Ficin Enzyme Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
- Transparency Market Research
Ficin Enzyme Market Outlook
Ficin, or ficain, is an enzyme derived from the latex of fig trees. It can be categorized as a protease, and its primary function is the metabolism of proteins into amino acids. The ficin enzyme market is characterized by the increasing application of enzyme at the industrial level. The ficin enzyme market is expected to gain substantial traction in the industrial as well as food enzyme market, which can be attributed to the enzyme’s proteolytic characteristics and larger working temperature range. Growing processed meat, poultry, and seafood industries are expected to create healthy demand for the ficin enzyme over the forecast period. Application in the analysis of immunoglobin assay is slated to remain the ficin enzyme market’s core driving force as the enzyme is cost-effective as compared to its alternatives. North America is expected to dominate the global ficin enzyme market over the forecast period, owing the region’s large processed meat industry. The food industry end-use segment is expected to dominate the global ficin enzyme market and witness larger volume application over the forecast period.
Ficin Enzyme Market: Reasons for Covering This Title
The growing processed food industry in both developed and developing regions is significantly driving the global market for food and beverage process related enzymes. This can be attributed to the recent efforts by key manufacturers towards proteolytic enzymes, such as the ficin enzyme, papain enzyme, and bromelain enzyme, to bring down the processes time cost-effectively. Strong proteolytic characteristics make the ficin enzyme a lucrative offering for food enzyme manufacturers. With ease of production and a lower price point, the ficin enzyme is expected to witness strong demand over the forecast period. The advent of natural ingredient based processed food is expected to drive key meat-based food manufacturers to opt for the ficin enzyme over synthetic options.
Global Ficin Enzyme Market: Segmentation:
On the basis of end-use, the global ficin enzyme market has been segmented as:
- Food Industry
- Meat, fish & poultry
- Spices & condiments
- Breakfast solutions
- Frozen foods
- Fortified foods
- Cosmetics & personal care
On the basis of form, the global ficin enzyme market has been segmented as:
Global Ficin Enzyme Market: Key Players
Some of the key players operating in the global ficin enzyme market are Enzybel Group (Floridienne S.A), Geno Technology Inc., Merck KGaA, Avent AG, Agrisera AB, MP Biomedicals, LLC., Thermo Fisher Scientific Inc., TCI America, and Gold Biotechnology, Inc.
Key Product Development in Ficin Enzyme Market
The key product launches observed in the ficin enzyme market over the recent years are observed to be targeting ethical buyers and vegan populations:
- In 2014, DSM launched a toolbox targeting proteolytic enzyme applications with a one-stop solution. The product contained a one-of-its-kind combination of major proteolytic enzymes, including papain, ficin and others to create a multifunctional enzyme toolbox for the food and beverage industry
- In 2017, Ayrat Kayumov, a micro-organism genetics lab funded by the Russian Science Foundation, has successfully designed a new wound healing application of ficin enzyme. The organization will be moving to clinical trials soon as the application is expected to exhibit a thousand fold more effective healing effect over standard healing medication available
Opportunities for Market Participants in Ficin Enzyme Market
Developed regions, such as North America and Europe, are estimated to witness significant growth in the market in terms of both value and volume during the forecast period. North America is expected to witness strong demand for the ficin enzyme from its meat process industry as the region is the largest player for the same globally. Increasing application of natural enzymes in the nutraceutical industry is expected to fuel the demand for ficin enzyme in Europe over the forecast period. The developing regions of Asia Pacific are expected to register comparatively faster growth rates over the forecast period attributed to the larger cluster of food processing companies in the region.
Brief Approach to Research
Our company will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the distribution channel, species, nature, origin and end use of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the market
- The cost structure of the products and segments covered in the study
- In-depth pricing analysis, by key product segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in ficin enzyme market
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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