The report on global papain market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global papain market to grow with a healthy CAGR of over the forecast period of 2018-2024. The study on papain market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Several factors are fueling the growth of global papain market that includes rising health concern among the consumers, increasing applications in pharmaceutical and food industry. Also, high demand of papain for meat tenderizers, and increasing demand for natural enzymes. Furthermore, the rise in the use of papain in the different end-user industry has led to the surge in the demand for papain, which fuels the market growth. Companies producing the papain related products are intensively investing in research and development to cater the growing demand of the papain related product. However, availability of artificial enzymes restrains the market growth. Technological development in the manufacturing of papain has led to an increase in the production, which is expected to provide growth opportunities for the market.
On the basis of region, the Global Papain market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is the market leader in the Papain Market globally. It is estimated to retain its dominating position, throughout the forecast period. The increasing consumer awareness and population’s consumption pattern shift for the use of natural products are considered to be one of the significant reasons for the rising growth in the use of natural proteolytic enzyme for the medicine, and meat tenderization are boosting the demand of papain market the North America region. However, Asia Pacific region is estimated to witness maximum growth in the global papain market during the forecast period, due to several application of papain products in medicine, textile, meat tenderization and several others.
The report on papain market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global papain market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global papain market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global papain market is segmented on the basis of form , application and distribution channel.
Global Papain Market by Form
Global Papain Market by Application
• Food & Beverage
Global Papain Market by Distribution Channel
• Conventional Store
• Organized Retail Store
• Online Retail Store
• Aumgene Biosciences
• Excellent Biotechnologies
• Beckmann-Kenko GmbH
• AXO Industry SA
• Fruzyme Biotech India Pvt Ltd
• Biofact India Enterprises
• Hexon Laboratories Pvt. Ltd.
• Chemos GmbH
• Nikunj Chemicals
• LGM Pharma
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of papain market.
2. Complete coverage of all the segments in papain market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global papain market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.