Worldwide Papain Market Research Report by Size, Share, Statistics, Regional Trend, Leading Players Updates, Business Prospects and Opportunity

Global Papain Market Information: By Form (Powder, Liquid, Capsule and others), by Application (Food & Beverage, Textile, Pharmaceutical, Cosmetic and others), Distribution Channel (Store, Non-Store Based) and Region - Forecast till 2023

pune, India - April 17, 2018 /MarketersMedia/ —

Market Overview:
Papain Market is projected to grow at a CAGR of 5.2% over the forecast period. Papain is a naturally derived cysteine proteolytic enzyme which is used in meat industry to soften the meat fibers or to tenderize it. Papain is also used in toothpastes for teeth whitening. Increasing population, urbanization and demand for high meat products are majorly driving the growth of the market. Use of naturally derived papain for tenderization process has increased because of popular consumer inclination toward natural products. This has projected to propel the market growth of papain even on a global level.

North America is dominating the papain market because of rapid urbanization and increasing population using meat products has increased the demand for the use of papain to tenderize meat products and is expected to continue its dominance over the forecast period 2017-2023. Rising awareness about healthy diet within the population and high consumer shift for naturally derived products has increased the demand for papain in this region. Development of new found technologies to produce pure and fine enzyme with a wide range product applicability has increased the overall yield which is also identified to be one of the key factors propelling the growth of this market.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/4539

Increasing technological innovations and sophisticated machinery to produce highly purified form and overall consistency has added up the production efficiency in the existing product line. Natural or plant derived proteolytic enzymes are expected to have potential market. Increasing adoption of a ready to eat food in developing countries, especially, in China and India have boosted the market growth in this region. Extensive use of chemically synthesized enzymes in meat industry might hamper the growth of the market over the review period. However, the overall growth of the Asia Pacific papain market is estimated to achieve an uplift.

Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Papain market players. It further includes product portfolios, developments of leading players, which includes

The major key players in the Papain Market are,

Senthil Papain and Food Products Pvt Ltd (India)
Fruzyme Bio Tech India Pvt Ltd (India)
Shri Ganesh Industrial Enzymes (India)
Aumgene Biosciences (India)
Enzybel International (Belgium)
Mitsubishi Kagaku Media (Japan) and
Ultra Bio-Logics Inc (Canada)

Key Findings:
Rising demand for clean label products, natural papain for meat tenderization will witness high demand for during the forecast period

Top exporters of used cooking oil include countries such as the U.S., Denmark, Germany, the Netherlands & U.K.

Segments:
Papain market is segmented on the basis of form, comprising of powder, liquid, capsule and others. Among them, powdered form occupies a major share in the market because of low processing cost and wide product range applicability.

Papain market is segmented on the basis of application, comprising of food & beverage, textile, cosmetic, pharmaceutical & others. Among them, food & beverage (meat industry) occupies a major share in the market because of ease of availability which has increased the market for use of naturally derived proteolytic enzyme such as papain for meat tenderization process in meat products.

Papain has been segmented on the basis of distribution channel, which comprises store based (supermarkets/hypermarkets, specialty retailers, convenience stores, others), and non-store based (e-commerce). Sale through store based channels dominates the market due to convenient one-stop shopping experience of the consumers.

Access Report Details @ https://www.marketresearchfuture.com/reports/papain-market-4539

Regional Analysis:
The global Papain market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America is estimated to retain its dominance throughout the forecast period of 2017-2023. The increasing consumer awareness and population shift for the use of natural products are considered to be one of the significant reasons for the rising growth in use of natural proteolytic enzyme such as papain in the North American market. However, Asia Pacific region is estimated to witness a maximum growth in the global papain market during the forecast period 2017-2023. The major importers of papain include the U.S., Denmark, Japan, France & Germany.

Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312

Source URL: https://marketersmedia.com/worldwide-papain-market-research-report-by-size-share-statistics-regional-trend-leading-players-updates-business-prospects-and-opportunity/331927

For more information, please visit https://www.marketresearchfuture.com/reports/papain-market-4539

Source: MarketersMedia

Release ID: 331927

Other Press Releases

On the road to make an affordable car, Tesla cuts jobs

Jan 18, 2019

Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. "Looking ahead at our mission of accelerating the advent of sustainable transport and energy, which is important for all life on Earth, we face an extremely difficult challenge: making our cars, batteries and solar products cost-competitive with fossil fuels," CEO Elon Musk said in a letter to staff. "While...

Total lunar eclipse meets supermoon Sunday night

Jan 18, 2019

CAPE CANAVERAL, Fla. — Here comes a total lunar eclipse and supermoon, all wrapped into one. The moon, Earth and sun will line up this weekend for the only total lunar eclipse this year and next. At the same time, the moon will be ever so closer to Earth and appear slightly bigger and brighter than usual — a supermoon. "This one is particularly good," said Rice University astrophysicist Patrick Hartigan. "It not only is a supermoon and it's a total eclipse, but the total eclipse also lasts pretty long. It's about an hour." The whole eclipse starts Sunday night...

Stocks keep climbing as hopes for US-China trade deal rise

Jan 18, 2019

NEW YORK — Stocks in the U.S. and Europe are surging Friday as renewed hopes for progress in trade talks between the U.S. and China contribute to the market's newfound optimism. The Dow Jones Industrial Average rose 364 points. Stocks rallied after Bloomberg News reported that China's government offered to buy more goods and services from the U.S., potentially eliminating its trade deficit by 2024. Technology and industrial companies made some of the top gains, while banks rose after more of them posted strong fourth-quarter reports. Stock indexes have made big gains since reaching a low point on Christmas Eve,...

Researchers come face to face with huge great white shark

Jan 18, 2019

HALIEWA, Hawaii — Two shark researchers who came face to face with what could be one of the largest great whites ever recorded are using their encounter as an opportunity to push for legislation that would protect sharks in Hawaii. Ocean Ramsey, a shark researcher and conservationist, told The Associated Press that she encountered the 20-foot (6-meter) shark Tuesday near a dead sperm whale off Oahu. The event was documented and shared on social media by her fiancé and business partner Juan Oliphant. The Hawaii Department of Land and Natural Resources said it was aware of photos of the great...

Arrow Electronics gets larger role with Schmidt IndyCar team

Jan 18, 2019

Arrow Electronics has significantly increased its partnership with Schmidt Peterson Motorsports and will enter the 2019 season as the title partner of the IndyCar team. Arrow Schmidt Peterson Motorsports unveiled its two-car driver lineup Friday at the Pepsi Center in Denver, not far from Arrow's Colorado headquarters. The team had three Dallara-Honda Indy cars on display, one for James Hinchcliffe, one for new driver Marcus Ericsson and one for injured driver Robert Wickens. Wickens suffered a spinal cord injury during a crash in August at Pocono Raceway and has been rehabilitating in a Denver facility. The Canadian won't compete this...

Broaden News

About Us

Stillsurge is a home for individuals to find the latest day-to-day Science and Technology news which electrify and empower their knowledge.

Contact us: sales@stillsurge.com