Global Protein Hydrolysis Enzymes Market will hit $3,117.5 mn by 2021

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Global Protein Hydrolysis Enzymes Market will hit $3,117.5 mn by 2021

According to the report, the global protein hydrolysis enzymes market accounted for USD 2,259.2 million in 2015 and is expected to reach USD 3,117.5 million by 2021, growing at a CAGR of around 5.2% between 2016 and 2021.

Protein hydrolysis is the process of breakdown of protein into smaller peptides and free amino acids. Protein hydrolysis enzymes also known by name “protease enzymes” and they are classified under the “hydrolases group”. Protease enzymes are extracted from a source of animal-based proteases like trypsin, plant-based proteases like papain and a large variety of microbial source proteases. Protease enzyme used in various industries such as detergent and cleansing, pharmaceuticals, food and beverages, textile and other application.

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The market of global protein hydrolysis enzymes has been accelerated by rising demand for detergent in the industrial sector for removing protein stain. Moreover, protein hydrolysis enzymes prescribed for better digestion of food products as it uncovering the food value of foods coupled with improving the nutritional value of food which is used as a precursor for propelling the growth of protein hydrolysis enzymes market. Furthermore, its wide application in pharmaceutical industry is expected to fueling the growth of global protein hydrolysis enzymes market. However, limited application in the food industry can restrict the growth of protein hydrolysis enzymes market. Nonetheless, nutritional food for pets will serve as major opportunities for upcoming growth of protein hydrolysis enzymes market.

Based on the source, protein hydrolysis enzymes markets are classified into three types: animal (trypsin), plant (papain) and micro-organism. Microbial protease was contributing maximum market shares in 2015 followed by plant and animal protease. Microbial sources produced enzymes are more advantageous than their equivalents from animal or vegetable sources. The advantages comprise lower production costs, the possibility of large-scale production in industrial fermentors, the wide range of physical and chemical characteristics, possibility of genetic manipulation, the absence of effects brought about by seasonality, rapid culture development and the use of non-burdensome methods.

Based on application, protein hydrolysis enzymes markets are classified into five segments: detergent and cleansing industry, pharmaceutical, food and beverages, textile and others application. The food industries are the major protease using industries. However, they have also found widespread application in laundry detergents.

Key market player of protein hydrolysis enzymes market is Royal DSM, Novozymes A/S, Ab Enzymes, Dyadic International, Inc., Solvay Enzymes, and Specialty Enzymes & Biotechnologies Co.