The global Papain market was valued at 159.17 Million USD in 2021 and will grow with a CAGR of 3.84% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Papain is a kind of protease which extracted from the unripe papaya. It is with great catalytic hydrolysis performance for the protein at certain temperature and PH value. Papain is widely used in food, feed, medical, cosmetic and other industries.First, papain is a kind of protease which with great catalytic hydrolysis performance for the protein at certain temperature and PH value. Papain are widely used in food, feed, medical, cosmetic and other industries. It is a kind of biological enzyme preparation, 100% natural, health, security, and highly effective. So they can instead some chemical catalyst in some industries which may be unhealthy for the people. So papain is kind of product which with huge market potential in the future. Second, Papaya is the main raw material for the production of papain. With the development of the downstream industries, Papain production is increasing during recent years. Papaya farmers entered into the papain industry. Third, all manufactures in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world`s leading technology too. Forth, this industry is affected by the economy and policy, so it`s important to put an eye to economic indexes and leaders` prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Papain will increase. Fifth, the global papain production will increase to 1778.67 MT in 2015, from 1357.86 MT in 2010, it is estimated that the global papain demand will develop with an average growth rate of 4.5 % in the coming five years. Sixth, we tend to believe that this industry is not mature enough, so the consumption increasing curve will show a smooth degree. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands is going to be narrow. Similarly, there will be fluctuation in gross margin.

By Market Verdors:

S.I. Chemical

M/S Shri Ganesh

Enzybel-BSC

MITSUBISHI-KAGAKU

SENTHIL

PATEL REMEDIES

Fruzyme Biotech

Rosun Natural Products

Pangbo Enzyme

Nanning Doing-Higher Bio-Tech

Huaqi

TIANLV

Nanning Javely Biological

Guangxi Academy of Sciences

By Types:

Papain Refined

Papain Crude

By Applications:

Food Industry

Feed Industry

Medical Application

Cosmetic Industry

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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