Protease Market to Witness Heightened Revenue Growth During the Forecast Period – 2030

Protease, called as peptidases, is the most important group of enzymes having an invincible role in many industries, especially within the food, detergents, and pharmaceuticals industry. Proteases encompass about 60% of the entire enzyme market and stand among the foremost precious commercial enzymes. Protease enzymes are diverse ingredients that help to reduce the manufacturing costs of food products and enhance the digestibility of some foods. They are even critical for many of the FMCG products. The most important reason behind the expansion of this market is that proteases have multiple uses in diverse industries. Protease is eco-friendly in nature and its non-toxic and non-pathogenic attributes are other advantages that result in a surge in the market. Global protease market is projected to grow at a CAGR of 5.8% during the forecast period of 2020 - 2025.

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The microbial segment has grown at the fastest rate due to increase in producers’ demand asset is commercially viable & helps to yield improvement, and inability of plant and animal sources to satisfy the proteases demand globally.The market is segmented into fermentation and extraction. Fermentation dominated the proteases market thanks to producer’s reliance on microbial sources and economic efficiency involved because the process is time and price saving.

Companies Covered:
Chr. Hansen Holdings A/S
E.I. du Pont de Nemours and Company
Associated British Foods plc
Koninklijke DSM N.V.
Novozymes A/S
Dyadic International Incorporated
Advanced Enzyme Technologies Ltd.
Biocatalysts Limited
Amano Enzyme Inc.
Specialty Enzymes and Biotechnologies

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COVID-19 Impact analysis

The current COVID-19 crisis triggered a groundbreaking effect on the worldwide economy given the imposition of lockdown and social distancing policies in various countries, significantly meddling with the buyer lifestyle patterns. However, the pandemic has proved as an enormous booster to the proteases industry with emerging applications within the pharma sector.
The increase in medication to counter the virus has led to higher adoption of viral or host proteases to mediate viral entry and therefore, the pathogenesis of the virus infection as exogenous and endogenous agents targeting proteases are found to be effective toward various viral infections, including the HIV and influenza virus.
The market is segmented into food & beverages, livestock feed, soaps & detergent, pharmaceuticals, and other applications. The change in cleaning habits, development of technology like protein engineering to supply high performing products, and growth in environmental concern are driving the marketplace for proteases use within the soaps and detergents industry during the Covid-19 pandemic.

Top Impacting Factors

Protease springs from three major sources which primarily include animal, plant, and microbial. The animal source includes trypsin, pepsin, and renin. The plant source includes papain and bromelain. The microbial include alkaline protease, acid protease, and neutral protease.
Protease is extensively getting used in various products like food and beverage (dairy, bakery, beverages, meat, poultry, and infant formula), healthcare, and animal feed. The market is studied thoroughly for all the potential countries under each region.
The proteases market is fueled by growth in industrialization, increase in incidence of diseases, growth in environmental concern, and its cost reduction and resource optimization properties, which have led to large-scale adoption of proteases for various applications.

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Market Trends

Widely used in Food and Beverage Industry

Use of food enzymes, primarily protease, has significantly increased in food and beverage industries across the world, thus, accelerating the expansion of the market. Alkaline proteases are utilized in the preparation of protein hydrolysates of high nutritional value with a well-defined peptide profile. It even plays an excellent role in meat tenderization, especially beef. Among the seafood products, food enzymes, particularly protease, are catalyzed for the subsequent benefits such as improved oil separation and better yield, thus saving energy, enhanced protein value, and digestibility with better functional property like emulsification, solubility, fat- &water-binding and improved removal of residual meat, so as to realize ‘clean’ fish frames, for its use as a source of calcium.

On the idea of products, the animal material segment is dominated for proteases due to its physiological benefits and its major use within the food & beverages industry like cheese making. Papain dominated the plant material segment of proteases thanks to its health benefits like boosting digestion, supporting the system, and acting as an antioxidant alongside its functional properties like relative heat-resistance that makes it more preferable. Alkaline is the largest microbial product within the proteases market due to its functional properties as it is more stable at high temperatures and it even finds its application majorly within the soaps and detergent industry which is the largest industry for enzyme application.

Widely Used in Pharmaceutical Industry

The pharmaceutical segment has driven the market mainly due to its massive utilization in some regions, increase in industrialization, rise in morbidity and surge in consumer awareness, as well as the propensity of manufacturers toward efficiency and profitability. The application of proteases in food & beverage industry is projected to grow at a high CAGR and therefore, the growth is driven by the growing health awareness among consumers, increasing demand by the food manufacturers as proteases improves processing through viscosity reduction, improving flavor palatability, and also providing stability, along side the advancement in food technology and food processing.

Key Benefits of the Report

This study presents the analytical depiction of the proteases industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the proteases market share.
The current market is quantitatively analyzed from 2021to 2030to highlight the proteases market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed proteases market analysis based on competitive intensity and how the competition will take shape in coming years.

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