Protein Hydrolysis Enzymes Market
Protein Hydrolysis Enzymes Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Microorganisms, Animals, Plants
- By Application Detergents, Pharmaceuticals, Food, Others
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 1.05 Billion |
Revenue 2030: | USD 1.54 Billion |
Revenue CAGR (2023 - 2030): | 4.90% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
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Protein Hydrolysis Enzymes Market
Market Synopsis:
Global Protein Hydrolysis Enzymes Market is valued at USD 1.05 Billion in 2022 and estimated to reach a value of USD 1.54 Billion by 2030 at a CAGR of 4.90% during the forecast period, 2022–2028. The market for all types of food enzyme has been experiencing high demand responses. Food manufacturers use these enzymes to increase their production efficiency, enhance flavor and improve the texture of their products. What's more, increasing health awareness among consumers is also fueling an increased demand for enzyme-rich foods, which are thought to include lower fat and sugar content than foods without enzymes.
Protein Hydrolysis Enzymes Market Size, 2022 To 2030 (USD Billion)
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Rise in Vegetarianism to Drive Growth of Protein Hydrolysis Enzymes Market
The rise in vegetarianism has resulted in a higher demand for meat substitutes, with soy protein-based products being popular alternatives. This has been accompanied by an increase of the price of soybeans over the last few years. The increased cost of raw materials is driving up prices for end consumers. In response to this trend, food manufacturers are increasingly aiming to improve the functionality of soy protein ingredients.
This trend towards increasing functionality is one factor driving demand for Protein Hydrolysis Enzymes . This process breaks down proteins into smaller fragments called peptides and further hydrolyses them into amino acids (the building blocks of proteins). The application of enzyme technology in food processing has allowed manufacturers to replace expensive traditional ingredients such as milk, eggs and meat with relatively inexpensive hydrolyzed proteins.
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Market Segmentation:
Global Protein Hydrolysis Enzymes Market is segmented by Sources (Microorganisms, Animals, Plants), Applications (Detergent Industry, Pharmaceuticals, Food Industry and Others), and region. North America is projected to dominate the global market due to strong presence of end-use industry in the US and Canada. On the other hand, Asia Pacific to continue witnessing fastest growth. By Source, microorganism segment to lead the global market.
By Application, Food and Beverages Segment to Dominate Protein Hydrolysis Enzymes Market
Protein Hydrolysis Enzymes are used in a wide range of food applications such as bread, ice cream and bakery products. This is because their properties promote dough strength, uniformity, increased volume and crumb grain. The market for dairy products has also experienced considerable growth due to the enzyme's ability to increase the amount of cheese, enhance flavor and texture. Furthermore, using enzymes in meat processing can improve yields, reduce curing time and costs while improving product quality by reducing purge loss.
Protein Hydrolysis Enzymes are used for both functional and nutritional purposes; they act as emulsifiers to disperse oil or fat droplets in water, reducing the amount of fat in food products. These enzymes are also used to break down gluten into smaller components that can be substituted for wheat flour when making bread. Other benefits include improved taste, texture and digestibility due to their ability to break down proteins found in grains, seafood and vegetables.
By Source, Microorganism to Dominate the Protein Hydrolysis Enzymes Market
Microorganisms are the largest producer of enzymes and microorganisms’ proteins for different applications such as biofuels, bioremediation and production of high added value fine chemicals. Owing to their good performance in product concentration, high productivity and low production costs, microbial cells have been more popular than other sources. Even though they contain a great amount of secreted proteins, their production is still behind that of microbial enzymes.
Hence, the main reason for the high demand in these enzymes is owing to low cost and ease in purification as well as stability under wide range of conditions. In addition to these factors, most microbial enzymes are easy to preserve and store, as they are stabilized by an inert support such as silica sol.
North America to Dominate Protein Hydrolysis Enzymes Market
The U.S is the largest consumer and producer of Protein Hydrolysis Enzymes , where it accounted for more than one third of global imports and exports in 2019; other major producers include Europe and China. The demand from North America is based on the high per capita protein consumption and growing availability of low-cost feedstock.
The European market for Protein Hydrolysis Enzymes has been led by Germany and France, which accounted for more than 40% of combined imports and exports in 2018; Denmark, Italy and the Netherlands also played important roles due to their high protein demand due to their dairy industry.
In Asia Pacific, China, India, Japan and South Korea accounted for more than 60% of total imports and exports in 2018. China is the largest producer and consumer of Protein Hydrolysis Enzymes in Asia; it accounts for about 40% of global production capacity.
Key Players:
Major players in the market are Novozymes, Ab Enzymes, Royal Dsm, Advanced Enzymes, Specialty Enzymes & Biotechnologies Co., Jiangsu Boli Bioproducts Co., Ltd, E.I. Dupont De Nemours & Company, Dyadic International, Inc., Amano Enzymes, and Solvay Enzymes.
Protein Hydrolysis Enzymes Market is segmented as follows:
Parameter
Details
Segments Covered
By Type
By Application
By Region
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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Protein Hydrolysis Enzymes Market is tabulated as follows:
FAQ
Frequently Asked Question
What is the global demand for Protein Hydrolysis Enzymes in terms of revenue?
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The global Protein Hydrolysis Enzymes valued at USD 1.05 Billion in 2022 and is expected to reach USD 1.54 Billion in 2030 growing at a CAGR of 4.90%.
Which are the prominent players in the market?
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The prominent players in the market are Novozymes, Ab Enzymes, Royal Dsm, Advanced Enzymes, Specialty Enzymes & Biotechnologies Co., Jiangsu Boli Bioproducts Co., Ltd, E.I. Dupont De Nemours & Company, Dyadic International, Inc., Amano Enzymes, and Solvay Enzymes..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.90% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Protein Hydrolysis Enzymes include
- Rise in Vegetarianism
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Protein Hydrolysis Enzymes in 2022.