The global proteases market size is expected to expand at a CAGR of 5.9% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand of proteases in diverse sectors.
Proteases, generally known as peptidases, are the most common types of enzyme and have its wide applications in a variety of sectors particularly in food, detergents, and pharmaceuticals. Protease enzymes come in a variety of forms and aids in the reduction of food manufacturing costs as well as improving the digestibility of some meals. Protease comes from three different types of sources namely animal, plant, and microbial as it accounts for over 60% of the global enzyme market. Pepsin, trypsin, and renin are key types of animal-derived enzymes and the plant-derived enzymes include bromelain, papain, and others. The microbial enzymes include acid protease, alkaline protease, and neutral protease. These enzymes are widely utilized in a variety of applications including bakery, dairy, meat, beverages, poultry, and infant formula as they are among the most valuable commercial enzymes.
The COVID-19 pandemic outbreak has made aware among a large number of the global population regarding the need of healthy, safe, and nutritious eating products. Thus, the pandemic is projected to have a substantial influence on the rising demand for food enzymes. However, food ingredient producers have been dealing with substantial hurdles as a result of the COVID-19 spread.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for food enzymes due to rising awareness regarding its non-toxic and non-pathogenic properties is a key factor that drives the market.
- Rising demand for the processed food due to change in taste preferences of consumers is likely to propel the market during the forecast period.
- Growing middle-class population along with their changing lifestyle and rising disposable incomes are another key factors boosting the market.
- Thermal agitations of the food and varying pH reduces the enzyme activity. This is a major challenge that can hamper the market expansion.
- Various technology licensors enable small-scale producers to develop programmable enzymes that can be scaled up to generate huge quantities. This is a key factor that creates lucrative opportunities for the market growth.
Scope of the Report
The report on the global proteases market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Proteases Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Healthcare, Animal Feed, Food & Beverage [Bakery, Dairy, Beverages, Poultry, Infant Formula, and Meat], and Others), and Sources (Microbial [Neutral Protease, Acid Protease, and Alkaline Protease], Plants [Bromelain, Papain, and Others], and Animals [Pepsin, Renin, Trypsin, and Others])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Merck KGaA; Advanced Enzyme Technologies; Novozymes A/S; Koninklijke DSM N.V.; and E. I. Du Pont De Nemours and Company
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Market Segment Insights
Food & beverage segment to expand at a considerable CAGR
On the basis of applications, the proteases market is segmented into healthcare, animal feed, food & beverage and others. The food & beverages segment is further classified as bakery, dairy, beverages, poultry, infant formula, and meat. The food & beverage segment is projected to expand at a considerable CAGR during the forecast period owing to escalating use of enzymes in various food products. End-product freshness is increased by using food enzymes, which not only extending the shelf life of convenience foods but also keeping their flavor, color, and texture intact. On the other hand, the healthcare segment is anticipated to account for a major market share during the forecast period owing to wide use of protease in the manufacturing of the enzyme-based drugs for the treatment of especially cardiovascular disorders.
Microbial segment to hold a significant share of the market
In terms of sources, the market is divided into microbial, plants, and animals. The microbial segment is further categorized as neutral protease, acid protease, and alkaline protease. The plants segment is further fragmented into bromelain, papain, and others. The animals segment is sub-segregated as pepsin, renin, trypsin, and others. The microbial segment is expected to hold a significant share of the market during the forecast period owing to the increasing demand from manufacturers since it is financially feasible and aids in yield enhancement.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the proteases market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to rising demand for processed food and animal feed, as well as a wide range of enzyme applications including protease in the processed food sector. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to an increase in the number of regulatory approvals for enzyme-based treatments and therapies. The increased frequency of cardiovascular and orthopedic illnesses among a large number of the population in the region presents another key driver of the regional market.
Segments
The global proteases market has been segmented on the basis of
Applications
- Healthcare
- Animal Feed
- Food & Beverage
- Bakery
- Dairy
- Beverages
- Poultry
- Infant Formula
- Meat
- Others
Sources
- Microbial
- Neutral Protease
- Acid Protease
- Alkaline Protease
- Plant
- Animal
- Pepsin
- Renin
- Trypsin
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global proteases market are Merck KGaA; Advanced Enzyme Technologies; Novozymes A/S; Koninklijke DSM N.V.; and E. I. Du Pont De Nemours and Company.
The worldwide proteases market is becoming more competitive due to wide adoption of business development strategies among key players such as Novozymes, DSM, and DuPont. The businesses relies heavily on acquisitions and mergers as a strategic position to meet the rising needs for nutritious foods. These major companies have been working hard to consolidate the business by leveraging their distribution networks, forming relationships with local distributors, particularly in emerging nations, and inventing new products that can be customized for various end-users.
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