Proteases Market to Rise at a CAGR of 6.3% by 2023 | Key Players Profiled are Associated British Foods Plc, DuPont, Novozymes, Specialty Enzymes & Biotechnologies Co. and Many More
The increasing demand of bakery, dairy, and meat products from the food and beverage industry which includes products such as bread, meat, snacks, yogurt, juices, and many others has surged the demand of proteases at a global level. Proteases are an important ingredient used in most of the food & beverage products. Availability of proteases in various forms has influenced the demand for proteases in various food preparations. Proteases are majorly used to convert the raw material into the main product or used as additives to alter the functional characteristics of the product. Increasing demand for convenience food is one of the major factors contributing to the growth of the global proteases market.
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Prominent Key Players
The major players in the proteases market
• Associated British Foods Plc (U.K)
• du Pont de Nemours and Company (U.S.)
• Novozymes A/S (Denmark)
• Koninklijke DSM N.V. (the Netherlands)
• 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.)
• Biocatalysts Limited (U.K)
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Proteases market is segmented based on type, form, application, and region.
Since the type, it is segmented into trypsin, renin, pepsin, bromelain, papain, alkaline protease, and others.
Based on the form, it is segmented into liquid, powder, and others.
Based on the application, it is segmented into bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, animal feed, and others.
The global proteases market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the proteases market followed by Europe. Increased demand for bakery, juices, and dairy products in the developed countries of these regions has uplifted the proteases market. The U.S., Germany, and the Netherlands are the major importers of proteases. Additionally, the major key players are actively involved in the research & developments of the product for enhanced functionality & a wide range of product applicability.
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Industry/ Innovation/ Related News:
January 22, 2018 Market Research Future published a half cooked research report on the global proteases market, which is estimated to grow at a CAGR of 6.3% during the forecast period, 2017-2023.
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