India dairy enzymes market is expected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising usage of enzymes in dairy products to improve the taste and texture. Besides, the increasing utilization of microbial rennet over animal rennet to produce cheese and growing popularity of processed dairy products like cheese and yogurt are expected to drive the growth of market in the forecast period. Additionally, high prevalence of digestive disorders among population and growing presence of drinkable yogurts are adding to the growth of India dairy enzymes market. Moreover, shifting dietary trends of consumers and rising understanding of the advantages of individualized nutrition are fuelling the market growth. Furthermore, rise in personal disposable income, westernization, changing lifestyles, and increasing demand for lactose-free dairy products among consumers are contributing to the overall market growth during the forecast period.
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India dairy enzymes market is segmented on the basis of type, application, source, and region. Based on type of enzyme, the market is divided into lactase, chymosin, microbial rennet, lipase and others. The microbial rennet segment is expected to hold the largest market share in the forecast period as the enzyme produced by the microorganisms is considered vegetarian and is cheaper than animal rennet. Based on the application, the market is divided into milk, cheese, ice-cream & desserts, yogurt, whey, infant formula and others. The cheese segment is estimated to dominate the market by 2027 due to wide use of dairy enzymes like chymosin, catalase, lactase for cheese production. Based on source, the market is divided into plant and animal & microorganisms. The animal and micro-organism segment is anticipated to dominate the market during the forecast period as they are highly preferred by the manufacturers due to their simple extraction process and their growing popularity.
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Some of the leading players in the India dairy enzymes market are DowDuPont, Chr. Hansen, Kerry Group, Novozymes, DSM, Advanced Enzymes Technologies, Biocatalysts, Fytozimus Biotech, Connell Bros., SternEnzym, etc.
In this report, India dairy enzymes market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Dairy Enzymes Market, By Type:
- Microbial Rennet
- Dairy Enzymes Market, By Application:
- Ice-Cream & Desserts
- Infant Formula
- Dairy Enzymes Market, By Source:
- Animals & Microorganisms
- Dairy Enzymes Market, by Region:
- North Region
- South Region
- East Region
- West Region
Company Profiles: Detailed analysis of the major companies present in India dairy enzymes market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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