Transparency Market Research has published a new report, titled, “Protein Hydrolysis Enzymes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” As per this report, the increasing the option of protease enzymes across several Industries is leading to the growth of the protein hydrolysis enzymes market. The increasing focus on the expansion of application base, by market players will result in the steady growth of the global protein hydrolysis enzymes market. Important factors boosting the global protein hydrolysis enzymes market include reduction in the feed cost as well as modification of the properties in food proteins.
Some of the key factors helping the global protein hydrolysis enzymes market to grow include nutritional value of poultry meal, importance of health values, and low allergic infant food. On the negative side however, the effect of temperature will impact the market negatively. The replacement by chemicals is another challenge which will hamper the growth of the global protein hydrolysis enzymes market. The limited food application of protein hydrolysis enzymes will also should restrict the growth of this market.
The growing demand for healthy and environmental friendly products is expected to create growth opportunities for market players. In addition to this the optimization of animal nutrition as well as increasing demand for non-allergic food products especially in the dairy sector are estimated to open many new doors of opportunities for the global protein hydrolysis enzymes market. There is also a growing inclination to what’s clean label product which in turn boost the demand for protein hydrolysis enzymes another non-allergic food sector.
On the basis of geography, the global protein hydrolysis enzymes market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World. Of these, North America is predicted to generate the highest revenue for protein hydrolysis enzymes market and will witness a significant growth for the rest of the forecast period. A large number of market players in the detergent and cleaning industry will contribute to the growth of the protein hydrolysis enzymes market in North America. Moreover, the demand for these enzymes is high from across industries and this would also help the market to grow in the region.
Apart from North America, Asia Pacific offers immense opportunities which are still untapped especially in the developing nations, for protein hydrolysis enzymes. With an increase in the preference for Innovative and convenient products by consumers in the cleaning and detergent industry, the Asia-Pacific market for protein hydrolysis enzymes is forecasted to showcase a healthy growth in the next few years.
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The global protein hydrolysis enzymes market is predicted to be competitive in nature and this is on account of the growing number of market players. Industry participants are focusing immensely on technological advancements so as to help in the development of newer products. Names of the key players operating within the global protein hydrolysis enzymes market are: Ab Enzymes, Specialty Enzymes & Biotechnologies Co., Dyadic International, Inc., Advanced Enzymes Novozymes A/S, Royal DSM, and Solvay EnzymesTostito’s Salsa.