BURNABY, Canada, October 13, 2015 /PRNewswire/ --
Growth across food and beverage, household care and pharmaceuticals sectors to drive India Industrial enzymes market through 2020
According to recently released Pharmaion report "India Industrial Enzymes Market Forecast & Opportunities, 2020", India Industrial enzymes market is projected to surpass US$ 361 million by 2020 on account of increasing food processing facilities, tanneries and textile manufacturing facilities in the country. Industrial enzymes find application across various industries such as food and beverage, household care, animal feed, leather manufacturing, textile processing, pharmaceuticals, etc. India's industrial enzymes market is highly competitive and some of the leading industrial enzyme manufacturers operating in the country include Novozymes South Asia Pvt. Limited, E.I. DuPont India Pvt. Limited, and Advanced Enzymes. Few of the other regional market players operating in India are Maps Enyzmes Pvt. Ltd., DSM Nutritional Products India Pvt. Ltd., Anthem Cellutions India Ltd., Lumis Biotech Pvt. Ltd.
High demand for carbohydrases is being witnessed, predominantly on account of their extensive use in food and beverage, household care, pharmaceutical and animal feed industries. Owing to their property to breakdown carbohydrates into simple sugars and capability to work in extreme environments, they are suitable for baking, cheese products, dairy manufacturing, and brewing applications. Growing awareness about the advantage of using eco-friendly enzymes in detergents, along with increasing demand for packaged food products is expected to fuel growth in the country's Industrial enzymes market through 2020.
"With growing use of enzymes in various end-use applications ranging from food and beverage, household care, animal feed processing, to pharmaceuticals, the market is forecast to witness growth through 2020. Due to increasing environmental concerns, an increasing number of detergent manufacturers are shifting towards using enzyme based technologies instead of using harmful phosphorus chemicals in detergents, which is expected to contribute to the growth of industrial enzymes in India in the coming years." said Mr. Karan Chechi, Research Director with Pharmaion, a research based global management consulting firm.
"India Industrial Enzyme Market Forecast & Opportunities, 2020" has analyzed the potential of the industrial enzymes market and provides statistics and information on market sizes, shares and trends. The report would suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
Pharmaion is a research based management consulting firm focused exclusively on Healthcare & Pharmaceutical industry. Led by a team of dynamic industry experts, Pharmaion provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, Pharmaion's clients lead rather than follow market trends. Pharmaion has developed a proprietary database which focuses on identifying the unexplored opportunities in Healthcare and Pharmaceutical industry.
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