Papain
is a natural cysteine proteolytic enzyme present in mountain papaya
(Vasconcellea cundinamarcensis) and papaya (Carica papaya). It is
native to Latin America and is also called as papaya proteinase I. It
is used to tenderize meat eaten as it breaks down tough meat fibers.
Papain is an active component in powder form for meat tenderizers and
has a huge demand in the global market. Papain also used in
chemo-mechanical dental caries removal gel known as Papacarie, as a
tooth whitener in mint sweets and toothpaste, to clean up dead tissue
in chronic wounds, as a component of many enzymatic debriding
preparations, and cell dissociation in cell culture preparations. The
end-use industries of the papain include leather, food &
beverages, detergents, cosmetic, tanning, optical, photographic,
textile, and pharmaceutical. The North America papain market accounts
for relatively high revenue share, followed by Western Europe papain
market over the forecast period, attributed to relatively strong
demand for papain and broad availability of raw material in the
regions.
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Some
of the important factor fueling the growth of global papain market
include rising health concern among the consumers, high demand for
meat tenderizers, and increasing demand for natural enzymes. To
counter the same, papain market players are investing in research and
development and production of papain to meet the regulatory
specification with increasing demand. Some macroeconomic factors
making a positive impact on global papain market includes increasing
population, the rapid rate of urbanization, and growing domestic
income. The trend identified in the global papain market is mergers
and acquisitions between papain producers and papaya suppliers. The
company manufacturing papain products has a significant opportunity
in regions such as North America, Europe, and Asia Pacific,
attributed to high demand for natural enzymes and growing health
consciousness among a large number of population. Companies have a
significant opportunity in global papain market through collaboration
with raw material supplier i.e. papaya vendor and through backward
integration in the market as a raw material is a key factor for the
market.
By
geographies, the global papain
market is segmented into seven regions -- North America, Western
Europe, Asia-Pacific except Japan, Eastern Europe, Latin America, the
Middle East & Africa, and Japan. Among the regions, North America
accounts for a relatively high share of the global papain market in
terms of value, owing to strong demand for natural enzymes
particularly in the U.S. Western Europe is followed by North America
in global papain market, attributed to high demand for meat
tenderizers across the region. Eastern Europe and Japan also accounts
for significant value share in the global papain market. The
Asia-Pacific is expected to register relatively high growth rate in
the global papain market over the forecast period, owing to the
robust growth of pharmaceutical industry due to rapidly growing
population across the region particularly in the countries such as
China and India. Latin America and Middle East Africa is expected to
have relatively high opportunity for papain market players,
attributed to the rapid rate of industrial growth and high demand for
meat products. Overall, the outlook for the global papain market will
have a positive growth over the forecast period.
Few
players of papain market include Senthil Papain and Food Products (P)
Ltd., FRUZYME BIO TECH INDIA PVT LTD, Shri Ganesh Industrial Enzymes,
Aumgene Biosciences, Shree Sai Agros, Parchem fine & specialty
chemicals, Ultra Bio-Logics Inc., LGM Pharma, Chemos GmbH,
Beckmann-Kenko GmbH, and AXO Industry SA.
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