Proteases Market: Global Industry Analysis and Opportunity and Forecast 2018 to 2023

Market Overview:
Growing application of proteases in various food & beverage industry is driving the market for proteases. Growth in bakery and dairy industry in recent times has surged the market for proteases. Proteases is used as an active ingredient in most of the industries. It breaks down the proteins in the production of food & beverages. It mainly helps in conversion of raw materials to main products or to increase the functional properties of the product. It is available in different forms which is boosting the growth of the market. Also, protease enzymes functions in adding nutritional value and flavor to the fermented products, which is supporting the growth of global proteases market. Moreover, rising inclination towards convenience food is one of the primary factors contributing to the growth of the global proteases market.

The demand for dairy and bakery products is escalating in the developed countries which is boosting the growth of proteases market. Increasing application of proteases in various industries such as bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, animal feed, and others is boosting the growth of proteases market. Moreover, investment in R&D and development of advance processing methods & technologies are positively contributing to the growth of the global proteases market.  

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Latest Industry Updates:
Sept 2017 DuPont Industrial Biosciences has launched DuPont Axtra PRO, a single protease enzyme which improves the protein digestibility in the animal diets.

Oct 2016 BASF has launched a new protease Lavergy Pro which is a high-performance alternative to established market standards in liquid laundry detergents

May 2014 DSM had launched a complete range of protease enzymes to help the food & beverage industry to do more with protein in different food products.

Major Key Players:
The major key players of proteases are primarily focusing on new product launches since past few years. Growing demand for proteases in various industries is influencing the launch of new product range of proteases. Increasing R&D investment and expansion of product portfolio is observed to be among the key strategies in the market. Acquisitions and partnership are also witnessed to be growing among the key players in this market.

The key players profiled in proteases market report are Associated British Foods Plc (U.K), E. I. du Pont de Nemours and Company (U.S.), Novozymes A/S (Denmark), Koninklijke DSM N.V. (the Netherlands), Chr. Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan), Dyadic International, Inc. (U.S.), Advanced Enzyme Technologies Limited (India), Specialty Enzymes & Biotechnologies Co. (U.S.), and Biocatalysts Limited (U.K) among many others.

Market Segments:
The global proteases market has been divided into type, form, application, and region.

On The Basis of Type: trypsin, renin, pepsin, papain, alkaline protease, and Others

On The Basis of Form: liquid, powder, and Others

On The Basis of Application: Bakery & confectionery, Beverages, Sweet & savory snacks, Dairy & frozen desserts, Animal feed, and Others

On The Basis of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:
The global proteases market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is witnessed to dominate the market. Increased demand for bakery and dairy products in the U.S. has elevated the proteases market. Europe is anticipated to be the second largest market for proteases in which Germany and the Netherlands are the major contributors of proteases through imports. Moreover, rising demand for beverages in the developing countries of Asia Pacific such as India and China is also supporting the growth of proteases market. Additionally, the major key players are actively participating in the research & developments of the product for enhanced functionality & a wide range of product applicability which is primarily driving the market for proteases in the rest of the world.

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This release was published on openPR.