Skip to main content

Enzyme market in India

 

Indian Industrial Biotechnology (Enzymes) market continued to witness a sturdy growth in 2020-21 at 12 per cent to touch Rs 2907 crore during the year as against 10 per cent recorded in 2019-20 with industry crossing Rs 2500 crore during the year. The Indian Industrial Biotechnology (Enzymes) market recorded Rs 2360 crore for the year 2018-19. Baring the few leading companies most of the Indian companies have done well during the year ended March 31, 2021.

The rapid development of India’s food and beverage, pharmaceutical and speciality chemical industry has been supporting this growth and specialty enzyme demand will outpace industrial enzyme demand, going forward.

There are about 20 major players in this market. Most of these companies are either into marketing or into formulations. But India has a few companies, both multinational and local, that manufacture enzymes used in different industries such as pharmaceutical, food processing, leather, detergents, paper and pulp and textiles. These companies produce various enzymes and several other eco-friendly biological products. The product range and services are growing rapidly as the use of enzymes is gaining widespread acceptance.

The market is dominated by multinational companies such as Novozymes South Asia Pvt. Ltd., Danisco (India) Pvt Ltd, DSM Nutritional Products India Pvt. Ltd, Chr. Hansen (India) Pvt Ltd, E.I. DuPont India Pvt. Ltd and so on with their competitive quality products.  These companies are very active and controlling the food and beverage, pharmaceutical and biotechnology space by offering high quality products.

While Indian companies are entering this space by offering quality food grade enzyme products in the last few years and in the coming years they will take on competition with global players. There are a few local players in this space who are offering formulated products at an affordable price to meet the demands of the local market. High R&D capital, unclear regulations, and an import-dominated market are some of the reasons leading to fewer domestic participants in the food and beverages sector.

The market is witnessing rapid growth due to the increasing demand for processed food in the country and wide applications of the enzymes in the processed food industry. Moreover, innovation in food technology in the country and the increasing awareness about better-quality products, being manufactured by utilizing enzymes, are further driving the market.

Comments

Post a Comment

Popular posts from this blog

Top 10 Analytics Courses in India

http://analyticsindiamag.com/top-6-analytics-courses-in-india/ The demand for trained analytics professionals has witnessed a massive growth in recent years. The dearth of skilled manpower can be overcome with serious intervention at the education level and imparting training on specific Analytical and statistical tools. This goes to say that training in Analytics is of foremost importance to match the ever growing demand and dearth in supply. Yet, there is a severe dearth of good training programs in the field. In this article, Analytics India Magazine investigates nine courses on Analytics being offered by premier institutes of India. Certificate Programme in Business Analytics – ISB, Hyderabad ISB is offering a one year Certification in Business Analytics with an aim to create Next generation Data Management Scientists. The programme is designed on a schedule that minimizes disruption of work and personal pursuits. The program is a combination of classroom and Technology...
13 comments
Read more

Executive Dishes from Mayonnaise

  Mayonnaise is a super-versatile ingredient — it’s not just for sandwiches! You can use it in salads, dips, marinades, baked dishes, and even desserts . Here’s a categorized list of recipes you can make with mayonnaise , from quick snacks to mains and sides. 🥗 Salads & Cold Dishes Classic Coleslaw – Shredded cabbage, carrots, a touch of sugar, vinegar, salt, and mayo. Potato Salad – Boiled potatoes, boiled eggs, mustard, salt, pepper, and mayo dressing. Russian Salad (Olivier Salad) – Diced boiled vegetables (potato, peas, carrots), mayo, and sometimes pineapple or apple for sweetness. Chicken Salad – Shredded chicken, celery, apple, pepper, and mayo dressing — great for sandwiches. Tuna Salad – Canned tuna, onions, lettuce, mayo, lemon juice, and black pepper. 🍟 Snacks & Starters Mayonnaise Sandwich – Chopped veggies (capsicum, carrots, corn) mixed with mayo and salt. Deviled Eggs – Boiled eggs halved and filled with yolk-mayo-mustard m...
Post a Comment
Read more

How to Get Rich (Without Getting Lucky) by Naval Ravikant

  Naval’s philosophy is not about quick schemes, but building wealth through leverage, self-awareness, and long-term thinking . His ideas were first shared on Twitter and expanded in podcasts and interviews. 💡 Core Principles: 1. Seek Wealth, Not Money or Status Wealth = assets that earn while you sleep (businesses, products, media). Money = a tool for transferring wealth. Status = a zero-sum game (if someone wins, another loses). 🔑 2. Play Long-Term Games with Long-Term People Build relationships with people known for integrity. Reputation compounds like capital. 🛠 3. Learn to Build and Sell “If you can build it, you can create wealth. If you can sell it, you can monetize it.” Learn specific knowledge (unique skills that feel like play to you, but are valuable to others). Combine with accountability , leverage , and judgment . 🧠 4. Arm Yourself with Specific Knowledge Not taught in school, often discovered through curiosity and per...
Post a Comment
Read more