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Global Protein Hydrolysis Enzymes Market Set to Reach $2.9 Billion by 2027

09-26-2023 04:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Global Protein Hydrolysis Enzymes Market Set to Reach $2.9

The protein hydrolysis enzymes market is on track to achieve a valuation of $2.9 billion by 2027, growing at an impressive CAGR of 6.2% from 2022 to 2027, as per a research report by MarketsandMarkets.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12636477

Diverse Applications Fueling Market Growth

The versatile applications of protein hydrolysis enzymes in sectors like food, detergent, pharmaceuticals, textiles, and leather are driving market expansion. In the food industry, the demand for these enzymes is rising due to their use in innovative food products. For instance, in the bakery sector, they play a crucial role in gluten weakening for improved dough properties and decorative impressions on baked goods. In the meat industry, protein hydrolysis enzymes are employed for meat tenderization, enhancing flavor, and reducing cooking loss. Furthermore, they find application in beverages, aiding in protein breakdown and flavor enhancement. Manufacturers are actively engaged in research and development to cater to the growing demand, with Novozymes launching the Formea Prime protease enzyme for beverages in November 2021.

Significant Role in the Detergent Industry

Protein hydrolysis enzymes are widely used in the detergent industry, contributing to enhanced cleaning efficacy while also reducing energy consumption and water usage, thus promoting environmental benefits.

Meat Industry's Rising Demand for Animal Nutrition

With global meat production and consumption surging, there's a projected 14% growth in global meat protein consumption by 2030. This surge is driving the adoption of feed enzymes, particularly protein hydrolysis enzymes, in the meat industry to meet the escalating demand for meat products.

Pharmaceuticals: The Fastest-Growing Segment

Protein hydrolysis enzymes play a pivotal role in pharmaceuticals, being used in various medicinal applications. Microbial sources are favored due to their biochemical diversity and genetic adaptability. These enzymes are used in treating conditions such as cancer, cardiovascular disease, respiratory tract disorders, and inflammation. Plant-based enzymes like papain and bromelain also find pharmaceutical applications. Animal-based enzymes such as pepsin, trypsin, and collagenase contribute to protein digestion, wound treatment, and other therapeutic uses.

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Microbial Sources Lead the Growth

Microorganisms are a rapid-growing source of protein hydrolysis enzymes due to their biochemical diversity and adaptability. They are preferred for their suitability in diverse applications across industries, including baking, brewing, detergents, pharmaceuticals, textiles, and leather processing.

Asia Pacific Emerges as a High-Growth Region

The Asia Pacific region is witnessing significant growth in the protein hydrolysis enzymes market, driven by increased usage in detergents, pharmaceuticals, and food industries. Countries like China, India, Japan, and South Korea are making substantial contributions to the pharmaceutical market with continuous technological innovations and research and development investments.

Key Players in the Market

Key players in the protein hydrolysis enzymes market include Novozymes (Denmark), Associated British Foods (UK), DSM (Netherlands), DuPont (US), BASF (Germany), Advanced Enzymes Technologies (India), and Chr. Hansen (Denmark).

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/protein-hydrolysis-enzymes-market-12636477.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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