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.
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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.
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