Growing Awareness and Increased Investments Lead to Growth of Biotechnology Applications in the Food & Beverage and Dietary Supplements Sector, Reveals Frost ...(robiotic strains in India such as Dahi /...)

Date:7/24/2009

robiotic strains in India such as Dahi / Yoghurt, Lassi and Ice cream. Dietary supplement is the key end-user segment in India where probiotics are used in conjunction with other vitamins and minerals. Probiotics finds usage in animal feed as well as a supplement for poultry and aquaculture feeds. The total Indian market for probiotic ingredients was valued at an estimated INR 45 Crore as of 2006. Globally, Asia and Europe are the largest producers of probiotics with Europe having a bigger share of the market.

Modern biotechnology offers clear advantages over the conventional mode of production. In a sense, the ability to tailor microbial enzymes to human benefit is what makes this technology so powerful. The total Indian F&B enzymes market was worth INR 88 Crore in 2008. The market grew at 11 percent from 2007 to 2008. The market, which saw an increasing trend from 2006 growing at almost 12 percent, was interrupted by the global economic slowdown in 2007-2008. The end-user industry has not seen a major impact due to the recession. The United States, European Union, and Japan together account for more than 90 percent of the global enzyme market. Some of the countries in Asia such as China, South Korea, India, and Taiwan are expected to offer good growth opportunities.

According to Mamta Wadhwa, Sr. Director, CMF Practice, Frost & Sullivan, South Asia & Middle East, "The market has good scope of growth considering the positive growth of the Indian food processing industry in terms of new investments, new product development. This coupled with growing awareness amongst consumers about product developments in the global market is sure to drive growth in such fermentation-based food ingredients market in the long term."

The CMF Practice of Frost & Sullivan, the global growth partnership company, in its efforts to address issues on the biotechnology application market faced by Indian compan
'/>"/>

SOURCE Frost & Sullivan (India) Pvt. Ltd. Copyright©2009 PR Newswire. All rights reserved

1 GOOD

Page: 1 2 3 4
Related biology technology :

1. Dr. Daniel Ronel Selects Artefill to Meet Growing Patient Demand for a Longer Lasting Dermal Filler
2. Neogen Named to Fortunes List of Fastest Growing Companies
3. Business Opportunities in Spains Fast-Growing Biotechnology Industry
4. ICON Central Laboratories in Singapore Moves to New Facility to Meet Growing Demand
5. CoreRx, Inc. Announces Plans for Expansions to Meet the Needs of Growing Pharmaceutical Formulation Development Business
6. Roche Announces Long-Term Commitment to Tackle Growing Epidemic of Diabetes
7. MichBio Leader Cites New Senate Biosciences Task Force and House Subcommittee as Evidence of States Growing Awareness of Industrys Economic Importance
8. Gore PharmBIO Products Opens New Facility with State-of-the-Art-Cleanroom Facility Built to Support Demand for Growing STA-PURE(TM) Product Line
9. GEN Reports on Growing Reliance on Microfluidics Technology
10. Abbott Expands Its Growing Medical Device Business With Acquisition of Advanced Medical Optics (AMO)
11. GEN Reports Growing Focus on PI3-Kinase Pathway in Cancer Research