Protease Market Size Generating Revenue of USD 5,762.7 million by 2030 | CAGR of 5.4%

Protease is a biocatalyst that can alter the reaction rate and produce desired results in biological reactions. Proteases are proteinaceous in nature and have gathered a special attention in recent years, owing to their wide applications. Protease can be employed in food and animal feed, textiles & detergents, pharmaceuticals and biotechnology R&D, manufacturing industries, and others (paper & pulp processing, leather processing and agriculture).

Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/13195

The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4% from 2021 to 2030.

Demand for protease in the soap & detergents industry is high, owing to its higher use in production of laundry detergents. Furthermore, the demand for protease is growing rapidly in the pharmaceuticals industry, owing to its therapeutic benefits. Protease is also used in the food processing industry for adding texture, flavor, protein, and extending shelf life of food. Furthermore, brewing of beer, wines, and fruit juices is another factor that has led to rise in demand of protease enzymes across the globe. Growth in applications of protease enzymes across different end use verticals has led to the global protease market growth.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/13195

Rise in preference for healthy and nutritional food significantly boosts adoption of the protease enzymes in the foods & beverages industry. Sedentary lifestyle of consumers and busy schedules have led to rise in demand for nutritional diet. Protease helps to breakdown protein and helps in improving digestibility. It is beneficial for gut health and relieves inflammation, which is a significant factor behind extensive usage of proteases in foods & beverages.

According to the protease market analysis, the global protease market is segmented on the basis of source, application, and region. By source, the market is categorized into plants, animals, and microbes. On the basis of application, it is segmented into foods & beverages, pharmaceuticals, animal feed, soap & detergents, and others. Region wise, the protease market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Buy Now: https://www.alliedmarketresearch.com/checkout-final/37a16c7a536750a025cf90fbbbddc9f4

Key market players operating in the protease industry are constantly involved in various developmental strategies such as new product launches, partnerships, and acquisition & mergers to gain competitive advantage over others and exploit the prevailing protease market opportunities. Key players profiled in this report include Advanced Enzyme Technologies, Amano Enzyme, Inc., Associated British Foods Plc, BASF SE, Biocatalysts Ltd., Dyadic International, Inc., E.I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Novozymes A/S, and Specialty Enzymes & Probiotics.

Key findings of the study

The global protease market size was valued at $3,454.3 million in 2020, and is projected to reach $5,762.7 million by 2030, registering a CAGR of 5.4% from 2021 to 2030.
By source, the microbes segment was the highest contributor to the market, with $2,161.1 million in 2020, and is estimated to reach $3,496.5 million by 2030, at a CAGR of 5.1% during the forecast period.
By application, the soap & detergents segment was the highest contributor to the market, with $1,495.1 million in 2020, and is estimated to reach $2,358.0 million by 2030, at a CAGR of 4.8% during the forecast period.
By region, North America was the highest revenue contributor, accounting for $1,229.0 million in 2020, and is estimated to reach $1,916.7 million by 2030, with a CAGR of 4.7%.

Read More: https://www.alliedmarketresearch.com/protease-market-A12830

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.