The size of the North America Protein Hydrolysis Enzymes Market was valued at USD 0.54 billion in 2023 and is expected to reach USD 0.66 billion by 2028, forecasted to hike a healthy rate of 4.33% from 2023 to 2028.
The North American protease enzymes market is driven by factors such as replacement of chemicals and additives, increased demand for environmentally friendly ingredients, lower production cost, high yield, reduced production, and a growing industrial need in developing countries. The increasing number of new protease products for different applications and innovative technological platforms provide significant growth opportunities for this market. The growing demand for protein hydrolysis enzymes to produce salty hydrolysates with improved flavors in the food and beverage industry is likely to drive protein hydrolysis enzymes. The increasing demand for protein hydrolysates in sports and nutritional drinks is expected to increase the need for the protein hydrolysis enzymes used in their production.
The increasing demand for protein hydrolysates used in the formulation of infant formula is also expected to create significant opportunities for protein hydrolysis enzymes used in the production of protein hydrolysates. The growing demand for various protein hydrolysates in animal feed further boosts the protein hydrolysis enzymes industry during the forecast period. The growth of protein hydrolysis enzymes is highly dependent on the health of the protein hydrolysates industry.
The limited scope in food processing is believed to hamper the growth of the Protein Hydrolysis Enzymes market. The increased use of biochemical as substitutes in industrial processes is expected to impact the expansion of the industry negatively.
This research report on the North America Protein Hydrolysis Enzymes Market has been segmented and sub-segmented into the following categories:
North America was the largest consumer of protein hydrolysis enzymes in 2020 and is expected to grow rapidly over the next seven years. The strong consumption growth is attributed to the development of the detergents and feed market in the region. The market has been positively affected by the growth of pharmaceutical industries in the area.
Promising Companies leading the North America Protein Hydrolysis Enzymes Market Profiled in the Report are Ab Enzymes, Dyadic International, Inc., Solvay Enzymes, Royal DSM, Novozymes A/S, and Specialty Enzymes & Biotechnologies Co.
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