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We expect the India biocatalyst market to exhibit a CAGR of 7.88% during 2022-2027.
The rising demand for biocatalyst in the production of biofuels and biopharmaceuticals, owing to the growing awareness regarding its environment sustainability, is primarily driving the India biocatalyst market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary halt in numerous production activities for biocatalysts.
Based on the type, the India biocatalyst market can be categorized into hydrolases, oxidoreductases, transferases, and others. Currently, hydrolases account for the majority of the total market share.
Based on the application, the India biocatalyst market has been segregated into food and beverages, cleaning agent, biofuel production, agriculture and feed, biopharmaceuticals, and others. Among these, food and beverages currently hold the largest market share.
Based on the source, the India biocatalyst market can be bifurcated into microorganisms, plants, and animals. Currently, microorganisms exhibit a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India biocatalyst market.
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