Product Code: ETC4547005 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India lipase market import shipments demonstrated a robust expansion from 2020 to 2024, with a significant CAGR of 15.0%. The growth rate notably accelerated between 2023 and 2024, showing a momentum surge of 60.0%. The market exhibited strong upward momentum and a consistent positive trend over the period.
Apart from microbial lipases, lipases from other sources are also crucial in the India food industry, particularly for the production of baked goods and certain traditional dishes. The market is growing due to the diversification of cuisine and the increasing popularity of Western-style baked goods.
The lipase market in India is witnessing growth due to its wide range of applications, especially in the food and beverage industry. Lipases are essential enzymes for flavor enhancement and fat hydrolysis in food products. Their demand is driven by the growing food processing sector, particularly in the dairy and bakery segments. Additionally, the market is influenced by the increasing preference for natural and clean-label ingredients, leading to the development of lipase solutions that meet these criteria.
Challenges include sourcing lipases with desired characteristics, ensuring their stability in food applications, and addressing regulatory and labeling requirements.
The lipase market might have faced some challenges during the pandemic due to the disruptions in the foodservice industry, which is a significant consumer of lipase enzymes in bakery and dairy products. However, as home baking and cooking became more popular during lockdowns, there might have been some demand from consumers seeking to experiment with different recipes.
Leading players in the India Lipase market are Novozymes, DSM, AB Enzymes, and Aumgene Biosciences.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Lipase Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Lipase Market Revenues & Volume, 2021 & 2031F |
3.3 India Lipase Market - Industry Life Cycle |
3.4 India Lipase Market - Porter's Five Forces |
3.5 India Lipase Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Lipase Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Lipase Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lipase in various industries such as food beverage, pharmaceuticals, and cosmetics due to its diverse applications |
4.2.2 Growing awareness about the health benefits of lipase enzymes leading to a rise in its consumption |
4.2.3 Technological advancements in enzyme production and formulation, making lipase more cost-effective and efficient |
4.3 Market Restraints |
4.3.1 Regulatory challenges and restrictions on the use of lipase in food and pharmaceutical products |
4.3.2 Fluctuations in raw material prices impacting the overall production cost and pricing of lipase products |
5 India Lipase Market Trends |
6 India Lipase Market, By Types |
6.1 India Lipase Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Lipase Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 India Lipase Market Revenues & Volume, By Microbial Lipases, 2021-2031F |
6.1.4 India Lipase Market Revenues & Volume, By Animal Lipases, 2021-2031F |
6.2 India Lipase Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Lipase Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.3 India Lipase Market Revenues & Volume, By Dairy, 2021-2031F |
6.2.4 India Lipase Market Revenues & Volume, By Bakery, 2021-2031F |
6.2.5 India Lipase Market Revenues & Volume, By Confectionery, 2021-2031F |
6.2.6 India Lipase Market Revenues & Volume, By Others, 2021-2031F |
7 India Lipase Market Import-Export Trade Statistics |
7.1 India Lipase Market Export to Major Countries |
7.2 India Lipase Market Imports from Major Countries |
8 India Lipase Market Key Performance Indicators |
8.1 Research and development investment in improving lipase efficiency and production processes |
8.2 Number of new product launches incorporating lipase in different industries |
8.3 Adoption rate of lipase in emerging application areas such as biofuels and waste treatment |
9 India Lipase Market - Opportunity Assessment |
9.1 India Lipase Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Lipase Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Lipase Market - Competitive Landscape |
10.1 India Lipase Market Revenue Share, By Companies, 2024 |
10.2 India Lipase Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |