Enzymes Market Size in India: Top Trends and Industry Growth Rate by 2028 - TechSci ResearchPosted by Kumar on October 17th, 2023 Introduction: The India Enzymes Market has experienced substantial growth, with promising projections for the future. According to TechSci Research's report titled "India Enzymes Market – By Region, Competition, Forecast, and Opportunities (2018-2028)," The market reached USD 390.68 million in 2022 and is expected to maintain a steady growth rate of 8.67% during the forecast period. This comprehensive report delves into the key factors driving this market expansion and explores the various segments and dynamics shaping the industry. Market Overview: The India Enzymes Market is currently on an upward trajectory, largely attributed to advancements in food technology and a growing consumer preference for high-quality products made with the assistance of enzymes. Additionally, a significant development in the industry is the partnership between BASF and Sandoz GmbH (a division of Novartis) to invest in the Kundl/Schaftenau Campus in Austria, thus expanding the production of enzymes and biotechnology goods. The report offers detailed insights into these industry developments and their impact on the market. Factors Driving Market Growth:
Browse over 31 market data Figures spread through 70 Pages and an in-depth TOC on "India Enzymes Market" - https://www.techsciresearch.com/report/india-enzymes-market/3130.html
Market Segmentation: The India Enzymes Market is segmented across various dimensions: 1. Type:
In 2022, amylases dominated the market, capturing a 35.47% share due to their diverse applications in different industries. Proteases are expected to register a CAGR of 9.13% during the forecast period, mainly due to their crucial role in brewing beer. 2. Source:
Microbial enzymes have found wide-ranging applications in the food industry, including dairy, baking, food processing, animal feed, and more. 3. End Users:
The cleaning agents segment is experiencing significant growth, with an expected CAGR of 8.92%, driven by the use of enzymes in detergents to enhance stain removal, whiteness, fabric care, and cleaning performance. What You Will Find in the Sample Report:
Major companies operating in India enzymes market are:
Customers can also request for 10% free customization on this report. “The India enzymes market is expected to witness steady growth during the forecast period due to the emerging trend of healthy food, switch toward renewable sources, and demand for natural substitutes for synthetic chemicals further increase the application of enzymes as an alternative to fossil fuels. Moreover, the rising demand for foods with natural flavor and taste that are of the highest quality has become a widespread trend among consumers nowadays. This tendency made it necessary to use industrial enzyme applications to generate flavored and delectable processed foods. These factors will create lucrative opportunities for the market growth during the forecast period “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. “India Enzymes Market, By Type (Amylases, Cellulases, Proteases, Lipases, Phytases and Others), By Source (Micro-Organisms, Plants, and Animals), By Application (Food & Beverages, Cleaning Agents, Animal Feed, Biofuel, and Others), By Company and By Geography, Forecast & Opportunities, 2028’’, has evaluated the future growth potential of India enzymes and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Enzymes market. Who Will Benefit from This Report:
TechSci Research's report on the India Enzymes Market provides a comprehensive and insightful analysis of the current state and future prospects of the market, with a particular focus on key growth drivers and market segmentation. This report is a valuable resource for various stakeholders interested in the Indian enzymes industry.
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