The Europe Protein Hydrolysis Enzymes Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
The most widely utilized protein hydrolysis methods in industry, which mimic the hydrolytic process, include protease enzymes like pancreatic protease. Numerous end-use industries, including food, detergents, photography, animal feed, medicines, and textiles, use these enzymes. Over the forecast period, the industry is expected to be driven by increasing usage of protease enzymes due to a variety of benefits they provide, including the hydrolysis of protein peptides into amino acids.
Demand is expected to be driven in the near future by the improvement and modification of characteristics in food proteins as well as lower feed costs for protein hydrolysis enzymes. It is projected that increased product utilization in reducing nitrogen content and phosphorus pollution will positively affect industrial growth.
Based on R&D spending and the number of patent applications, Germany is one of the top places for clinical trials worldwide and the European center for pharmaceutical innovation. Many German organizations have also joined international efforts to tackle the Covid-19 pandemic, building on these competencies. Germany, the most populated nation in Europe, provides great opportunities and a favorable investment climate for pharmaceutical businesses looking to develop globally. Germany benefits from good infrastructure and a highly qualified workforce.
The Germany market dominated the Europe Protein Hydrolysis Enzymes Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $204.1 million by 2028. The UK market is anticipated to grow at a CAGR of 5.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.8% during (2022 - 2028).
Based on Source, the market is segmented into Plants, Animals, and Microorganisms. Based on Application, the market is segmented into Detergents, Pharmaceuticals, Food, Textiles & Leather, and Others. Based on Product, the market is segmented into Microbial Product (Alkaline Protease, Acid Protease, and Neutral Protease & Others), Plant Product (Papain, Bromelain & Others, Trypsin, Pepsin, and Renin & Others), and Animal Product (Trypsin, Pepsin, and Renin & Others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Protein Hydrolysis Enzymes Market will Hit $3.1 Billion by 2028, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Novozymes A/S, Associated British Foods PLC (Wittington Investments Limited), Koninklijke DSM N.V., DuPont de Nemours, Inc., BASF SE, Advanced Enzyme Technologies Limited, Chr. Hansen Holding A/S, Dyadic International, Inc., Amano Enzyme, Inc., and Biocatalysts Limited (Brain AG).
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