Papain Market Size, Share and Analysis By Type (Powder, Liquid, Capsules, Others), By Distribution Channel (Supermarkets, Specialty Stores, Online Sales Channel) and Regional Forecast, 2024-2032

Papain plays a crucial role in contributing the health-essential nutrients that fuel the papain market's key drivers. Papain, a well-known folk enzyme isolated from papaya, belongs to the proteolytic group of enzymes. The use of papain ranges from food and beverages to pharmaceuticals, cosmetics, textiles, and animal feeds across the globe. These proteolytic enzymes focus on producing smaller fragments, peptides, and amino acids by breaking down the proteins. The advantages of papain have been known for ages and, thus, used to produce papain-rich products to improve texture and quality. Over the past years, the papain market has exhibited prominent growth due to the rising consumer inclination towards consuming health enhancers.

Papain is a renowned enzyme, and many benefits were largely observed in the animal feed sector as it contributes to higher digestibility and nutrient-rich feed. The global papain market is expected to witness substantial demand from the animal feed sector due to farmers' rising knowledge of animal nutrition. The role of papain has poised the industry, majorly due to its therapeutic properties that helps in healing digestive ailments, increase antioxidant activity, and help boost the body's immune response.

Impact of COVID-19 on Papain Market

The ongoing global pandemic of coronavirus has created a wave of disturbance in terms of financial, economic, and resource crises amidst the population. The market leaders proposed different strategies such as discount schemes or online sales to maintain the food business race during the harsh times of the pandemic. Since the year 2020, the effects of the global disaster is still affecting the papain industry in different ways, such as scarcity of raw or finished products, lack of capital investments, labor, and transportation. Later, in 2021, limited growth was witnessed, specifically in the food and beverage sectors, as per the demands of the health-driven population. Based on the overall market trade, the European market has witnessed constant growth with minor alterations in the distribution system.

Key Insights:

The report will cover the following key insights:

• Overview of parent/related market


• Strategies to regulate the growth of the Papain Market


• Innovations/ Developments in the Papain Industry


• Impact of COVID-19 on Papain Market

Analysis by Distribution Channel

Based on the distribution channel, the market is segmented into supermarkets, specialty stores and online sales channel. Initially, supermarkets and specialty stores used to be the prime focus for a lot of consumers due to the convenience of mobility. But, nowadays, the demand for online channels has increased enormously due to the ease of purchasing and availability. Such instances have paved the way for consumers to use digital technology for future advancements. Organic papain's functionality has been recognized for ages and has been widely used as a stabilizing agent, tenderizing agent for meat, and clarifying agent in the food industry. Moreover, it is also used in pharmaceutical and cosmetic industries across the globe.

Regional Analysis

To gain extensive insights into the market, Request for Customization

Asia-Pacific holds the highest revenue share in the consumption of papain-rich products globally. The growing demand for plant-based derivatives has impacted the consumer's perception, owing to the opportunities in the papain market across the world. North America has also experienced a stable market growth due to the rising awareness of lifestyle-related conditions.

Key Players

The report will include the profiles of key players such as Senthil Papain and Food Products Pvt. Ltd (India), Shri Ganesh Industrial Enzymes (India), Aumgene Biosciences (India), Enzybel International (Belgium), Ultra Bio-Logics Inc. (Canada), Fruzyme Bio tech India Pvt. Ltd (India), and Mitsubishi Kagaku Media (Japan).

Segmentation

Key Industrial Developments

• June 2022, EnzymCo, a Chennai Based Company, has launched papain-rich food products, such as food supplements and pet food. The products are natural, animal-free proteins, GMO-free, non-toxic, and highly biodegradable.


• In April 2022, Solabia Group, a cosmetic company based in France, announced its new cosmetics launch by incorporating the natural enzyme papain extracted from the papaya fruit. This enzyme is used in face scrubs, which helps regenerate new cells, thus, maintaining healthy skin.