of converting milk to lactic acid and coagulated milk to curd. Amylase, lipase, and protease are important food enzymes for dairy and frozen desserts as they help to degrade milk into monomeric molecules, such as oligosaccharides, amino acids, and fatty acids, which are the main molecules responsible for cheese flavors. Also, rising milk output, increasing trend of eating healthier food products, increased health awareness, and a growing lactose-intolerant population influence the dairy segment to grow fastest during the forecast period.

India Food Enzymes Market - By Region

Geographically, India food enzymes market is segmented into North India, Central and West India, South India, and East India.

Competitive Landscape

Leading players in India food enzymes market include Advanced Enzyme Technologies, Anthem Cellutions Ltd., Koninklijke DSM NV, Lumis Enzymes, Maps Enzymes Ltd., and Novozymes AS. India food enzymes market is highly fragmented with the presence of several manufacturing companies. The market leaders retain their supremacy by spending on research and development, incorporating innovative technology into their goods, and releasing upgraded items for customers. These companies follow various strategies, including strategic alliances, agreements, mergers, and partnerships, to expand their reach in India food enzymes market.

Scope of the Report

By Type

• Carbohydrases
• Lipases
• Proteases
• Others

By Application

• Bakery
• Beverages
• Confectionery
• Dairy and Frozen Desserts
• Meat Poultry and Sea Food Products
• Others

By Source     

• Animals
• Microorganisms
• Plants

By Region

• North India
• Central and West India
• South India
• East India

1. Research Framework
   1. Research Objective
   2. Market Overview
   3. Market Segmentation
2. Executive Summary
3. India Food Enzymes Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Demand for high-performance, environmentally friendly manufacturing processes
         2. Growing demand for processed foods
         3. Innovative developments in biotechnology
      2. Restraints
         1. Effects of temperature and pH on enzymes
         2. Excessive costs associated with research and development activities
      3. Opportunities
         1. Increasing involvement of enzymes in protein engineering
         2. Increased awareness of nutritional needs
         3. India rising to become mass consumer of nutritional products
      4. Challenges
         1. Shortages due to increased demand for commercial vehicle tire
         2. Involvement of enzymes in protein engineering
         3.  
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Food Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
         1. Carbohydrases
         2. Lipases
         3. Proteases
         4. Others
      2. By Application
         1. Bakery
         2. Beverages
         3. Confectionery
         4. Dairy and Frozen Desserts
         5. Meat Poultry and Sea Food Products
         6. Others
      3. By Source     
         1. Animals
         2. Microorganisms
         3. Plants
      4. By Region
         1. North India
         2. Central and West India
         3. South India
         4. East India
5. North India Food Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Source     
6. Central & West India Food Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Source     
7. South India Food Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Source     
8. East India Food Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Source     
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Food Enzymes Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
10. Impact of Covid-19 on India Food Enzymes Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
    1. Advanced Enzyme Technologies
    2. Anthem Cellutions Ltd.
    3. Koninklijke DSM NV
    4. Lumis
    5. Maps Enzymes Ltd.
    6. Novozymes AS
    7. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List Of Figures

Figure 1        India Food Enzymes Market Segmentation

Figure 2        India Food Enzymes Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Food Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 5        India Food Enzymes Market Share, By Type, By Value, 2018-2028

Figure 6        India Food Enzymes Market Share, By Application, By Value, 2018-2028

Figure 7        India Food Enzymes Market Share, By Source, By Value, 2018-2028

Figure 8        India Food Enzymes Market Share, By Region, By Value, 2018-2028

Figure 8        North India Food Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 9        North India Food Enzymes Market Share, By Type, By Value, 2018-2028

Figure 10       North India Food Enzymes Market Share, By Application, By Value, 2018-2028

Figure 11       North India Food Enzymes Market Share, By Source, By Value, 2018-2028

Figure 12       Central and West India Food Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 13       Central and West India Food Enzymes Market Share, By Type, By Value, 2018-2028

Figure 14       Central and West India Food Enzymes Market Share, By Application, By Value, 2018-2028

Figure 15       Central and West India Food Enzymes Market Share, By Source, By Value, 2018-2028         

Figure 16       South India Food Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 17       South India Food Enzymes Market Share, By Type, By Value, 2018-2028

Figure 18       South India Food Enzymes Market Share, By Application, By Value, 2018-2028

Figure 19       South India Food Enzymes Market Share, By Source, By Value, 2018-2028

Figure 20       East India Food Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 21       East India Food Enzymes Market Share, By Type, By Value, 2018-2028

Figure 22       East India Food Enzymes Market Share, By Application, By Value, 2018-2028

Figure 23       East India Food Enzymes Market Share, By Source, By Value, 2018-2028

List Of Tables

Table 1         India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 2         India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 3         India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 4         India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 5         India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 6         India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 7         India Food Enzymes Market Size, By Region, By Value, 2018-2028

Table 8         North India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 9         North India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 10        North India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 11        Central and West India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 12        Central and West India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 13        Central and West India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 14        South India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 15        South India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 16        South India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 17        East India Food Enzymes Market Size, By Type, By Value, 2018-2028

Table 18        East India Food Enzymes Market Size, By Application, By Value, 2018-2028

Table 19        East India Food Enzymes Market Size, By Source, By Value, 2018-2028

Table 20        Advanced Enzyme Technologies Company Overview

Table 21        Advanced Enzyme Technologies Financial Overview

Table 22        Anthem Cellutions Ltd. Company Overview

Table 23        Anthem Cellutions Ltd. Financial Overview

Table 24        Koninklijke DSM NV Company Overview

Table 25        Koninklijke DSM NV Financial Overview

Table 26        Lumis Company Overview

Table 27        Lumis Financial Overview

Table 28        Maps Enzymes Ltd. Company Overview

Table 29        Maps Enzymes Ltd. Financial Overview

Table 30        Novozymes AS Company Overview

Table 31        Novozymes AS Financial Overview