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Protease Market Segmentation-By Source (Animal, Plant, Microbial), By Type (Serine Proteases, Metalloproteases, Aspartic Proteases, Cysteine Proteases), By Form (Liquid, Powder & Granule), By Application (Food & beverage, Detergent, Pharmaceuticals, Animal Feed, Biotechnology), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) Global & Regional Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028)

Published: April, 2023
ID: 13728
Pages: 150
Formats: report pdf report excel report power bi report ppt

Protease Market Size, Share, Growth (2023-2028)

protease market is estimated to reach US$3.9 billion by 2028, expanding at a compound annual growth rate (CAGR) of 6.6% during 2023-2028 from US$ 2.1 billion in 2023.

Protease Market Overview

Proteases are enzymes that play an essential role in many biological processes, including digestion, blood clotting, and immune function. The global protease market is expected to grow substantially in the next years due to increased demand across various sectors. Food and beverages use the most proteases. Population growth, processed food demand, and plant-based protein adoption will increase food sector protease demand. Pharmaceuticals use 20% of proteases for cancer, arthritis, and cardiovascular drugs. Protease demand in the pharmaceutical industry may rise due to chronic disease and tailored therapy. Due to the rising demand for proteases across many industries and increased focus on bio-based products, the market will likely expand rapidly in the next years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

6.6%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Novozymes A/S ,DSM ,Chr. Hansen Holding A/S (Danish),DuPont ,German corporation AB Enzymes,Amano Enzyme Inc. ,BASF SE ,Biocatalysts Ltd.

Protease Market Drivers

The food and beverage industry's demand for meat, bakery, and dairy goods such as snacks, bread, yogurt, meat, juices, and others is leveling up the demand of the market. Due to population expansion, convenience food such as bakery items, drinks, and snacks drives market growth globally. The variety of proteases available has also altered food preparation. Private food enzyme investments by firms are also increasing the industry. The market will develop due to its eco-friendly and non-pathogenic, and non-toxic features. Studying the rise in consumer awareness regarding health and wellness. The demand for protease supplements is increasing because of rising awareness about the health advantages of proteases. Proteases aid in protein digestion, potentially enhancing overall health and well-being. Also, there is a rising need for enzyme-based cleaning agents which utilize proteases as a crucial component in products like industrial cleaners, dishwashing detergents, and laundry detergents. The protease market is experiencing growth due to the increasing need for eco-friendly and biodegradable cleaning agents.Rising demand for animal feed has led to using proteases in animal feed to enhance protein digestibility, resulting in improved animal health and growth. The increasing need for high-quality animal feed drives the protease market's expansion.

Protease Market Restraints 

One major restraint for the protease market is regulatory concerns. Manufacturers of enzymes such as protease, lipase, and others must adhere to the regulations established by numerous regulating bodies. The Association of Manufacturers and Formulators of Enzyme Products, the Enzyme Technical Association, and the EU REACH Regulation are a few examples. In addition, the food chemicals codex mandates specific regulations to be followed while using enzymes in the food industry. Even though industrial enzymes are strictly regulated in Canada, the United Kingdom, and the European Union, there is no uniform regulatory system for their use. As a result, manufacturers must follow tight labeling, packing, and mixing guidelines before releasing products to the market. This could put enzymes' wide range of applications in jeopardy.

The production of proteases entails high manufacturing costs, which can affect the final products' prices. This can decrease the affordability of proteases and restrict their market expansion. In addition, proteases have limited stability and specificity, which can have a negative impact on their efficacy in various applications. This can hinder their adoption in industries such as the pharmaceutical sector, which requires highly specific enzymes for therapeutic applications. Furthermore, due to the use of chemicals and energy-intensive procedures, the production of proteases can have an adverse effect on the environment. Increasing emphasis on eco-friendly and sustainable products can restrict the use of proteases in certain applications. In addition, proteases confront competition from alternative enzymes and chemical compounds that can perform comparable functions. This can hinder the growth of the protease market, as consumers may opt for alternative products that are more cost-effective or perform better in specific applications.

Protease Market Recent Developments 

  • In September 2022, Creative Enzymes, a New York-based enzyme distributor, released Kex2 Protease from Saccharomyces Cerevisiae, Recombinant. This enzyme is a calcium-dependent protein hydrolase that recognizes and cleaves Arg-Arg, Lys-Arg, and other related C-terminal peptide bonds. It has a molecular weight of 67 kilo-Daltons, a pH of 9.0, a temperature of 37°C, and is stable in acidic environments. Introducing this new enzyme product broadens Creative Enzymes' product portfolio and offers a novel solution to customers' needs.

  • In June 2021, DSM NV introduced Proact 3607M, a novel protease enzyme that allows feed manufacturers to be more flexible in selecting and using raw materials. This reduces the industry's dependency on soy and other main crops while cutting feed costs. Proact 360TM also improves protein digestibility, which leads to increased nitrogen uptake in metabolism and lower nitrogen emissions into the environment.

  • In March 2021, Novozymes AS developed a protease enzyme tailored for protein beverages based on the company's enzymatic Formea platform. This new product release was expected to assist the industry in producing better-tasting protein beverages for consumers.

Protease Market Segmentation

By Source:

  • Animal

  • Plant

  • Microbial

The animal segment is leading with the dominant shares of the market. However, the microbial segment is esteemed to have prominent growth shares in the coming years with the rise in demand from the food and beverage industry.

By Type: 

  • Serine

  • Metallo

  • Aspartic

  • Cysteine

The serine proteases market is ruling with the largest shares of the market, whereas the aspartic proteases market is gaining traction over the market's growth rate. 

By Application:

  • Animal Feed

  • Biotechnology

  • Pharmaceuticals

  • Detergent

  • Food & Beverages

The food and beverages segment has the largest shares in the protease market. Proteases find their application in the food and beverage industry for purposes such as protein modification, tenderization, and flavor enhancement. Proteases serve as a crucial component in enzyme-based cleaning agents within the detergent industry.

By Form:

  • Liquid

  • Powder & Granules

The liquid protease market is ruling with the highest shares. Liquid proteases are easier to handle and mix with other chemicals, and they are often employed in the detergent industry, but powder proteases are more commonly utilized in the food sector because they may be added to food products in a dry form.

Overall, the type of protease utilized in a specific sector or application is determined by a variety of characteristics such as ease of handling, stability, and solubility.

Protease Market Regional Analysis:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

The Asia Pacific region is a significant market for proteases, primarily because of its large population, growing disposable incomes, and surging demand for processed food and beverages. The increasing demand for proteases in the food and beverage industry in countries like India, China, and Japan is contributing the largest share of the market. The region is also expected to experience significant growth in the pharmaceutical industry, which is expected to further drive the demand for proteases market.

In North America, the growing demand for proteases in the food and beverage and detergent industries is driving the proteases market. The United States is the largest protease market in the region, with numerous established corporations producing and distributing proteases for a variety of applications.

In Europe, the increasing demand for enzyme-based products in the food and beverage, detergent, and pharmaceutical industries drives the protease market. On the European protease market, Denmark, Germany, and the United Kingdom are among the leading nations. Europe is expected to be a mature market for proteases, with a moderate growth rate in the coming years.

In Latin America, the protease market is growing consistently as demand for proteases increases in the food and beverage industry. Numerous established companies produce and distribute proteases in Brazil, which is the region's largest protease market. 

The protease market in the Middle East and Africa is currently relatively small but is anticipated to expand in the future years. The increasing demand for proteases in food and beverages.

Latin America and the Middle East and Africa (MEA) are expected to experience moderate growth rates in the protease market due to the increasing demand for proteases in the food and beverage industry. However, the market in these regions may be hindered by the lack of technological advancements and infrastructure in some countries, and detergent industries drive the market.

Protease Market Key Players:

The protease market exhibits high competitiveness, featuring numerous established and emerging players. Some of the significant contributors to the protease industry are:

  1. Novozymes A/S 

  2. DSM 

  3. Chr. Hansen Holding A/S (Danish)

  4. DuPont 

  5. German corporation AB Enzymes

  6. Amano Enzyme Inc. 

  7. BASF SE 

  8. Biocatalysts Ltd. 

 

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