Latin America Proteases Market was worth USD 190 million in 2021 and is estimated to be growing at a CAGR of 6.11%, to reach USD 260 million by 2027
Proteases are any enzymes that perform proteolysis; protein catabolism via hydrolysis of peptide bonds. Proteases have undergone multiple evolutions, and various classes of protease can execute the same reaction by totally different catalytic mechanisms. Proteases are found in Plantae, Fungi, Animalia, Bacteria, Archaea and viruses. There are various types of proteases that are different on their source type, a few of which include papain, ficain, asclepian, clostripain etc. The protease mechanisms include metalloproteases, glutamic acid proteases, serine proteases, cysteine proteases etc. Generally, proteases from bacterial and fungal sources are changed genetically by the transfer of a few genes or by deletion to enhance their performance. Hence, genetically modified proteases result in increased catalytic stability, activities, modified pH and temperature levels. Proteases are used in food applications. In dairy it helps in the coagulation of milk, flavor modification while in a bakery it intensifies gluten development. Other applications in food include animal protein processing, seafood processing, in yeast hydrolysis, etc.The Latin America Proteases market is driven by factors like the growth of food and detergent industries, rising demand for cleaning formulation drives, growing applications in the pharmaceuticals sector and its ability to reduce production costs in food industry. However, the market is constrained by factors like the presence of stringent regulations.
on the basis of source into
microbial
plant
animal segments
By application
food & beverages
laundry & dish washing detergents
feed additives
health care
Food and beverages segment has the largest share in the segment.
By product
microbial
plant and animal
Renin
Alkaline
Papain proteases
Brazil
Argentina
Chile
Peru
The market in the region is emerging in terms of growth. Factors such as growing applications in the pharmaceuticals sector and its potential for cost reduction is expected to drive market growth in the region.
Some of the major players in the market include
Amano Enzyme Inc.
Advanced Enzyme Technologies Ltd.
Biocatalysts Limited
Associated British Foods PLC
Chr. Hansen Holdings A/S
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