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A recent report published by Infinium Global Research on papain market provides in-depth analysis of segments and sub-segments in global as well as regional papain market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional papain market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global papain market. According to the report, the global papain market is projected to grow with the healthy CAGR over the forecast period of 2018-2024.
Papain is a naturally extracted cysteine proteolytic enzyme, found in papaya. It is also known as papaya proteinase. Papain is obtained from the papaya by cutting the skin of the unripe papaya, and then the latex is collected and dried. The content of the papain is more in the green papaya as compared to yellow and ripened papaya. Papain belongs to the superfamily of papain enzyme.
Papain is used to preferentially cleave the peptide bonds that include essential amino acid particularly arginine, lysine, and phenylalanine. Papain has various applications in pharmaceuticals, drug designing, food industry, and industrial applications. Papain is also used in the treatment of sports injuries, allergies, and other health-related problems. Furthermore, Papain is used in the meat industry as a meat tenderizer. Nowadays, Papain is been adopted in the brewery industry as well. It is also being used as a clarifying agent in the food industry. The medicinal properties of papain make it significant in treating parasitic worms, diarrhea, inflammation of the throat and pharynx, shingles symptoms, runny nose, hay fever, psoriasis. It is also used in preparing several remedies for ulcers, indigestion, fever, and swelling.
Several factors are fueling the growth of global papain market that includes rising health concern among the consumers, increasing applications in pharmaceutical and food industry. Also, high demand of papain for meat tenderizers, and increasing demand for natural enzymes. Furthermore, the rise in the use of papain in the different end-user industry has led to the surge in the demand for papain, which fuels the market growth. Companies producing papain related products are intensively investing in research and development to cater to the growing demand of the papain related product. However, the availability of artificial enzymes restrains the market growth. Technological development in the manufacturing of papain has led to an increase in production, which is expected to provide growth opportunities for the market.
On the basis of region, the global papain market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is the market leader in the papain market globally. It is estimated to retain its dominating position, throughout the forecast period. The increasing consumer awareness and population’s consumption pattern shift for the use of natural products are considered to be one of the significant reasons for the rising growth in the use of natural proteolytic enzyme for the medicine, and meat tenderization are boosting the demand of papain market the North America region. However, the Asia-Pacific region is estimated to witness maximum growth in the global papain market during the forecast period, due to several application of papain products in medicine, textile, meat tenderization, and several others.
The report on global papain market covers segments such as form, application and distribution channel. On the basis of form, the global papain market is categorized into powder, liquid, capsule, and others. On the basis of application, the global papain market is categorized into food & beverage, textile, pharmaceutical, cosmetic and others. On the basis of the distribution channel, the global papain market is categorized into the conventional store, organized retail store and online retail store.
`The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth with the healthy CAGR over the period of 2018-2024.
The report provides profiles of the companies in the global papain market such as Aumgene Biosciences, Excellent Biotechnologies, Beckmann-Kenko GmbH, AXO Industry SA, Fruzyme Biotech India Pvt Ltd, Biofact India Enterprises, Hexon Laboratories Pvt. Ltd., Chemos GmbH, Nikunj Chemicals, and LGM Pharma.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global papain market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of papain market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the papain market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the papain market to understand the present and future trends in this market and formulate their strategies accordingly.
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