India Food Enzymes Market to Grow at a CAGR of 5.7% during Forecast Period

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India food enzymes market size to grow at a CAGR of 5.7% during the forecast period between 2022 and 2028. India food enzymes market is expanding because of rising environment concerns, urbanization, rising disposable income, and improvements in R&D activities. The development of food industry has also been aided by technology developments, such as enzyme engineering and the use of genetically modified enzymes. The market is expanding due to elements like multifunctional advantages of food enzymes in a variety of applications and technology advancements to reduce chemical consumption. However, excessive costs associated with enzyme research and development activities may hamper the market growth.

Innovative technology platforms for mass production

Several small-scale producers are vying with the market leaders in the application specificity of the produced food enzymes in India food enzymes market. This, in turn, depends on the caliber of the production strain that manufacturers develop. Small-scale manufacturers can create programmable enzymes that can be scaled up to produce large volumes owing to a variety of technology licensees. One such licensor is Dyadic International Inc. (US), which allows smaller players to produce large quantities of high-mobility food enzymes on-site using its C1 platform technology.

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Growing nutritional awareness

General public's awareness of nutrient-dense foods is growing quickly. The increased urbanization, pollution, illnesses, and altered eating patterns are all related to the emphasis on nutrition. Also, demand for nutrient-dense food has been influenced by several factors, including government initiatives to educate rural residents about nutrition, increasing number of educated people and working women, and a lack of time for food preparation. The demand for nutrient-dense foods rises in Asian nations because of the introduction of new food categories, exposure to western goods, and an increase in nuclear families.

Challenge: Adverse health effects of certain enzymes

A significant obstacle to the expansion of the food enzymes market is the negative health effects of some enzymes. The food and beverages industry recently had a guideline relating to health risks associated with enzymes. However, manufacturing companies are concentrating on creating products with regulated side effects because of the increase in R&D funding.

Segmental Coverage

India Food Enzymes Market – By Source

Based on source, India food enzymes market is segmented into Animals, Microorganisms, and Plants. As microorganisms are more affordable and stable than plant and animal enzymes, they are forecast to have the highest market share. Utilizing different fermentation techniques, such as solid-state and submerged fermentation, companies can effectively produce microorganisms. Microbial enzymes are simpler to produce on a large scale than enzymes found in plants and animals. Additionally, microbial enzymes are used to control the amount of gluten in bakery goods and to enhance the flavor and texture of dairy products and alcoholic beverages.

Impact of COVID-19 on India Food Enzymes Market

The countrywide lockdown and ongoing restrictions imposed by COVID-19 outbreak disrupted supply chain, posing challenges for producers in India food enzymes market. The market is being driven by intense competition, pricing issues, and shifting consumer preferences. As food enzymes are used in a variety of industries, including brewing, fruit juice, and cheese production, the market is expanding in the face of COVID-19. The increased demand for packaged and processed foods is due to the need to ensure food security and safety. However, because of the complexity of the food supply chain, food additives must be added to maintain nutritional value and shelf life. Additionally, the market for food enzymes is being accelerated by the expansion of organized retail in both urban and rural areas. Environment-friendly production techniques decreased energy use and waste generation in the food industry, and rising demand in the feed and food industries are main drivers for India food enzymes market.

Competitive Landscape

Leading players in India food enzymes market include Advanced Enzyme Technologies, Anthem Cellutions Ltd., Koninklijke DSM NV, Lumis, 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 use various strategies, including strategic alliances, agreements, mergers, and partnerships.

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