Industrial enzymes market in India set to touch $163 M by 2015

• Publisher: Elsevier Science
• Year: 2010
• Weight: 51 KB
• Volume: 2010
• Category: Article
• ISSN: 1351-4180
• DOI: 10.1016/s1351-4180(10)70379-2

✦ Synopsis

Industrial enzymes find applications mainly in the detergents and pharmaceutical sectors followed by the textile sector. Detergents and pharmaceuticals comprise 50% of the Indian enzymes market. Novozymes, a multinational biotechnology company, claims a lion's share of the Indian enzymes market with 50% in the international enzymes market. Advanced Enzymes, an Indian biotechnology company, enjoys 20% market share in India. The company also exports enzymes to USA, Europe, and China. The exports account for nearly 50% of the company's revenue. Rossari Biotech accounts for 13% and Maps India 6% of the Indian enzymes market. According to the survey, the Indian enzymes market was worth about $100 M in 2009. The market is expected to reach $163 M in 2015 with a projected CAGR growth of 7.2% through 2010-2015. The figure highlights the Indian market share for enzymes in 2008-2009.