About Papain
Papain is a natural aminoalkanoic acid proteolytic enzyme present in mountain papaya (Vasconcellea cundinamarcensis) and papaya (Carica papaya). it is native to Latin America and is additionally known as papaya enzyme. it is used to tender meat eaten because it breaks down powerful meat fibers. papain is an active component in powder kind for meat tenderizers. Popain has different application in pharmaceuticals, drug design, the food industry and industrial applications.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | North America |
Unit | Value (USD Million) |
The global market for the popain is fragmented by the global key players in order to cater the different applications of popain enzyme like leather manufacturing, food and beverages and others. The players should focus on the efficient extraction process and roduct innovation for pharmaceuticals and healthcare. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Papain 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.
Senthil Papain and Food Products (P) Ltd. (India), Fruzyme Bio Tech India Pvt Ltd (India), Shri Ganesh Industrial Enzymes (India), Aumgene Biosciences (India), Shree Sai Agros (India), Parchem fine & specialty chemicals (United States), Ultra-Bio-Logics Inc. (Canada), LGM Pharma (United States), Chemos GmbH (Germany) and Beckmann-Kenko GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AXO Industry SA (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Papain market by , Application (Animal Feed, Dietary Supplements, Food and Beverage & Ingredients) and Region.
On the basis of geography, the market of Papain 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). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Form, the sub-segment i.e. Powder will boost the Papain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Papain 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. Food Grade will boost the Papain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2018, the US Food and Drug Administration (FDA) stated that companies need to control the advertisements of ophthalmic balanced salt solutions and topical drug products containing papain as it should be approved by the FDA for the trials and procedure.
Market Drivers
- Rising Health Concern Among the Consumers
- High Demand for Meat Tenderizers and Natural Enzymes
Opportunities
- Rise in Usage of Enhancement Enzymes in Cosmetic Industry
Restraints
- Health Hazards due to Uncontrolled Usage like vision loss and drop in blood pressure Hamper the Market
- Processing of papains requires high initial investments
Challenges
- Availability of the Substitutes Tenderisers and Enzymes
Key Target Audience
Papain Manufacturer, Provider/Distributor, Raw Material Manufacturer, Research Institutes, End User Industry 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.