Papain, also known as papaya proteinase, is a proteolytic enzyme extracted from raw papaya through different methods.It helps in the breakdown of protein and obtains protein in its native form, i.e., peptides and amino acids.Its consumption is essential for the treatment of many ailments.One can get sufficient amount of papain from a raw papaya.
Other than papaya,the other sources of papain are kiwi fruit,ginger,asparagus,and yogurt.Papain is available in different forms such as powder,liquids, and capsules.Owing to its multiple health benefits,it is widely used in the food &beverages industry.Low doses of papain are safe to be used in medicines.It is expected that the papain market will grow at a substantial rate during the forecast period.
COVID-19 scenario analysis
Owing to medicinal values of papain,there will be an augmented demand post COVID-19.
The disrupted supply chain has hampered the growth.
The closure of industries due to lockdown has resulted in non-production,ultimately affecting the sales and revenue.
Focusing on e-commerce trade can strengthen the business post COVID-19.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Rise in number of health-conscious consumers is fuelling the growth of the global papain market.Papain is used for wound healing,treatment of shingles,reducing pain &inflammation,easing sore throat,muscle soreness.In addition to this,it is used in cosmetics for the treatment of dead skin cells and acne and gives the skin a natural & healthier look.Papain shampoo and conditioners are widely used for the purpose of hair growth and dandruff reduction. Raw papaya can be consumed for the treatment of melisma, and is considered as a home remedy.
Papain has many uses in the food & beverages sector due to its high vitamin & mineral content.In addition, it is used in the textile and pharmaceutical industry.
However,its consumption might result in side effects such asuneasiness,feeling fatigue,throat irritation,skin allergies, and indigestion,which is a limiting growth factor.
Conversely, manufacturers are introducing new variants in the product portfolio to improve the overall functionality of the product.Their prime concern is on brand loyalty, and are using this as a viable methodology to extend their global footprint.They are expanding their business through mergers & acquisitions,collaborations,and joint ventures.The discountoffered on home delivery is boosting the market growth.In addition to this,endorsements are playing a vital role in the market penetration of these products.
Continuous research & development,investment in technology & innovation,accurate product positioning,increase in disposable income,and product standardization are the major driving forces stimulating the growth of papain market.
Key benefits of the report
This study presents the analytical depiction of the global papain market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global papain market share.
The current market is quantitatively analyzed to highlight the global papain market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the global papain market research report:
Which are the leading players active in the global papain market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?
Papain Market Report Highlights
By Distribution Channel
Key Market Players
Ultra Bio-Logics Inc., LGM Pharma, Beckmann-Kenko GmbH, Shree Sai Agros3Parchem fine & specialty chemicals, AXO Industry SA, Aumgene Biosciences, FRUZYME BIO TECH INDIA PVT LTD, Senthil Papain and Food Products (P) Ltd., Shri Ganesh Industrial Enzymes, Chemos GmbH