Product Code: ETC4546285 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India microbial lipase market import shipment demonstrated a steady expansion from 2020 to 2024, with a notable CAGR of 9.2%. The growth rate between 2023 and 2024 accelerated to 12.4%, indicating a strong upward momentum towards the end of the period. The market exhibited consistent growth and positive momentum throughout the years.
The microbial lipase market in India is experiencing steady growth as it is a crucial enzyme in the dairy industry, used for cheese production. India dairy sector has seen consistent expansion, and the increasing consumption of cheese and other dairy products has boosted the demand for microbial lipases. Additionally, the bakery and confectionery industries also utilize microbial lipases for various purposes.
The India microbial lipase market is witnessing significant growth due to the increasing demand for specialty enzymes in various industries, including food and pharmaceuticals. Microbial lipases, known for their efficiency in catalyzing lipolytic reactions, have gained prominence in food processing and detergent manufacturing. The market`s growth is primarily driven by the expanding food industry, where these enzymes find applications in cheese production, baking, and flavor enhancement. Additionally, the rising health-conscious consumer base is pushing for the use of microbial lipases in low-fat and healthy food products, thereby bolstering market growth. The pharmaceutical sector is also utilizing microbial lipases for drug formulation and biofuel production, contributing to the market`s expansion.
The microbial lipase market in India faces issues related to the availability of specialized strains and the need for stable enzyme formulations. Maintaining consistent enzyme activity and managing the production costs remain critical challenges.
Before the COVID-19 pandemic, the India Microbial Lipase Market was witnessing growth, driven by the increasing demand for this enzyme in the food and beverage industry for flavor enhancement and lipid hydrolysis. However, the pandemic disrupted the market. The lockdowns and restrictions led to reduced production and labor shortages in the food processing industry, impacting the demand for microbial lipase. Supply chain disruptions further exacerbated the challenges. Market players adapted by exploring applications in the dairy and bakery sectors and promoting the enzyme`s role in enhancing taste and texture in various food products. As the situation gradually improved, the market showed signs of recovery, with an emphasis on innovative applications and marketing strategies.
Major players in the India microbial lipase market include Advanced Enzyme Technologies Ltd., Novozymes South Asia Pvt. Ltd., and Rossari Biotech Ltd. These companies produce microbial lipases used in cheese production, flavor enhancement, and other food applications.
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 Microbial Lipase Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Microbial Lipase Market Revenues & Volume, 2021 & 2031F |
3.3 India Microbial Lipase Market - Industry Life Cycle |
3.4 India Microbial Lipase Market - Porter's Five Forces |
3.5 India Microbial Lipase Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Microbial Lipase Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Microbial Lipase Market Revenues & Volume Share, By Source, 2021 & 2031F |
4 India Microbial Lipase Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for microbial lipase in food processing industry due to its ability to enhance flavor and texture of food products |
4.2.2 Growing awareness about the health benefits of microbial lipase consumption |
4.2.3 Rising adoption of microbial lipase in pharmaceutical and biotechnology sectors for various applications |
4.3 Market Restraints |
4.3.1 Stringent regulations and standards governing the use of microbial lipase in different industries |
4.3.2 Fluctuations in raw material prices affecting the overall production cost |
4.3.3 Intense competition from alternative enzymes and substitutes in the market |
5 India Microbial Lipase Market Trends |
6 India Microbial Lipase Market, By Types |
6.1 India Microbial Lipase Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Microbial Lipase Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Microbial Lipase Market Revenues & Volume, By Cleaning Agents, 2021-2031F |
6.1.4 India Microbial Lipase Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.1.5 India Microbial Lipase Market Revenues & Volume, By Dairy Products, 2021-2031F |
6.1.6 India Microbial Lipase Market Revenues & Volume, By Bakery Products, 2021-2031F |
6.1.7 India Microbial Lipase Market Revenues & Volume, By Confectionery Products, 2021-2031F |
6.2 India Microbial Lipase Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Microbial Lipase Market Revenues & Volume, By Powder , 2021-2031F |
6.2.3 India Microbial Lipase Market Revenues & Volume, By Liquid, 2021-2031F |
6.3 India Microbial Lipase Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Microbial Lipase Market Revenues & Volume, By Fungi , 2021-2031F |
6.3.3 India Microbial Lipase Market Revenues & Volume, By Bacteria, 2021-2031F |
7 India Microbial Lipase Market Import-Export Trade Statistics |
7.1 India Microbial Lipase Market Export to Major Countries |
7.2 India Microbial Lipase Market Imports from Major Countries |
8 India Microbial Lipase Market Key Performance Indicators |
8.1 Research and development investment in new microbial lipase products and technologies |
8.2 Adoption rate of microbial lipase in different industries over time |
8.3 Number of partnerships and collaborations between microbial lipase manufacturers and key industry players |
9 India Microbial Lipase Market - Opportunity Assessment |
9.1 India Microbial Lipase Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Microbial Lipase Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Microbial Lipase Market Opportunity Assessment, By Source, 2021 & 2031F |
10 India Microbial Lipase Market - Competitive Landscape |
10.1 India Microbial Lipase Market Revenue Share, By Companies, 2024 |
10.2 India Microbial Lipase Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |