Ficin Enzyme Market

The increasing growth in various industries such as biofuel, food and beverage, home cleaning, and animal feed is also driving growth in the ficin enzyme market. With increasing health awareness, functional food products are more in demand. Ficin comes from the latex of a tropical fig tree and comes under the proteases protein category. Its primary function is in the metabolism of proteins into amino acids. The rising health concerns, and demand for cost-efficient organic food are the factors driving ficin enzyme market globally. The increasing pollution and R&D for cosmetics and drugs manufacturing are also boosting its market.

In the healthcare industry, it is used to cure indigestion and for the treatment of intestinal infections caused by parasites. This ficin are widely used in health care applications, production of stitching material, blood typing, and preparation of arteries (animal) for human implantation. The healthcare sector only considers ficin's use safer if taken orally. The excessive use of ficin laced products can harm the abdomen and results in related problems. Businesses in food and beverages industry are leveraging the popularity of convenience food to capitalize market. The frozen, packaged, and processed food comprise complex molecules that are difficult to digest. But the growth of packaged foods industry has bolstered the usage of food enzymes. These enzymes are used to enrich the texture, digestibility, and shelf life of eatables. All these factors cumulatively ensure growth in the ficin enzyme market globally.

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

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.