Papain is used to tenderize meat, which is an active component in powder form. It is called as papaya proteinase I, and is native to Latin America. It has a massive demand in the global market. Papain is also used in toothpaste to clean up dead tissue in chronic wounds. Its end users are leather, pharmaceutical, detergents, cosmetics, tanning, food & beverage, textile, and photographic. Papain has various medicinal properties like treating parasitic worms, diarrhea, inflammation of the throat and pharynx, shingles symptoms, runny nose, hay fever, psoriasis, etc.
MARKET DYNAMICS
The papain market has witnessed a growth in demand of papain products from meat tenderizers. Furthermore, the demand for natural enzymes is subsequently increasing leading to an increase in the demand of papain. However, artificial enzymes acts as a substitue to the product owing to ease in available at cheap price. This may restrain the growth of the mariket. Nevertheless, the papain market is expected to grow owing to the rise in urbanization coupled with rise in disposible income and increase in focus towards health.
MARKET SCOPE
The "Global Papain Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Papain market with detailed market segmentation by form, application and distribution channel. The global papain market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading papain market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global papain market is segmented on the basis of form, application, and distribution channel. On the basis of form, the papain market is segmented into powder, capsules and liquid. The papain market on the basis of the application is classified into food and beverage, textile, pharmaceutical, cosmetic and others. On the basis of distribution channel, the papain market is segmeted into store and non-store.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Papain market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The papain market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the papain market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the papain market in these regions.
MARKET PLAYERS
The reports cover key developments in the papain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Papain market are anticipated to lucrative growth opportunities in the future with the rising demand for Papain in the global market. Below mentioned is the list of few companies engaged in the papain market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the papain market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aumgene Biosciences
- Biofact India Enterprises
- Enzybel International
- Excellent Biotechnologies
- Fruzyme Biotech India Private Limited
- Hexon Laboratories Pvt. Ltd
- Nikunj Chemicals
- S.I. BIOZYME
- Senthil Group of Companies
- Ultra Bio-Logics Inc.