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Global Protein Hydrolysis Enzymes Market Is Set for a Rapid Growth, to Reach USD 3117.5 Million by 2021

iCrowdNewswire   Oct 1, 202011:00 PM ET

Zion Market Research has published a new report titled “Protein Hydrolysis Enzymes Market by Source (Animal, Plant, and Micro-organism) and by Application (Detergent and Cleansing, Pharmaceutical, Food and Beverages, Textile, and Others) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2026”. According to the report, global demand for protein hydrolysis enzymes market was valued at approximately USD 2,839.6 million in 2019, and is expected to generate revenue of around USD 4,104.4 million by end of 2026, growing at a CAGR of around 5.5% between 2020 and 2026.

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Massive Application in Pharmaceutical Industry to Extend Market’s Growth

Protein hydrolysis is the process of breakdown of protein into smaller peptides and free amino acids. Protein Hydrolysis Enzymes also known by name “protease enzymes” and they are classified under the “hydrolases group”. Protease enzymes are extracted from a source of animal-based proteases like trypsin, plant-based proteases like papain and a large variety of microbial source proteases. Protease enzyme used in various industries such as detergent and cleansing, pharmaceuticals, food and beverages, textile and other application.

Protein Hydrolysis Enzymes are prescribed for better digestion of food products as it uncovers the nutrition value of foods coupled with improving the nutritional value of food which is used as a precursor for propelling the growth of protein hydrolysis enzymes market. Furthermore, its wide application in pharmaceutical industry is expected to fueling the growth of global protein hydrolysis enzymes market. However, limited application in the food industry can restrict the growth of protein hydrolysis enzymes market. Nonetheless, nutritional food for pets will serve as major opportunities for upcoming growth of protein hydrolysis enzymes market.

Geographically, North America accounted for the largest share of the protein hydrolysis enzymes markets followed by Europe in 2019. The market growth in this region is anticipated by many reasons such as increasing demand for environment-friendly products. Additionally, demand for protein hydrolysis enzymes is increasing in Asia-Pacific region due to rapidly expanding animal feed, detergent, and pharmaceutical industry in this region.

This report segments the global protein hydrolysis enzymes market as follows:

Global Protein Hydrolysis Enzymes Market: Source Segment Analysis

Global Protein Hydrolysis Enzymes Market: Application Segment Analysis

Global Protein Hydrolysis Enzymes Market: Regional Segment Analysis

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Keywords:    Global Protein Hydrolysis Enzymes Market

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