Protein Hydrolysis Enzymes Market Size to Grow at a CAGR of 4.3% During the Forecast Period 2021-2026

Protein Hydrolysis Enzymes Market Size to Grow at a CAGR of 4.3% During the Forecast Period 2021-2026

“Protein Hydrolysis Enzymes Market”
The Growing Demand for Protein Hydrolysis Enzymes From Different End-Use Sectors Such As Pharmaceuticals and Animal Feed Is Propelling the Worldwide Protein Hydrolysis Enzymes Market

Protein Hydrolysis Enzymes Market size is estimated at $2.1 billion in 2020, projected to grow at a CAGR of 4.3% during the forecast period 2021-2026. Protein hydrolysis enzymes are collection of enzymes that break down or hydrolyse proteins. The majority of enzymes employed in protein hydrolysis come from animal, plant, and microbial sources. Proteolytic enzymes hydrolyse proteins at the right temperature and pH, and they generally target particular peptide cleavage bonds, resulting in amino acids and peptides of various sizes. Compared to plant enzymes, that are more broadly specialized in their function, animal enzymes are more particular to their location of action. They’re utilized for a variety of things, including extracting valuable medicinal compounds, making delicious tastes, making hydrolysates, protein solubilization, meat tenderization, and making certain functional peptides. Textiles, pharmaceuticals, photography, detergents, animal feed, and food & beverage are just a few of the sectors that employ protein hydrolysis enzymes. The increasing number of applications from developing states, increasing preferences for environmentally friendly products, growing advancement, and changes in the quality of food proteins, increased uses of the product for maintaining of phosphorus solutions and nitrogen content are all factors that can accelerate the growth of the enzyme market for protein hydrolysis. On the other hand, the technological innovation and the development of the Pharma sector would further increase numerous prospects in the above projection period for the growth of the protein hydrolysis enzyme market.

Protein Hydrolysis Enzymes Market Segment Analysis – By Source

Based on Source, Protein Hydrolysis Enzymes market is segmented into Microorganisms, Plants and Animals. Microorganisms segment is accounted for the largest revenue market share in 2020 owing to the fact that the microorganisms source has a wide range of uses in detergents and cleaning products. Moreover, microbial protein hydrolysis enzymes sources have a number of advantages, including cheap production costs, widespread use in the fermentation sector, and use in genetic manipulation, all of which are expected to enhance the demand for microorganism sources globally. Plant Segment is predicted to grow with the fastest CAGR of 4.6% in the forecast period 2021-2026 owing to the growing demand for environment-friendly products coupled with the effective results where enzymatic hydrolysis of plant proteins increases the solubility, making it possible to produce plant protein-based beverages with improved speed of protein absorption and digestibility.

Protein Hydrolysis Enzymes Market Segment Analysis – By Application:

Based on Application, Protein Hydrolysis Enzymes market is segmented into Detergent & Cleaning, Food & Beverage, Animal Feed, Textile Dairy and Others. Detergent & Cleaning segment is accounted for the largest revenue market share in 2020 owing to the fact that the wide demand for detergent in the market for eliminating protein stain. Furthermore, the mounting hygiene worries and measures to control spreading infectious diseases such as COVID-19 is accelerating the market growth. Animal Feed Segment is poised to grow with the fastest CAGR of 5.0% in the forecast period 2021-2026 as Plant and Animal protein hydrolysates offer highly digestible peptides and bioactive peptides, as well as particular Amino acids that serve nutritional, regulatory and physiological activities in animals.

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Protein Hydrolysis Enzymes Market Segment Analysis – By Geography 

Based on Geography, North America Protein Hydrolysis Enzymes Market accounted for the 40% revenue share in 2020. This is majorly attributed to the presence of key market players and with the high rate of consumption owing to the U.S. expanding demand for animal feed and detergents. The sector has benefited from the growth of pharmaceutical firms in the area. Aside from that, the growing demand for protein hydrolysis enzymes in various sectors is expected to drive the growth of the North American protein hydrolysis enzyme market. Asia-Pacific market is poised to grow with the fastest CAGR in the forecast period 2021-2026 owing to its unexplored prospects in emerging nations that are expected to drive the Asia Pacific market for protein hydrolysis enzymes to new heights. Furthermore, increased customer demand for innovative, easy cleaning and detergent products is expected to boost the Asia Pacific market’s expansion in the approaching years.

Protein Hydrolysis Enzymes Market Segment Analysis-Drivers 

Rising Demand for Protein Hydrolysis Enzymes Owing to its Application in Various Sectors:

The growing demand for protein hydrolysis enzymes from different end-use sectors such as pharmaceuticals and animal feed is propelling the worldwide protein hydrolysis enzymes market forward. Another major factor expected to drive expansion in the global protein hydrolysis enzymes market over the projected period is the rising use of protein hydrolysis enzymes in detergent and textile production. Other factors projected to boost growth of the global protein hydrolysis enzymes market encompass an increase in the adoption rate of protease enzymes into amino acids due to applications such as protein peptide hydrolysis and phosphorus and nitrogen pollution management.

Protein Hydrolysis Enzymes Market Segment Analysis-Challenges:

High Cost and Availability of Raw Material:

The scarcity of raw materials coupled with the high cost as well as the possibility of enzyme inhibitors in the raw protein components, are also drawbacks impeding the market’s development. Moreover, the market’s growth is predicted to be hampered in the coming years by its limited food function. The availability of replacement chemicals and shelf life difficulties are two major factors limiting the worldwide protein hydrolysis enzymes market’s growth. Another factor that is predicted to stymie the global protein hydrolysis enzymes market’s expansion during the projected period is excessive salt concentration and the creation of undesirable components. 

Protein Hydrolysis Enzymes Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Protein Hydrolysis Enzymes Market. Protein Hydrolysis Enzymes Market top 10 companies are Novozymes A/S, Dyadic International, Inc., Royal DSM, Ab Enzymes, Advanced Enzyme Technologies, Specialty Enzymes & Biotechnologies Co, Solvay Enzymes, Sunson Industry Group Co., Ltd, Jiangsu Boli Bioproducts Co., Ltd, Dupont De Nemours, Inc

Acquisitions/Product Launches:

In June 2020, Novozymes has launched two new enzymes that helps food manufacturers to produce label-friendly and tasty meat alternative with less salt.

Key Takeaways

Demand for protein hydrolysis is expected to be steered in the near future by advancements and modifications in dietary proteins, as well as lower feed prices for protein hydrolysis enzymes.

The growing demand for protein hydrolysis enzymes from different end-use sectors such as pharmaceuticals and animal feed is propelling the worldwide protein hydrolysis enzymes market. 

Another major factor expected to drive expansion in the global protein hydrolysis enzymes market is the rising use of protein hydrolysis enzymes in detergent and textile production.

However, the development of the market is predicted to be hampered by high salt concentrations and the construction of unbearable mechanisms.

Related Reports: 

A. Plant Protein Ingredients Market

https://www.industryarc.com/Report/7491/plant-protein-ingredient-market.html

B. Protein Hydrolysates Market

https://www.industryarc.com/Research/Protein-Hydrolysates-Market-Research-504438

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