Thursday, 11 October 2018

Research of Ficin Enzyme Market in Global Industry : Trends, Analysis, Growth and Status 2018-2028

ResearchMoz presents professional and in-depth study of "Ficin Enzyme Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028".

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.

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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
    Beverage
    Breakfast solutions
    Frozen foods
    Fortified foods
    Others
    Pharmaceutical
    Cosmetics & personal care
    Others

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On the basis of form, the global ficin enzyme market has been segmented as:

    Powder
    Liquid

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.

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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

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