India Industrial Enzymes Market Size & Outlook, 2022-2030
India industrial enzymes market, 2018-2030 (US$M)
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India industrial enzymes market highlights
- The India industrial enzymes market generated a revenue of USD 222.9 million in 2022 and is expected to reach USD 405.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, carbohydrase was the largest revenue generating product in 2022.
- Carbohydrase is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial enzymes market data book summary
| Market revenue in 2022 | USD 222.9 million |
| Market revenue in 2030 | USD 405.1 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Carbohydrase |
| Fastest growing segment | Carbohydrase |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbohydrase, Proteases, Lipases, Polymerases & Nucleases |
| Key market players worldwide | Basf SE, Novonesis AS ADR, DuPont de Nemours Inc, DSM, Novus Holdings Ltd, Associated British Foods PLC, Advanced Enzymes, Koninklijke DSM NV, Chr. Hansen, Lesaffre, Bluestar Adisseo Co., BioProcess Algae |
Other key industry trends
- In terms of revenue, India accounted for 4.0% of the global industrial enzymes market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial enzymes market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 452.6 million by 2030.
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Industrial Enzymes Market Scope
Industrial Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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India industrial enzymes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial enzymes market will help companies and investors design strategic landscapes.
Carbohydrase was the largest segment with a revenue share of 48.05% in 2022. Horizon Databook has segmented the India industrial enzymes market based on carbohydrase, proteases, lipases, polymerases & nucleases covering the revenue growth of each sub-segment from 2018 to 2030.
Industrial enzymes market in India is expected to witness significant growth during the forecast period owing to the increasing demand for food products and beverages, detergents, and nutraceuticals in the country.
The prominence of India as a consumer of these products makes it a key contributor to the expansion of industrial enzymes market in Asia Pacific. Lipases, which are used in dairy processed products and biological detergents, are expected to witness lucrative growth opportunities in the country over the forecast period.
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Target buyers of India industrial enzymes market databook
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Our clientele includes a mix of industrial enzymes market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India industrial enzymes market , including forecasts for subscribers. This country databook contains high-level insights into India industrial enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India industrial enzymes market size, by product, 2018-2030 (US$M)
India Industrial Enzymes Market Outlook Share, 2022 & 2030 (US$M)
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