About Papain Powder
Papain powder is a proteolytic enzyme extracted from the raw fruit of the papaya plant. It is widely used as an ingredient in meat tenderizers as it helps break proteins down into smaller protein fragments called peptides and amino acids. Papain is a popular folk remedy to reduce pain, inflammation, and swelling and is also used as a digestive aid and fluid retention. However, in cosmetics, it is used to treat infected wounds, sores, and ulcers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Papain Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Enzybel-BSC (Canada), Senthil Papain and Food Products (India), Fruzyme Biotech (India), Mitsubishi Chemical Corporation (Japan), Patel Remedies Pvt. Ltd. (India), Guangxi Nanning Javely Biological Products (China), Epic Herbs (United States), Saipro Biotech (India), Herbo Nutra (India), Rosun Natural Products (India), Krishna Enzytech Pvt Ltd (India) and Enzyme Bioscience Private Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Papain Powder market by , Application (Food & Beverages, Feed industry, Pharmaceuticals, Cosmetics and Others) and Region.
On the basis of geography, the market of Papain Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Papain Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Paper Drum will boost the Papain Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial Grade will boost the Papain Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing R&D Activities for the Development of New Applications of Papain
Market Growth Drivers:
Increasing Demand for Papain Powder as a Food Ingredient in Food Processing Industry and Advancements in genetic engineering, expression, and immobilization techniques
Challenges:
Availability of Substitutes at Lower Cost
Restraints:
Allergic Reactions and Throat & Stomach Damage Due to Excessive Consumption
Opportunities:
High Adoption of Meat and Growing Popularity of Meat Tenderizer
Market Leaders and their expansionary development strategies
In December 2020, Biocatalysts Ltd, a supplier of enzymes to the food, flavor and fragrance, life science, chemical and pharmaceutical industries, has launched a new ingredient, Promod™ 971MDP (P971MDP), for use in pet food. The new ingredient is a microbial alternative for papain and pancreatic lipase. It was developed to complement the company’s other recently launched enzyme ingredient for use in pet food applications, Lipomod™ 888MDP (L888MDP).
In December 2020, Enzyme specialists, Biocatalysts Ltd, announce the launch of their new enzyme Promod® 971MDP. It has been developed specifically for the pet food industry and complements their recently launched Lipomod® 888MDP. Offering pet food palatants producers and pet food ingredient suppliers an alternative to papain and pancreatic lipase for use in their product manufacturing processes. Promod® 971MDP (P971MDP) has been designed as a microbial alternative to papain, its high enzymic activity and cost in use as well as supply continuity and product quality makes it a genuine substitute for papain.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Papain Powder Manufacturers, Suppliers and Distributors of Papain Powder, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.