The Protein Hydrolysis Enzymes Global Market Report 2023, provides comprehensive information on the protein hydrolysis enzymes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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tThe global protein hydrolysis enzymes market size is expected to grow from $2 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global protein hydrolysis enzymes market size is expected to reach $2.63 billion in 2027 at a CAGR of 5.5%.
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Technological advancement is the key trend gaining popularity in the protein hydrolysis enzymes market. Major companies operating in the protein hydrolysis enzymes market are focusing on developing new technologies to sustain their market position. For instance, in November 2021, Biocatalysts Ltd., a UK-based biotechnology company producing specialty enzymes, launched Promod® 324L, a new enzyme for the pet food industry. The unique feature of Promod 324L is its broad substrate specificity and strong efficacy in the hydrolysis of both animal and fish proteins. The solubility and viscosity of animal protein can be increased during enzymatic breakdown using P324L to make the protein more processable.
The protein hydrolysis enzymes market is segmented:
1) By Type: Microorganisms, Animals, Plants
2) By Method Of Production: Extraction, Fermentation
3) By Application: Detergent and Cleaning, Food and Beverage, Animal Feed, Textile, Dairy, Other Applications
Asia-Pacific was the largest region in the protein hydrolysis enzymes market in 2022.
The table of contents in TBRC’s protein hydrolysis enzymes market report includes:
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