Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Protein Hydrolysis Enzymes Market size is expected to reach $3.1 billion by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Plants segment is showcasing a CAGR of 7% during (2022 - 2028). This is due to the efficient results of enzymatic hydrolysis of plant proteins, which increases their solubility and enables the production of plant protein-based beverages with faster protein absorption and digestion, there is an increasing need for environmentally friendly goods.
The Detergents segment acquired maximum revenue share in the Global Protein Hydrolysis Enzymes Market by Application in 2021 thereby, achieving a market value of $933.8 million by 2028. The enzymes employed in detergent formulations, including those for protein hydrolysis, have high activity and are stable across a wide pH and temperature range. Due to the high demand for detergent in the market to remove protein stains, the market is expanding in this region.
The Animal Product segment has shown the growth rate of 6.6% during (2022 - 2028). The manufacture of digest, a hydrolyzed concentrate utilized as a taste in dry pet food to increase its palatability, is a common application for proteases in pet food. The usage of proteases can reduce the excretion of N and ammonia, which benefits the environment. As a result, the market for protein hydrolysis enzymes would grow in this segment.
The North America market dominated the Global Protein Hydrolysis Enzymes Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is exhibiting a CAGR of 6% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 7.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Novozymes A/S, Associated British Foods PLC (Wittington Investments Limited), Koninklijke DSM N.V., DuPont de Nemours, Inc., BASF SE, Advanced Enzyme Technologies Limited, Chr. Hansen Holding A/S, Dyadic International, Inc., Amano Enzyme, Inc., and Biocatalysts Limited (Brain AG).
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