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The Global Protein Hydrolysis Enzymes Market Set to Surge at 5.5% CAGR During 2023-2032: Novozymes A/S, Royal DSM, DuPont de Nemours Inc., AB Enzymes GmbH, Advanced Enzyme Technologies
Protein Hydrolysis Enzymes Market
The Business Research Company's Protein Hydrolysis Enzymes Global Market Report 2023 identifies an increasing prevalence of chronic diseases is the major driver for the protein hydrolysis enzymes market's growth in the forecast period. Chronic disease refers to a disease that develops over time or a health condition in people that is persistent or has other long-lasting repercussions. Protein hydrolysis produces the most physiologically active peptides with the help of enzymes and peptides can be used to prevent cancer and other diseases by their ability to modulate antioxidant enzymes as a crucial control point for the body's pro-inflammatory processes, hence increase in the prevalence of chronic diseases is expected to boost the demand for protein hydrolysis enzymes. For instance, according to a report published by the American Cancer Society, a US-based health organization dedicated to helping people with cancer, in the United States, there is an estimated 1.9 million new cancer cases diagnosed in 2022 and 609,360 cancer deaths. Furthermore, 609,360 cancer deaths are projected in 2022, amounting to around 1,670 fatalities every day.
The global protein hydrolysis enzymes market size is expected to grow from $2 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global protein hydrolysis enzymes market size is expected to reach $2.63 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the protein hydrolysis enzymes market are Novozymes A/S, Royal DSM, DuPont de Nemours Inc., AB Enzymes GmbH, Advanced Enzyme Technologies, Dyadic International Inc., Jiangsu Boli Bioproducts Co. Ltd., Specialty Enzymes & Biotechnologies Co., Solvay Enzymes, Amano Enzyme Inc., Biocatalysts, Aumgene Biosciences.
A key trend in the protein hydrolysis enzymes market includes technological advancement. Major companies operating in the protein hydrolysis enzymes market are focusing on developing new technologies to sustain their market position. For instance, in November 2021, Biocatalysts Ltd., a UK-based biotechnology company producing specialty enzymes, launched Promod® 324L, a new enzyme for the pet food industry. The unique feature of Promod 324L is its broad substrate specificity and strong efficacy in the hydrolysis of both animal and fish proteins.
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The Protein Hydrolysis Enzymes market is segmented -
• By Type: Microorganisms, Animals, Plants
• By Method Of Production: Extraction, Fermentation
• By Application: Detergent and Cleaning, Food and Beverage, Animal Feed, Textile, Dairy, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the global protein hydrolysis enzymes market.
The Business Research Company's "Global Protein Hydrolysis Enzymes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Protein Hydrolysis Enzymes Market Include:
1. Executive Summary
2. Protein Hydrolysis Enzymes Market Characteristics
3. Protein Hydrolysis Enzymes Market Trends And Strategies
4. Protein Hydrolysis Enzymes Market - Macro Economic Scenario
5. Protein Hydrolysis Enzymes Market Size And Growth
……………
27. Protein Hydrolysis Enzymes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protein Hydrolysis Enzymes Market
29. Protein Hydrolysis Enzymes Market Future Outlook And Potential Analysis
30. Appendix
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