Global protein hydrolysis enzymes
market is expected to reach over USD 2 billion by 2022 growing at an estimated
CAGR of over 5% from 2015 to 2022. The industry is anticipated to witness rapid
growth over the forecast period owing to rising demand from various end-use
industries including pharmaceuticals, photography, animal feed, food,
detergents, and textiles. Detergent and textile manufacturing was the largest
application segment accounting for over 50% of the market volume share in 2014.
Protein hydrolysis refers to the
breakdown of proteins into amino acids and smaller peptides. Protease enzymes
including pancreatic protease are most common protein hydrolysis techniques
used commercially, which simulates the hydrolytic process. The industry uses
various enzymes from different sources including animals, plants, and
microorganisms. These enzymes find applications in various end-use industries
including food, detergents, photography animal feed, pharmaceuticals, and
textiles.
Rising protease enzymes adoption
owing to various advantages they offer including hydrolysis of protein peptides
into amino acids is anticipated to drive the industry over the forecast period.
Escalating product demand from economies such as India, China, Vietnam, and
Japan is anticipated to fuel market growth over the next seven years.
Advancement and modification of
properties in food proteins coupled with reduced feed costs for protein
hydrolysis enzymes are anticipated to steer demand over foreseeable future.
Rising product use in controlling nitrogen content and phosphorus pollution is
anticipated to have a positive impact on industry growth. Limited application
scope in food processing is estimated to hinder industry growth. Rising
bio-chemicals use as substitutes in industrial processes is anticipated to
negatively impact industry expansion.
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Rising environment-friendly
products’ demand, particularly in Europe and North America is expected to
facilitate commercialization of protein hydrolysis enzymes over the next seven
years. Innovative technological platforms coupled with rising number of new
protease products for various niche applications offer immense opportunities to
the industry participants.
On the basis of sources, the
global protein hydrolysis enzymes industry has been segmented into
microorganisms, animals, and plants. Microorganisms were the largest product
segment in 2014. This segment is expected to witness the fastest growth over
the forecast period on account of rising demand in detergent and cleaning
applications.
On the basis of application, the
industry has been segmented into detergent, pharmaceuticals, and food. Detergent
was the largest application segment in 2014 and is expected to grow at rapid
rates over the next seven years on account of rising hygiene concerns and
measures to control spreading infectious diseases.
Food was another major
application segment in 2014 and is expected to grow at above average rates over
the forecast period on account of rising processed food demand, primarily in
economies including the U.S., France, Australia, and China.
North America was the largest
protein hydrolysis enzymes consumer in 2014 and is anticipated to grow at rapid
rates over the next seven years. High consumption growth is attributed to
growing animal feed and detergent market in the region. The market has been
positively affected by growing pharmaceutical industries in the region.
Asia Pacific is expected to
witness fastest growth over the foreseeable future owing to growing detergent,
animal feed and pharmaceutical industry in the region, particularly in emerging
economies such as India, China, and Vietnam. Consumers are exploiting new
convenient products with the growing detergent & cleaning market in the
region.
Europe is anticipated to witness
stagnant growth over the next seven years. Europe is characterized by growing
green products demand coupled with rising cleaning agents demand. These factors
coupled with growing pharmaceutical and animal feed industries may be
attributed to the growth in Europe, particularly Eastern Europe.
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